Kotak Mahindra AMC, Aequitas among top 10 equity PMS performers in 2025. Full list here

Indian equities remained volatile amid sectoral churn in December 2025, with investors favouring selective stock and theme-based strategies. Against this backdrop, 10 equity PMS portfolios stood out based on their performance as of December 2025. The list includes quant, value, thematic and diversified strategies. Here’s how these portfolios are positioned through their top holdings in the current market environment.

East Green Advisors’ Quant Strategy delivered a performance of 8.33% as of December 2025, the highest among the top 10. Its top holdings include Silverbees (9.04%), Cupid Limited (8%), Goldbees (6.54%) and Lumax Auto Technologies (4.24%). The portfolio reflects a quantitatively driven allocation across equities and ETFs.

Kotak Mahindra AMC’s Fintech strategy posted a performance of 5.15% as of December 2025. The portfolio’s largest holdings are Shriram Finance (38%), HDFC Bank (20.65%), Cholamandalam Investment and Finance (16.03%), Piramal Finance (12.23%) and IndusInd Bank (11.55%). The strategy shows a strong tilt towards financial services companies.

Aequitas’ India Opportunities Product recorded a performance of 5.07% as of December 2025. Its top holdings include Gold ETF (87.5%), Cash and Cash Equivalents (4.69%), Silver ETF (2.57%), Technocraft Industries (2.01%) and Petronet LNG (1.16%). The portfolio combines equity exposure with defensive allocations.

Merisis Advisors’ Catalyst Series 1 delivered a performance of 4.09% as of December 2025. Key holdings include Gujarat Ambuja Exports (24%), Ramco Systems (22.7%) and Jubilant Ingrevia (20.4%).

The Wealth Maximizer strategy by MRG Investment Partners reported a performance of 3.27% as of December 2025. The portfolio’s top holdings include ICICI Prudential Silver ETF (13.34%), Cash and Cash Equivalents (8.86%), Bharti Airtel (5.98%), ITC (5.60%) and BSE (4.66%). The strategy follows a multi-cap and flexi-cap allocation.

ITUS Capital Advisors’ Fundamental Value Fund posted a performance of 3.11% as of December 2025. Its key holdings are Hindustan Copper (7.50%), Cash Equivalents and residual positions (6.75%), HDFC Bank (6.50%), ICICI Bank (5%) and Titan Company (4.50%). The portfolio follows a multi-cap and flexi-cap value-oriented approach.

Shriram AMC’s LEAPS strategy recorded a performance of 3.11% as of December 2025. The top holdings include State Bank of India (10.11%), HDFC Bank (8.41%), Larsen & Toubro (8.32%), Nippon India Silver ETF (7.92%) and Maruti Suzuki India (6.14%). The portfolio is positioned across mid-cap and large-cap stocks.

Shriram AMC’s Future GEMS strategy delivered a performance of 3.09% as of December 2025. Its largest holdings are Nippon India Gold Bees ETF (13.54%), Bank of Maharashtra (10.14%), Samvardhana Motherson International (9.20%), ASK Automotive (8.36%) and Nippon India Silver ETF (7.93%). The portfolio focuses on small- and mid-cap opportunities.

MRG Investment Partners’ Wealth Enhancer strategy posted a performance of 2.88% as of December 2025. The top holdings include Mahindra & Mahindra (14.44%), ICICI Prudential Silver ETF (12.16%), Reliance Industries (7.14%), Cash and Cash Equivalents (3.77%) and Tata Chemicals (2.86%). The strategy follows a multi-cap and flexi-cap approach.

MRG Investment Partners’ Wealth Protector strategy recorded a performance of 2.84% as of December 2025. Its key holdings are ICICI Prudential Silver ETF (12.84%), Titan Company (9.75%), Castrol India (9.56%), Larsen & Toubro (6.40%) and ACC (5.51%). The portfolio is positioned within a multi-cap and flexi-cap framework.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)