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Sectors that PMS expect big returns from in 2024

From financial services to healthcare and chemicals, here are top sectors that PMS fund managers believe have promising prospects

Dhuraivel Gunasekaran | April 08, 2024 / 06:33 IST
1/11
Fund managers of the Portfolio Management Services (PMS), typically, opt for a bottom-up approach when constructing their portfolio. However, they also look at sectors in which these stocks fall under, to evaluate how the changing macro and other environments could impact their portfolio. Here are the top 10 sectors among the PMS managers. PMS fund managers believe that these sectors have promising prospects. Source: Finalyca PMS Bazaar. Finalyca considered only the strategies disclosed their portfolio and Assets Under Management (AUM). Data as of February 2024.
Fund managers of Portfolio Management Services (PMS) typically opt for a bottom-up approach when constructing their portfolio. However, they also look at sectors in which these stocks fall under to evaluate how the changing macro and other environments could impact their portfolio.
We take a look at the top 10 sectors the PMS managers believe have promising prospects. Source: Finalyca PMS Bazaar. Data as of February 2024.
2/11
Financial Services Weight of the PMS industry: 26.6% Top three preferred stocks in the sector: ICICI Bank, HDFC Bank and SBI
Financial Services
Weight of the PMS industry: 26.6%
Top three stocks in the sector: ICICI Bank, HDFC Bank, and SBI
3/11
Capital Goods Weight of the PMS industry: 11.5% Top three preferred stocks in the sector: Bharat Electronics, APL Apollo Tubes and Hindustan Aeronautics Also see: This high alpha strategy fund topped charts in FY24: Here are the Top 10 stocks
Capital Goods
Weight of the PMS industry: 11.5%
Top three stocks in the sector: Bharat Electronics, APL Apollo Tubes, and Hindustan Aeronautics

Also see: This high alpha strategy fund topped charts in FY24: Here are the Top 10 stocks
4/11
Healthcare Weight of the PMS industry: 9.8% Top three preferred stocks in the sector: Divis Lab, Sun Pharma and Dr Reddys Lab
Healthcare
Weight of the PMS industry: 9.8%
Top three stocks in the sector: Divis Lab, Sun Pharma, and Dr Reddys Lab
5/11
IT Weight of the PMS industry: 6.9% Top three preferred stocks in the sector: Infosys, TCS and HCL Technologies Also see: Gold rewards investors. But don’t go overboard, it’s just an asset allocator
IT
Weight of the PMS industry: 6.9%
Top three stocks in the sector: Infosys, TCS, and HCL Technologies

Also see: Gold rewards investors. But don’t go overboard, it’s just an asset allocator
6/11
Automobiles Weight of the PMS industry: 6.8% Top three preferred stocks in the sector: Maruti Suzuki India, Mahindra & Mahindra and Tata Motors
Automobiles
Weight of the PMS industry: 6.8%
Top three stocks in the sector: Maruti Suzuki India, Mahindra & Mahindra, and Tata Motors
7/11
Consumer Durables Weight of the PMS industry: 5.4% Top three preferred stocks in the sector: Titan Company, Asian Paints and Safari Industries (India)
Consumer Durables
Weight of the PMS industry: 5.4%
Top three stocks in the sector: Titan Company, Asian Paints, and Safari Industries (India)
8/11
Consumer services Weight of the PMS industry: 4.5% Top three preferred stocks in the sector: Trent, Zomato and Indian Hotels Also see: The winners’ club: Here’s the list of the top performing equity mutual funds across categories in 2023-24
Consumer services
Weight of the PMS industry: 4.5%
Top three stocks in the sector: Trent, Zomato, and Indian Hotels

Also see: The winners’ club: Here’s the list of the top performing equity mutual funds across categories in 2023-24
9/11
FMCG Weight of the PMS industry: 4.5% Top three preferred stocks in the sector: ITC, Varun Beverages and United Spirits
FMCG
Weight of the PMS industry: 4.5%
Top three stocks in the sector: ITC, Varun Beverages, and United Spirits
10/11
Chemicals Weight of the PMS industry: 3.9% Top three preferred stocks in the sector: PI Industries, SRF and Pidilite Industries
Chemicals
Weight of the PMS industry: 3.9%
Top three stocks in the sector: PI Industries, SRF, and Pidilite Industries
11/11
Services Weight of the PMS industry: 3.5% Top three preferred stocks in the sector: Interglobe Aviation, CMS Info Systems and eClerx Services Also see: 10 mid-cap gems that children-oriented MFs love to hold for the long term
Services
Weight of the PMS industry: 3.5%
Top three stocks in the sector: Interglobe Aviation, CMS Info Systems, and eClerx Services

Also see: 10 mid-cap gems that children-oriented MFs love to hold for the long term

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