Managed portfolios, consultative family-office advice and independent investment research through distinct service entities.
Multi-Act combines portfolio management, investment advice and independent research for family offices, wealthy investors and institutional investment managers. Its origins were in research for a single family office, but the published company history expressly describes the later expansion to outside-client mandates. The useful question is which service, entity and portfolio a family is engaging.
The Moats & Special Situations Portfolio, or MSSP, is a large- and mid-cap long-only equity strategy launched in January 2011. It looks for durable competitive advantages and fair or discounted valuations, alongside selected cost-leadership or deeply discounted special situations. The page says the strategy can hold cash when valuations leave too few opportunities. That is a risk-management approach, not capital protection or guaranteed outperformance.
All Seasons Portfolio, launched in July 2015, is a defensive multi-asset strategy. Its described framework divides the portfolio into thirds: quality equities; cash, gold-related securities and natural-resource equities; and fixed income/equivalents, including utility equities as a proxy. That is a company-described allocation approach; a utility equity is not legally a fixed-income security, and a defensive objective does not remove loss or liquidity risk.
The published strategy tables provide specific comparison points:
| Published parameter | MSSP | All Seasons |
|---|---|---|
| Minimum investment | ₹1.5 crore | ₹10 crore |
| Performance fee / hurdle | 25% / 13% | Both shown as not applicable |
| Portfolio indication | About 25 stocks; 39-month horizon | Multi-asset |
| Stated maximum weights | 15% stock; 30% sector | 10% stock; 30% sector |
Those are undated page disclosures, not a complete current contract. Confirm applicability, concentration limits, fee calculation, high-water marks, crystallisation, base management fees, expenses, taxes and exit terms. The page's separately displayed strategy AUM figures—approximately ₹742 crore for MSSP and ₹145 crore for All Seasons—lack a clear measurement date and should not be added into a purported current group AUM. A performance fee marked not applicable does not mean the whole service is free.
Investment advice is a separate consultative service covering asset allocation and policy guidelines, macro reports, portfolio diagnostics and mutual-fund portfolio analytics, with other assets such as AIFs, REITs, InvITs and private markets in scope. Research services for investment managers include earnings-quality and governance work, company coverage, portfolio diagnostics, analyst access and bespoke requests. The research page's 300-plus companies and more than 30 in-house analysts are undated company service-capacity claims, not a verified current firmwide payroll.
Multi-Act's Global Rational Analysis Framework, GRAF, combines fundamental valuation, technical analysis, quantitative methods and behavioural analysis. The stated aim is to organise decisions and reduce behavioural errors. Its mutual-fund analytics examine portfolio quality, balance-sheet and valuation risk and momentum rather than relying only on trailing returns.
The advisory page identifies TradingView as its chart provider. The IT leader's biography also describes an internal project called MARKAS. These establish charting and internal analytical work, not a separately sold family-office accounting system, automated consolidation of every outside account or a verified execution/custody integration. Actual deliverables and reporting scope belong in the chosen mandate.
The company dates the group to 1997 and records outside equity-advisory work from 2009 and PMS activity from 2011. Partner companies Multi-Act EquiGlobe and Multi-Act Private Equity Investment Trust provide additional global/private-equity context; they should not be treated as one legal account provider. The site's claim that more than half of advised and managed assets belong to shareholders is undated and does not turn its explicitly offered external services into a private-only office.
The team separates responsibilities: founder and non-executive chairman Prashant K. Trivedi; Rohan Samant, principal officer and CIO of Multi-Act Equity Consultancy; Vikas Biyani, Head of Advisory; quantitative portfolio managers Aniruddha Meher and Jyoti Mhaske; Head of Research Prannoy Bhargava; and business-development leader Abhijit Kargirwar. A shared brand does not make every role a directorship or officer appointment in every group entity.
The advisory disclosure names Multi-Act Trade and Investments Private Limited, non-individual adviser INA000008589 and BSE enlistment 1398. The complaints page separately gives PMS registration INP000002965 and AIF registration IN/AIF/2/17-18/0367. The general About page uses a different prefix for the advisory number; the service-specific advisory and complaints disclosures agree on INA000008589. These are company disclosures, not an independent register/certificate audit or performance endorsement.
The outside-client audience is expressly family offices, HNIs/UHNIs, corporate treasuries, institutional investors and wealth managers. A family may use an actual managed portfolio, retain advice while keeping other managers or purchase research and diagnostics. The deliverables, investment authority, asset coverage and fees differ by route.
