Trilithon is a SEBI-registered investment manager based in Gachibowli, Hyderabad, Telangana. It offers a Category III Alternative Investment Fund (AIF), three Portfolio Management Services (PMS) strategies and a US Equity option for high-net-worth investors, NRIs, family offices, corporates and trusts.

Is Trilithon SEBI-registered?

Yes. Trilithon is registered with SEBI as a Portfolio Manager (Registration No. INP000009898) and as a Category III Alternative Investment Fund (Registration No. IN/AIF3/25-26/1808). SEBI registration does not guarantee the performance of any product or assure any returns to investors.

What products does Trilithon offer?

Trilithon offers a Category III AIF focused on SME and microcap equities, three PMS strategies (Flexicap, High Conviction and Optimal MF), and a US Equity option.

What is the minimum investment?

The minimum is ₹1 crore for the Trilithon Category III AIF, ₹50 lakh for each PMS strategy and ₹5 lakh for the US Equity option.

What is the difference between PMS and a Category III AIF?

In a PMS you own stocks directly in your own demat account, and the strategy can be tailored to your goals. In a Category III AIF you own units in a pooled fund, and the strategy is set at fund level. See the full AIF vs PMS comparison for more detail.

Who can invest with Trilithon?

Trilithon serves resident HNIs, NRIs, corporates and trusts, and family offices. Eligibility depends on the product and its minimum investment amount.

How do I get started?

Onboarding takes four steps: a discovery call, product fit, KYC and onboarding, and portfolio live. You can book a discovery call at no cost.

Are returns guaranteed?

No. Investments in AIFs and PMS involve substantial risk, including the possible loss of the entire principal invested. Past performance is not indicative of future results. Please read the PPM, Disclosure Document and all scheme-related documents carefully before investing.

SEBI-Registered PMS & AIF
Crafted for Sophisticated Investors

SEBI-registered portfolio manager and Category III AIF manager for HNIs and family offices. Explore our approach, strategies and fees.

Page URL: https://www.trilithon.in/

TRILITHON · SEBI Registered PMS and AIF · Hyderabad, India · investor.relations@trilithon.in

Overview. Category III AIF. PMS Strategies. US Equity. Team. Blogs. Book a Call. Login. SEBI Reg.

TRILITHON offers institutional-quality alternative investing through a Category III AIF and three distinct PMS strategies — each engineered for HNIs seeking real alpha beyond traditional markets.

Trilithon Category III AIF. Minimum entry ₹1 crore. SME & Microcap equity focus. Pooled vehicle. SEBI regulated. Close-Ended Category III AIF structure.

Trilithon Flexicap Strategy. Minimum entry ₹50 lakh. Direct Stocks + ETF + Cash Hedge. Risk-adjusted diversified equity.

High Conviction Strategy. Minimum entry ₹50 lakh. Direct Stocks + Cash Hedge. Concentrated. Long-horizon alpha generation.

Optimal MF Strategy. Minimum entry ₹50 lakh. MF + Equity + InvIT + REIT. Non-Discretionary. Multi-asset diversification.

Category III AIF. AIF Classification. ₹1 crore. AIF Min. Entry. 3 PMS Strategies. ₹50 lakh. PMS Min. Entry. ₹5 lakh. US Equity Min. Entry.

Three Ways to Build Wealth Through PMS

Each strategy is purpose-built for a different investor profile — all backed by professional management and held directly in your demat account.

Trilithon Flexicap Strategy

A diversified equity strategy optimizing risk-adjusted returns through a blend of direct equities and tactical hedging.

Flexicap. Direct Stocks + ETF + Cash Hedge. Min. Entry ₹50 lakh. Strategy Equity. Benchmark S&P BSE 500 TRI. Know More. Subscribe Now.

Trilithon High Conviction Strategy

Concentrated exposure to high-quality businesses with a long-term horizon, targeting significant alpha generation.

High Conviction. Direct Stocks + Cash Hedge. Min. Entry ₹50 lakh. Strategy Direct Listed Equity. Benchmark S&P BSE 500 TRI.

Optimal MF Strategy

Optimal MF. Non-Discretionary. Direct MF + Equity + InvIT + REIT. [Non-Discretionary] Multi-asset diversification combining top-tier mutual funds with yields from InvITs and REITs. Min. Entry ₹50 lakh. Strategy Multi-Asset. Benchmark S&P BSE 500 TRI.

Category III AIF — Beyond PMS

Alternative Investment Fund. For sophisticated investors ready to take the next step into institutional-quality alternative investing.

Trilithon
Category III AIF

SME & Microcap Equity Strategy. An Close-Ended Category III Alternative Investment Fund investing in high-growth SME and microcap businesses listed on Indian exchanges. A pooled vehicle offering exposure to opportunities beyond the reach of mutual funds and PMS.

Min. Investment ₹1 crore. Category SEBI Category III AIF. Structure Close-Ended. Focus SME / Microcap. Inception September 2025. Location Hyderabad. Explore AIF.

Why Category III AIF?

Access to SME & Microcap Alpha

Invest in high-growth businesses that mutual funds and large PMS managers are too big to access effectively.

Complex, Uncorrelated Strategies

Category III AIFs can employ derivatives, leverage, and diverse trading strategies — generating returns uncorrelated to Nifty.

Institutional Deal Flow

Access pre-IPO, anchor, and QIB opportunities in the SME space — not available to retail or standard PMS investors.

