The Equity Intelligence (EQ) PMS managed by investment guru Porinju Veliyath has delivered a return of -18.54% in the first quarter of FY 19. The Nifty 50 was up by 5.93% over the same period. Mr Veliyath also released numbers for FY 18 which saw his PMS deliver just 9.42% compared to 10.25% on the Nifty.
You can read our review of the Equity Intelligence PMS, here.
The subdued numbers come after a powerful show in the four preceding financial years. In those years (FY 14-17), the Equity Intelligence PMS delivered 57%, 72%, 11% and 47% respectively. Mr Veliath’s long term record also remains intact with the trailing 15 year CAGR at 31.33%. The numbers at net of fees and charges.
The details of the PMS performance over the past 5 years is as follows:
|Financial Year||FY 14||FY 15||FY 16||FY 17||FY 18||5 year CAGR|
Alongside the numbers, Porinju tweeted “No strategy is evergreen, equity investors have to go through good and bad times to create long-term wealth.”