PMS Fund Managers: Star PMS Fund Managers are also losing money in stocks in difficult times


Several global macro headwinds are creating a perfect storm for the domestic equity market, nearly 85 percent PMS FundUsed by HNIs to park their surplus funds, failed to outperform Nifty in May. Only one PMS scheme launched recently has been successful in getting returns out of more than 280 schemes.

Green Portfolio’s Super 30 Fund was the biggest loser as it lost 14.8 per cent of its assets. other losers included

Focused Midcap Fund (-11.88 per cent) and India Opportunities Portfolio (IOP) V2 (-11.22 per cent), Right Horizon’s Alphabots India Prime (-11.17 per cent), Sunil Singhania’s Abacus Emerging Opportunities (-10.7 per cent) and Ask Investment Managers Indian Entrepreneurship Portfolio (-9%) shows PMSB market data.

Agreya Capital Advisors’ Portfolio Return Optimizer strategy managed to achieve a modest return of 1.79 per cent in the month of May. The fund, launched just 2 months back, is focused on capturing the short term trends in equity market indices.

Headline index Nifty 50 fell 3.03 per cent in May, while selling in the broader market was sharp. During this period, Nifty Midcap 100 declined 5.33 per cent and Nifty Smallcap 100 declined 10.2 per cent.

Among the big names, Singhania’s Emerging Opportunities Fund, which focuses on small and midcaps, was the worst performer – down 10.7 per cent. Ask Investment Managers’ plans have lost up to 9 percent Saurabh MukherjeeK’s midcap-focused Rising Giants declined 7.44 per cent. His widely-tracked Constant Compounders portfolio also took down 6.62 percent of its value.

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First Global’s Indian Multi-Asset Fund, run by Devina Mehra, declined 4.6 per cent, while Helios Capital’s India Rising Multicap Fund, run by Sameer Arora, lost nearly 4 per cent.

Arora said that if the US market stabilizes and stops reacting to bad news related to particular stocks, inflation, comments from the Federal Reserve, etc., one could be bullish. “I don’t think we can be bullish on India until the market at least stabilizes,” he told ET Now.


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