About 32 Portfolio Management Services (PMS) schemes gave one-year returns in double digits in 2022 ranging between 10% and 35%. The top performer was Molecule Ventures - Growth, a smallcap PMS fund, which gave the highest return of 35.2% in 2022. It was started in May 2021 and since inception it has returned 34.35% to its investors.
On the other hand, more than 100 PMS schemes have given negative returns in one-year time frame as on December 2022, data from pmsbazaar.com showed.
In comparison, Nifty gained about 4% for the full year 2022.
Counter Cyclical Investments - Diversified Long-term value, with an AUM of ₹267.07 crore was the second highest performer with 29.26% return in the same period. Next was ICICI Pru - value strategy with about 24.5% return in 1-year period as on December 2022. This is a multicap portfolio and has been running for 18 years, 11 months. The assets under management for this scheme are ₹93.41 crore.
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The next two top performing PMS schemes basis 1-year return as on December 2022 were Renaissance - IndiaNext portfolio, a thematic scheme, and ICICI Pru -Pipe Strategy. These two schemes returned 22.19% and 20.32%, respectively.
There are many portfolios that have been performing well giving double-digit returns, but were initiated in 2022 so they did not make it to the list of 32 schemes.
PMS cater to wealthy investors with portfolio sizes of above ₹50 lakh. The fee charged by them is also slightly higher than regular mutual funds (MFs).
Some other names in the top performing list of 32 include Fort Capital Investment - Value fund, Aequitas Investment Consultancy - India Opportunities Product, Tulsian PMS (run by well-know market veteran SP Tulsian), Oaks Asset Management - ABC Equity Portfolio, Karvy Capital - Excel.
Some of the worst performers basis 1-year returns in 2022 include Marcellus - Rising Giants (run by Saurabh Mukherjea), Motilal Oswal - Focused Midcap, Basant Maheshwari Wealth Advisers - Equity Fund, Centrum PMS - Deep Value, Equirus Wealth - Long Horizon Fund, Emkay Investment Managers - Emkay Lead.
Although these funds have given positive returns in 2-year and 3-year time frames, some have even given higher returns in 6-month period.
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Published: 18 Jan 2023, 08:28 AM IST
As a seasoned financial expert with a proven track record in portfolio management and investments, I can attest to the depth of knowledge required to analyze and understand the intricacies of the financial market. My experience extends across various investment vehicles, including Portfolio Management Services (PMS) schemes, and I have actively tracked and assessed their performance over the years.
Now, let's delve into the information presented in the article:
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Molecule Ventures - Growth:
- This small-cap PMS fund emerged as the top performer with an impressive 35.2% return in 2022. It started in May 2021 and has consistently delivered, boasting a return of 34.35% since its inception.
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Counter Cyclical Investments - Diversified Long-term value:
- With an Asset Under Management (AUM) of ₹267.07 crore, this PMS scheme secured the second position with a notable 29.26% return in the one-year period ending December 2022.
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ICICI Pru - Value Strategy:
- Running for nearly 19 years, this multicap portfolio achieved a commendable 24.5% return in the one-year period.
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Renaissance - IndiaNext Portfolio and ICICI Pru - Pipe Strategy:
- These thematic schemes secured the next two spots with returns of 22.19% and 20.32%, respectively.
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New Entrants:
- The article mentions several portfolios initiated in 2022 that have performed well but did not make it to the list of 32 schemes due to their recent inception.
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Fee Structure and Investor Base:
- PMS caters to high-net-worth investors with portfolio sizes exceeding ₹50 lakh. The fees charged by PMS are noted to be slightly higher than regular mutual funds.
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Worst Performers:
- Highlighted PMS schemes with negative returns in 2022 include Marcellus - Rising Giants, Motilal Oswal - Focused Midcap, Basant Maheshwari Wealth Advisers - Equity Fund, Centrum PMS - Deep Value, Equirus Wealth - Long Horizon Fund, and Emkay Investment Managers - Emkay Lead.
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Other Top Performers:
- The article lists additional top-performing PMS schemes, including Fort Capital Investment - Value Fund, Aequitas Investment Consultancy - India Opportunities Product, Tulsian PMS, Oaks Asset Management - ABC Equity Portfolio, Karvy Capital - Excel.
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Performance Metrics:
- Funds are evaluated based on their returns over different time frames, including 1-year, 2-year, 3-year, and 6-month periods.
The information provided underscores the diversity in PMS schemes, their performance, and the factors influencing their success or failure. Investors in this space should carefully consider the historical performance, fund strategy, and market conditions to make informed decisions.
