The top five portfolio management services (PMS) have given returns between 17-20 percent in April. InCred Asset Management's Small and Midcap Portfolio has given the highest returns of 20.18 percent in April. It is followed by Prithvi Finmart's Balanced portfolio with a 19.34 percent return in April. Wallfort PMS' Diversified portfolio and Investsavy PMS' Alpha fund have given returns of 19.13 percent and 17.17 percent, respectively. Green Lantern Capital's Growth Fund occupies the fifth position with 17.69 percent returns in the same period.
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InCred Asset Management's Small and Midcap Portfolio has a strategy to invest in companies where the market capitalisation is small at the time of investment but has the potential to become a midcap or a largecap company on account of factors including large total addressable market, fast growing industry, owner operator management, improving margins, and RoCE.
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Prithvi Finmart's Balanced portfolio was started in July 2023 and is managed by Janak Kotecha, director at Prithvi Finmart. The relatively new fund has assets under management (AUM) totalling Rs 90.6 crore and invests in multi-cap opportunities.
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Wallfort PMS and Advisory Services' Diversified Portfolio invests in high-conviction small and midcap companies and has a portfolio of 15-20 stocks. The investment approach of the fund includes evaluating companies on the basis of promoter integrity and track record and whether the promoter has been fair towards minority shareholders. Further, it analyses if the company has a strong moat over competitors. The portfolio is managed by Kushal Kedia and Vijay Bharadia.
Investsavy Portfolio Management's Alpha Fund was started in July 2022 and is managed by Ashish Goel, managing director and CEO of the PMS firm. The fund, with an AUM of Rs 60 crore, is a flexi-cap focused fund. The top five sectors in terms of exposure include banks, iron & steel, renewable energy, hospitals, and exploration & production companies.
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Green Lantern Capital's Growth Fund was started in December 2017 and has an AUM of Rs 406 crore. The portfolio is managed by Nilesh Doshi, MD & CEO of Green Lantern Capital. The PMS maintains a 3-5 years horizon with a portfolio of around 20-25 companies that have a potential to generate a healthy return on capital and are trading at high margin of safety.
