PMS schemes gain in June; 70% beat Nifty over one year, shows data

The schemes extended by portfolio management services (PMS) ended with gains in June but a majority of them underperformed the Nifty. Of the 170 strategies tracked by PMSBazaar, 68 beat the Nifty, which had gained 7.5 per cent during the month. Globe Capital Market Value was the best performer, with returns of 23.4 per cent.

For the quarter, about a third of the schemes managed to beat the benchmark index (up 19.8 per cent for the three months ended June 30), with average returns of 17 per cent for the large-cap, 17.4 per cent for multi-cap, 20.2 per cent for