returns in October, little-known Shepherd's Hill PMS-run multicap Value Magno fund topped the list by delivering an impressive monthly return of around 9%.
Equitree Capital Advisor's smallcap Emerging Opportunities fund came second on the list with 6% return last month. Other top performing funds were Credent's AIM Multicap fund, Stallion's Core fund, Motilal Oswal's value migration and IOP funds, shows data pulled from PMS Bazaar.
Green Portfolio's Dividend Yield Fund also managed a decent return of 2.6%.
During the month, both Nifty TRI and BSE 500 TRI fell around 3% and most of the star fund managers failed to eke out positive returns.
Saurabh Mukherjea's midcap focused Rising Giants fell over 4%, smallcap fund Little Champs fell 2.6% while Consistent Compounders and Kings of Capital also lost around 2.5% each last month.
Sunil Singhania-run Abakkus All Cap Approach fund lost 3.5% and Emerging Opportunities fund lost 1.4%. Funds run by ASK Investment gave a negative return of 2-3%.