70% PMSes outperformed Nifty; top funds generate 7-9 % in a bearish January

In this monthly review, we also look at how different PMS categories have done across more than 190 schemes

09 Feb 2021

After a solid 2020, the New Year started off on a weak note as markets fell in the last week of the month on Budget fears. This trend,ultimately reversed post Budget, but the damage was done. The Nifty ended 2.5 % down in January 2021, but Portfolio Management Services (PMSes) did much better. Protecting the wealth during downturn, 70 per cent of PMSes outperformed the Nifty. Top funds generated 7-9 per cent positive gain in a month where bears dominated. About 60 schemes performed poorly relative to Nifty.

Month's best performers

The 5 best performers in January 2021 come from the mid and smallcap segments. This is because the weakness in markets was led by largecaps, but small and midcaps were not that much impacted.

The best performer was Valentis Advisors Rising Star Opportunity with 9.08 per cent gain. It is followed by Invesco Caterpillar up 7.51 per cent, Negen Capital Small Cap Emerging up 4.66 per cent. Phillip Capital Emerging India and SageOne Small & Microcap complete the top five list.

Click here to Access Full Performance Report

Though the top funds of January 2021 have given sedate returns  their 1 year performances are much better at 18-51 per cent.

Category scan

Now we will take a look at some of categories on PMS funds to understand how schemes have done in a segment.

Largecap - The 18 largecap PMSes saw average drop of 3.47 per cent, under-performing the Nifty. The best performer was ICICI Pru Largecap Portfolio, the only one with a positive return in the segment.

Large and midcap - All the 5 funds posted negative returns this month. The category average was minus 2.68 per cent. LIC MF Value Equity+ was the least affected.

Midcap - The 18 midcap PMSes clocked an average category return of 0.43 per cent this month. Fifty per cent of funds generated positive return. The top scheme was Invesco Caterpillar, which beat the category benchmark Nifty Midcap 100 by a wide margin.

Small and midcap - The 14 funds in this category posted an average return of 0.37 per cent this month. This was a very minor return but positive due to the overall bearish market trends. Valentis Advisors Rising Star Opportunity was the best performer with over 9 per cent return in a difficult month.

Smallcap - The 12 smallcap PMSes clocked an average 1.7 per cent gain, sharply out-performing BSE Smallcap index's -0.6 per cent show. The best performing scheme was Negen Capital Small Cap Emerging.

Multicap - This is by far the biggest PMS category with 111 schemes. The average return this month was -1.46 per cent, which was still better than Nifty 500's larger 1.8 per cent drop. Buoyant Capital Opportunities was the best performer this month.

Others - Among thematic PMSes, Right Horizons Alphabots India Prime was the best performer. Kotak Fintech was the best among sector strategies. NJ Asset Freedom ETF was the best among exchange traded funds in the PMS space.

Recent Blogs

Losing less is winning more

A saint was a sinner too. True knowledge can only be gained when people make mistakes. Of course, it matters a lot whether or not we learn from our follies. Meet Rohan Mehta, one of the youngest PMS fund managers in the billion-dollar industry, who openly admits the wrongs he did in the early part of his investing journey, and then smartly used those precious realizations to create investment systems that today manage crores of money. It is almost poetic justice.

Impact of COVID on the Economy Markets and Marcellus Portfolio PMS

Ascertain whether the foundations of Indian economic recovery are in place? Is India on the verge of the 5th Economic Boom? Why it makes no sense to time the entry/exit of CCP?. Here is an Excerpts from the Exclusive Webinar on " Impact of COVID on the Economy, Markets, and Marcellus PMS Portfolio" by Mr. Saurabh Mukherjea & Mr. Rakshit Ranjan, Marcellus Investment Managers - PMS

Shankar Sharma speaks on What Asset Allocation is and what it is not

The key to successful investing, over the long term, is to have every major Asset Class in your consideration set: The word Asset Allocation is bandied around rather casually these days. Hence it is important to understand what Asset Allocation is not. Understand from Mr. Shankar Sharma, Vice Chairman & Jt. Managing Director, First Global.

Smallcap Multicap PMSes Top Dec 20 Charts 1 out of 4 Beat Nifty

PMSBazaar has compiled data for the largest number of PMS schemes numbering over 190 across more than 90 portfolio managers

How To Profit From Significant Consolidation Across Financial Services Sector

India is at cross-roads. Massive disruptions in the financial sector await. The conventional business model of poorly run banks, including the public sector lenders and opaque private sector NBFCs, is ripe for a reset. Read on to Know more..

Average returns of PMSes outperform Benchmarks in May 2020

The month of May saw benchmark indices drop by 2.8% after nearly 15% spurt in April; the best performing PMS strategy in May delivered 3.6% positive return. Read on to know how different categories did against each other and the benchmarks.

PMS investors that braved March massacre get up to 56 percent in Apr June and 36 percent in 1 year

55 PMSes out of 170 beat Nifty that clocked 19.8% gain in the last 3 months; Strategies clocked upto 23% spurt in June 2020

Markets are not cheap but they are not expensive either

The September quarter (2QFY21) corporate earnings season was a blockbuster one, with big beats and upgrades. Markets have run up too, thanks to a tsunami of money being pumped in. Foreign investors have put more than Rs 50,000 crore in November alone, taking the yearly total over Rs 1 lakh crore. The situation today is dramatically different compared to March-April when Covid-19 fear had gripped everyone, including markets that crashed. PMS Bazaar hosted Mitul Patel, Senior Vice President | Fund Manager – Portfolio Management Services, IIFL AMC in an exclusive webinar to discuss the way forward. Patel is in charge of IIFL Multicap PMS Strategy, which is among the best-performing this year. Here are the important takeaways.

Copyright © 2021 PMS Bazaar. All Rights Reserved.