Multicap PMS Funds Outperform Smallcaps, Delivering Up to 24% Returns in a Month

Key Takeaways:

1. 22 multicap PMS funds delivered double-digit returns of up to 24% in November, outperforming smallcap funds.
2. Credent Asset Management’s Growth Portfolio emerged as the top performer, yielding 24.3% returns in a month.
3. Carnelian Asset Advisors and Devina Mehra-owned First Global also achieved significant returns with their multicap strategies.
4. Saurabh Mukherjea-owned Marcellus Investment Managers’ smallcap strategy “Little Champs” underperformed, yielding just 0.7% returns in a month, while its multicap strategy “Consistent Compounders” performed well, delivering over 6% returns in the same period.

The provided information highlights the performance of various Portfolio Management Services (PMS) funds in November, with a focus on multicap, smallcap, large cap, midcap, and thematic strategies. Here’s a breakdown of the key points:

1. Multicap PMS Funds Outperform Smallcaps: In November, 22 multicap PMS funds delivered double-digit returns of up to 24%, outperforming smallcap funds. This bullish market trend led to significant returns for multicap strategies.

2. Top Performers:

Credent Asset Management’s Growth Portfolio multicap strategy emerged as the top performer, yielding 24.3% returns in a month. Carnelian Asset Advisors, led by market expert Vikas Khemani, saw its multicap strategy deliver nearly 14% returns in one month, with consistent double-digit returns over 3 months, 6 months, and 1 year.

Devina Mehra-owned First Global’s multicap strategy “India Super 50” provided nearly 8% returns in a month and over 21% returns in a 1-year period.

3. Smallcap Performance:

Among smallcap PMS funds, only two gave double-digit returns on a 1-month basis: Molecule Ventures’ “Growth” strategy and Right Horizons’ “Super Value” strategy, which yielded 18% and 11% returns, respectively.

Saurabh Mukherjea-owned Marcellus Investment Managers’ smallcap strategy “Little Champs” underperformed, yielding just 0.7% returns in a month, while its multicap strategy “Consistent Compounders” performed well, delivering over 6% returns in the same period.

4. Other Highlights:

Sundaram Alternates’ multicap and midcap strategies outperformed the small cap strategy, providing returns of more than 7-9% in a month.

Among the thematic PMS strategies, 11 out of 15 delivered returns exceeding 5% to as high as 13% in a month. Green Portfolio PMS’ “Dividend Yield” thematic strategy topped the list, providing more than 13% returns in a month.

Tulsian PMS topped the list among large cap strategies, delivering 13.5% returns in a month and nearly 26% returns to investors on a 1-year basis. This comprehensive overview provides insights into the performance of various PMS funds across different categories in November.

FAQ

Q1: How many multicap PMS funds delivered double-digit returns in November?

A1: At least 22 multicap PMS funds delivered double-digit returns of up to 24% in November.

Q2: Which multicap PMS fund emerged as the top performer, and what was its return?

A2: Credent Asset Management’s Growth Portfolio emerged as the top performer, yielding 24.3% returns in a month.

Q3: Did any smallcap PMS funds achieve double-digit returns in November?

A3: Only two smallcap PMS funds, Molecule Ventures’ “Growth” strategy and Right Horizons’ “Super Value” strategy, achieved double-digit returns of 18% and 11%, respectively.