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77% of 273 PMS schemes outshone the Nifty50 in April, shows data

PMS schemes managed Rs 20.3 trillion under discretionary portfolio, Rs 1.7 trillion under non-discretionary, and Rs 2.1 trillion under advisory

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

Ashley Coutinho
Seventy seven per cent, or 211 of the 273, portfolio management services (PMS) schemes outperformed the Nifty50 in April. The schemes returned minus 0.15 per cent on average, better than the minus 2.1 per cent given by the benchmark.

Schemes that gave the most returns include Avestha Fund Management (10.6 per cent), followed by Equitree Capital Advisors (9 per cent) and HEM Securities (8.9 per cent), reveals the data from PMSBazaar.

Large-cap PMS schemes (average returns of minus 1.53 per cent), multi-cap schemes (minus 0.47 per cent), and small-cap schemes (2.75 per cent) outperformed their respective categories, while mid-cap schemes (0.2 per

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First Published: May 29 2022 | 10:44 PM IST

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