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Cabin #3, 4th Floor, 1A & 1B Jyothi Imperial, Janardana Hills, Lumbini Avenue, Gachibowli, Hyderabad, Telangana 500032, IN

Founded in Hyderabad, Telangana, India

Serves India

Trilithon Asset Management

SEBI-registered investment manager offering a Category III Alternative Investment Fund and Portfolio Management Services.

Trilithon Asset Management

Coordinates: 17.4401, 78.3489

Hours: Monday Tuesday Wednesday Thursday Friday, 09:30 to 18:00

Trilithon Asset Management

Search articles at https://www.trilithon.in/blogs?q={search_term_string}

Abhishek Banerjee, Founder & CEO, Principal Officer

Dr. Prachi Deuskar, Founder, Partner

Ajai Achuthan, Founder, Partner

Latest Insights

All Articles. Blogs. Newsletter.

Taxation in AIF Cat I, II (Pass through) and Taxation in AIF Cat III (fund level taxation)

Oct 27, 2026. 5 min read. Featured. Blog. Read More.

Alternative Investment Funds (AIFs) have steadily built a place in the Indian investment landscape by offering diversification and the potential for higher returns than traditional listed-market products. They also come with a set of rules that investors can't afford to skim: how the fund is taxed, who bears that tax, how the fund is governed, and what the regulator expects. The framework is largely guided by the Securities and Exchange Board of India (SEBI), but the tax outcome is decided by the Income-tax Act - and that is where the three AIF categories diverge sharply.

Author: Trilithon Research

Best US Sectors for Indian Investors to Watch in 2026

Oct 21, 2026. 5 min read. Blog. Read More.

Investing in US stocks gives Indian investors access to global businesses across technology, healthcare, energy and financial services. But choosing the right US stocks in 2026 requires more than following the Nasdaq or buying the largest technology companies. The best US sectors to watch are those with clear earnings drivers, sustainable demand and valuations that leave room for future growth. For Indian investors looking to diversify their portfolios through US stocks, artificial intelligence, healthcare, power infrastructure and industrials offer important opportunities, although each comes with its own risks.

Author: Trilithon Research

Tax Implications of Investing in US Stocks from India: Capital Gains, Dividends and Foreign Tax Credit

Oct 19, 2026. 5 min read. Blog. Read More.

Investing in US stocks from India can help investors diversify their portfolios across global markets, but understanding the tax implications is essential before buying foreign shares. The taxation of US stocks in India depends on the holding period, dividend income, residential status and applicable tax rules. Indian investors need to understand US stock capital gains tax, dividend withholding tax, foreign tax credit, and overseas asset reporting requirements to avoid double taxation and comply with Indian income tax regulations.

Author: Trilithon Research

How Private Equity Firms Make Money: Fees, Carried Interest and What Investors Should Know

Oct 19, 2026. 5 min read. Blog. Read More.

The usual explanation of private equity fits in one sentence: buy a company, make it better, sell it for more. That is true, and it leaves out most of the money. A private equity firm actually earns in two ways. One pays every year, whatever happens to the companies it owns. The other pays only when a company is sold for a good price, and sometimes it never pays at all.

Author: Trilithon Research

What Are BSE Only Listed Stocks? Why Some Companies Never List on NSE

Oct 19, 2026. 5 min read. Blog. Read More.

For the roughly 2,300 companies that sit on BSE alone, the choice of venue has consequences that fall on whoever owns the shares. The argument developed here is that a BSE-only listing should be read as a liquidity signal and nothing more. It says little about whether the business is good or bad.

Author: Trilithon Research

Impact Cost Explained: What It Really Costs to Buy or Sell a Thinly Traded Stock

Oct 16, 2026. 5 min read. Blog. Read More.

A stock’s market price does not always reflect the price at which an investor can actually buy or sell it. This difference becomes particularly important when trading thinly traded stocks, where limited liquidity and fewer buyers or sellers can push execution prices away from the expected level. Impact cost measures this difference and helps investors assess the real cost of executing a trade.

Author: Trilithon Research

What is Venture Capital? A Beginner's Guide for Indian Startups

Oct 15, 2026. 5 min read. Blog. Read More.

Venture capital has become the default story of how a startup grows. Funding announcements fill business pages, and founder interviews tend to mention the round before the product. That creates a quiet assumption that raising money is proof of progress. It is not, at least not for most early-stage companies. The more common mistake is raising before the company knows what the money is for.

