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At least 15 PMS funds, used by the rich to invest surplus capital for market-beating returns, managed to reward HNIs handsomely by delivering at least 10% return in April. Green Portfolio’s Super 30 Dynamic Fund was the top gainer from the pack with 17% returns in the month. Negen Capital’s special situations and technology fund also outshined with 13.63% returns, followed by Basant Maheshwari’s equity fund Equitree Capital’s emerging opportunities fund and Hem Securities’ SME fund, shows data pulled from PMSBazaar. Other top performers include Invasset, Bonanza, Lake Water Advisors, Aequitas and Badjate Stock and Shares. Samir Arora-run Helios Capital’s India Rising Fund was also among the top gainers with 7.2% returns. Sunil Singhania’s Abakkus Emerging Opportunities Fund returned 6.7% while Devina Mehra’s First Global gained 3.67%. Saurabh Mukherjea’s Marcellus outperformed — its Consistent Compounders fund outperformed Nifty with 6.67% returns. Mukherjea’s Rising Giants fund, which is a bet on midcaps, rose 5.3% while financials fund — Kings of Capital — was up 4.47%. During the month, in which Nifty went up 4.10%, only two PMS funds gave negative returns, according to PMSBazaar data. While Varanium Capital’s Emerging Leader Fund, focused on small and midcaps, reported a loss of 2.32%, Northern Arc’s debt fund (Income Builder Series A) also declined 0.45%. If the last one-year returns are considered, Hem Securities’ India Rising SME Stars is the topper with over 38% returns. Other top gainers of the last one year include Molecule Ventures, Fractal Capital, Unique Asset Management, Green Lantern and Aequitas

May 15, 2023

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