According to data shared by PMS Bazaar, at least 15 PMS (Portfolio Management Services) funds gave double-digit returns in May, with the majority of these in the midcap and smallcap categories. The S&P BSE 500 index gave a total of 3.5% returns last month. Out of these 15 PMS funds, 13 of them beat their benchmark BSE 500 index in May.
Some of the PMS funds that made the list include Carnelian Advisors’ Shift Strategy multicap fund, Phillip Capital’s small- and midcap fund, Equirus Wealth’s smallcap fund, and Tulsian PMS’ largecap fund. Carnelian Advisors’ Shift Strategy multicap fund has given a return of 11.4% in May.
Apart from this, according to the same data, iThought Financial Advisors’ VRDDHI smallcap fund gave stellar returns across time frames. Meanwhile, Devina Mehra-owned First Global’s multicap fund India Super 50 gave nearly a 5% return in May.
Other prominent PMS funds that were gainers in May included the funds of ASK Investment Managers, Sundaram Alternates, Motilal Oswal, Ambit Investment Advisors, Centrum PMS, Turtle Wealth, Axis PMS, and Aditya Birla Sun Life AMC.
While most of the smallcap PMS funds managed to give benchmark-beating returns, Saurabh Mukherjea’s Little Champs fund continued to underperform in May, giving just a 0.1% return.
It is important to note that the recommendations, views, and opinions given by experts do not represent those of the The Economic Times.