Author: Trilithon Research

BSE Group A, B, T, Z and X: What the Classifications Mean for Investors

Oct 14, 2026. 5 min read. Blog. Read More.

The Bombay Stock Exchange (BSE) classifies listed securities into different groups based on factors such as market capitalisation, trading activity, compliance status and settlement requirements. Understanding BSE Group A, B, T, Z and X stocks can help investors assess liquidity, identify trading restrictions and recognise potential risks before buying shares.

Author: Trilithon Research

Why Diversify into US Equity? Currency, Correlation, and Growth Benefits

Oct 13, 2026. 5 min read. Blog. Read More.

Indians earn in rupees, spend in rupees, and typically hold most of their wealth in rupee-denominated assets. That arrangement feels secure until you compare it with the dollar. A growing number of investors now put part of their equity allocation into US stocks, and the reasons they give are often narrower than the sales pitch suggests. The case that survives scrutiny rests on currency, not on the promise of American growth.

Author: Trilithon Research

Types of Portfolio Management Services in India and How to Choose One

Oct 8, 2026. 5 min read. Blog. Read More.

Portfolio Management Services (PMS) in India are SEBI-regulated investment services that provide professional management of an investor’s portfolio, with a standard minimum investment of Rs.50 lakh. The different types of PMS can be classified based on investment control, asset classes, investment goals, fund or portfolio strategy, and the type of PMS provider. Investors can choose from discretionary, non-discretionary and advisory services, as well as equity, debt, hybrid and multi-asset PMS strategies. Choosing the right Portfolio Management Service depends on your investment objectives, risk profile, preferred level of control and investment horizon.

Author: Trilithon Research

How Pricing Works in Unlisted Equity (and Why Quotes Differ Across Brokers)

Oct 7, 2026. 5 min read. Blog. Read More.

Pricing unlisted equity can be confusing because, unlike listed shares, there is no live exchange price for investors to reference. The price of unlisted shares is influenced by company valuation, recent transactions, supply and demand, liquidity and broker margins. This is why different brokers can quote different unlisted share prices for the same company. Understanding how unlisted equity pricing works can help investors assess whether a quote is reasonable before buying or selling.

Author: Trilithon Research

How M&A Deals Impact Stock Prices? What Investors Should Watch

Oct 6, 2026. 5 min read. Blog. Read More.

When a company announces a deal, everyone talks about the big plan: growing bigger, saving costs, joining strengths. You can ignore that part at first. The share price on day one shows only two things: how much was paid, and who is running the buyer. In India, the gain usually goes to the company being bought. The cost usually falls on the buyer's shareholders over the next two to three years. So before you buy anything after a deal news, check three things: the price paid, how long the deal will take, and who controls the company.

Author: Trilithon Research

Private Equity vs Hedge Funds: Key Differences Every Investor Should Know

Oct 5, 2026. 5 min read. Blog. Read More.

In India you can't walk into a "private equity fund" or a "hedge fund" as such. You walk into an Alternative Investment Fund, or AIF, and SEBI's category for that fund decides the leverage, the exit rules and, above all, how the government taxes you. For an Indian investor, the PE-versus-hedge-fund debate is really a Category II versus Category III debate, and the tax code settles it earlier than the investment strategy does.

Author: Trilithon Research

How to Pick Long Term Stocks: A Fundamental Analysis Checklist

Oct 1, 2026. 5 min read. Blog. Read More.

Picking a stock for the next five or ten years is less about finding the company with the most exciting story and more about finding a business that can keep converting its advantages into cash. A rising share price can hide weak economics for a while, but it cannot permanently compensate for falling margins, excessive debt, poor capital allocation or a valuation that assumes everything will go right.

Author: Trilithon Research

What Is High Frequency Trading (HFT)? How HFT Works, Explained Simply

Sep 30, 2026. 5 min read. Blog. Read More.

A stock market can move before a human trader has even finished reading the screen. A price changes, an order appears, another order disappears, and within a tiny fraction of a second the opportunity is gone. High-frequency trading, or HFT, exists in this world. It uses algorithms and specialised technology to detect and respond to market changes at speeds that human traders cannot match.

