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Half the PMS schemes trail Nifty 50 in FY21, clutchful offer 100% returns

Returns were calculated on time-weighted rate of return, which eliminates effects of inflows and withdrawals from schemes to get a clearer sense of fund manager's performance

Topics
PMS schemes | PMS investors | Nifty 50

Ashley Coutinho  |  Mumbai 



BSE, sensex, market, shares, stocks, trading, brokers, investment, investors, growth, results, Q, earnings
Fifty five per cent, or 117 out of 213 PMS schemes, underperformed the benchmark, which gained nearly 71 per cent in FY21

Companies providing portfolio management services (PMS) had a tough time beating the benchmark index in the last financial year, with more than half of the schemes underperforming the index.

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First Published: Wed, April 14 2021. 18:01 IST

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