44 PMS schemes outperform Nifty in December; mutli-cap funds lead the show
Negen Capital s Smallcap Emerging fund was the top gainer in December, rising 12.83 percent on a month-on-month basis January 13, 2021 / 03:46 PM IST
The Indian market ended calendar 2020 on a high with Nifty rising about 7.8 percent in December. In comparison, Smallcap and Midcap indices underperformed but still delivered strong returns at 7.2 percent and 5.7 percent, respectively.
Meanwhile, BSE 500, which is often considered a proxy to corporate India, surged 7.7 during December 2020
The stellar performance was also visible in the returns of Portfolio Management Schemes (PMSes) as all the strategies PMSBazaar.com looked at reported positive returns for the month. Smallcap and multicap funds led the charge logging double-digit returns in December.