A range of quantitative, thematic, multi-cap and small-cap PMS strategies posted strong gains in April, with top performers delivering returns of up to 44.39% amid a sharp equity market rebound. Broader markets led the rally, while debt-focused strategies largely underperformed or delivered muted gains.

PMS Tracker: Money Grow Asset, Green Portfolio, 12 others post up to 44% returns in April

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A select set of quantitative, thematic and multicap portfolio management services posted sharp gains in April, with returns climbing as high as 44.39% amid a strong rebound in equities that saw the benchmark Nifty rally more than 7% during the month.

Money Grow Asset’s equity strategy emerged as the top performer for the month, delivering a strong return of 44.39%, data from PMSBazaar showed. The smallcap and midcap portfolio outpaced peers in the first month of the new financial year.

During the month, the real outperformance came from the broader markets. The Nifty Midcap 150 climbed 10.7%, and the Nifty Smallcap 250 surged 13.4% to 16,731. Leading the rally was the Nifty Microcap 250, which jumped 16.2%.

Hem Securities’ India Rising SME Stars followed closely, delivering nearly a 37% gain during the month. Its Dynamic Research and Emerging Fund in the multicap and flexicap category also performed strongly, rising 18.70%, according to April data.

Portfolio management services focused on thematic and mid and smallcap strategies dominated the performance charts in April, according to PMSBazaar data.

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Green Portfolio Pvt Ltd’s Super 30 Dynamic strategy delivered returns of 31.92%. The strategy is benchmarked against the S&P BSE 500 TRI and falls under the thematic category.

Waya Financial Technologies Pvt Ltd’s Bin73 Sunrise Alpha strategy followed with returns of 30.05%, while Wallfort Fund Management LLP’s Diversified Fund posted gains of 27.50%. Both strategies are categorised under small and midcap strategies.

NAFA Asset Managers Pvt Ltd’s Clean Tech Portfolio generated returns of 27.45%, while Ametra Investment Managers Private Limited’s Ametra FactorAlpha Smallcap delivered 27.03%.

Among multicap and flexicap offerings, Amaltas Asset Management LLP’s Keystone Fund returned 26.97%, while White Pine Investment Management Private Limited’s White Pine India Emerging Stars gained 25.36%. Money Grow Asset Pvt Ltd’s Blend strategy also featured on the list with returns of 25.12%.

NMR Capital Advisors LLP’s NMR Growth Strategy delivered 25.36% returns in the smallcap category, while Globe Capital Market Ltd’s Value strategy generated 25.04%.

On the other hand, debt-oriented portfolio management strategies largely dominated the list of weakest performers, according to PMSBazaar data for April.

Scient Capital Pvt Ltd’s Aries PMS emerged as the worst-performing strategy on the table, declining 6.76% over the one-month period and 7.35% over three months. The strategy falls under the debt category and is benchmarked against the Crisil Credit Index.

Among equity strategies, Ametra Investment Managers Private Limited’s Ametra FactorShields posted a 0.66% return for the month but declined 8.72% over the three-month period.

Several debt strategies delivered muted gains during the period. AlfAccurate Advisors’ AAA Liquid returned 0.33%, while Dezerv Investments Private Limited’s Corporate Surplus Management Strategy and Dynamic Debt Strategy posted returns of 0.68% and 0.74%, respectively.

Northern Arc Investment Managers Pvt Ltd’s Credit Opportunities Strategy gained 0.68%, while Karvy Capital Ltd’s Excel and Demeter strategies returned 0.71% and 0.73%, respectively. Sundaram Alternate Assets Ltd’s FIRST Conservative Strategy delivered a return of 0.81%.

While quantitative, smallcap, multicap and thematic portfolios delivered strong gains, several debt-focused strategies ended the period with declines or muted performances.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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