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)

(You can now subscribe to our ETMarkets WhatsApp channel)

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

Source link

leave your comment

Your email address will not be published. Required fields are marked *