Here are top PMS funds in September, most of them are fairly new
Data sought from PMS Bazaar shows the top ten funds which gave the highest returns in September, most of them have even outperformed the benchmark since inception
September’s top Portfolio Management Services (PMS) funds have given 5-9 percent returns in the month. Majority of these funds are fairly new with an experience of 1-5 years in PMS business. Let’s have a look at these PMS funds.
2/7
Invasset’s Growth Pro Max, managed by Anirudh Garg, has been outperforming the benchmark, S&P BSE 500 till now. The fund returned investors 9.4 percent in September when the benchmark gave 2.11 percent. Over a period of one year, the fund has given 63.33 percent returns while the S&P BSE 500 has given 17.48 percent returns. Anirudh Garg has over 15 years of experience in stock markets and is managing a PMS of over $10 million and a prop desk of over $20 million.
3/7
Abans Smart Beta has 98 percent of its portfolio in midcaps and the rest is in cash and equivalents. Managed by Abhishek Bansal, the fund has performed better than the benchmark in September and over a period of one year. However, over a period of three years, the S&P BSE 500 has fared better than the fund, giving 24.28 percent, while Smart Beta returned 23.05 percent to investors.
4/7
Managed by Nitin Agarwal, Torus Oro's All Weather fund is a fairly new portfolio that started in 2020. It has 56 percent and 40 percent in large caps and midcaps. The fund has returned investors 33.94 percent in the last six months, better than the S&P BSE 500 which gave 19.39 percent returns over the same period.
Jayant Mamania, a fund manager with 20 years of experience heads the PMS Care – Large and Midcap strategy fund, which is a 4 years old fund. The fund has more inclination towards metals and BFSI. The fund has performed better than the benchmark S&P BSE 500 in the last year. Where the fund gave 33.94 percent returns while the benchmark gave 17.48 percent returns. However, for a period of three years, the fund has fallen behind its benchmark.
6/7
The ACE multi-cap fund has a majority of its portfolio in small caps, which is 41.78 percent. The rest is in large caps and midcaps which is 31 percent and 21 percent respectively. The fund has performed better than its benchmark, Nifty 50, since the inception of the fund.
7/7
Samvitti’s Long Term Growth fund is focussed towards large and midcaps. It is managed by Prabhakar Kudva, who was selected as 40 under 40 investment managers by Association of International Wealth Management of India. The fund has put in more money towards the construction and financial services sector.