Author: Trilithon Research

Top Mutual Fund Advisors in India: A Complete Guide for Investors

Sep 29, 2026. 5 min read. Blog. Read More.

Searches for “top mutual fund advisors in India” often lead to lists that rank 10 or 20 firms. The problem is that there is no single objective metric that can determine which advisor is best for every investor. An advisor managing a large HNI portfolio may not be the right fit for someone starting a ?10,000 monthly SIP, while a low-cost digital service may suit one investor and a highly personalised advisory relationship may suit another.

Author: Trilithon Research

Direct US Stocks vs US Focused Mutual Funds: Which Is Better for Indians?

Sep 28, 2026. 5 min read. Blog. Read More.

For an Indian investor, getting exposure to the US market is no longer particularly difficult. The harder question is deciding how that exposure should be built. You can buy Microsoft, Amazon or NVIDIA directly through an overseas brokerage account, or you can invest in an Indian mutual fund that holds US stocks on your behalf. On paper, both routes give you access to the same market. In practice, they create very different investing experiences.

Author: Trilithon Research

Venture Capital vs Angel Investment: Key Differences Explained

Sep 25, 2026. 5 min read. Blog. Read More.

The distinction matters because angel investment and venture capital are designed for different moments in a company's life. They solve different problems, expect different evidence, and bring different expectations after investing. Understanding that difference helps founders raise capital at the right stage instead of focusing only on the size of the cheque.

Author: Trilithon Research

How to Find Hidden Multibagger Stocks Before They Become Popular

Sep 24, 2026. 5 min read. Blog. Read More.

Most people looking for the next big stock make the same mistake. They watch financial news, follow what other investors are buying, and end up chasing stocks that have already gone up. By the time a company is being discussed everywhere, the biggest gains are usually behind it, not ahead of it. Finding a stock before it becomes popular means looking in places other people aren't looking yet, and being willing to hold something boring while it quietly grows.

Author: Trilithon Research

State of Family Offices in India 2026: Growth, Numbers, and Outlook

Sep 23, 2026. 5 min read. Blog. Read More.

Every report on Indian family offices this year opens with the same number: forty-five in 2018, somewhere between 300 and 400 now. EY and Julius Baer put it at nearly 300 by 2024. Other industry counts published mid-2026 put the current figure closer to 400, with projections toward 1,000 within a few years. Pick whichever number you like, the growth curve is not in dispute. Assets are expected to grow 1.5 times over the next three years, from roughly INR 70,000 crore in 2024, according to the EY-Julius Baer playbook published in August 2026. India now has more than 19,000 ultra-high-net-worth individuals, a figure expected to cross 25,000 by 2031. None of this is controversial. It's also not the interesting part.

Author: Trilithon Research

US Equity Basket Investing: What It Is and Why HNIs Are Choosing It

Sep 22, 2026. 5 min read. Blog. Read More.

Ask five people what a "US equity basket" is and you'll get five different answers, because the term gets used loosely across at least three different products that behave nothing alike. That looseness is a problem, because the headline claim in most marketing copy, that HNIs are flocking to baskets, is only true for one of those three products, and it's not the one most retail platforms are selling. I want to sort out what a basket actually is, why it genuinely solves a real problem for a specific kind of investor, and why the typical wealthy Indian investor you'd call an HNI is often using something that only looks like a basket from a distance.

Author: Trilithon Research

How to Invest in US Stocks from India: A Complete 2026 Guide

Sep 21, 2026. 5 min read. Blog. Read More.

Investing in US stocks from India is no longer complicated. A resident Indian can legally buy shares listed on the NYSE and Nasdaq through RBI-approved routes under the Liberalised Remittance Scheme (LRS), invest in global companies like Apple, Microsoft, Nvidia, and Amazon, and own US ETFs with relatively small amounts through fractional investing. The challenge is no longer access. It is understanding taxes, currency costs, compliance, and choosing the right investment route.

Author: Trilithon Research

Wealth Manager vs Financial Advisor vs Portfolio Manager in India: What's the Difference?

Sep 21, 2026. 5 min read. Blog. Read More.

The useful way to think about this isn't wealth manager versus financial advisor versus portfolio manager as competing options. It's a structure, with each role serving a distinct purpose and, for most investors, serving it in sequence rather than in isolation. A wealth manager is very often the first and most frequent point of contact. A financial advisor, specifically a SEBI-registered RIA, is the one bound by fiduciary duty when planning and specific recommendations are involved. A portfolio manager enters once capital and complexity cross a certain threshold. Understanding where each one fits, and why, matters more than picking a winner among the three.

