With Supply Shocks & Fed Rate Hikes, PMS Performance Dips in May 2022

May month saw a dip in the monthly returns of PMS schemes due to the war-induced supply shocks and inflation-induced Fed rate hikes. Only 40 of the 270 PMS equity schemes in the PMS Bazaar radar outperformed NIFTY and just one equity scheme out of them produced a positive monthly return in May 2022.

15 Jun 2022
With Supply Shocks & Fed Rate Hikes, PMS Performance Dips in May 2022

Top 10 PMS strategies of May 2022:

Here are the top 10 PMS strategies identified from the 270 equity strategies monitored & analyzed by PMS Bazaar.


*Note: All the returns mentioned in this report are based on the 270 PMS equity schemes monitored by PMS Bazaar.

The Portfolio Return Optimiser Strategy of Agreya Capital Advisors LLP tops the list, yielding a monthly return of 1.79% in May 2022. This strategy aims to enhance the returns of underlying equity and debt holding by investing in derivatives for capturing short-term trends in the equity market indices.

The BOP Strategy of MOTILAL OSWAL AMC occupies second place, yielding a monthly return of -0.50% in May 2022. This strategy aims to predominantly invest in Small and Midcap stocks with a focus on identifying potential winners.

The Core Value Strategy - Concentrated of O3 Securities Private Limited occupies 3rd place, yielding a monthly return of -0.57% in May 2022. This strategy aims to achieve capital appreciation through investment in a diversified portfolio of strong businesses, purchased at a reasonable valuation.

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Here is a chart depicting the monthly returns of top-performing equity PMSes in comparison with the NIFTY index for the month of May 2022: 


Category-wise analysis of Portfolio management services:

Here is a comparison of average returns of different categories of PMS strategies for the month of May 2022:


Let us look in-depth into each category and identify the top 3 performers in each segment.

Small-cap:

The Small-cap category recorded an average monthly return of -7.24% in May 2022. 9 out of 15 PMS strategies monitored in this category outperformed BSE Small cap, which stood at -7.83%.


The Micro Strategy of Centrum PMS tops this category, yielding a monthly return of -3.91%. Followed by it, we have the Little Champs Strategy of Marcellus (-4.55%) and the Small Cap Strategy of NAFA Asset Managers (-4.55%), constituting the top 3 performers in this category. 


Small & Midcap:

The small & mid-cap category yielded an average monthly return of -7.03% in May 2022. 

The Emerging Star Strategy of Composite Investments Private Limited tops this list with a monthly return of -3.21%. Followed by it we have the SSP Strategy of Aditya Birla Sun Life AMC (-4.48%) and the Growth Strategy of Green Lantern Capital LLP (-5.25%), constituting the top 3 performers in this category.

Mid-cap: 

The Mid-cap category recorded an average monthly return of -6.59% in May 2022. 8 out of 21 PMS strategies monitored in this category outperformed NIFTY MIDCAP 100, which stood at -5.33%.


The Ace Midcap Strategy of Asit C Mehta Investment Intermediates Ltd tops this list, yielding a monthly return of -2.80%. Followed by it, we have the Gems Strategy of Emkay Investment Managers (-3.48%) and the Good & Clean Strategy of Ambit Investment Advisors (-3.98%), constituting the top-3 strategies of this category. 



Large & Mid-cap:
The Large & Mid-cap category recorded an average monthly return of -4.06% in May 2022. 

The Upside AI 250 Strategy of the Upside AI tops this category with a monthly return of - 2.42%. Followed by it, we have the SRE Shield Strategy of Sykes & Rays Equities (-2.42%) and the Alpha Strategy of Green Lantern Capital LLP (-2.89%), constituting the top 3 strategies of this category.


Large-cap: 
The Large-cap category recorded an average monthly return of -3.72% in May 2022. 7 out of 22 strategies monitored under this category outperformed NIFTY, which stood at -3.03%.  


In this category, the Portfolio Return Optimiser Strategy of Agreya Capital Advisors LLP tops the overall list as well as the Large Cap Category with a monthly return of 1.79%. Out of 270 PMS schemes under the radar, this is the only scheme to yield positive returns in the month of May 2022. Followed by it, we have the Large Cap Strategy of Acepro Advisors Private Limited (-0.73%) and the Ace 15 Strategy of Asit C Mehta Investment Intermediaries (-1.17%), constituting the top 3 strategies of this category. 


Multi-cap:
The Multi-cap category recorded an average monthly return of -5.47% in May 2022. 52 out of 147 PMS strategies monitored under this category outperformed BSE 500, which stood at -4.48%


The BOP Strategy of Motilal Oswal AMC tops the list with a monthly return of -0.50%. Followed by it, we have the Core Value Strategy – Concentrated (-0.57%) and Core Value Strategy - Regular (-0.93) of O3 Securities Private Limited, constituting the top 3 performers of this category. 


Thematic investment:
The Thematic category recorded an average monthly return of -5.40% in May 2022

The MNC PMS Strategy of Anand Rathi Advisors tops the list, recording monthly returns of -0.75%. Followed by it, we have India next Portfolio Strategy of Renaissance (-1.88%) and the Rise Strategy of Invesco (-2.34%) constituting the top 3 strategies of this category.



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