SEBI Oversight

Governed under SEBI AIF Regulations 2012. Audited financials, mandatory disclosures, and investor reporting.

Category I VC / Social / Infra. Category II PE / Debt Funds. Category III TRILITHON.

From First Call to First Investment

Discovery Call

Share your goals, risk appetite, and existing portfolio. We listen carefully before making any recommendation.

Product Fit

We identify the right vehicle — AIF, PMS strategy, or a combination — based on your ticket size and objectives.

KYC & Onboarding

Seamless SEBI-compliant documentation. Demat linkage for PMS. PPM review for AIF. Fully digital where possible.

Portfolio Live

Funds deployed per your mandate. Monthly factsheets, quarterly reviews, and direct access to your portfolio manager.

AIF vs PMS — Choose Your Structure

Side by Side. Both are SEBI-regulated and designed for HNIs. The right choice depends on your ticket size, liquidity needs, and investment horizon.

Structure. Pooled — you own fund units. Individual — you own stocks in your demat.

Customisation. Fund-level strategy, not personalised. Tailored to your risk & return goals.

Strategies Available. 1 — SME & Microcap Equity. 3 — Flexicap, High Conviction, Optimal MF.

Liquidity. Close-Ended (subject to scheme terms). Higher — notice period applies.

Taxation. At fund level — STCG / LTCG (long-only equity). At investor level — STCG / LTCG.

Transparency. NAV & portfolio disclosures periodically. Full real-time visibility in your demat.

Best For. SME/Microcap exposure, institutional strategies. Personalised equity, multi-asset diversification.

Designed for Sophisticated Investors

Resident HNIs

Individuals with ₹50 lakh surplus (PMS) or ₹1 crore (AIF) seeking professional wealth management beyond mutual funds.

NRIs

Non-resident Indians seeking SEBI-regulated, transparent India equity exposure — managed by experts, not self-directed.

Corporates & Trusts

Institutions, family trusts, and companies with surplus capital seeking structured, governed investment mandates.

Family Offices

Multi-generational wealth structures seeking diversified exposure across both PMS and AIF vehicles.

Seasoned Professionals, Proven Track Records

The Trilithon Team. Our founding team combines deep buy-side research, global fund management, and academic rigor — built to serve HNI investors with conviction and discipline.

Abhishek Banerjee

Founder & CEO, Principal Officer

Over 15 years in Fund Management. Computer Science Engineer, MBA (Duke), CAIA. Former fund manager managing $8B at a $200B sovereign pension fund. Started at Goldman Sachs (NNIP) and worked at Franklin Templeton.

Chartered Alternative Investment Analyst, MBA Duke University, CS Engineer

Dr. Prachi Deuskar

Founder, Partner

Over 20 years in finance research. Former ISB faculty. Chartered Accountant (AIR 1), IIM Bangalore Gold Medalist, PhD from NYU-Stern. Published in top global academic journals on trading strategies.

PhD NYU-Stern, MBA IIM Bangalore, CA (AIR 1)

Ajai Achuthan

Founder, Partner

Over 20 years in investment banking and regulatory practice. CA, LLB, and CPA. Former Partner at Bharucha & Partners. Specialist in securities law and fund structures with deep financial management expertise.

Chartered Accountant, LLB, CPA

Latest from Our Research Desk

Investment Insights. Fresh perspectives on markets, portfolio strategy, and wealth management — always the newest articles first.

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

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.

Best US Sectors for Indian Investors to Watch in 2026

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.

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

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.

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

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.

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

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.

Ready to Invest with Conviction?

Schedule a free discovery call. We'll recommend the right product for your goals — zero obligation. Schedule a Call. Open IB Account. Email Us. investor.relations@trilithon.in

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. SEBI has not verified the accuracy or adequacy of the contents of this website. Terms and Conditions and Privacy Policy of the website are applicable. To lodge a complaint on Smart ODR Portal, visit https://smartodr.in/login. SEBI Master Circular for Portfolio Managers.

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.

Useful

PMS. Grievance Redressal. Terms & Conditions. Investor Charter. PMS in India. PMS Guide. FAQs. SEBI Compliance. Disclosure Document. Accredited Investor Framework. Fees. SEBI Master Circular. FAQ on Adoption of Standardized, Validated and Exclusive UPI IDs for Payment. IAAP – Grievance Redressal & Nodal Officer details. SEBI Reg. No: INP000009898. LLPIN: ACM-5983. UPI handle: trilithon.sbi@validsbi. UPI QR. SEBI Registered UPI QR for the Firm.

Contact. AIF. Cabin #3, 4th Floor, 1A & 1B Jyothi Imperial, Janardana Hills, Lumbini Avenue, Gachibowli, Hyderabad, Telangana, India - 500032. PMS. Office 10, 4th Floor, Jyothi Imperial, Gachibowli, Hyderabad – 500 032, Telangana, India. Distributor Details. Name of Distributor : Lotusdew Securities Private Limited. Enrollment Date : 06/05/2026. APRN Code : APRN08995. investor.relations@trilithon.in. www.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. Category III AIFs do not have pass-through tax status. Past performance, if any, is not indicative of future results. Nothing on this page constitutes investment advice, an offer to sell, or a solicitation to buy any securities. Prospective investors must read all scheme-related documents carefully before investing.

SEBI-Registered PMS & AIF Crafted for Sophisticated Investors