22 multicap PMS funds give double-digit returns of upto 24% in a month; outperform smallcaps
PMS funds gave double-digit returns of up to 24% and outpaced smallcap funds.
Credent Asset Management’s Growth Portfolio multicap strategy topped the list, giving 24.3% returns in a month, according to data shared by PMS Bazaar.
Carnelian Asset Advisors, run by market expert Vikas Khemani, saw its multicap strategy give nearly 14% returns in one month.
This strategy has given double-digit returns across periods of 3 months, 6 months, and 1 year.
Devina Mehra-owned First Global’s multicap strategy “India Super 50” gave nearly 8% returns in a month, and more than 21% returns in a 1-year period.
Among smallcap PMS funds, only two of them gave double-digit returns on a 1-month basis.
These are Molecule Ventures’ “Growth” strategy and Right Horizons’ “Super Value” strategy, which gave 18% and 11% returns, respectively.
Aequitas Investment’s India Opportunities fund, which is among the best performing small cap strategies, gave 9% returns. This fund has given a staggering 87% returns on a 1-year basis, and is at the top of the list among PMS funds.
Saurabh Mukherjea-owned Marcellus Investment Managers’ smallcap strategy “Little Champs” continued to underperform, giving just 0.7% returns in a month.
Unlike most smallcap PMS funds which have given high double-digit returns in a year, Little Champs has given negative returns of more than 12% in the same period.
Meanwhile, its multicap strategy “Consistent Compounders” did well and gave more than 6% returns in a month.