The advisory page describes a flat-fee structure, while the About page describes a fixed-percentage model and says it does not receive commissions or referral consideration for that service. No numerical advisory/research rate or one definitive calculation base is established. That wording should not be applied to the separate PMS performance-fee table or a private-equity vehicle.
The published RIA cancellation policy requires written notice at least 30 days before the end of a calendar quarter, effective at that quarter-end. It says fees for the remaining unexpired period are refunded within 15 working days after quarter-end, with no refund for the quarter in which notice arrives. It also describes pro-rata refunds following cancellation of its SEBI registration or a registration suspension beyond 60 days. These are service-specific published policy terms; confirm the current signed agreement rather than applying them to every PMS or fund.
The advisory disclosure gives Ground Floor, ICC Chambers I, Saki Vihar Road, Powai, Mumbai 400072, Maharashtra, and principal officer Vikas Biyani at vikas.biyani@multi-act.com and 020-2615 3738. This is the published RIA office/contact, not a verified headquarters designation for every group company.
For PMS servicing, the complaint route is mapmsdesk@multi-act.com or +91 22 6140 8989. The published procedure calls for acknowledgement within two working days and an action-taken report within 21 calendar days. Unsatisfied clients may escalate to compliance officer Sekar Iyer and then principal officer Rohan Samant; the page also provides separate advisory/AIF contacts, SCORES and SMART ODR. An action-taken response is not a guaranteed satisfactory resolution, and the website's zero-complaint tables are company-reported counts rather than an independent service-quality rating.
Yes. Its current service pages explicitly describe outside family-office and institutional advisory, research and portfolio-management offerings, alongside its own shareholders' investment context.
No. The MSSP page lists ₹1.5 crore; the All Seasons page lists ₹10 crore. Confirm current strategy eligibility rather than using either as a universal firm minimum.
No. That table marks the performance fee and hurdle not applicable; it does not establish the absence of management fees, expenses or taxes.
The site describes separate consultative advisory and research services. Agree the entity, deliverables, authority and pricing for that route.
The published quarter-end notice and refund provisions concern the RIA agreement. A PMS or fund needs its own applicable agreement and exit terms.
history and outside-client scope; research deliverables; advisory, legal and cancellation policy; MSSP parameters; All Seasons parameters; team and responsibilities; complaints routes and procedures. Reviewed November 2026.
Strengths. Explicit outside-family and institutional service routes; Concrete product-specific parameters and differentiated strategies; Named investment, advisory, quantitative and research responsibilities; Detailed research/diagnostic deliverables and RIA exit procedures.
Watch-outs. StrategyAUM and parameter tables have no clear measurement/effective date; No combined current groupAUM or full price schedule established; Group/partner companies and PMS/advisory/AIF permissions remain distinct; Advisory number prefix differs on general About versus agreeing specific advisory/complaints pages; Concentration, liquidity and investment losses remain possible.
Built for Family offices, High-net-worth and ultra-high-net-worth investors, Corporate treasuries, Institutional investment managers, Wealth managers.
Choose a managed portfolio, separate consultative advisory or investment-research mandate. Published undated portfolio minimums differ: MSSP ₹1.5 crore; All Seasons ₹10 crore. Actual entity, eligibility, risk and reporting must be agreed; defensive objectives are not guarantees.
PMS: mapmsdesk@multi-act.com; +91 22 6140 8989. Published acknowledgement within two working days and action-taken report within 21 calendar days; escalation to Sekar Iyer, then Rohan Samant, plus SCORES/SMART ODR. RIA principal Vikas Biyani: vikas.biyani@multi-act.com; 020-2615 3738. Separate advisory/AIF contacts and service scopes apply; no guaranteed resolution outcome. Published RIA office: Ground Floor, ICC Chambers I, Saki Vihar Road, Powai, Mumbai 400072, Maharashtra, India (published Multi-Act Trade and Investments RIA office; not a verified headquarters for every group entity).
Agree entity/service, authority, suitability, strategy limits, fee model, custody/reporting and exit. Published RIA notice: at least 30 days before calendar-quarter end, effective at quarter-end; unexpired-period refund within 15 working days after quarter-end, with no refund for the notice quarter. Separate PMS/fund terms apply.
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