Portfolio Management Services (PMS)

About Narnolia PMS

Narnolia PMS is meant to be a core buy and hold portfolio for investors who aim to capitalise on the wealthcreation opportunity in the Indian economy through equity investing. Narnolia PMS provides an unique opportunity to diversify a single PMS investment among 5 different Equity & Mutual Funds Strategies - all through a single account, helping the investor to prudently allocate their investments in these strategies proportionately depending their requirements and risk profile. With this the investor gets the freedom to choose their preferred basket of stocks. All strategies are uniquely modelled around various cap and fundamental characteristics of growth and quality. Each portfolio comprises a flexible and judicious mix of companies to have the right kind of stability to sail through tough times as well as has the right force to outperform in the long term.

Why Narnolia PMS?

  • Diversify single PMS investment between 2 or more strategies
  • Strong Risk Management & Research Framework
  • Stable Returns across Market Cycles
  • SIP & Top-up Options Available

Investment Philosophy

Principle Of Growth In Value

Among various proven philosophies of investing, our chosen style is ‘Growth in Value’. Here the word value is derived from the word valuable i.e. factors that make a company more valuable.

360° Deductive Reasoning Framework

Insist on knowing why & how a company makes its revenue both from a broad picture basis understanding the addressable market & dynamics as well as the microscopic financials-valuation level perspective

Seeking Linear Consistent Growth

Prefer companies where improvement happens linearly in small steps over a relatively longer period of time as these companies’ valuation multiple expands alongwith earnings & then does not contract in a hurry

Risk Manager’s Mindset

Portfolio has a pre-determined risk return expectation framework which enables taking active risk keeping in mind economic exposures, liquidity risk and stock- sector – cap- theme weightages.

Narnolia PMS Launched in March 2012


CAGR since 2012 As on June 2024

14.7%  NIFTY 50 TRI 14.7% NIFTY 500
5TX5T 18.2% MID & SMALL CAP 21.0%

CAGR since 2015 As on June 2024

13.7%  NIFTY 50 TRI 15.3% BSE 500 TRI

Narnolia PMS Equity Strategies

Complain Dashboard - Portfolio Management Services

Data for Every Month Ending - June 2024
Complaints Received From Pending at the end of last month Received Resolved* Total Pending# Pending > 3 Months Avg. Resolution Time ^ (in days)
Directly from InvestorsNilNilNANANANA
Other Sources (if any)NilNilNANANANA
Grand TotalNilNilNANANANA
"^ Average Resolution time is the sum total of time taken to resolve each complaint in days, in the current month divided by total number of complaints resolved in the current month"

Trend of Monthly Disposal of Complaints

Month Carried forward from previous month Received Resolved* Pending#
June - 24NilNilNANA
May - 24NilNilNANA
Apr - 24NilNilNANA
Mar - 24NilNilNANA
Feb - 24NilNilNANA
Jan - 24NilNilNANA
Dec - 23NilNilNANA
Nov - 23NilNilNANA
Oct - 23NilNilNANA
Sep - 23NilNilNANA
Aug - 23NilNilNANA
July - 23NilNilNANA
June - 23NilNilNANA
May - 23NilNilNANA
April - 23NilNilNANA
Mar - 23NilNilNANA
Feb - 23NilNilNANA
Jan - 23NilNilNANA
Dec - 22NilNilNANA
Nov - 22NilNilNANA
Oct - 22NilNilNANA
Sep - 22NilNilNANA
Aug - 22NilNilNANA
July - 22NilNilNANA
Jun - 22NilNilNANA
May - 22NilNilNANA
Apr - 22NilNilNANA
Mar - 22NilNilNANA
Feb - 22NilNilNANA
Jan - 22NilNilNANA
Dec - 21NilNilNANA
Nov- 21NilNilNANA
Oct - 21NilNilNANA
Sep - 21NilNilNANA
Aug - 21NilNilNANA
Jul - 21NilNilNANA
Jun - 21NilNilNANA
May - 21NilNilNANA
Apr - 21NilNilNANA
Grand TotalNilNilNANA

*Inclusive of complaints of previous months resolved in the current month.
#Inclusive of complaints pending as on the last day of the month.

Trend of Annual Disposal of Complaints

Year Carried forward from previous Year Received Resolved* Pending#
Grand Total033NA
Narnolia Research Directory
KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. | Investors don’t need to issue cheques while subscribing to IPOs. Just write your bank account number and sign the application form to authorise your bank to make a payment on your behalf in case of allotment. You don’t have to worry about refunds as the money remains in the investor's account. | It has been brought to the notice of SEBI by Central Economic Intelligence Bureau, Department of Revenue, GOI, that certain fraudsters are collecting data of customers who are already into trading either in NSE / BSE and send them bulk messages on the pretext of providing investment tips and luring them to invest with them in their bogus firms by promising huge profits. Hence, the investors are requested to take note of the above and exercise caution and due care. | Process for filing complaints on the SEBI SCORES website: a. Register on SEBI SCORES | b. Mandatory details for filing complaints on SCORES | Name, PAN, Address, Mobile Number, Email ID | c. Benefits: i. Effective Communication ii. Speedy redressal of the grievances

Narnolia Financial Services Ltd (Formerly Narnolia Financial Advisors Ltd); Registered Office Address: Marble Arch, 2nd Floor, Office 201, 236B, A J C Bose Road, Kolkata- 700020; Phone No.-033-40501500; Corporate Office: A-803, 1 Kanakia Wall Street, 8th Floor, Andheri Kurla Road, Chakala, Andheri East, Mumbai-40093, Phone No.: +91 22 62701200, Website:, SEBI MERCHANT BANKING - INM 000010791, PMS - INP000006420, RESEARCH ANALYST - INH 300006500, Compliance Officer Details (In Research) : Rana Debnath, Contact No. 022 6270 1200, Email id AMFI - ARN 3087, ROC-CIN: U51909WB1995PLC072876 Read More


In case of any queries related to your investments, you can get in touch with us at or WhatsApp us at+916204800291.Grievance Officer: Rana Debnath, Contact No. 022-6270 1200, Email ID:,

Investors may submit their online complaints on the official SEBI Scores website by clicking here. With regards to physical complaints to the Office of Investor Assistance & Education, Securities & Exchange Board of India, SEBI Bhavan, Plot No C4 A 'G' Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051.

Online Dispute Resolution Portal can be accessed via the following link -


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