GREEN PORTFOLIO SPECIAL FUND

What Is Green Portfolio Special Fund PMS?

Green Portfolio Special Fund is an equity Portfolio Management Service (PMS) from Green Portfolio Private Limited that follows a Growth at a Reasonable Price (GARP) approach with a strong bias towards small- and mid-cap companies. Launched on 12 July 2018 and managed by co-founder and CIO Anuj Jain, it is benchmarked to the BSE 500 TRI, requires a minimum investment of ₹50 lakh, and managed ₹370.44 crore as of 31 August 2026.

GARP looks for companies that can grow their earnings and business over time without paying an excessive valuation for that growth. It balances three elements:

• Growth: businesses with attractive growth prospects
• Value discipline: avoiding excessive prices for expected growth
• Fundamental research: evaluating the underlying business rather than relying on market momentum

Green Portfolio describes the portfolio as flexi-cap but with a strong, consistent tilt to small and mid caps, so it should not be treated as a diversified large-cap strategy.

Green Portfolio Special Fund Snapshot

Green Portfolio Special Fund Performance

Green Portfolio Special Fund returned 21.44% over one year to 31 August 2026, against 4.72% for the BSE 500 TRI, and 22.99% annualised since inception against 13.06% for the benchmark, as reported to APMI.

As on 31 August 2026. Source: APMI. Returns are TWRR; periods over one year are annualised. Individual investor returns can differ because PMS portfolios are held at account level and entry points differ. Past performance does not indicate future returns. See how PMS performance is measured.

Green Portfolio Special Fund Investment Strategy: GARP

Green Portfolio Special Fund invests in businesses where growth potential and valuation are reasonably aligned, giving weight to corporate governance, growth prospects, industry dynamics, company fundamentals, valuations and promoter integrity. Its research also covers marketing strategy, R&D spending, product capabilities, the competitive environment and stakeholder feedback.

This matters most in smaller companies, where fast reported growth does not by itself make a stock attractive; a company can grow quickly and still be too expensive. The strategy therefore looks for:

• Business and earnings growth potential
• Reasonable entry valuations
• Promoter and management quality
• Structural industry opportunities
• Financial strength
• Corporate governance
• Product and competitive advantages
• R&D and innovation capability

The strategy is meant for the long term: Green Portfolio suggests it for investors whose goals do not require withdrawals within the next three years.

How Green Portfolio Special Fund Selects Small- and Mid-Cap Stocks

Green Portfolio Special Fund mainly invests in small- and mid-cap companies with strong parentage, robust business models and high growth potential, judged on governance, business quality, financial strength and valuation.

Corporate governance and promoter integrity: In smaller companies, promoter quality strongly shapes long-term outcomes, so the research looks at who runs the business, how capital is allocated and how minority shareholders are treated.

Business quality and growth prospects: The business model, industry dynamics, competition, product capabilities, R&D, marketing strategy and stakeholder feedback are all assessed.

Financial strength: Revenue and earnings growth are weighed against profitability, balance-sheet strength, cash generation and the durability of the business model.

Valuation discipline: GARP does not mean buying every fast-growing company; the strategy looks for businesses whose growth is not fully reflected in the price.

Green Portfolio Special Fund Portfolio Construction and Exits

Green Portfolio Special Fund is a flexi-cap portfolio with a strong small- and mid-cap bias, built through bottom-up research and high-conviction stock selection, with each investor's portfolio maintained in their own account.

Allocation depends on whether suitable entry points are available at the time of investment, so two investors who join at different times may not hold identical portfolios. Stocks are selected after extensive research and due diligence, then monitored continuously through management discussions and on-ground research.

A stock may be sold when the original investment thesis weakens, the valuation becomes unattractive, business prospects deteriorate or a better risk-reward opportunity appears. No exit rule guarantees selling at a particular price.

Green Portfolio Special Fund Minimum Investment, Fees, Exit Load and Taxation

The minimum investment in Green Portfolio Special Fund is ₹50 lakh, in line with SEBI's PMS minimum. Investors can choose a fixed fee of 2.25% a year on AUM, or a performance-linked option of a 1.25% fixed fee plus 15% of returns above a 10% hurdle, with a high-water mark. Green Portfolio charges no upfront fee, entry load or exit load. Confirm the final terms in the PMS agreement.

Taxation: PMS tax depends on the securities, holding period, realised gains, dividends and the investor's tax status, because shares are held in the investor's own account; mutual-fund tax rules do not apply. See ALTPORT's guide to PMS taxation.

Who Should Invest in Green Portfolio Special Fund?

Green Portfolio Special Fund suits investors who can meet the ₹50 lakh minimum, have a long investment horizon and prefer a research-driven GARP approach, and who can also:

• Tolerate significant equity-market volatility
• Accept meaningful small- and mid-cap exposure
• Understand concentration and liquidity risks

It is not a short-term product and does not assure wealth creation. Investors comparing options can look at other Green Portfolio strategies such as Green Portfolio Dividend Yield Fund, browse the best PMS in India, or speak to an ALTPORT advisor.

Green Portfolio Special Fund Risks

The main risks of Green Portfolio Special Fund are small- and mid-cap volatility, liquidity, concentration, valuation, business, governance and equity-market risk.

Small- and mid-cap volatility: These stocks can fall more sharply than large caps during market stress.

Liquidity risk: Lower trading volumes can make it harder to buy or sell large positions at the desired price.

Concentration risk: A high-conviction portfolio can have large exposure to individual stocks or sectors, so one weak holding can hurt performance.

Valuation risk: A strong company can still deliver poor returns if bought at too high a price.

Business risk: Smaller companies may have shorter track records, more competition and greater dependence on promoters and key managers.

Governance risk: A decline in governance or promoter integrity can undermine an investment thesis.

Market risk: Equity markets can fall on economic, interest-rate, geopolitical or company-specific news.

Green Portfolio's due diligence, monitoring, management discussions and on-ground research help manage these risks but cannot eliminate them.