Green Lantern Capital PMS Review: Growth & Alpha Fund Returns (2026)
Green Lantern Capital PMS is the portfolio management business of Green Lantern Capital LLP, a Mumbai-headquartered, SEBI-registered portfolio manager. As of 31 August 2026, per PMS Bazaar, it reported PMS assets under management of ₹2,052.56 crore across 1,603 clients, offered through 2 investment approaches.
The two strategies, Growth Fund (Small & Mid Cap, launched December 2017) and Alpha Fund (Mid & Large Cap, launched February 2020), both report strong three- and five-year numbers. Below we look at the team, the reported figures and who these strategies may suit.
Green Lantern Capital PMS is the portfolio management business of Green Lantern Capital LLP, a Mumbai-headquartered, SEBI-registered portfolio manager. As of 31 August 2026, per PMS Bazaar, it reported PMS assets under management of ₹2,052.56 crore across 1,603 clients, offered through 2 investment approaches. The two strategies, Growth Fund (Small & Mid Cap, launched December 2017) and Alpha Fund (Mid & Large Cap, launched February 2020), both report strong three- and five-year numbers. Below we look at the team, the reported figures and who these strategies may suit. Quick Facts: Green Lantern Capital PMS Portfolio Manager Green Lantern Capital LLP SEBI Registration No. INP000005829 PMS AUM ₹2,052.56 crore (as on 31 August 2026) Number of Clients 1,603 (as on 31 August 2026) Investment Approaches 2 (Growth Fund, Alpha Fund) Key People Nilesh Doshi (CEO & Managing Partner), Abhishek Bhardwaj (Fund Manager, PMS), Pradeep Gokhale (Fund Manager) Registered Office Mumbai (Goregaon East) Minimum Investment ₹50 lakh (SEBI-mandated minimum for PMS) About Green Lantern Capital Green Lantern Capital describes its aim as creating long-term value through a research-oriented, disciplined approach to investing, supported by a team of investment and risk management specialists. Its stated competence lies in identifying high-quality business franchises, run by exceptional management teams, that can grow faster for longer. CEO and Managing Partner Nilesh Doshi is an IIT Bombay chemical engineer with 30+ years of industry and equity market experience, including stints at Pidilite, Praxair, Float Glass and Edelweiss Financial Services. The firm credits him with a strong stock-picking record. Fund Manager (PMS) Abhishek Bhardwaj, a Chartered Accountant, has over 20 years in equity markets with institutions including CARE Ratings, Reliance Mutual Fund, Monsoon Capital and Heritage Capital, and was Head of Equity at Star Union Dai-ichi Life Insurance, managing an equity AUM of about USD 300 million. Fund Manager Pradeep Gokhale, a CA and CFA, has 25+ years of experience, including four years as Head of Equity at ITI Asset Management and 15 years at Tata Mutual Fund, where he managed large cap, multi cap, thematic and offshore funds. Green Lantern Capital PMS Strategies and Performance Strategy Category 1Y 2Y 3Y 5Y Inception Alpha Fund Mid & Large Cap 15.14% 3.73% 23.23% 23.21% Feb 2020 Growth Fund Small & Mid Cap 13.53% 3.70% 28.65% 30.15% Dec 2017 Returns as of 31 August 2026, TWRR, as reported by the portfolio manager to PMS Bazaar; returns over one year are annualised. Growth Fund Growth Fund is the older strategy, launched in December 2017, in the Small & Mid Cap category. As of 31 August 2026 it reported 13.53% over one year, 3.70% over two years, 28.65% over three years and 30.15% over five years. The strong three- and five-year figures reflect the smaller-company rally that preceded the 2024-26 correction; the much lower two-year figure shows how sharply the cycle turned. Small and mid cap portfolios can be volatile and less liquid. Alpha Fund Alpha Fund, launched in February 2020, is a Mid & Large Cap strategy. It reported 15.14% over one year, 3.73% over two years, 23.23% over three years and 23.21% over five years. With a larger-company tilt, it may suit investors who want exposure to the firm's process with somewhat less small cap risk than Growth Fund. How to Read These Numbers Absolute returns are only half the picture. Under SEBI's December 2022 framework every PMS strategy is mapped to a category benchmark, and its figures mean most when compared with that benchmark and with category peers over the same period; ask for this comparison in the factsheet or Disclosure Document. The 2-year column largely reflects the 2024-26 correction in Indian equities, particularly in mid and small caps, which is why 2-year figures for many equity strategies look muted next to their 1-year and 3-year numbers. Read the columns together, and treat records under three years with caution. TWRR removes the effect of client inflows and outflows, so your actual return depends on entry timing and top-ups or withdrawals. Returns are reported net of fees and expenses as per SEBI norms, but not