Several multicap funds gave double-digit returns last month, with Karma Capital Advisors’ Wealth Builder multicap strategy giving more than...

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Marcellus’ investment philosophy is an extension of Bob Kirby and Peter Thiel’s ideas.

The top-performing PMS schemes gained up to 7 per cent for the month compared with a 3.5 per cent rise in Nifty during the month.

Almost all the 147 PMSes delivered positive returns to investors during the month.

Newly formed Marcellus’s Consistent Compounders gave 22.50 per cent in just six months.

PMS run by Mumbai-based Basant Maheshwari delivered 15.67 per cent in September.

In June, eight of every 10 of these schemes had logged negative returns.

One-fifth of PMS schemes eroded investor wealth by over 10%, with the worst drop being 14.6%.

HNIs investing in multicap schemes also met with dismal results.

Saurabh Mukherjea said Marcellus plans to launch the first fund in next two months.

The ace investors also warned new investors not to chase stocks just because they are bought by big investors.

Porinju says prudent investors will make big money outside Nifty and Sensex baskets.

Queen Elizabeth II is a confirmed aficionado and, hopefully, chai shall also flow freely at Chequers when the two PMs confabulate.

ET’s bi-weekly roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours