6 of 17 largecap PMSes beat Nifty in April; Kotak Pharma PMS notches up 26%

In the 17 pure largecap PMSes, the average return was 12.14% in April compared to Nifty’s 14.7%

Kumar Shankar Roy May 11, 2020

Equity Intelligence PMS returnsPortfolio management service (PMS) firms provided spectacular returns in April 2020, with every single PMS strategy/fund delivering positive return. The best performer was Kotak Pharma with 26.1% return April. Data provided by PMSBazaar shows all-round performance by categories including largecap, midcap, smallcap, multicap, and sector focused strategies. Read on.

Largecap

In the 17 pure largecap PMSes, the average return was 12.14% in April compared to Nifty’s 14.7%. Just six of the 17 largecap PMSes did better than the Nifty. The best performers in terms of absolute performance were ICICI Pru Largecap Portfolio (18.56%), ACEPRO Advisors Largecap Strategy (15.43%), Nippon India Absolute Freedom (15.40%) and Right Horizons India Business Leader (15.22%).

In the blended largecap category, you basically have largecap & midcap strategies (3) and largecap + gold (1). The best performer in largecap & midcap segment was Bonanza Growth with 15.22%, followed by Emkay Investment Managers’ Emkay Lead PMS with 10.60% and LIC MF’s Value Equity with 9.93%. In the largecap + gold niche, Tata PMS’ Blue Chip Plus portfolio delivered 11.55%.

Midcap

In the midcap PMS strategy field, there are as many as 11 funds for which data is available. The best performer was Right Horizons’s Super Value with 14.07% return in April 2020, even though it under-performed the Nifty Midcap 100’s 15.4% gain in the same month. The other top performers were Concept Investwell Marvel (13.43%), Ambit Capital Good & Clean India Fund (13.40%) and Invesco Caterpillar (13.02%).

In the blended midcap segment, there are two categories: mid & smallcap and small & midcap. In the mid & smallcap segment, there are two funds: Equirus Securities Long Horizon Fund (24.38%) and Silverarch Mid & Small Cap Equity (12.23%). In the small & midcap niche, there are eight funds. The best performer is JHP Securities Incredible India (16.57%), followed by Motilal Oswal IOP V2 (16.28%) and Edelweiss Focussed Smallcap (14%). Tamohara’s TLSE was a marked under-performer with 6.66% return.

Smallcap

In the pure smallcap PMS strategy segment, there are 10 funds whose performance data is available. The average return was 14.12% in April 2020, but that is lower than BSE Small Cap index’s 15.5%. Only four of 10 funds bested the index return. These are Ambit Capital Emerging Giants (18.8%), Marcellus Little Champs (17.4%), Right Horizons Minerva India Under-Served (16.8%) and Crest Wealth Management Smallcap (15.8%).

April 2020 PMS performers

Category Average return Best performer & return
Largecap 12.14% ICICI Pru Largecap Portfolio (18.56%)
Midcap 12% Right Horizons Super Value (14.07%)
Smallcap 14.12% Ambit Capital Emerging Giants (18.8%)
Multicap 11.61% Green Portfolio Special (19.72%)
Sector 16.53% Kotak Pharma (26.1%)

Data source: PMSBazaar Returns are calculated as per TWRR or non-TWRR methods

Multicap

The multicap segment has the maximum funds at 84. In April 2020, the multicap benchmark BSE 500 gaind 14.6%. The average monthly gain for multicap PMSes was 11.61%, with 20% of funds beating the BSE 500. In terms of absolute performance, the best performers are Green Portfolio Special (19.72%), Solidarity Advisors Prudence PMS (18.37%), Crest Wealth Management Emerging Bluchip (17.10%), Anand Rathi Advisors Impress PMS (16.80%), ICICI Pru Contra Portfolio (16.36%) and Aditya Birla Capital Innovation (16.20%).

Sector

There are just four sector funds in the PMS performance data captured. But this is the space where the best performer of April 2020 resides. Kotak Pharma delivered 26.1% return in April. Kotak Fintech gained 12.7%. Trivantage Capital Management has two sector funds: Super Six clocked 14.1% and Resurgent Financials Equity rose by 13.2%.


Kumar Shankar Roy

Kumar Shankar Roy is contributing editor with RupeeIQ. Kumar is a financial journalist, with a functional experience of 15 years. He tracks mutual funds, insurance, pension, PMS, fixed income/debt and alternative investments markets closely. He has worked for The Times of India, The Hindu Business Line, Deccan Chronicle Group, DNA, and Value Research, among others, across different cities in India. He is deeply interested in marrying data insights with actionable opinion. He can be contacted at kumarsroy@rupeeiq.com.

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