ICICI Prudential's Contra Strategy and Abakkus' All Cap Approach were the top two Portfolio Management Services (PMS) schemes, which saw the highest monthly net inflows in May, as per data by PMS AIF WORLD.
ICICI Prudential PMS's Contra Strategy attracted the highest inflows of Rs 464 crore in May, which pushed the AUM of the scheme to Rs 6,844 crore. The scheme’s May return was pegged at 3.50 percent.
Meanwhile, Abakkus Asset Manager’s All Cap Approach came in second, drawing in Rs 306 crore. The scheme’s AUM moved up to Rs 6,040 crore in May even as the return was a marginal 0.48 percent.
The third-highest inflow was registered by Buoyant Capital’s Opportunities Multi-cap, which collected Rs 225 crore. Incidentally, the scheme’s monthly return was a negative 1.13 percent in May even as the AUM rose to Rs 3,192 crore.
Thereafter, UNIFI’s Blended Fund-Rangoli was at the fourth position, with inflows of Rs 190 crore. The scheme’s AUM for May increased to Rs 14,847 crore, with a monthly return of -1.32 percent.
ValueQuest’s Growth Scheme saw the fifth-highest inflows, of Rs 141 crore. The scheme, however, saw a negative return of four percent in May with the AUM pegged at Rs 1,576 crore.
At the sixth spot was Stallion Asset’s Core Fund with an inflow of Rs 137 crore. The scheme’s AUM for May reached Rs 1,799 crore, with a monthly return of 1.62 percent.
The seventh position was occupied by Carnelian Capital’s Shift that witnessed inflows of Rs 133 crore. It saw a negative monthly return of 4.5 percent and the strategy's AUM increased to Rs 1,786 crore in May.
ICICI Prudential PMS’s PIPE Strategy saw the eighth-highest inflows of Rs 133 crore. The strategy’s AUM increased to Rs 5,623 crore, with a monthly return of 3 percent in May.
Motilal Oswal AMC’s Founders strategy secured the ninth spot, with inflows of Rs 95 crore while the tenth position was occupied by ValueQuest’s Platinum Scheme with inflows amounting to Rs 91 crore in May.
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