net of tax, since capital gains are taxed in each client's hands. PMS portfolios are also usually more concentrated than mutual funds, so a few positions can drive results either way. Who Green Lantern Capital PMS May Suit Investors seeking growth-oriented equity exposure through quality businesses with long growth runways Investors comfortable with small and mid cap volatility (Growth Fund) or wanting a mid and large cap tilt (Alpha Fund) Investors who value a senior team with mutual fund and insurance fund management experience Long-term investors with a horizon of five years or more It may not suit conservative investors, those needing debt or multi asset options, or anyone who would be unsettled by a sharp slowdown like the two-year returns of under 4% seen to 31 August 2026. Fees, Minimum Investment and Taxation The minimum investment in Green Lantern Capital PMS is ₹50 lakh, the floor mandated by SEBI for all portfolio management services. It can be funded in cash, by transferring existing listed securities, or a combination of both, subject to the portfolio manager's acceptance of the stocks transferred in. PMS fee structures in India typically fall into three types: a fixed management fee charged as a percentage of assets, a hybrid structure combining a lower fixed fee with a performance fee, and a performance-linked fee charged only on returns above a hurdle rate, usually with a high-water mark. Exit loads may apply in early years. The exact fee schedule is in the Disclosure Document. Unlike a mutual fund, securities in a PMS are held in the investor's own demat account, which gives full visibility of every holding and transaction. The flip side is taxation: each trade in the portfolio is a taxable event in the investor's hands. For listed equity, short-term capital gains are taxed at 20%, and long-term capital gains at 12.5% above the annual exemption of ₹1.25 lakh. For a fuller walkthrough, see our guide on how PMS onboarding, funding, taxation and exit work (/insights/how-pms-works-onboarding-funding-taxation-exit) . Money n Wealth's View Green Lantern's headline numbers are strong: as of 31 August 2026 both strategies reported five-year returns above 23%, and both stayed positive over two years despite the 2024-26 correction. The team combines an industry-experienced founder with two fund managers who have run institutional money. What to watch: the gap between three/five-year returns and the two-year figure is wide, showing how cyclical this style can be. Past rallies in small and mid caps flatter longer-period numbers, so investors should compare against category benchmarks and size their allocation with drawdowns in mind. See India's largest PMS players by AUM (/insights/pms-players-in-india-aum-vintage) for context, or visit our PMS distribution desk (/products/pms) . Frequently Asked Questions Is Green Lantern Capital PMS good? It depends on your goals and risk appetite. As of 31 August 2026 Growth Fund reported 30.15% and Alpha Fund 23.21% over five years, while two-year returns were 3.70% and 3.73%. Compare with benchmarks before deciding. What is the minimum investment in Green Lantern Capital PMS? The minimum is ₹50 lakh, as mandated by SEBI, payable in cash or by transferring existing securities. Which is the best Green Lantern Capital PMS strategy? It depends on your risk appetite. Growth Fund has the longer record (since December 2017) and a small and mid cap focus; Alpha Fund tilts to mid and large caps and launched in February 2020. Who manages Green Lantern Capital PMS? The team includes CEO and Managing Partner Nilesh Doshi and fund managers Abhishek Bhardwaj and Pradeep Gokhale. Is Green Lantern Capital PMS registered with SEBI? Yes. Green Lantern Capital LLP is a SEBI-registered portfolio manager with registration number INP000005829. Disclaimer: This article is for general informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer/solicitation to invest in any security or PMS strategy. Portfolio Management Services are subject to market risks; please read the Disclosure Document and Client Agreement carefully before investing. AUM, client and performance figures cited are as reported by Green Lantern Capital to PMS Bazaar and in other public disclosures as of 31 August 2026, are calculated using the Time-Weighted Rate of Return method, are not verified by SEBI, and individual client returns may vary. Past performance is not indicative of future returns. Strategies, fees and figures may change without notice and should not be construed as a recommendation to buy or sell. Money n Wealth (Predics Fintech Services Pvt Ltd) is an AMFI-registered Mutual Fund Distributor (ARN-121995) and APMI-registered PMS Distributor (APRN-07444); this is not a SEBI-registered investment advisory service. Please consult your financial advisor before making investment decisions.
