PMS funds which managed to trump Nifty with up to 18% return in May
PMS schemes, favored by HNIs for surplus capital, outperformed in May despite the flat Nifty50 TRI index before the election results. Investing in listed holding companies, Unifi Capital's HoldCo fund led with a remarkable 17.88% return, surpassing others in the PMSBazaar database.
PMS schemes, used by to park their surplus capital, managed to deliver returns up to 18% in May when the Nifty50 TRI index ended flat ahead of the election results this month.Unifi Capital's HoldCo fund, which invests in listed holding companies across a wide array of industries, was the top gainer with an impressive return of 17.88% last month, according to data pulled from the PMSBazaar database.
ASK Lighthouse Portfolio gained 8.85% during the month. Other toppers in the monthly list are Moat Financial, Shree Rama Managers, Maximal Capital, Prabhudas Lilladher, Dynamic Equities, , and Abans.
Among star fund managers, Deepak Shenoy's Capitalmind Surge India fund gained nearly 4% and Market Fund 2.56%. Both are benchmarked against Nifty50 TRI.
Saurabh Mukherjea-owned Marcellus' quant fund Meritor Q outperformed with a 1.66% return, while the midcap-heavy Rising Giants portfolio grew 0.41%. Three of Mukherjea's funds gave negative returns during the month. Smallcap-focused Little Champs fell 4.24%, Kings of Capital lost 1.18% of its value, while the Consistent Compounders fund also lost 0.77% in May.
Sunil Singhania's Abakkus-run All Cap Approach recorded a growth of 0.48% while smallcap fund Emerging Opportunities lost 1.36% of its value.
Devina Mehra-owned First Global's Indian Multi Asset and India Super 50 funds recorded a monthly growth of 0.34% and 0.16%. Samir Arora's Helios India Rising fund saw a gain of 0.11%.
Source: Stocks-Markets-Economic Times
