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Mutual fund investors brace for weak returns in closed-end schemes
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PMS schemes gain in June; 70% beat Nifty over one year, shows data

For the quarter, about a third of the schemes managed to beat the benchmark index

Topics
PMS schemes

Ashley Coutinho 



Mutual funds, Stock markets, liquidity
The top performers include Nine Rivers Capital Aurum Small Cap Opportunities and Right Horizons Minerva India Under-Served

The schemes extended by portfolio management services (PMS) ended with gains in June but a majority of them underperformed the Nifty. Of the 170 strategies tracked by PMSBazaar, 68 beat the Nifty, which had gained 7.5 per cent during the month. Globe Capital Market Value was the best performer, with returns of 23.4 per cent.

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First Published: Thu, July 09 2020. 06:07 IST

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