The month of April was very positive for PMS strategies, even as key indices recorded reasonable returns during the month.

Strategies across market capitalizations did well in the month, exceeding standard benchmarks by a wide margin. In April, the Nifty 50 TRI delivered 1.24% returns, while the BSE 500 TRI gave 3.44% returns.
While FIIs were net sellers in the cash market during the month to the tune of 35,692 crore, DIIs were net buyers to the extent of Rs 44,186 crore in April.
The average return from the 386 PMS strategies was 6.3% in April. The top PMS strategies, however, delivered stellar double-digit returns during the month. In April, 360 strategies (more than 9 in 10) outperformed the Nifty TRI, while 301 funds (nearly 8 in 10) delivered more than the BSE 500 TRI.
The top performers’ list in the month was dominated by multiple strategies. Multi cap, small & midcap, and midcap funds were among the best in terms of returns.
Top 10 PMS Strategies of April 2024
The following are the top 10 funds from the 386 PMS strategies tracked and analysed by PMS Bazaar.
The top 10 schemes delivered excellent performances in April. These funds gave 15-18 times the Nifty TRI’s returns during the month and 4-6 times that of the BSE 500 TRI.
Incred Asset Management’s small & midcap strategy was the best-performing fund of the pack with 20.1% returns in April. The fund looks to invest in companies that are small, but have the potential to become large caps due to the market size, industry type, management, improving margins and return on capital employed.
The balanced portfolio of Prithvi Finmart took the second spot with 19.34% returns during the month.
Wallfort PMS and Advisory Services’ diversified fund came third with 19.13% returns in April. The strategy combines fundamental and technical analyses, apart from quantitative screening to arrive at a universe of stocks to invest in.
The performance of the top 10 strategies and their comparison with Nifty and BSE 500 for the month are given below.













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