The landscape of portfolio management services in India is looking promising with a significant wealth transfer from the older generations to the younger generations occurring at a massive pace. Alongside this, the success of financial institutions and regulators in increasing financial literacy has led to significant shifts in consumer sentiment, resulting in a rise in the demand for PMS providers for appropriate wealth distribution and investment. The growing investor participation, robust economic growth, enhancing performance of equity markets, and rise of family offices in India are some more reasons surging the advancement of this sector.