Author: Trilithon Research

Wealth Management for NRIs in India: Everything You Need to Know

Sep 21, 2026. 5 min read. Blog. Read More.

Most advice aimed at NRIs starts with the exciting question: which fund, which stock, which city's real estate is about to run. Almost none of it starts with the account an investor is actually using to move money into India in the first place. That ordering is backwards, and it's an expensive mistake.

Author: Trilithon Research

Mutual Fund Advisory vs Direct Investing: Do You Need an Investment Advisor in India?

Sep 21, 2026. 5 min read. Blog. Read More.

If your only problem is choosing a mutual fund, you probably do not need an investment advisor. If your problem is deciding how much to invest, where to invest, when to change your allocation, and how your investments fit your financial goals, professional advice can be worth paying for. The distinction matters because many investors confuse fund selection with investment management.

Author: Trilithon Research

Family Office vs Multi Family Office vs Wealth Management: Key Differences Explained

Sep 18, 2026. 5 min read. Blog. Read More.

India's wealth management industry has changed quickly over the past decade. A growing number of business owners, startup founders, senior executives, and high-income professionals now invest across multiple asset classes instead of relying only on mutual funds or fixed deposits. As portfolios become more diverse, new terms have entered everyday financial conversations: wealth management, family office, and multi family office.

Author: Trilithon Research

How Much Can You Invest in US Equity from India? A discussion beyond LRS Limit

Sep 17, 2026. 5 min read. Blog. Read More.

Most guides to investing in US stocks from India spend a paragraph on the Liberalised Remittance Scheme and then rush toward the part they think is more interesting: which app to use, which wrapper avoids which tax. That gets the order of importance backward. The LRS is not a formality you clear before the real decision starts. It is the real decision. Once you understand what it actually allows, and what it actually costs, the case for buying US shares directly, in your own name, through a normal foreign broker, is stronger than most of these guides let on.

Author: Trilithon Research

5 Signs Your Family’s Wealth Has Outgrown Traditional Wealth Management

Sep 16, 2026. 5 min read. Blog. Read More.

In India, many affluent families hit a tipping point where a broker-led or bank-led “wealth” relationship no longer matches the complexity of their balance sheet, taxes, and family dynamics. If several of the signs below resonate, it usually means you need integrated wealth management.

Author: Trilithon Research

Direct Deals & Co Investments: How Family Offices Are Accessing Private Markets in India

Sep 15, 2026. 5 min read. Blog. Read More.

The pivot toward direct deals and co-investments among Indian family capital is widely framed as a crusade to cut out management fees. That explanation misses the core reality. Indian wealth is moving directly into private markets because standard fund structures have delivered poor cash distributions over the past decade, leaving family patriarchs sitting on paper valuations while waiting years for liquid returns. Direct investing lets these capital allocators trade illiquidity risk for operational control.

Author: Trilithon Research

Best Wealth Managers in India in 2026: How to Choose the Right One

Sep 8, 2026. 5 min read. Blog. Read More.

Wealthy investors repeatedly make the same mistake: assuming that assets under management guarantee aligned advice. In 2026, choosing the right wealth manager is not about finding the firm with the glossiest market research. Most large wealth management franchises in India run on distribution revenue. The core choice is whether you pay to align with your investment goals or losing your gains to hidden commissions.

Author: Trilithon Research

LRS Limit Explained: How Much Can You Invest in US Equity from India?

Sep 7, 2026. 5 min read. Blog. Read More.

Indian investors building global portfolios today are still paralyzing their growth over a tax mechanic they misunderstand. The Liberalised Remittance Scheme (LRS) is not an opaque trap for your capital. It is an underutilized annual allocation allowance that most high-net-worth households ignore out of unnecessary caution.

Author: Trilithon Research

IPO Listing Gains vs Long Term Returns: What the Data Actually Shows

Sep 4, 2026. 5 min read. Blog. Read More.

Millions of traders check their IPO allotment status and monitor the grey market premium (GMP) hoping to snag a quick 20% to 70% return on listing day. But when you apply for shares based purely on high subscription numbers or short-term sentiment, you are taking the opposite side of a trade designed by institutional allocators who plan to leave within twelve months.

