Portfolio Management Services (PMS) in India

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About Narnolia PMS

Narnolia PMS is meant to be a core buy and hold portfolio for investors who aim to capitalize on the wealth creation opportunity in the Indian economy through equity investing. Narnolia Portfolio Management Services (PMS) provides a 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 on their requirements and risk profile. With this, the investor gets the freedom to choose their preferred basket of stocks. All strategies within our Portfolio Management Services are uniquely modeled 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 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

LARGE CAP 14.9% MULTI CAP 14.0%

CAGR since 2012 As on March 2026

12.3% NIFTY 50 TRI 12.3% NIFTY 500

5TX5T 14.1% MID & SMALL CAP 17.0%

CAGR since 2015 As on March 2026

10.8% NIFTY 50 TRI 11.8% BSE 500 TRI

Narnolia PMS Equity Strategies

LARGE CAP

Portfolio Snapshot

Large cap strategy comprises of companies those are leaders in the respective industry in which they operate. 80% weightage in this scheme is to companies those are part of Nifty Large cap 100 Index. This index constituents have high correlation (0.94) with Nifty 50 Index.

Stock StrategyThe sub-strategy consists of 15-25 stocks to provide superior returns. Maximum Weight on any stock will be +7% of its weight in the in Nifty 100 Index

Sector Strategy +/(-) 10% of its weight in Nifty 100 Index

SIP Amt.:Rs. 1,00,000

BenchmarkNIFTY 50 TRI

Time HorizonMin. 3 years

No. of Stocks15-25

Launch Date 28 March 2012

CategoryEquity Concentrated

Value of INR 1Cr invested in March 2012 as on March 2026 (CAGR Returns)

Large Cap INR 7.0 CR @ 14.9% Vs NIFTY 50 TRI INR 5.1 CR @12.3%

Return Profile vis a vis Benchmark

	1 year	3 years	5 years	Since Inception (28th March 2012)
Large Cap	-3.5	13.6	10.4	14.9%
NIFTY 50 TRI	-4	10	10	12.3%

Please Note data as on March 2026, the 1 yr is ABSOLUTE returns 3yr / 5yr /SI Figures are CAGR returns

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Portfolio Snapshot

Mid and Small Cap Strategy as the name suggests comprises of companies that are mostly past of the Nifty Mid-small-cap 400 Index. In the market cycle when the expansion phase occurs these Mid & Small Cap provide higher returns. The strategy combines high quality moat companies with high growth companies

Stock StrategyThe sub-strategy consists of 20-30 stocks to provide superior returns. Maximum Weight on any stock will be +10% of its weight in the in Nifty Mid-Small 400 Index

Sector Strategy +/(-) 15% of its weight in Nifty Mid-Small 400 Index.

SIP Amount Rs 100000

BenchmarkBSE 500 TRI

Time HorizonMin. 7 yrs.

No. of Stocks20-30

Launch Date 4th May 2015

CategoryEquity Concentrated

Value of INR 1Cr invested in May 2015 as on March 2026 (CAGR Returns)

Mid & Small Cap INR 5.5 CR @ 17.0% Vs BSE 500 TRI INR 3.4 CR @ 11.8%

Return Profile vis a vis Benchmark

	1 year	3 years	5 years	Since Inception ( 4th May 2015)
Mid & Small Cap Portfolio	-2.1	18.3	12.8	17.0%
BSE 500 TRI	-3.1	12.9	11.8	11.8%

Please Note data as on March 2026, the 1 yr is ABSOLUTE returns 3yr / 5yr / SI Figures are CAGR returns

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Portfolio Snapshot

Multi cap investing provides the opportunity to take an optimum investment exposure across various market capitalization of Indian listed companies along with diversified industries’ representation inside the investment basket. 80% weightage in this strategy is to companies those that are a part of the Nifty 500 Index.

Stock StrategyThe sub-strategy consists of 20-30 stocks to provide superior returns.Maximum Weight on any stock will be +10% of its weight in the in Nifty 500 Index.

Sector Strategy +/(-) 10% of its weight in Nifty 500 Index

SIP Amount Rs 1,00,000

BenchmarkNifty 50 TRI

Time HorizonMin 5 yrs

No. of Stocks20-30

Launch Date 28 march 2012

CategoryEquity Concentrated

Value of INR1 Cr invested in March 2012 as on March 2026 (CAGR Returns)

Multi Cap INR 6.2 CR @ 14.0% Vs NIFTY 50 TRI INR 5.1 CR @ 12.3%

Return Profile vis a vis Benchmark

	1 year	3 years	5 years	Since Inception (28th March 2012)
Multi Cap Portfolio	-1.5	9.3	8.1	14.0%
NIFTY 50 TRI	-4	10	10	12.3%

Please Note data as on March 2026, the 1 yr is ABSOLUTE returns 3yr / 5yr / SI Figures are CAGR returns

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Portfolio Snapshot

5T X 5T Strategy provides a unique theme-based investing opportunity in the Indian market. As India approaches towards becoming a 5 trillion economy by GDP, the total Market Cap of Indian companies will also set to increase by 11-12% CAGR. Some of the market cap gains will come from new listings but a large part of the gains will come from select themes. This strategy focuses on themes that should form part of India’s next growth engine.

Stock StrategyThe portfolio will consist of 15-20 stocks to provide superior returns. 2-6 stocks from each of the chosen 4-6 Selected Themes.

