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Over 20 stocks from top 5 PMS schemes outperformed Nifty in December; worth a look?

Small & midcaps captured the limelight after two straight years of underperformance, and if we look at the PMS schemes which outperformed the index are mostly from the broader market space.

January 28, 2021 / 10:00 AM IST
Representative image.

Representative image.

Bulls managed to control the market in December with benchmark indices gaining about 7 percent each during the month and around 15 percent each in the year 2020. Meanwhile, small & midcap indices outperformed rising about 20 percent each in the same period.

Small & midcaps were in the limelight after two straight years of underperformance. Even the PMS schemes that outperformed were mostly from the broader market space.

Portfolio Management Services (PMS) cater to wealthy investors with portfolio sizes exceeding Rs 50 lakh. The professional fee structure is also different from a regular mutual fund (MF).

Out of 191 schemes that PMSBazaar.com tracks, 44 posted gains more than Nifty in December. Negen Capital's Smallcap Emerging fund, which is a multicap theme was the top gainer in December, rising 12.83 percent on a month-on-month basis.