Author: Trilithon Research

How to Build a Diversified US Equity Portfolio as an Indian Investor

Sep 3, 2026. 5 min read. Blog. Read More.

Buying US stocks from India has become much easier. The bigger challenge comes after the first purchase. Once you have access to thousands of US-listed companies, it becomes very easy to build a portfolio that looks diversified on the screen but is actually exposed to the same few themes. For an Indian resident investing in US equities, there is another layer to consider.

Author: Trilithon Research

Top Red Flags to Watch Before Choosing a PMS Provider

Sep 2, 2026. 5 min read. Blog. Read More.

Handing Rs. 50 lakh to a Portfolio Management Services provider feels like stepping into institutional-grade wealth management. With high minimum entry limits and promises of tailored stock picking, PMS accounts position themselves as a superior alternative to standard mutual funds. The reality is often far messier. Opaque fee structures, unexpected tax liabilities, and single-manager risks can easily erode your net returns if you fail to audit the fine print.

Author: Trilithon Research

Risks of Investing in US Stocks from India: Currency, Tax and Compliance

Sep 1, 2026. 5 min read. Blog. Read More.

The return you ultimately make in rupees depends on the stock's performance, the USD-INR exchange rate and the taxes and costs associated with the investment. There are also RBI rules for sending money abroad and annual reporting requirements for foreign assets. For Indian investors, these are the main risks of investing in US stocks that deserve attention before making an overseas investment.

Author: Trilithon Research

How to Track and Evaluate Your PMS Portfolio Performance

Aug 31, 2026. 5 min read. Blog. Read More.

Judging your portfolio purely by the total profit figure at the end of the year is a costly mistake. High absolute returns can easily mask excessive risk taking, poor benchmark selection, or heavy fee drag. Evaluating a PMS requires the same analytical rigor that institutional investors apply to fund managers. Here is how to properly track and audit your PMS performance to ensure your capital is truly working for you.

Author: Trilithon Research

How Global Diversification Reduces Portfolio Risk: A Practical Guide

Aug 28, 2026. 5 min read. Blog. Read More.

Global diversification means owning investments across countries, currencies, sectors, and economic cycles—not only Indian assets. Its risk benefit comes from imperfect correlation: markets do not always rise and fall by the same amount at the same time.

Author: Trilithon Research

Best Category III AIF in India: What to Look for in a Top Fund

Aug 27, 2026. 5 min read. Blog. Read More.

Category III Alternative Investment Funds or Cat. III AIFs represent the sharp end of the spear in Indian asset management. With the regulatory freedom to employ complex derivatives, short selling, and leverage, these funds are designed to deliver absolute returns that defy broader market gravity.

Author: Trilithon Research

50 Lakh minimum Investment for PMS in India worth it ?

Aug 26, 2026. 5 min read. Blog. Read More.

Portfolio Management Services (PMS) in India are designed for investors looking for professionally managed, customised investment portfolios. Unlike mutual funds, PMS gives investors direct ownership of the securities in their portfolio and allows the portfolio manager greater flexibility in portfolio construction.

Author: Trilithon Research

Top Portfolio Management Services (PMS) Providers in India

Aug 25, 2026. 5 min read. Blog. Read More.

With more PMS providers entering the market, choosing one has become more complex. Investors today compare investment philosophy, portfolio manager experience, drawdown history, fee structure, reporting standards, and long-term suitability instead of relying only on past returns. The right PMS is not necessarily the one with the highest returns. It is the one that aligns with your financial goals, risk appetite, and investment horizon.

Author: Trilithon Research

Top Performing PMS in India vs Mutual Funds: Return Comparison

Aug 24, 2026. 5 min read. Blog. Read More.

When comparing Portfolio Management Services (PMS) with mutual funds, returns alone do not tell the complete story. Both products are regulated differently, follow different portfolio structures, and have different costs and tax implications. A fair comparison requires looking beyond the headline performance numbers.

Author: Trilithon Research

How PMS Fees Work: Fixed Fee vs Profit Sharing Explained

Aug 21, 2026. 5 min read. Blog. Read More.

