Wealth Managers (India) PMS Review: Focused Leadership Portfolio (2026)
Wealth Managers (India) PMS is a Pune-based portfolio manager founded by two Chartered Accountants with long stock market experience. As of 31 August 2026, it reports PMS AUM of ₹990.80 crore, 384 clients and 1 investment approach.
Its single strategy, the Focused Leadership Portfolio, has run since June 2015. Below we look at the firm, the strategy's reported returns and who it may suit.
Wealth Managers (India) PMS is a Pune-based portfolio manager founded by two Chartered Accountants with long stock market experience. As of 31 August 2026, it reports PMS AUM of ₹990.80 crore, 384 clients and 1 investment approach. Its single strategy, the Focused Leadership Portfolio, has run since June 2015. Below we look at the firm, the strategy's reported returns and who it may suit. Key takeaways Wealth Managers (India) PMS reports assets under management of ₹990.80 crore across 384 clients as of 31 August 2026. Investment approaches: 1. Highest 3-year return in the line-up: Focused Leadership Portfolio at 14.56% a year, against 12.1% for the S&P BSE 500 TRI over the same period (to 31 August 2026). Minimum investment ₹50 lakh; reported returns are TWRR, net of fees but before your taxes. Quick Facts: Wealth Managers (India) PMS Portfolio Manager Wealth Managers (India) Pvt Ltd SEBI Registration No. INP000001660 PMS AUM ₹990.80 crore (as on 31 August 2026) Number of Clients 384 Investment Approaches 1 Key People Mayur Parkeria (Fund Manager, PMS); founders Bharat Phatak and Ajit Khasnis Registered Office Pune Minimum Investment ₹50 lakh (SEBI mandated minimum for PMS) About Wealth Managers (India) Wealth Managers was founded by Bharat Phatak and Ajit Khasnis, both Chartered Accountants by training and well-regarded investment professionals in Pune. Each worked individually as a stock broker for more than ten years before building the firm, giving them deep familiarity with Indian securities markets. The firm is supported by a dedicated team of financial professionals. Fund Manager Mayur Parkeria has been part of the team since June 2001 and has worked with Wealth Managers since December 2003. He trained with Kirtane and Pandit Chartered Accountants in Pune, holds an M.Com from Pune University, is an Associate Chartered Accountant and is a CFP certificant. That continuity of team is a notable feature for a boutique manager. Wealth Managers (India) PMS Strategies and Performance Strategy Category 1Y 2Y 3Y 5Y Inception Focused Leadership Portfolio Multi Cap & Flexi Cap 18.11% 9.10% 14.56% 8.71% Jun 2015 S&P BSE 500 TRI (broad-market reference) Index 4.7% -0.1% 12.1% 10.9% — Returns as of 31 August 2026, TWRR, as reported by the portfolio manager; returns over one year are annualised. Index rows are shown for reference only, as of 31 August 2026 (index figures as published in Sundaram Alternates' August 2026 PMS performance disclosure); each strategy's own SEBI category benchmark may differ, so ask the manager for its benchmark comparison. Focused Leadership Portfolio Launched in June 2015, this Multi Cap and Flexi Cap strategy, as its name suggests, appears to concentrate on companies that lead their industries. As of 31 August 2026 it reports 18.11% over one year, 9.10% over two years, 14.56% over three years and 8.71% over five years. The 2-year return of 9.10% is relatively resilient given the 2024-26 correction, and the 1-year figure is strong. The 5-year figure of 8.71% is more modest and suggests a weaker period earlier in that window, which investors should explore with the manager. How to Read These Numbers A PMS return figure means little in isolation. Each strategy should be compared with its own category benchmark over the same period, not with a headline index or a different category. The Focused Leadership Portfolio is a Multi Cap and Flexi Cap strategy and should be compared with a broad multi-cap index over matching periods. The 2-year column deserves particular attention: it spans the 2024-26 market correction, when broad and especially small and mid cap indices gave back a large part of earlier gains, so weak or flat 2-year numbers across the industry are common. Reported figures use the Time-Weighted Rate of Return (TWRR) method, which removes the effect of the timing of client inflows and outflows; an individual investor who entered at a different time, or added money later, may have a materially different experience. Under SEBI norms, PMS returns are reported net of fees and expenses, but each investor's tax outgo differs because capital gains are taxed in the investor's own hands on every trade. Finally, PMS portfolios are typically concentrated in a limited number of stocks, which can amplify both outperformance and drawdowns relative to a diversified mutual fund. Who Wealth Managers (India) PMS May Suit Investors who prefer a long-tenured, stable investment team Investors