PMS schemes, typically utilized by High Net Worth Individuals (HNIs) to invest their surplus capital, managed to deliver impressive returns of up to 18% in May, even as the Nifty50 TRI index remained flat ahead of the election results this month.
According to data from the PMSBazaar database, Unifi Capital’s HoldCo fund, which focuses on investing in listed holding companies across various industries, emerged as the top performer with a remarkable return of 17.88% last month.
ASK Lighthouse Portfolio also saw significant gains, achieving an 8.85% return in May. Other notable performers in the monthly list included Moat Financial, Shree Rama Managers, Maximal Capital, Prabhudas Lilladher, Dynamic Equities, Asit C Mehta, and Abans.
Among prominent fund managers, Deepak Shenoy’s Capitalmind Surge India fund posted a near 4% gain, while the Market Fund recorded a 2.56% return. Both funds are benchmarked against the Nifty50 TRI.
| PMS Fund | 1-Month Returns | Category |
| Unifi Capital HoldCo | 17.88% | Multicap |
| Ask Lighthouse Portfolio | 8.85% | Multicap |
| Moat UpperCrust Wealth Fund | 8.05% | Multicap |
| Moat Emerging Moat | 7.54% | Multicap |
| Shree Rama Managers Vriddhi Plan | 7.29% | Multicap |
| Maximal Capital’s Pathfinder Value Fund | 7.26% | Multicap |
| Mat Special Opportunities Fund | 7.25% | Multicap |
| Abans Smart Beta Portfolio | 6.86% | Multicap |
| Prabhudas Lilladher Aqua Strategy | 6.59% | Flexicap |
| Dynamic Equities Multicap | 6.47% | Multicap |
Saurabh Mukherjea’s Marcellus saw mixed results. The quant fund Meritor Q outperformed with a 1.66% return, and the midcap-heavy Rising Giants portfolio grew by 0.41%. However, three of Mukherjea’s funds experienced negative returns for the month: the smallcap-focused Little Champs fell by 4.24%, Kings of Capital lost 1.18%, and the Consistent Compounders fund declined by 0.77%.
Sunil Singhania’s Abakkus-run All Cap Approach recorded a growth of 0.48%, while the smallcap fund Emerging Opportunities lost 1.36% of its value.
Devina Mehra’s First Global’s Indian Multi Asset and India Super 50 funds recorded modest monthly growths of 0.34% and 0.16%, respectively. Samir Arora’s Helios India Rising fund posted a slight gain of 0.11%.
Overall, despite a flat performance from the Nifty50 TRI index, several PMS schemes demonstrated their ability to generate substantial returns, highlighting their appeal to HNIs seeking to optimize their surplus capital investments.
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(With Inputs)