Understand High Water Mark, Hurdle Rate, Catch-Up Clause, and which PMS fee model is better for investors. Portfolio Management Services (PMS) have become an increasingly popular investment option for High Net Worth Individuals (HNIs) in India. While most investors spend hours comparing returns, portfolio strategies, and fund managers, one aspect often gets overlooked—the fee structure.

Author: Trilithon Research

Should You Buy IPO Stocks After Listing Instead of Applying? Pros and Cons

Aug 20, 2026. 5 min read. Blog. Read More.

Deciding whether to bid for initial public offering shares at the base offer price or purchase post-listing equity on the secondary market depends on your risk tolerance, long-term portfolio strategy, and allocation goals. While applying offers the best valuation and listing gain potential, high retail subscription rates often result in zero allotment. Conversely, buying IPO shares after listing guarantees ownership but exposes investors to listing day volatility, inflated market premiums, and s

Author: Trilithon Research

How to Invest in AIF in India: A Complete AIF Investment Guide (2026)

Aug 3, 2026. 5 min read. Blog. Read More.

Alternative Investment Funds (AIFs) have emerged as one of the fastest-growing investment avenues in India, offering investors access to opportunities that extend well beyond traditional mutual funds. As of March 2026, India's AIF industry has raised commitments exceeding ?16.9 lakh crore, reflecting the growing appetite among HNIs, family offices, and institutional investors for professionally managed alternative investments.

Author: Trilithon Research

Semiconductor Sector Outlook 2026: Growth Opportunities and Risks for Investors

Aug 3, 2026. 5 min read. Blog. Read More.

India's semiconductor sector is entering a new phase of growth, driven by the India Semiconductor Mission, rising domestic electronics manufacturing, and increasing global demand for chips. As semiconductor stocks and related businesses gain investor attention, understanding the sector's growth drivers, opportunities, and risks has become essential.

Author: Trilithon Research

Is There an AI Bubble? Decoding the Hype, the Cashflow, and the Warning Signs

Jul 28, 2026. 5 min read. Blog. Read More.

It is the multi-trillion-dollar question dominating boardrooms, trading floors, and late-night tech debates: Are we in an AI bubble? Depending on who you ask, generative artificial intelligence is either the fourth industrial revolution unfolding in real time, or the most expensive game of tech musical chairs in history.

Author: Trilithon Research

Can an SME Fund Deliver Multibagger Returns? Category I vs Category III AIFs

Jul 23, 2026. 5 min read. Blog. Read More.

The search for exponential equity returns has increasingly led sophisticated investors away from crowded large cap equities toward India's vibrant SME ecosystem. As early-stage enterprises scale rapidly on platforms like NSE Emerge and BSE SME, the potential for multibagger gains, which are returns that multiply the initial principal several times over, becomes a compelling reality.

Author: Trilithon Research

SME AIF vs SME IPO: What’s the Better Way to Invest in High Growth Companies?

Jul 22, 2026. 5 min read. Blog. Read More.

For high-net-worth investors seeking multi-bagger returns, these high-growth enterprises present a compelling investment thesis. However, capturing this potential requires choosing the right delivery vehicle. Investors face a fundamental strategic decision: Should you invest directly by subscribing to SME IPO, or should you gain indirect exposure through professionally managed SME AIF?

Author: Trilithon Research

Can AIFs Deliver Multibagger Returns? A Realistic Investor’s Guide

Jul 16, 2026. 5 min read. Blog. Read More.

Alternative Investment Funds (AIFs) are often marketed as vehicles capable of delivering multibagger returns through access to unique investment opportunities and sophisticated strategies. However, while some AIFs have generated exceptional gains, consistent multibagger performance is uncommon and comes with significant risks that investors should evaluate carefully.

Author: Trilithon Research

Best Smallcap AIF in India: What to Look for Before You Invest

Jul 13, 2026. 5 min read. Blog. Read More.

A smallcap AIF can be a powerful way to access India’s emerging growth companies, but the real difference lies in the fund manager, portfolio construction, and exit discipline. The best smallcap AIF is not just the one with the highest recent return; it is the one with a repeatable process, strong risk controls, and a structure that fits your liquidity needs.

Author: Trilithon Research

Multibagger Investing: AIF vs Manual Stock Selection Explained

Jul 10, 2026. 5 min read. Blog. Read More.

