Most portfolio management services schemes beat Nifty in June, shows data

June was a good month for portfolio management services (PMS) schemes, with 218 of 230 schemes under consideration outperforming the Nifty50. The schemes returned 4.1 per cent on average, better than the 0.9 per cent given by the benchmark.

Better performing strategies in June included Bonanza’s Value (14.1 per cent), Right Horizon’s Minerva India Under-served (13.3 per cent), and Roha Asset Managers’ Emerging Champions (13.1 per cent), the data from PMS Bazaar showed.

Large-cap PMS schemes (average returns of 1.9 per cent), mid-cap schemes (5 per cent), multi cap schemes (4.1 per cent), and small-cap (6.1 per cent) — outperformed their respective category benchmark indices.

On a one-year basis, Nine Rivers Capital’s Aurum Small Cap Opportunity (168.5 per cent), Negen Capital’s Small Cap Emerging (166.3 per cent), and Equirus Securities’ Long Horizon Fund (140.8 per cent) are the top performers.

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

The time-weighted rate of return eliminates the effects of inflows and withdrawals from the schemes to get a clearer sense of the fund manager's performance.