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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.

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