Neosurge Wealth · Domestic Investment Solutions
Portfolio Management Services, Alternative Investment Funds and corporate liquidity solutions for resident individuals, HNIs, family offices and corporates.
We help you understand which structure fits your capital, your horizon and your tax position — then coordinate the evaluation, onboarding and ongoing reporting.
Investments are subject to market risks and investor eligibility. Minimum investment thresholds are set by SEBI regulations and by each individual scheme.
Who This Is For
Investors with meaningful investable surplus seeking concentrated, professionally managed exposure beyond standard mutual fund routes.
Multi-generational capital requiring strategy diversification, direct ownership visibility and consolidated reporting across managers.
Treasury and working-capital surplus that needs liquidity, governance and daily visibility rather than idle current-account balances.
Everyday savers looking for a better home for idle cash than a savings account, through regulated liquid funds.
Eligibility for any structure depends on investor classification, entity documentation, applicable regulations and the terms of the individual scheme. Suitability must be assessed case by case.
Portfolio Management Services
In a PMS, securities are bought and held in your own demat account, in your own name. You own the shares directly — not units in a pooled vehicle. A SEBI-registered portfolio manager runs the strategy on your behalf, and you see every holding and every transaction.
Consider Carefully
The ₹50 lakh minimum is set under the SEBI (Portfolio Managers) Regulations, 2020. SEBI’s accredited-investor framework provides relaxations from this threshold for investors who qualify. Eligibility and terms are scheme-specific.
Alternative Investment Funds
AIFs are privately pooled investment vehicles registered with SEBI under the SEBI (AIF) Regulations, 2012. They access private markets, unlisted companies, private credit and complex listed strategies — exposures that are structurally unavailable through a mutual fund.
Regulation 3(4)(a)
Funds investing in start-ups, early-stage ventures, social ventures, SMEs and infrastructure — sectors the regulator considers economically or socially desirable.
Regulation 3(4)(b)
Funds that fall outside Category I and III and do not employ leverage other than for day-to-day operations. The largest AIF category by capital.
Regulation 3(4)(c)
Funds employing diverse or complex trading strategies, which may use leverage including through listed or unlisted derivatives.
Category III does not mean high leverage by default — many Category III funds run unlevered, long-only listed equity strategies.
SEBI introduced accredited-investor-only AIF structures and revised the angel fund framework during 2025, which change minimum commitment requirements for qualifying investors. Current thresholds should be confirmed against the AIF Regulations and the scheme’s own documentation.
The Comparison
Four routes into the same markets, with genuinely different structures. The right one depends on the size of your capital, the horizon you can commit to and the level of involvement you want.
This comparison is general structural information, not a recommendation. It is not investment, legal or tax advice. Terms, costs, liquidity and eligibility are scheme-specific and set out in each scheme’s own documentation, and regulations may change over time.
Taxation
Tax is one of the real structural differences between these routes — but it is also the area where the most inaccurate claims circulate. Here is the position as we understand it.
Because you own the securities directly, every purchase and sale the manager makes is a transaction in your name. Gains are capital gains in your hands at your applicable rates, and you report them in your own return. Your portfolio manager provides audited statements to support this. The practical consequence: an actively traded PMS realises gains that a mutual fund would not have realised for you, so the tax drag can be higher.
These categories generally carry pass-through treatment, meaning income other than business income is taxed in your hands as though you had made the underlying investments directly, preserving its character — capital gains remain capital gains, interest remains interest. Business income is an exception and is taxed at the fund level. Tax is typically withheld at source on income credited to resident investors; that withholding is not a final tax, and investors in higher brackets should expect to settle the difference through advance tax.
Category III AIFs are generally taxed at the fund level rather than as a pass-through. The practical effect for you is administrative simplicity: distributions typically reach you on a post-tax basis, and you generally do not pay further tax on that distributed income or report it transaction by transaction.
Important
This is not the same as the income being exempt from tax. The tax has already been borne by the fund. Because it is settled at fund level, your personal exemptions — including the annual long-term capital gains exemption — do not apply against it, and you cannot set off your own capital losses against it. Depending on the fund’s structure and the character of its income, the effective rate can be higher than you would face holding the same assets directly. Separately, redeeming or transferring your units can itself give rise to capital gains in your hands.
Indian tax law changed materially in this area: the Income-tax Act, 2025 replaced the Income-tax Act, 1961 with effect from 1 April 2026, renumbering the relevant provisions, and capital gains rates and holding periods were revised in 2024. Tax outcomes for AIFs in particular are structure-specific and fact-specific, and depend on how the fund is constituted and on the character of its income. Nothing on this page is tax advice. Please obtain independent advice from a qualified tax professional before investing.
For Corporates
Current accounts pay nothing. For a private limited company carrying working-capital surplus, the question is not whether to deploy it but how to do so with the right liquidity, the right governance and same-day visibility. This is typically relevant from around ₹10 crore of deployable surplus, though the principles apply at any scale.
Cash collected but not yet deployed, sitting between collection and spend.
Invoice proceeds arriving ahead of the obligations they fund.
Predictable monthly outflows that must be certain and available on a fixed date.
Amounts set aside ahead of quarterly due dates.
Money that may be needed within a week. Invest in one-day instruments. Typically no exit load.
