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Business News/ Markets / Stock Markets/  Top PMS strategies that delivered over 10% returns in May: Check list here
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Top PMS strategies that delivered over 10% returns in May: Check list here

Portfolio managers were able to deliver strong alpha as data showed Portfolio Management Services (PMS) witnessed an average return of 4.98% in May, outperforming benchmarks Nifty 50 TRI and BSE 500 TRI that gained 2.87% and 3.78%, respectively.

Nifty gained 2.6% during the month of May driven by buying in most sectors. (Utpal Sarkar)Premium
Nifty gained 2.6% during the month of May driven by buying in most sectors. (Utpal Sarkar)

The Indian equity market witnessed strong gains since the beginning of financial year 2024 The Nifty index is up more than 7% since April led by persistent foreign capital inflow, healthy March quarter corporate earnings and strong macroeconomic environment.

The market defied the common agade “sell in May and go away" as the benchmark Sensex climbed 2.5% and the Nifty gained 2.6% during the month driven by buying in most sectors.

Meanwhile, during the last month, portfolio managers were able to deliver strong alpha as data showed Portfolio Management Services (PMS) witnessed an average return of 4.98%, outperforming benchmarks Nifty 50 TRI and BSE 500 TRI that gained 2.87% and 3.78%, respectively.

Also Read: Midcaps, smallcaps at record high: 10 stocks that can give you healthy returns in one-two year

According to data by PMS Bazaar, out of the total 331 PMSes, Shepherd’s Hill Financial Advisors LLP’s Value Magno was at the top, delivering over 14% returns in May. It had an asset under management (AUM) of over 65.01 crore.

The second in the list was Equirus Wealth’s Long Horizon Fund that delivered 13.20% return. Managed by Viraj Mehta, the fund has an AUM of over 700 crore and holds stocks such as Polycab India, Prataap Snacks, Delta Corp, Kolte Patil Developers and Thangamayil Jewellery.

Valuequest Investment Advisors’ Platinum Scheme was up 13.09% during the month and held an AUM of over 428 crore.

Nine Rivers Capital’s Aurum Small Cap Opportunities was fourth in the list with gains of 12.90%. Its portfolio consists of 12-15 high conviction small cap stocks and the benchmark is NSE Small Cap 100 Index.

Also Read: Adani Power to Adani Enterprises: Mutual funds sold these Adani shares in May 2023

IThought Financial Consulting LLP’s Vrddhi Fund was up 12.5%. The fund focuses on midcap and smallcap stocks and has Nifty Small Cap 100 as its benchmark.

Valuequest Investment Advisors’ Growth Fund was next in the list with 12.48% returns in May, followed by Incred PMS’ Multicap Portfolio, which delivered 12.40% returns.

Among other major gainers in the list were Trivantage Capital Management’s Small & Mid Cap Financials, which was up 11.42%, Carnelian Asset Advisors’ Shift Strategy up 11.41% and Samvitti Capital’s PMS Active Alpha Multicap up 11.24%.

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Published: 15 Jun 2023, 02:23 PM IST
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