 "Minerva India Underserved, Dynamic PMS outdid Nifty in August")
Last month was challenging for fund managers, especially those focused on the broader markets. Even as the benchmark Nifty50 rose 8.7 per cent, the Nifty Midcap 100 gained only 2.2 per cent and the Nifty Smallcap 100 fell 2.5 per cent. Overall, the market breadth too was weak.
Despite a challenging set-up, half a dozen PMS schemes managed to beat the Nifty. Right Horizon’s Minerva India Underserved continued its dream run, gaining 13.1 per cent in August.
The scheme, which largely focuses on under-penetrated businesses with long-term growth potential, has delivered returns of 110.3 per cent over the past year, the data provided by PMSBazaar.com shows.
Concept Investwell’s Dynamic PMS, which churns its holdings based on artificial intelligence (AI) inputs, also managed to generate double-digit returns in August. PMS, or portfolio management services (PMS), are aimed at high net-worth investors and have a minimum investment ticket size Rs 50 lakh.
Despite a challenging set-up, half a dozen PMS schemes managed to beat the Nifty. Right Horizon’s Minerva India Underserved continued its dream run, gaining 13.1 per cent in August.
The scheme, which largely focuses on under-penetrated businesses with long-term growth potential, has delivered returns of 110.3 per cent over the past year, the data provided by PMSBazaar.com shows.
Concept Investwell’s Dynamic PMS, which churns its holdings based on artificial intelligence (AI) inputs, also managed to generate double-digit returns in August. PMS, or portfolio management services (PMS), are aimed at high net-worth investors and have a minimum investment ticket size Rs 50 lakh.
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