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

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 cent) underperformed the Nifty Midcap 100 Index.

On a one-year basis, Green Portfolio’s Super 30 (146.3 per cent), Counter-Cyclical Investments’ Long-Term Value (107.7 per cent), and Right Horizon’s Minerva India Underserved (96.3 per cent) were the top performers. Returns were calculated on a time-weighted rate of return basis for schemes under consideration.

PMS schemes managed Rs 20.3 trillion under discretionary portfolio, Rs 1.7 trillion under non-discretionary, and Rs 2.1 trillion under advisory, shows the latest data from the Securities and Exchange Board of India.