From Sageone to Anvil Wealth, most PMS schemes beat Nifty in April

April was a good month for PMS schemes, with 198 of the 232 schemes under consideration outperforming the Nifty50. The schemes returned 2.8% on average, better than the -0.4%  given by the benchmark.

Better-performing strategies in April included Kotak’s Pharma fund (13.4%), Sageone’s Small and Microcap fund (12.7%), and Anvil Wealth Management’s Long Holding Strategy (12.4%), the data from PMS Bazaar showed. Large-cap PMS schemes (average returns of 0.5%), mid-cap schemes (2.8%), multi-cap schemes (2.6%), and small-cap (6.4%) all outperformed their respective category benchmark indices.

Returns were calculated on a time-weighted rate of return basis for the schemes under consideration. 

The time-weighted rate of return eliminates the effects of inflows and withdrawals from the schemes to get a clearer sense of the fund manager's performance.

On a one-year basis, Nine Rivers Capitals Aurum Small Cap Opportunity (172.1 per cent), Negen Capital’s Small Cap Emerging fund (165.1 per cent), and Valentis Advisors Rising Star Opportunity (148.3 per cent) are the top performers.

According to the latest regulatory data from Sebi, PMS schemes managed Rs 16.25 trillion under discretionary portfolio, Rs 1.2 trillion under non-discretionary portfolio, and Rs 1.75 trillion under advisory.

The PMS segment invests money on behalf of well-off individuals. The minimum investment that regulations allow is Rs 50 lakh. It was Rs 25 lakh earlier. Sebi had increased the amount as part of a larger tightening of PMS regulations. This also included increasing net worth requirements and compliance standards. Ashley Coutinho