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22 multicap PMS funds give double-digit returns of up to 24% in a month; outperform smallcaps

Synopsis

Credent Asset Management’s Growth Portfolio multicap strategy topped the list, giving 24.3% returns in a month, according to data shared by PMS Bazaar.

22 multicap PMS funds give double-digit returns of upto 24% in a month; outperform smallcapsGetty Images
With November turning in favour of bulls and taking markets to new highs, atleast 22 multicap PMS funds gave double-digit returns of up to 24% and outpaced smallcap funds.

Credent Asset Management’s Growth Portfolio multicap strategy topped the list, giving 24.3% returns in a month, according to data shared by PMS Bazaar.

Carnelian Asset Advisors, run by market expert Vikas Khemani, saw its multicap strategy give nearly 14% returns in one month. This strategy has given double-digit returns across periods of 3 months, 6 months, and 1 year.

Devina Mehra-owned First Global’s multicap strategy “India Super 50” gave nearly 8% returns in a month, and more than 21% returns in a 1-year period.

Among smallcap PMS funds, only two of them gave double-digit returns on a 1-month basis. These are Molecule Ventures’ “Growth” strategy and Right Horizons’ “Super Value” strategy, which gave 18% and 11% returns, respectively.

Aequitas Investment’s India Opportunities fund, which is among the best performing small cap strategies, gave 9% returns. This fund has given a staggering 87% returns on a 1-year basis, and is at the top of the list among PMS funds.

Saurabh Mukherjea-owned Marcellus Investment Managers’ smallcap strategy “Little Champs” continued to underperform, giving just 0.7% returns in a month.

Unlike most smallcap PMS funds which have given high double-digit returns in a year, Little Champs has given negative returns of more than 12% in the same period.

Meanwhile, its multicap strategy “Consistent Compounders” did well and gave more than 6% returns in a month.

Mukherjea’s largecap strategy “Global Consistent Compounders” performed the best in a month, giving returns of more than 11%.

Sundaram Alternates’ multicap and midcap strategies performed better than the small cap strategy, giving returns of more than 7-9% in a month.

Out of the 15 thematic PMS strategies, 11 of them have given returns exceeding 5% to as high as 13% in a month. Green Portfolio PMS’ “Dividend Yield” thematic strategy topped the list, giving more than 13% returns in a month.

Among the large cap strategies, Tulsian PMS topped the list, giving 13.5% returns in a month. This strategy has given nearly 26% returns to investors on a 1-year basis.

The largecap strategies of Right Horizons PMS, Asit C Mehta Investment Intermediaries, Motilal Oswal, and JM Financial Services gave returns of over 9-11% on a one-month basis.

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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

...more