Most PMS schemes underperform Nifty50 in Oct with avg returns of 0.85%

The strategies have performed far better in a one year period, with average returns of 3.7 per cent for 179 schemes against -2 per cent returned by Nifty50

Ninety per cent of the 190 PMS strategies have underperformed the Nifty50 in October with average returns of 0.85 per cent against 3.5 per cent for the benchmark. 

Top performing strategies in the month include Alder Capital PMS (7.1 per cent), Marcellus’ Consistent Compounders (6.7 per cent) and Trivantage Capital Management’s Super Six (6.7 per cent), data from PMS Bazaar shows. Midcap funds was the only category that beat its benchmark Nifty Midcap 100 (0.5 per cent) with average category returns of 0.8 per cent. Large Cap funds (average returns of 1.9 per cent), multi cap (0.9 per cent) and