All-round buying in stocks helped top money managers on Dalal Street breathe easy this past May, as clouds of political uncertainty lifted with Prime Minister Narendra Modi storming back to power with a bigger majority.
As a result, 82 per cent of the portfolio management services (PMSs) delivered positive returns for the month, as benchmark Sensex advanced 1.75 per cent against a 1.39 per cent and 1.66 per cent rise in BSE Midcap, Smallcap indices, respectively.
Among the notable performers were schemes run by LIC Mutual Fund Asset Management, IDBI Capital Market Services and UTI AMC, which delivered over 8 per cent returns.
Other top performers of May included Acepro Advisors, Basant Maheshwari Wealth Advisors, 2Point2 Capital Advisors, Samvitti Capital, IIFL Alternate Asset Advisors, Stallion Asset, BNP ParibasNSE -0.15 % Asset Management India and Decimal Wealth Advisors, which delivered 5 per cent to 6.50 per cent returns for the month
“Sticking to our philosophy of investing in strong and leading businesses that exhibit above-average earnings growth is key to our success,” said Prabhakar Kudva, Co-Founder and Director of Samvitti Capital.
PMSes are big-ticket investment schemes managed by fund houses and independent money managers to cater to high net worth individuals. The minimum investment threshold for these schemes is Rs 25 lakh.
“As markets are always chasing growth, especially in strong businesses, this strategy has worked well for us over the years. It is, however, important to note that there will be periods when even inferior businesses would get marked up and our strategy will underperform. Investors need to t ..
As a result, 82 per cent of the portfolio management services (PMSs) delivered positive returns for the month, as benchmark Sensex advanced 1.75 per cent against a 1.39 per cent and 1.66 per cent rise in BSE Midcap, Smallcap indices, respectively.
Among the notable performers were schemes run by LIC Mutual Fund Asset Management, IDBI Capital Market Services and UTI AMC, which delivered over 8 per cent returns.
Other top performers of May included Acepro Advisors, Basant Maheshwari Wealth Advisors, 2Point2 Capital Advisors, Samvitti Capital, IIFL Alternate Asset Advisors, Stallion Asset, BNP ParibasNSE -0.15 % Asset Management India and Decimal Wealth Advisors, which delivered 5 per cent to 6.50 per cent returns for the month
“Sticking to our philosophy of investing in strong and leading businesses that exhibit above-average earnings growth is key to our success,” said Prabhakar Kudva, Co-Founder and Director of Samvitti Capital.
PMSes are big-ticket investment schemes managed by fund houses and independent money managers to cater to high net worth individuals. The minimum investment threshold for these schemes is Rs 25 lakh.
“As markets are always chasing growth, especially in strong businesses, this strategy has worked well for us over the years. It is, however, important to note that there will be periods when even inferior businesses would get marked up and our strategy will underperform. Investors need to t ..
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