For modern sophisticated investors, the quest for multibaggers generally splits down two vastly different roads: leveraging a structured Alternative Investment Fund (AIF Category III) or executing manual stock picking. While both paths aim to compound wealth aggressively, their execution models, risk frameworks, and behavioral requirements couldn't be farther apart.

Author: Trilithon Research

SME Market in India: How to Invest in SME (A complete guide)

Jul 9, 2026. 5 min read. Blog. Read More.

Investing in small, growth-focused companies that are raising capital sounds like something out of Shark Tank, right? Well, anyone can invest in such a company with an amount as low as Rs.2 lakh and that's exactly where India's SME exchanges, BSE SME and NSE Emerge, come in. If you're exploring how to invest in SME stocks or SME IPOs in 2026, here's a complete guide to the SME market in India.

Author: Trilithon Research

Best PMS in India: What to Look for in a Top PMS

Jul 7, 2026. 5 min read. Blog. Read More.

In 2026 there are more than 400 PMS providers registered with SEBI now managing assets exceeding Rs. 30 lakh crore. With so many providers claiming market-beating returns, picking the right one isn't easy. With every other PMS manager competing for your attention, the selection process matters more than the marketing.

Author: Trilithon Research

Portfolio drift and Rebalancing: How a PMS can help in taking emotion out of Investment Risk management

Jun 30, 2026. 5 min read. Blog. Read More.

Rebalancing is important because it keeps your portfolio aligned with your original risk level and investment goals. Over time, strong performers can become too large a share of the portfolio, which can quietly increase risk.

Author: Trilithon Research

India Has No AI Play?

Jun 22, 2026. 5 min read. Blog. Read More.

The Same Narrative That Wrongly Predicted India's E-Commerce Failure

Author: Trilithon Research

Free Portfolio Review Checklist: 7 Portfolio Red Flags Every Investor Should Know

May 27, 2026. 5 min read. Blog. Read More.

A portfolio that has delivered decent returns in the past may still be carrying hidden risks, such as overexposure, poor diversification, tax inefficiency, or investments that no longer match your financial goals. Most investors track returns but very few pay attention to portfolio health. That is why periodic portfolio reviews are critical.

Author: Trilithon Research

Taxation Aspects of PMS Investments in India

May 13, 2026. 5 min read. Blog. Read More.

India’s high-net-worth investor community has embraced portfolio management service as a sophisticated alternative to plain-vanilla mutual funds. The appeal is obvious: personalized strategies, direct stock ownership, and access to top portfolio management companies that have delivered market-beating returns. But there is a catch that often surfaces only at year-end the tax bill.

Author: Trilithon Research

Accredited Investors in AIFs: Eligibility, Meaning, and Compliance

Apr 21, 2026. 5 min read. Blog. Read More.

Accredited Investors (AIs) in the context of SEBI’s Alternative Investment Fund (AIF) framework are a special class of sophisticated, high?net?worth investors who satisfy specified financial and experience criteria and are certified by a SEBI?recognized accreditation agency. They are treated as “informed” or “professional?like” investors, allowing them to participate in multiple investment opportunities not accessible to retail investors.

Author: Trilithon Research

Close Ended AIF vs. Open Ended AIFs: Pros, Cons, and Use Cases

Apr 21, 2026. 5 min read. Blog. Read More.

Selecting between close ended AIFs and open ended AIFs depends on multiple factors including your investment timeline, liquidity requirements, risk tolerance, and the nature of assets being invested. Close ended AIFs suit investors with patient capital pursuing long-term value creation in illiquid assets, while open ended AIFs cater to those seeking liquidity and flexibility.

Author: Trilithon Research

What is PMS (Portfolio Management Services) , and How Does PMS Work in india?

Apr 16, 2026. 5 min read. Blog. Read More.

Portfolio Management Services (PMS) is a professional investment service offered by SEBI-registered portfolio managers to high-net-worth individuals (HNIs), institutions, and trusts. Unlike mutual funds, PMS involves managing a dedicated portfolio of securities, i.e., stocks, bonds, derivatives, and other assets tailored specifically to the investor's financial goals, risk appetite, and investment horizon.

Author: Trilithon Research

Invest in PMS Vs. direct equity investment Vs. Mutual fund

Apr 16, 2026. 5 min read. Blog. Read More.

