With 4.3% returns on average, most PMS schemes beat Nifty in July

Large-cap PMS schemes gave average returns of 2.5 per cent, mid-cap schemes at 4.7 per cent, multi cap schemes 4.5 per cent and small-cap 9.1 per cent

July was a good month for PMS schemes, with 252 out of 261 schemes under consideration outperforming the Nifty50. The schemes returned 4.5 per cent on average, better than the 0.3 per cent given by the benchmark.

Better performing strategies in July included Right Horizon’s Minerva India Under-served (22.9 per cent), Aequitas Investment Consultancy’s India Opportunities Product (14.9 per cent) and Green Lantern Capital’s Growth Fund (14.6 per cent), the data from PMS Bazaar showed.

Large-cap PMS schemes (average returns of 2.5 per cent), mid-cap schemes (4.7 per cent), multi cap schemes (4.5 per cent), and small-cap (9.1 per cent)