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Higher risk for higher returns: The top midcap and smallcap PMS stocks to bet on

Prudent stock selection in the midcap and smallcap space helped many PMS strategies to deliver better returns in an otherwise volatile market last year

January 21, 2023 / 12:27 PM IST
Indian equity market saw a roller-coaster ride in 2022. After moving downwards in the first half, stocks showed a strong upward move in the second half. But, not all stocks, especially the mid- and small- cap space participated in the rally. Large-cap indices outperformed the midcap and smallcap indices in the year of 2022. Investment vehicles such as mutual funds, Unit-Linked Insurance Plans (ULIP) and Portfolio management services (PMS) followed suit. As far as the PMS strategies, of the 300 PMS strategies, 131 strategies delivered positive return in 2022, PMSBazaar data show. Here are the top performing PMS strategies in 2022, as per PMSBazaar data. Interestingly, strategies that held major allocation to midcap and smallcap stocks mostly were the top of the chart in 2022. Prudent stock selection helped those strategies to deliver returns up to 35% during the period.
1/16
Indian equity market saw a roller-coaster ride in 2022. After moving downwards in the first half, stocks showed a strong upward move in the second half. But, not all stocks, especially the mid- and small- cap space participated in the rally. Large-cap indices outperformed the midcap and smallcap indices in the year of 2022. Investment vehicles such as mutual funds, Unit-Linked Insurance Plans (ULIP) and Portfolio management services (PMS) followed suit. As far as the PMS strategies, of the 300 PMS strategies, 131 strategies delivered positive return in 2022, PMSBazaar data show. Here are the top performing PMS strategies in 2022, as per PMSBazaar data. Interestingly, strategies that held major allocation to midcap and smallcap stocks mostly were the top of the chart in 2022. Prudent stock selection helped those strategies to deliver returns up to 35% during the period.
Molecule Ventures – Growth Category: Small-cap Investment attributes: Investment objectives of the strategy is to achieve appreciation through medium to long term investments in quality companies with strong growth prospects, mostly in the mid and small cap
2/16
Molecule Ventures – Growth
Category: Small-cap
Investment attributes: Investment objectives of the strategy is to achieve appreciation through medium to long term investments in quality companies with strong growth prospects, mostly in the mid and small cap
Counter Cyclical Investments - Diversified Long Term Value Category: Small-cap Investment attributes: It manages a diversified portfolio of high quality small caps with strong, competent & honest management that are available at a discount
3/16
Counter Cyclical Investments - Diversified Long Term Value
Category: Small-cap
Investment attributes: It manages a diversified portfolio of high quality small caps with strong, competent & honest management that are available at a discount
ICICI Prudential - Value Strategy Category: Multi-cap Investment attributes: It chooses to invest in stock which trades at valuations that are significantly below the estimated fair value of the company
4/16
ICICI Prudential - Value Strategy
Category: Multi-cap
Investment attributes: It chooses to invest in stock which trades at valuations that are significantly below the estimated fair value of the company
Renaissance - Indianext Portfolio Category: Thematic Investment attributes: It follows a theme based investment strategy
5/16
Renaissance - Indianext Portfolio
Category: Thematic
Investment attributes: It follows a theme based investment strategy
ICICI Prudential - Pipe Strategy Category: Small-cap Investment attributes: It invests in companies with market capitalization less than the largest market capitalisation stock in S&P BSE Smallcap Index
6/16
ICICI Prudential - Pipe Strategy
Category: Small-cap
Investment attributes: It invests in companies with market capitalization less than the largest market capitalisation stock in S&P BSE Smallcap Index
ICICI Prudential - Contra Strategy Category: Multi-cap Investment attributes: It invests in under-performing sectors and stocks that are available at intrinsic valuations
7/16
ICICI Prudential - Contra Strategy
Category: Multi-cap
Investment attributes: It invests in under-performing sectors and stocks that are available at intrinsic valuations
Fort Capital Investment Advisory - Value Fund Category: Small-cap Investment attributes: It invests primarily in smallcap and microcap stocks
8/16
Fort Capital Investment Advisory - Value Fund
Category: Small-cap
Investment attributes: It invests primarily in smallcap and microcap stocks
Aequitas Investment Consultancy - India Opportunities Product Category: Small-cap Investment attributes: It invests mainly in smallcap stocks aiming to generate long term wealth
9/16
Aequitas Investment Consultancy - India Opportunities Product
Category: Small-cap
Investment attributes: It invests mainly in smallcap stocks aiming to generate long term wealth
Trivantage Capital Management - Focussed Corp Lenders (Plan B) Category: Thematic Investment attributes: It holds a portfolio of equity and equity-related securities of especially from Indian Financial Institutions
10/16
Trivantage Capital Management - Focussed Corp Lenders (Plan B)
Category: Thematic
Investment attributes: It holds a portfolio of equity and equity-related securities of especially from Indian Financial Institutions
Renaissance - Midcap Portfolio Category: Mid-cap Investment attributes: It holds a concentrated portfolio of holding around 20 stocks. It tries to identify high growth businesses at their early stage
11/16
Renaissance - Midcap Portfolio
Category: Mid-cap
Investment attributes: It holds a concentrated portfolio of holding around 20 stocks. It tries to identify high growth businesses at their early stage
Right Horizons - Minerva India Under-Served Category: Small-cap Investment attributes: It holds a concentrated portfolio with 10-20 stocks
12/16
Right Horizons - Minerva India Under-Served
Category: Small-cap
Investment attributes: It holds a concentrated portfolio with 10-20 stocks
Tulsian PMS - Tulsian PMS Category: Large-cap Investment attributes: It holds a balanced portfolio consisting of a mix of large cap, mid cap, small cap and micro-cap stocks
13/16
Tulsian PMS - Tulsian PMS
Category: Large-cap
Investment attributes: It holds a balanced portfolio consisting of a mix of large cap, mid cap, small cap and micro-cap stocks
Spark Fund Managers - India @75 Core & Satellite Category: Flexi-cap Investment attributes: Portfolio of the strategy consists 12-18 stocks and is built using a flexicap approach
14/16
Spark Fund Managers - India @75 Core & Satellite
Category: Flexi-cap
Investment attributes: Portfolio of the strategy consists 12-18 stocks and is built using a flexicap approach
Ithought Financial Consulting – SPHERE Category: Multi Asset Investment attributes: Ithought’s Sphere strategy invests across multiple asset classes and to provide a holistic investment structure
15/16
Ithought Financial Consulting – SPHERE
Category: Multi Asset
Investment attributes: Ithought’s Sphere strategy invests across multiple asset classes and to provide a holistic investment structure
OAKS Asset Management - ABC Equity Portfolio Category: Flexi-cap Investment attributes: This strategy tries to capture select transformative trends which are currently undervalued & under owned, via a concentrated portfolio
16/16
OAKS Asset Management - ABC Equity Portfolio
Category: Flexi-cap
Investment attributes: This strategy tries to capture select transformative trends which are currently undervalued & under owned, via a concentrated portfolio