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