Having Q2 Results on the deck, India Inc’s profit is expected to shrink for the fourth straight quarter however there is a rising revenue momentum, which can be inferable from moderate price hikes and steadily rising volumes. The said expectations of the Indian market had translated into the index performance where NIFTY posted a fall of 3.74% in the month of September. Global markets are also confronting inflationary pressure on their earnings expectations yet with a higher degree of inflation when compared to India. The US stock market’s weakest month of the year is typically September when Dow 30 posted a fall of 8% and the S&P 500 also fell by over 8%. In the Indian Alternative Investment segment, the PMS strategies reacted to the market sentiments, yet managed the risk relatively well with 277 strategies (out of 298 Strategies) beating NIFTY in September. Many boutiques and smaller AMCs performed well this month, compared to the lukewarm performance of star fund managers this month.
Top 10 PMS strategies of September 2022:
Here are the top 10 PMS strategies identified from the 298 strategies monitored & analyzed by PMS Bazaar.
*Note: All the returns mentioned in this report are based on the 298 PMS schemes monitored by PMS Bazaar.
The 212* Growth Mantra Strategy of Turtle Wealth tops the list, yielding a monthly return of 5.67% in Sept 2022. This strategy invests in up to 18 stocks with a mix of growth and compounders, selected using their P.P.P formula (Price, Profits & People).
The Growth Strategy of Molecule Ventures LLP occupies second place, yielding a monthly return of 3.64%in Sept 2022. This strategy aims to achieve appreciation through mid to long-term investments in quality companies with strong growth prospects, mostly in the mid and small-cap.
The 212* Wealth Mantra Strategy of Turtle Wealth occupies 3rd place, yielding a monthly return of 2.73% in Sept 2022. This strategy invests in 15 stocks with a Mix of Growth and Compounders, selected using their P.P.P formula (Price, Profits & People).
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Here is a chart depicting the monthly returns of top-performing Equity PMS Strategies in comparison with the NIFTY index for the month of Sept 2022: Below the bar represents the September month returns of the Strategy and the line represents the performance of NIFTY in the month of September.
Category-wise analysis of Portfolio management services:
Here is a comparison of the average returns of different categories of PMS strategies for the month of September 2022:
Small-cap:
The Small-cap category recorded an average monthly return of -0.53% in Sept 2022. 10 out of 17 strategies monitored in this category had outperformed BSE Small cap, which stood at -0.69%.
The Growth Strategy of Molecule Ventures LLP tops this category, yielding a monthly return of 3.64%. Followed by it, we have the Long Horizon Fund of Equirus Wealth Private Ltd (2.22%) and the 03 Special Situations Portfolio of 03 Securities (1.53%), constituting the top 3 performers in this category.
Small & Midcap:
The small & mid-cap category yielded an average monthly return of -1.07% in Sept 2022. Only 8 out of 28 Small & Midcap Strategies yielded positive returns this month.
The Rising Star Opportunity strategy of Valentis Advisors PMS tops this list with a monthly return of 1.46%. Followed by it we have the Emerging Opportunities Strategy of Tata PMS (1.24%) and the Diversified Long-term Value Strategy of Counter Cyclical Investment Private Limited (0.51%), constituting the top 3 performers in this category.
Mid-cap:
The Mid-cap category recorded an average monthly return of -1.38% in September 2022. 17 out of 20 PMS strategies monitored in this category outperformed NIFTY MIDCAP 100, which stood at -2.58%.
The Midcap Portfolio of Renaissance tops this list, yielding a monthly return of 2.05%. Followed by it, we have the Pearls Strategy of Emkay Investment Managers (1.90%) and the Super Value Strategy of Right Horizons (0.77%), constituting the top-3 strategies of this category.
Large & Mid-cap:
The Large & Mid-cap category recorded an average monthly return of -2.13% in Sept 2022. All the 12 strategies monitored in this category recorded negative returns this month.
The Growth Strategy of Bonanza tops this category with a monthly return of -0.27%. Followed by it, we have the All weather Portfolio of Oro Asset Management (-0.32%) and the Freedom Portfolio of Geojit Financial Services Limited (-0.57%), constituting the top 3 strategies of this category.
Large-cap:
The large-cap category recorded an average monthly return of -2.50% in September 2022. 21 out of 24 strategies monitored under this category outperformed NIFTY, which stood at -3.74%.
In this category, the Exposure Equity Index Strategy of Agreya Capital Advisors LLP tops the list with a monthly return of 0.84%. Followed by it, we have The Tulsian PMS Strategy of Tulsian PMS Pvt Ltd (0.06%) and the Growth &Value Strategy of JM Financial Services (-1.25%), constituting the top 3 strategies of this category.
Multi-cap:
The Multi-cap category recorded an average monthly return of -1.45% in September 2022. 136 out of 149 PMS strategies monitored under this category outperformed BSE 500, which stood at -3.25%
The 212* Growth Mantra Strategy of Turtle Wealth tops the list with a monthly return of 5.67%. Followed by it, we have the 212* Wealth Mantra Strategy of Turtle Wealth (2.73%) and Value Strategy of Bonanza (1.90%), constituting the top 3 performers of this category.
Thematic investment:
The Thematic category recorded an average monthly return of -2.41% in Sept 2022. Only 2 out of 12 strategies monitored in this category recorded positive returns this month.
The Healthcare Portfolio of Incred PMS tops the list with a monthly return of 2.60%. Followed by it, we have the second and third place occupied by the MNC Advantage strategy (0.30%) and Dividend Yield strategy (-1.14%) of Green Portfolio AMC.
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