PMS Tracker: 22 PMS schemes gave double-digit returns last month


While mixed corporate earnings, profit booking and easing expectations of rate cuts by the US Fed is keeping headline indices Sensex and Nifty range-bound, at least 22 PMS schemes made HNI investors richer last month with double-digit returns going up to 17%.

Invasset’s Growth Pro Max Fund was the biggest gainer in the pack with a monthly return of 17.14% in January. The multi-cap fund has given an astonishing return of 133% in the last one year period, shows data pulled from PMS Bazaar.

Asit C Mehta’s Ace Midcap Fund also gave about 17% return, followed by Molecule’s Growth Fund (16.3%), Ace Multicap Fund (16%) and Wright Alpha Fund (15%).


Saurabh Mukherjea-run Marcellus Consistent Compounders delivered a negative return of 5.3%. Marcellus’ two other PMS funds – Kings of Capital and Rising Giants – also ended about 3% lower. ASK Investment’s Financial Opportunities lost about 4%, Domestic Resurgence 3% and Indian Entrepreneurship’s 1.5%.

Sunil Singhania’s Abakkus managed to deliver about 1.8% return in All Cap Approach Fund and 0.55% in Emerging Opportunities. Samir Arora’s Helios Capital managed to deliver about 2% return in India Rising fund.

Devina Mehra-owned First Global’s India Super 50 Fund, which is a multicap scheme, gave about 3.85% return, while Indian Multi Asset Fund also delivered about 3% gain.

Also read | Over 75% of PMS funds deliver excess returns than mutual funds: Report

PMS schemes are used by HNI investors to park surplus capital with a minimum ticket size of Rs 25 lakh. According to a recent study by PMS Bazaar, 75% of PMS approaches have given more returns than mutual funds over 10 years.

PMS analyzed 335 PMS investment approaches and 388 regular mutual funds across 1, 3, 5, and 10-year periods and found that PMS investment approaches outperformed their benchmarks by an impressive 70% on average across all timeframes and categories, while MFs managed a respectable 48%.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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