Pre-Budget jitters pummel 70% PMSes into the red in January; large, multi-cap funds bleed the most
Basant Maheshwari Wealth Advisers Equity Fund was the biggest loser in January, dropping 8.09 percent on a month-on-month basis. February 10, 2021 / 12:25 PM IST
After three straight months of gains, Nifty showed signs of fatigue in January, especially in the second half of the month as investors turned cautious ahead of the Union Budget. A steep correction ensued and benchmarks dropped all of its monthly gains to end the month with a 2.48 percent loss. Broader markets were able to ride the storm much better than the frontliners as BSE Smallcap ended with marginal losses of 0.3 percent, while BSE Midcap ended with gains of 0.6 percent.
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.
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.
NEW DELHI: A spectacular bull run on Dalal Street helped domestic portfolio managers for the rich deliver solid returns to their high networth clients in November. Available data suggests at least 189 major PMSes from across segments – like multicap, smallcap, midcap and largecap – delivered positive returns to investors during the month.
Lake Water Advisors’ Multicap Strategy delivered the most at 30.12 per cent for November, 62.17 per cent for last six months and 13.65 per cent for last one year. Nearly 67 per cent of the portfolio is invested in five stocks: Bajaj Finance, Aarti Industries, L&T Technology Services, 3M India and Aarti Surfactants.