The Nifty was the lone bright spot in markets in April. The 50-share index went up by 1.07% in April, whereas midcap and smallcap indices lost 3-4%. For wealthy investors, portfolio management services (PMS) is a big draw. So, how did PMS schemes do in April? RupeeIQ looks at some of the schemes whose returns are available. We look at the best performing schemes, the worst performing schemes and also the PMS plans with most assets.
Biggest PMS funds
The biggest PMS funds are the ones that are also most popular. Run by fund managers with a good track record, these large PMS schemes often managed thousands of crores each. Let us have a look at how some select PMS schemes have done. Most of the large schemes are multicap, while some are special situations, largecap and small and mid cap.
Motilal Oswal PMS runs the Next Trillion Dollar Opportunity Strategy, which has over Rs 8,700 crore in assets. Its model portfolio lost 1.31% in April 2019.
ASK Group’s Indian Entrepreneur Portfolio (IEP), which has over Rs 8,000 crore in assets, lost 0.20%.
The model portfolio of Motilal Oswal India Opportunity Portfolio (IOP) strategy, managing Rs 3,500 crore, lost 1.54% in the first month of this financial year.
Kotak AMC’s Special Situation Series 1, managing Rs 2,828 crore, lost a whopping 3.6% in April. The newer, Special Situation Series 2 lost just 1% in comparison this month.
Alchemy’s PMS strategies are also quite large. Alchemy High Growth strategy, managing over Rs 2,600 crore, gains just 0.1% in April. The PMS provider’s Select Stock strategy, a multi cap portfolio, rose 1% this month.
Best PMS schemes
Now, we will take a look at the best performing PMS funds/strategies for April 2019.
Unifi Capital’s Spin Off strategy is a star performer in April with a 4.54% gain. This thematic strategy is probably the only one among Unifi strategies that has delivered a positive return this month. However, Spin Off strategy needs to deliver better returns if it has to shrug off its 1-year loss of over 17%.
SBI Mutual Fund’s Growth With Values PMS strategy turned out to be one of the best this month. Its multicap oriented model portfolio gave 2.7% return. However, for the year the strategy is down over 7%.
Asit C Mehta Investment Intermediates’ ACE 50 PMS strategy, on an aggregate portfolio basis, gave 1.9% gain in April. For the last one-year period, the returns are in fact flat. Readers of RupeeIQ do note that aggregate portfolio is a portfolio that based on all the client portfolio under the regular portfolio existing. The returns are computed using a time-weighted rate of return for each client and then putting an arithmetic average return for the strategy.
Systematix Shares’ PMS strategy Dynamic Investment Portfolio, a midcap oriented strategy, reported 1.88% gains for its model portfolio. The scheme is down 6.8% for the last 1-year period.
Take a look below at some of the best performing PMS and alpha generated over Nifty.
|Some top performing PMS schemes (April-2019)|
|AMC/Strategy Name||1-month %||1-year %||Alpha over Nifty (1-month) %||Alpha over Nifty (1-year) %|
|Unifi Capital/Spin Off||4.54||-17.35||3.47||-26.74|
|SBI MF/Growth With Values||2.7||-7.74||1.63||-17.13|
|Asit C Mehta Investment Intermediates/ACE 50||1.9||-0.1||0.83||-9.49|
|Systematix Shares/Dynamic Investment Portfolio||1.88||-6.76||0.81||-16.15|
|Asit C Mehta Investment Intermediates/ACE 15||1.7||6.7||0.63||-2.69|
|Ambit Capital/Good & Clean India||1.1||14.1||0.03||4.71|
|Tata PMS/Blue Chip||1||3.2||-0.07||-6.19|
|* Returns for model/aggregate portfolio as available As on 30th April 2019|
Disclaimer: The article is only for informational purposes. Investors are requested to consult their financial, tax and other advisors before taking any investment decision.