Centrum appoints Manish Jain as Head of Fund Management (PMS & Equity Advisory) financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Jain comes with a proven track record of over 20 years in the Indian equities market, managing equity funds, driving high quality equity research and with expertise both on the buy and sell sides.
Electrum Portfolio Managers midcap and smallcap portfolio, Electrum Laureate, gave the highest monthly returns of nearly 12% in August. In just 6 months, it has given a staggering 43% returns.
Of the 15 PMS funds, 13 of them beat their benchmark BSE 500 index in May. Last month, the S&P BSE 500 index gave 3.5% returns.Some of the prominent names in this list are Carnelian Advisors multi-cap fund, Phillip Capitals small- and midcap fund, Equirus Wealths smallcap fund, and Tulsian PMS largecap fund.
Around 40% PMSes beat Nifty in November; mid and smallcaps lead the show
Lakewater Advisors Lakewater PMS was the top gainer, rising 30.12 percent on a month-on-month basis.
Image: Pixabay
Indian markets recorded their second-highest monthly gains in November, rising more than 11 percent. Positive developments on the COVID-19 vaccine, record contribution from foreign institutional investors (FIIs) and Democratic Party s win in the US presidential elections helped the Sensex and the Nifty scale record highs but it were the broader markets that stole the show.
The Sensex and Nifty rose about 11.4 percent each in November, while the Nifty midcap and smallcap posted gains of 15.5 percent and 13 percent, respectively. FIIs net bought Rs 65,317.13 crore worth of equities in November, the highest-ever inflow in a single month.