Customised, professionally managed strategies for investors ready to move beyond mutual funds.

Portfolio Management Services (PMS) and Alternative Investment Funds (AIF) exist for a specific kind of investor — someone with a large enough corpus and a sophisticated enough risk appetite that a standard mutual fund structure starts to feel limiting rather than helpful.

With PMS, your money isn't pooled with other investors — it's held directly in your own name, managed according to a strategy built around your specific risk profile and goals, with full visibility into every stock and every trade. AIFs go a step further, giving access to strategies mutual funds simply aren't structured to offer — private equity, structured credit, long-short strategies, and other approaches aimed at sophisticated investors comfortable with less liquidity in exchange for a different risk-return profile.

Neither of these is a "better" version of a mutual fund — they're a different tool, suited to a different job. The minimum investment thresholds exist for a reason: these strategies carry a different kind of risk, and they're only appropriate once your overall portfolio has room to accommodate that.

Access to these strategies comes through FRI's relationships with SEBI-registered Portfolio Managers and AIF sponsors — the strategy itself is built and managed by that licensed entity, with FRI helping you identify and access the right one for your profile.

For investors who've outgrown the ceiling of what a diversified mutual fund portfolio can offer, this is the natural next step — provided it's approached with the same discipline as everything else, not chased because it sounds exclusive.

“Sophisticated capital deserves a sophisticated strategy — not a bigger version of the same one.” — FRI Philosophy