Most portfolio management services schemes beat Nifty in June, shows data

June was a good month for portfolio management services (PMS) schemes, with 218 of 230 schemes under consideration outperforming the Nifty50. The schemes returned 4.1 per cent on average, better than the 0.9 per cent given by the benchmark.

Better performing strategies in June included Bonanza’s Value (14.1 per cent), Right Horizon’s Minerva India Under-served (13.3 per cent), and Roha Asset Managers’ Emerging Champions (13.1 per cent), the data from PMS Bazaar showed.

Large-cap PMS schemes (average returns of 1.9 per cent), mid-cap schemes (5 per cent), multi cap schemes (4.1 per cent), and small-cap (6.1 per cent) — outperformed their respective