seeking a focused portfolio of industry leaders Pune and Maharashtra-based investors who value a locally rooted manager they can meet Those who want a single, simple PMS strategy as part of a wider portfolio It may not suit investors who want a choice of strategies or a small cap tilt, or those for whom a 5-year return of 8.71% as of 31 August 2026 is below expectations. Fees, Minimum Investment and Taxation SEBI mandates a minimum investment of ₹50 lakh for any PMS, which can be brought in as cash, existing securities, or a mix of both. Portfolio managers typically offer a fixed management fee, a hybrid of a lower fixed fee plus a share of profits, or a performance-linked fee charged above a hurdle rate; the exact fee schedule for each Wealth Managers (India) strategy is in the Disclosure Document, and investors should read it closely, including exit loads and other charges. Securities in a PMS are held in the investor's own demat account, which gives full transparency over holdings and transactions. Because the portfolio is owned directly, capital gains are taxed in the investor's hands on each trade: short-term capital gains on listed equity are taxed at 20%, and long-term capital gains at 12.5% above the annual ₹1.25 lakh exemption. For a step-by-step explanation, see how PMS onboarding, funding, taxation and exit work (/insights/how-pms-works-onboarding-funding-taxation-exit) . Money n Wealth's View Wealth Managers stands out for team continuity and vintage: the fund manager has been with the group since the early 2000s and the strategy has more than eleven years of history. Recent performance has been relatively steady, with a positive 2-year number through the correction. What to watch is the 5-year return of 8.71%, which trails the 3-year figure and should be benchmarked carefully against multi-cap index and active mutual fund options; see our PMS versus mutual funds (/insights/pms-vs-mutual-funds-1-crore-investors) guide. As a single-strategy boutique, concentration in one portfolio and one decision-making team is also a consideration. For a detailed discussion, speak with our team (/contact) . Frequently Asked Questions Is Wealth Managers (India) PMS good? As of 31 August 2026 its Focused Leadership Portfolio reports 18.11% over one year, 14.56% over three years and 8.71% over five years. Investors should weigh this against benchmarks and their own goals. What is the minimum investment in Wealth Managers (India) PMS? The SEBI mandated minimum of ₹50 lakh applies, in cash or securities. Which is the best Wealth Managers (India) PMS strategy? The firm offers a single strategy, the Focused Leadership Portfolio, running since June 2015. Who manages Wealth Managers (India) PMS? Mayur Parkeria is Fund Manager, PMS. The firm was founded by Bharat Phatak and Ajit Khasnis. Is Wealth Managers (India) PMS registered with SEBI? Yes. Wealth Managers (India) Pvt Ltd holds SEBI portfolio manager registration INP000001660. Related Reading Portfolio Management Services (PMS) in India: the complete 2026 guide (/insights/pms-india) How PMS works: onboarding, funding, taxation, reporting and exit (/insights/how-pms-works-onboarding-funding-taxation-exit) PMS vs mutual funds above ₹1 crore (/insights/pms-vs-mutual-funds-1-crore-investors) PMS players in India by AUM and vintage (/insights/pms-players-in-india-aum-vintage) Wright Research PMS Review (/insights/wryght-research-and-capital-pms-review) WhiteOak Capital PMS Review (/insights/white-oak-capital-management-consultants-pms-review) Tata Asset Management PMS Review (/insights/tata-asset-management-pms-review) Axis AMC PMS Review (/insights/axis-asset-management-company-pms-review) All PMS reviews (/insights/category/pms) Sources SEBI: registered portfolio managers (https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=10) Association of Portfolio Managers in India (APMI) (https://www.apmiindia.org) Disclaimer: This article is for general informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer/solicitation to invest in any security or PMS strategy. Portfolio Management Services are subject to market risks; please read the Disclosure Document and Client Agreement carefully before investing. AUM, client and performance figures cited are as reported by Wealth Managers (India) in public disclosures as of 31 August 2026, are calculated using the Time-Weighted Rate of Return method, are not verified by SEBI, and individual client returns may vary. Past performance is not indicative of future returns. Strategies, fees and figures may change without notice and should not be construed as a recommendation to buy or sell. Money n Wealth (Predics Fintech Services Pvt Ltd) is an AMFI-registered Mutual Fund Distributor (ARN-121995) and APMI-registered PMS Distributor (APRN-07444); this is not a SEBI-registered investment advisory service. Please consult your financial advisor before making investment decisions.