Most portfolio management service schemes in red in February, shows data

Most of the portfolio management service (PMS) schemes delivered negative returns in February, with 217 (80 per cent) of the 268 schemes underperforming the Nifty50. The schemes returned -5.5 per cent on average, lower than the -3.15 per cent given by the benchmark.

Schemes that managed to buck the trend and eke out positive returns include Oro Asset Management’s All Weather Port­fo­lio (1.1 per cent), Counter Cyclical Investments’ Long Term Value (0.9 per cent), and Invasset’s Growth Pro Max Fund (0.1 per cent), the data from PMS Bazaar showed.

Large-cap PMS schemes (average returns of -3.5 per cent) and multi-cap