Pace Financial s Tresor Flexi fund was the top-performing PMS scheme last month with a 7.4% return, followed by Tresor Prive s 4.73% gain and 4.7% upside in Tresor Sustainer, shows data pulled from PMSBazaar.
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Stocks that helped PMSes focused on smallcaps, midcaps outperform in March
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Saurabh Mukherjea, Founder, Marcellus Investment Managers, thinks Indian specialty chemicals today is where the pharma sector stood in the mid-1990s on the cusp of a golden 20-year run.
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Some multicap PMSes, which have larger allocation to midcap and smallcap stocks, also performed well in March, continuing from the earlier months. That was even when their benchmarks finished largely flat for the month.
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NEW DELHI: Smallcap and midcap-focused PMS schemes outperformed their peers by a vast margin for yet another month, as the equity market favoured smaller names vis-à-vis the larger ones in March.
NEW DELHI: Almost all portfolio management schemes (PMSes) delivered positive returns to their high networth investors in February, with many of them outperforming their respective benchmarks, as the domestic equity market continued to hit fresh record highs riding on superior earnings performance and supportive Budget announcements.
Midcap and smallcap-focused strategies were among the best performers, with eight out of the top 10 schemes on the performance chart coming from the two categories. Two multicap funds, one each from TCG Advisory and Hanut Alternate Investments, also figured on the leaderboard.
The best performer was Super Value strategy of Right Horizons, which primarily invests in midcaps. The strategy delivered nearly 22 per cent return for the month. In the last six months, it has gained 47 per cent.