PMS Tracker: Smallcap, multicap funds beat largecaps yet again in August
PMS funds under these categories retain their outperformance versus largecaps.
In August, benchmark Sensex shed more than 2%, whereas the BSE midcap and smallcap indices hit fresh highs.
While largecap funds gave up to 6% returns in August, smallcap and midcap funds gave returns of up to 12%, data by PMS Bazaar showed.
Electrum Portfolio Managers’ midcap and smallcap portfolio, Electrum Laureate, gave the highest monthly returns of nearly 12% in August. In just 6 months, it has given a staggering 43% returns.
Following Electrum was Motilal Oswal’s two of the midcap and smallcap strategies, which gave nearly 10% returns each in the month of August.
Roha Asset Managers’ Emerging Champions gave over 4% returns in August, but on a 6-month basis, this strategy has given handsome returns of 48%.
AlfAccurate Advisors, Ambit Investment Advisors, Sunil Singhania-owned Abakkus Asset Managers’ Emerging Opportunities, InCred PMS, PhillipCapital, and Karma Capital’s Lotus were the other midcap and smallcap funds to give returns to the tune of 2-5%.
Multicap category funds also did quite well in the last month, and the top performers were Samvitti Capital, Invasset LLP, Avestha Fund Management, Agreya Capital Advisors, and Bonanza Portfolio, giving 8-14% returns to investors.
Eventhough profit booking was seen in largecap stocks last month, some of the largecap funds managed to give positive returns.
