Most PMS schemes beat Nifty50 in September, shows data

The PMS segment invests money on behalf of well-off individuals. The minimum investment that regulations allow is Rs 50 lakh

Fifty-five per cent, or 140 out of 253 PMS schemes under consideration, outperformed the Nifty50 in September. The schemes returned 3.3 per cent, on average, better than the 2.8 per cent generated by the benchmark.

The top performing strategies for the month included Invesco’s Caterpillar (9.97 per cent), followed by Green Portfolio’s Dividend Yield (9.93 per cent) and Bellwether Capital’s Growth Fund (9.3 per cent), the data from PMS Bazaar showed.

However, all the individual categories – large-cap PMS schemes (average returns of 2.6 per cent), mid-cap schemes (4.9 per cent), multi cap schemes (3.2 per cent), and small-cap (4.1 per cent)