SIP Amount Rs 1,00,000

BenchmarkNIFTY 50 TRI

Time HorizonMin 3 yrs

No. of Stocks15-20

Launch Date 4th may 2015

CategoryEquity Concentrated

Value of INR 1Cr invested in May 2015 as on March 2026 (CAGR Returns)

5T x 5T INR 4.2 CR @ 14.1% Vs NIFTY 50 TRI INR 3.1 CR @ 10.8%

Return Profile vis a vis Benchmark

	1 year	3 years	5 years	Since Inception ( 4th May 2015)
5TX5T Portfolio	-0.8	11.9	10	14.1%
NIFTY 50 TRI	-4	10	10	10.8%

Please Note data as on March 2026, the 1 yr is ABSOLUTE returns 3yr / 5yr / SI Figures are CAGR returns

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Complain Dashboard - Portfolio Management Services

Data for Every Month Ending - March 2026
Complaints Received From	Pending at the end of last month	Received	Resolved*	Total Pending#	Pending > 3 Months	Avg. Resolution Time ^ (in days)
Directly from Investors	Nil	Nil	NA	NA	NA	NA
SEBI (SCORES)	Nil	Nil	NA	NA	NA	NA
Other Sources (if any)	Nil	Nil	NA	NA	NA	NA
Grand Total	Nil	Nil	NA	NA	NA	NA
"^ 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#
Mar - 26	Nil	Nil	NA	NA
Feb - 26	Nil	Nil	NA	NA
Jan - 26	Nil	Nil	NA	NA
Dec - 25	Nil	Nil	NA	NA
Nov - 25	Nil	Nil	NA	NA
Oct - 25	Nil	Nil	NA	NA
Sept - 25	Nil	Nil	NA	NA
Aug - 25	Nil	Nil	NA	NA
July - 25	Nil	Nil	NA	NA
June - 25	Nil	Nil	NA	NA
May - 25	Nil	Nil	NA	NA
Apr - 25	Nil	Nil	NA	NA
Mar - 25	Nil	Nil	NA	NA
Feb - 25	Nil	Nil	NA	NA
Jan - 25	Nil	Nil	NA	NA
Dec - 24	Nil	Nil	NA	NA
Nov - 24	Nil	Nil	NA	NA
Oct - 24	Nil	Nil	NA	NA
Sept - 24	Nil	Nil	NA	NA
Augt - 24	Nil	Nil	NA	NA
July - 24	Nil	Nil	NA	NA
June - 24	Nil	Nil	NA	NA
May - 24	Nil	Nil	NA	NA
Apr - 24	Nil	Nil	NA	NA
Mar - 24	Nil	Nil	NA	NA
Feb - 24	Nil	Nil	NA	NA
Jan - 24	Nil	Nil	NA	NA
Dec - 23	Nil	Nil	NA	NA
Nov - 23	Nil	Nil	NA	NA
Oct - 23	Nil	Nil	NA	NA
Sep - 23	Nil	Nil	NA	NA
Aug - 23	Nil	Nil	NA	NA
July - 23	Nil	Nil	NA	NA
June - 23	Nil	Nil	NA	NA
May - 23	Nil	Nil	NA	NA
April - 23	Nil	Nil	NA	NA
Mar - 23	Nil	Nil	NA	NA
Feb - 23	Nil	Nil	NA	NA
Jan - 23	Nil	Nil	NA	NA
Dec - 22	Nil	Nil	NA	NA
Nov - 22	Nil	Nil	NA	NA
Oct - 22	Nil	Nil	NA	NA
Sep - 22	Nil	Nil	NA	NA
Aug - 22	Nil	Nil	NA	NA
July - 22	Nil	Nil	NA	NA
Jun - 22	Nil	Nil	NA	NA
May - 22	Nil	Nil	NA	NA
Apr - 22	Nil	Nil	NA	NA
Mar - 22	Nil	Nil	NA	NA
Feb - 22	Nil	Nil	NA	NA
Jan - 22	Nil	Nil	NA	NA
Dec - 21	Nil	Nil	NA	NA
Nov- 21	Nil	Nil	NA	NA
Oct - 21	Nil	Nil	NA	NA
Sep - 21	Nil	Nil	NA	NA
Aug - 21	Nil	Nil	NA	NA
Jul - 21	Nil	Nil	NA	NA
Jun - 21	Nil	Nil	NA	NA
May - 21	Nil	Nil	NA	NA
Apr - 21	Nil	Nil	NA	NA
Grand Total	Nil	Nil	NA	NA

*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	Received	Resolved*	Pending#
2024-25	0	NA	NA
2023-24	0	NA	NA
2022-23	0	NA	NA
2021-22	0	NA	NA
2020-21	1	1	NA
2019-20	2	2	NA
2018-19	0	NA	NA
Grand Total	3	3	NA

Portfolio Management Services (PMS)

About Narnolia PMS

Why Narnolia PMS?

Investment Philosophy

Principle Of Growth In Value

360° Deductive Reasoning Framework

Seeking Linear Consistent Growth

Risk Manager’s Mindset

Narnolia PMS Launched in March 2012

CAGR since 2012 As on March 2026

CAGR since 2015 As on March 2026

Narnolia PMS Equity Strategies

Complain Dashboard - Portfolio Management Services

Trend of Monthly Disposal of Complaints

Trend of Annual Disposal of Complaints

Narnolia Research Directory