Most PMS schemes in red, but more than 80% outperform Nifty in November

The schemes returned -2% on average, better than the -3.9% generated by the benchmark

It was a tough month for PMS schemes with the majority of them ending in the red. However, 218 out of 262 schemes, or 83 per cent, outperformed the Nifty50 in November. The schemes returned -2 per cent, on average, better than the -3.9 per cent generated by the benchmark.

The top performing strategies for the month included Right Horizon’s Super Value (4.6 per cent), followed by Silverarch’s Mid & Small Cap Equity (3.7 per cent) and Systematix’s Dynamic Investment Portfolio (3.35 per cent), the data from PMS Bazaar showed.

Among the individual categories, large-cap PMS schemes (average returns of