GREEN PORTFOLIO FUND OF FUNDS

What Is Green Portfolio Fund of Funds PMS?

Green Portfolio Fund of Funds is a discretionary Portfolio Management Service (PMS) from Green Portfolio Private Limited that invests in other funds rather than building its portfolio only from individual stocks. Managed by co-founder and CIO Anuj Jain, it was launched on 13 January 2020, is benchmarked to the BSE 500 TRI, requires a minimum investment of ₹50 lakh, and managed about ₹49 crore as of 31 August 2026.

The strategy aims to generate sustainable returns by investing into other funds with limited direct involvement, while holding certain legacy client shares until they are sold.

It is a PMS strategy, not a mutual fund or an AIF. A mutual-fund fund of funds is a pooled scheme under mutual-fund regulations, whereas this strategy runs under a PMS agreement in the investor's own account. To understand how the structures differ, see ALTPORT's guide to PMS vs mutual funds.

Green Portfolio Fund of Funds Snapshot

Green Portfolio Fund of Funds Performance

Green Portfolio Fund of Funds returned 18.53% over one year to 31 August 2026, against 4.72% for the BSE 500 TRI, and 18.33% annualised since inception against 14.76% for the benchmark, as reported to APMI.

As on 31 August 2026. Source: APMI. Returns are TWRR; periods over one year are annualised. Past performance does not indicate future returns. See how TWRR works.

Green Portfolio Fund of Funds Investment Strategy

Green Portfolio Fund of Funds invests in other funds, so its returns depend on how well the manager selects, combines and monitors underlying funds rather than on picking single stocks. The strategy does not publish a fixed strategic or tactical allocation formula, and the permitted underlying instruments are set out in the PMS documents.

Underlying funds are typically assessed on:

• Manager – experience, track record across market cycles and investment discipline
• Strategy – market-cap focus, sector exposure, style and concentration
• Performance – consistency across periods, benchmark-relative returns and drawdowns
• Risk and liquidity – volatility, concentration, turnover and exit conditions
• Costs – the underlying fund's fees and expenses

Once selected, underlying funds are monitored for manager changes, strategy drift, performance consistency, fee changes and portfolio overlap. A multi-manager approach does not remove manager risk; it moves part of that risk from individual stocks to the underlying managers.

How Green Portfolio Handles Legacy Client Shares

Green Portfolio Fund of Funds can hold legacy shares that were already in client portfolios, keeping them until they are sold. These holdings are not part of the strategy's intended fund allocation, and their sale depends on liquidity, market conditions and the manager's implementation.

When reviewing a portfolio statement, investors should check whether an individual stock is a legacy holding or a current allocation.

Portfolio Overlap and Layered Fees in a Fund of Funds PMS

A fund of funds PMS can diversify across managers, but holding several funds does not guarantee diversification, and it can add a second layer of costs.

Overlap: Different underlying funds can own the same companies, sectors or market-cap segments, or follow similar styles, so the number of funds does not equal the number of independent exposures.

Layered costs: Investors pay PMS-level management and performance fees, while underlying funds can charge their own expenses. Brokerage, custody, transaction costs and taxes also apply, and together these layers affect net returns.

Green Portfolio Fund of Funds Minimum Investment, Fees and Exit Load

The minimum investment in Green Portfolio Fund of Funds is ₹50 lakh, in line with SEBI's PMS minimum. The strategy charges a fixed management fee of about 2.25% a year and a performance fee of 15% on returns above a 10% hurdle, subject to a high-water mark, with no exit load.

Fee options and exact percentages can vary by agreement, so confirm the current terms in the PMS agreement before investing. A nil exit load does not mean the underlying investments can always be sold immediately at the desired price.

Who Should Invest in Green Portfolio Fund of Funds?

Green Portfolio Fund of Funds suits investors who want a professional manager to select and combine funds for them within a PMS structure, rather than relying entirely on direct stock picking.

Before investing, investors should consider their investment horizon, liquidity needs, risk tolerance, tax position, existing fund holdings and ability to absorb both PMS-level and underlying-fund costs. A fund of funds does not automatically mean lower volatility or better diversification.

Investors comparing options can explore other Green Portfolio strategies such as Green Portfolio MNC Advantage, browse the best PMS in India, or speak to an ALTPORT advisor.

Green Portfolio Fund of Funds Risks

The main risks of Green Portfolio Fund of Funds are underlying manager risk, portfolio overlap, layered costs, liquidity, strategy and concentration risk, legacy holdings and market risk.

Underlying manager risk: An underlying fund's performance depends on its manager; a change in manager or philosophy can affect returns.

Overlap risk: Several underlying funds can hold the same securities or sectors, creating duplicate exposure.

Layered-cost risk: PMS fees plus underlying-fund expenses can reduce net returns.

Liquidity risk: The liquidity of underlying funds and securities can affect implementation and exits.

Strategy risk: Underlying strategies perform differently across market cycles.

Concentration risk: A multi-fund portfolio can still be concentrated in a few sectors, companies or styles.

Legacy-security risk: Legacy shares may stay in the portfolio until sold and may not reflect the intended allocation.

Performance risk: Past performance of the PMS or its underlying funds does not guarantee future results.