Defining my industry: Portfolio Management Service In India

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Joined: 19 Jul 2016
Hi, I am from India and would like to know how would the US b-schools categorize the Portfolio Management Services industry in India.

Key features of the business:

Only investments size larger than $37k (large amount in Indian terms) are allowed. Threshold of eligible investors is the investment commitment and not networth or annual compensation of an individual.
Investments can be pooled together or separately managed
Managed through investor's account and not fund's account.
Markets are not mature enough so, only long-only public equity exposure allowed. No derivatives allowed.
Various styles or specific sector exposures are allowed.
Can take concentrated positions but leverage not allowed.
There is 2 & 20 system for compensation.
Portfolios can be discretionary or non-discretionary. Most of the portfolios are discretionary.
Usually very small teams like PM, assistant PM, Investment associate & analyst.
Require sell-side research experience of 1-2 years to get in.
Tougher to get in than usual investment management businesses.

Also, there are very few hedge funds, like 5-6 in the whole of India and are allowed to trade only in derivatives but there are many mutual funds (established & mature businesses here) in India. There just 250 PMS in India with just 5-10 being of the size I work at.

I am currently working as a research associate in a PMS. I will be applying for a US MBA in the future and wanted to know how would the b-schools categorize such a business? WIll they consider it as a HF, AM or a subtype of any? Will an experience in such a company be competitive enough for US MBA? Also, how is PMS based on above description competitive against an MBA applicant with WE in IB or PE?