When evaluating PMS fund managers in India, investors often compare Portfolio Management Services (PMS) vs. direct equity investment and mutual funds to find the best fit. Leading PMS fund managers in India offer tailored strategies for high-net-worth individuals (HNIs), but who should invest in PMS? It's ideal for those with ?50 lakh+ investible surplus seeking customised active management and personalised reporting. Hybrid PMS investment has surged in popularity in India, blending equity and d

Author: Trilithon Research

AIF Vs. PMS Which one to choose and why.

Feb 12, 2026. 5 min read. Blog. Read More.

Inherently AIF can be considered as an exclusive access to spaces mutual funds can’t reach. Sophisticated investors know that true diversification in not having money parked in ten different mutual funds which all hold the same 50-100 stocks. True diversification is what sets your portfolio up to stay ahead of the curve with proper risk management. AIFs step in here and provide structured investment in spaces like private equity, SME, derivative strategies etc. where mutual funds can’t operate.

Author: Trilithon Research

Decoding Alternative Investment Funds in India

Nov 28, 2025. 5 min read. Blog. Read More.

Alternative Investment Funds (AIFs) have become a core part of the Indian capital market stack, especially for HNIs, family offices and institutions looking beyond traditional mutual funds and PMS and for people looking for a structured investment scheme in underexplored segments such as listed SME and microcaps.

Author: Trilithon Research

India's SME Market: Navigating Change and Opportunity in 2025

Aug 8, 2025. 5 min read. Blog. Read More.

India’s listed SME (Small and Medium Enterprises) market is in the midst of a remarkable transformation this year. In 2025, the energy that once fueled speculative frenzies has given way to a more stable rhythm, focused on strong business models and quality disclosures. Investors, entrepreneurs, and market participants are finding themselves in a landscape that is both challenging and rewarding.

Author: Trilithon Research

Does market makers impact trading volume in low volitility markets like SME

Jul 21, 2025. 5 min read. Blog. Read More.

A deep dive into the effect of market makers in SME markets

Author: Trilithon Research

The SME Board: The Quiet Revolution Transforming India’s Capital Markets

Jul 15, 2025. 5 min read. Blog. Read More.

While the spotlight continues to shine on unicorn IPOs and large-cap names, a quieter but equally powerful movement is unfolding in the Indian markets. It is happening on the SME Board.

Author: Trilithon Research

What is on the Trilithon insights page?

The page lists expert articles and market analysis from Trilithon investment advisors, covering PMS, Category III AIF, US equity, taxation, and related topics.

Is the blog investment advice?

No. Articles are for information. Investments in securities markets are subject to market risks. Past performance is not indicative of future results. Read all scheme and disclosure documents carefully before investing.

Disclaimer: Investments in securities markets are subject to market risks. Past performance is not indicative of future results. Please read all scheme and disclosure documents carefully before investing. PMS: Trilithon Partners LLP (SEBI Reg. No. INP000009898) is registered under SEBI (Portfolio Managers) Regulations, 2020 with a minimum investment requirement of ₹50 lakh. Category III AIF: Trilithon (SEBI Reg. No. IN/AIF3/25-26/1808) is registered under SEBI (Alternative Investment Funds) Regulations, 2012 with a minimum commitment of ₹1 crore per investor. Category III AIFs are taxed at the fund level. This website is for informational purposes only and does not constitute an offer, solicitation, or investment advice.

TRILITHON. Trilithon is a SEBI-registered investment manager offering a Category III Alternative Investment Fund and Portfolio Management Services for high-net-worth investors across India. Headquartered in Hyderabad, Telangana. SEBI Registered · Category III AIF & PMS. SEBI Registration Number: IN/AIF3/25-26/1808. SEBI Reg. No: INP000009898. LLPIN: ACM-5983. UPI handle: trilithon.sbi@validsbi.

Cabin #3, 4th Floor, 1A & 1B Jyothi Imperial, Janardana Hills, Lumbini Avenue, Gachibowli, Hyderabad, Telangana, India - 500032. Office 10, 4th Floor, Jyothi Imperial, Gachibowli, Hyderabad – 500 032, Telangana, India. Name of Distributor : Lotusdew Securities Private Limited. investor.relations@trilithon.in. © 2026 Trilithon. All rights reserved.

Important Disclaimer: Investment in Alternative Investment Funds and Portfolio Management Services involves substantial risk of loss, including the possible loss of the entire principal invested. Past performance, if any, is not indicative of future results.

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