Minerva India Underserved, Dynamic PMS outdid Nifty in August

Last month was challenging for fund managers, especially those focused on the broader markets. Even as the benchmark Nifty50 rose 8.7 per cent, the Nifty Midcap 100 gained only 2.2 per cent and the Nifty Smallcap 100 fell 2.5 per cent. Overall, the market breadth too was weak.
 
Despite a challenging set-up, half a dozen PMS schemes managed to beat the Nifty. Right Horizon’s Minerva India Underserved continued its dream run, gaining 13.1 per cent in August.
 
The scheme, which largely focuses on under-penetrated businesses with long-term growth potential, has delivered returns of 110.3 per cent over the