A horizon of roughly one week to three months. Invest in money market instruments of up to 91 days residual maturity. A graded exit load applies to redemptions within seven days.
Three to six months, where the treasury policy tolerates modest duration and credit risk in exchange for yield.
Under the Companies Act, 2013, the power to invest company funds is exercisable by the board at a board meeting, and investment in securities of other bodies corporate is subject to limits above which shareholder approval is required. Treasury deployment should sit under a written, board-approved investment policy setting permitted instruments, credit quality floors, concentration limits by counterparty and by asset manager, and tenure bands. Companies should confirm the application of Sections 179(3)(e) and 186 of the Companies Act, 2013 with their company secretary.
Since the amendments effective April 2023, debt-oriented mutual funds no longer offer a holding-period tax advantage for corporate investors; gains are treated as short term regardless of how long units are held and taxed at the company’s applicable rate. The case for using these funds over a fixed deposit rests on liquidity, the absence of premature-withdrawal penalties and daily valuation — not on tax efficiency. Liquid funds are low risk but not risk free: they are not capital-protected, carry no deposit insurance, and their net asset value can fall. Corporate tax treatment should be confirmed with your chartered accountant.
For Retail Investors
Not every investor is writing a ₹50 lakh cheque. For everyday savers, the same logic applies at a different scale — money sitting in a savings account is money doing very little. Mino Money is our retail platform for parking idle cash in regulated liquid mutual funds, starting from ₹100, with no lock-in.
Mino Money is a separate platform operated under its own regulatory registration as a mutual fund distributor. Liquid funds are mutual fund products subject to market risk. They are not bank deposits, are not capital protected and carry no deposit insurance. Instant redemption facilities are subject to SEBI limits, are available only to resident individual investors and do not apply to corporate investors. Please read all scheme-related documents carefully before investing.
Our Role
01
Investable surplus, horizon, liquidity needs, existing exposure, entity structure and tax position.
02
Whether PMS, AIF, mutual funds, direct holdings or a combination genuinely fits, and where each does not.
03
Compare managers and schemes on strategy, terms, fees and risk factors; coordinate documentation, KYC and account opening.
04
Consolidated reporting across managers and structures, with periodic reviews as your position and the regulations change.
We help you evaluate and coordinate. We do not provide legal, tax or regulated investment advice, and we do not manage your money directly.
Our role is limited to information, structure comparison, coordination, onboarding support and reporting. Regulated investment, legal and tax advice is provided separately by appropriately qualified professionals where required. Services are subject to investor eligibility and applicable regulations.
Contact
Tell us about your capital, your horizon and what you are trying to achieve. We will help you understand which structures are relevant.
Questions
SEBI sets a minimum of ₹50 lakh per client under the SEBI (Portfolio Managers) Regulations, 2020. SEBI's accredited-investor framework provides relaxations for investors who meet the qualifying criteria. Individual portfolio managers may set higher minimums for particular strategies.
₹1 crore per investor under the AIF Regulations, reduced to ₹25 lakh for employees or directors of the AIF or its manager. SEBI introduced accredited-investor-only structures during 2025 with relaxed commitment requirements. Individual schemes may set higher minimums.
In a PMS the securities are held in your own demat account in your own name, portfolios are typically concentrated without the diversification caps mutual funds observe, and every transaction is a taxable event in your hands. A mutual fund gives you units in a pooled scheme, tighter regulatory constraints on concentration, lower costs and no tax consequence from the scheme's own portfolio churn.
An AIF pools capital from multiple investors into a fund and issues you units; a PMS holds securities directly in your name. AIFs can access private markets, unlisted companies and complex strategies a PMS generally cannot, but Category I and II funds are close-ended with multi-year lock-ins, and capital is committed and drawn down over time rather than invested at once.
Category I invests in start-ups, SMEs, infrastructure and social ventures. Category II covers private equity, private credit, real estate and fund-of-funds — everything not in Category I or III, without investment leverage. Category III employs diverse or complex trading strategies and may use leverage. Categories I and II are close-ended with a minimum three-year tenure; Category III may be open-ended.
Category III AIFs are generally taxed at the fund level, so distributions typically reach you post-tax and you generally do not pay further tax on that distributed income. This is not the same as the income being exempt from tax — the tax has been borne by the fund, your personal exemptions and loss set-offs do not apply against it, and redeeming your units can itself give rise to capital gains. Tax treatment is structure-specific; please take independent tax advice.
No. Neither is capital protected and neither carries any assurance of return. Both invest in market instruments and the value of your investment can fall.
Corporates, LLPs and trusts may be eligible for PMS and AIF subject to entity documentation and the scheme's own terms. For short-horizon treasury surplus, mutual fund routes are more commonly appropriate than PMS or AIF. Board approval and the company's investment policy apply.
A board-approved investment policy, the applicable provisions of the Companies Act on investment powers and limits, permitted instruments and credit quality, concentration limits, the horizon over which the money is genuinely not needed, and confirmation of tax treatment with the company's chartered accountant.
No. We help you evaluate structures and coordinate the process, working alongside your own chartered accountant, tax adviser and legal counsel where required.
These answers are general information only and are not investment, legal or tax advice. Eligibility, minimums, terms and tax treatment depend on investor classification, entity type, the individual scheme and applicable regulations, and may change over time.
Understand which route fits your capital and your horizon — and where each one does not.