PMS Tracker: Top 10 schemes that helped HNI investors beat the Street in November

While the market gave flattish returns in November, HNI investors made up to 8.5% return with PMS schemes that followed multicap, thematic and flexicap strategies.

Valcreate's IME Digital Disruption Fund was the top performing PMS fund in the month as it managed an impressive 8.5% return against a flat BSE 500 index. Narnolia's Fusion Opportunity fund also gave a similar return of 8.46%, shows data pulled from PMSBazaar.

Other top winning PMS schemes are InCred's two healthcare focused funds, Thinqwise's India Long Term Fund, Right Horizons' Super Value Aggressive fund, CapGrow's Special Situations fund, Carnelian's Shift Strategy, Wallfort's India Contra Equity Fund and Right Horizons' Perennial scheme. All of them gave at least 5% monthly return in November.


Among star fund managers, Shyam Shekhar's ithought-run multi-asset fund NIO and Sphere fell 2% each. His smallcap fund Vrddhi gained around 1% during the month.

Saurabh Mukherjea-run Marcellus' financials-focused Kings of Capital fell around 1% while Consistent Compounders went down by 4.6%. His midcap fund Rising Giants fell almost 1% and smallcap Little Champs ended with a small gain of 0.13%.

Sunil Singhania's Abakkus-run All Cap Approach fund fell 0.7%, Diversified Alpha Approach fell 0.48%, while Emerging Opportunities gained 0.7%.

Deepak Shenoy's Capitalmind largecap Market Fund gave over 1% return while Samir Arora's Helios India Rising PMS fund gained 2.48%.

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Since November lows, the equity market has rebounded amid expectations that the government spending may provide a much-needed impetus to the economy in H2 using capex tools and that the earnings slowdown seen in the first two quarters of the fiscal year may have bottomed out.

"Quantitative tools to boost deposit growth and macro-prudential easing could be used by the RBI and central government to revive the economy. We reckon that post the recent market correction, valuations in Large Caps space have become relatively attractive. However, the same remains frothy in certain segments of the market, in the Mid and Small Caps space, despite the recent correction," said Vinay Paharia, CIO, PGIM India Mutual Fund.

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