PMS Tracker: Top Portfolio Management Services Achieve Up to 44% Returns in April
PMS Tracker: Money Grow Asset, Green Portfolio, 12 others post up to 44% returns in April
The Economic Times
Image: The Economic Times
In April, select portfolio management services recorded remarkable returns, with Money Grow Asset's equity strategy leading at 44.39%. The Nifty index surged over 7%, reflecting a strong equity market rebound, while thematic and smallcap strategies significantly outperformed traditional debt-focused portfolios.
- 01Money Grow Asset's equity strategy achieved the highest return of 44.39% in April.
- 02The Nifty index rose by over 7%, with midcap and smallcap indices performing exceptionally well.
- 03Thematic and smallcap strategies dominated performance charts, while debt-oriented strategies lagged.
- 04Hem Securities’ India Rising SME Stars delivered nearly 37% returns.
- 05Debt-focused strategies, such as Scient Capital's Aries PMS, faced declines.
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In April, a range of portfolio management services (PMS) saw significant returns, with Money Grow Asset's equity strategy leading the pack at 44.39%. This surge coincided with a robust performance in the equity market, where the Nifty index rose by more than 7%. The Nifty Midcap 150 and Nifty Smallcap 250 indices saw impressive gains of 10.7% and 13.4%, respectively, while the Nifty Microcap 250 surged 16.2%. Hem Securities’ India Rising SME Stars closely followed Money Grow with nearly 37% returns. Other notable performers included Green Portfolio Pvt Ltd’s Super 30 Dynamic strategy at 31.92% and Waya Financial Technologies' Bin73 Sunrise Alpha at 30.05%. Conversely, debt-oriented strategies struggled, with Scient Capital's Aries PMS declining 6.76% for the month. Overall, while equity-focused strategies thrived, many debt strategies reported muted or negative performance during the same period.
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Investors in equity-focused portfolio management services can expect substantial gains, potentially enhancing their investment portfolios significantly. Conversely, those in debt-oriented strategies may need to reassess their options due to recent underperformance.
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