Wize Market Analytics delivered a return of 22 percent in July, outperforming other PMS schemes. Many schemes that outperformed benchmark were from the mid & smallcap space.
Indian market witnessed a euphoric rally in July despite rising COVID-19 cases faltering growth statistics in India as well as across the globe. Bulls pushed benchmark indices higher by over 7 percent each, and about 40 portfolio Management Schemes (PMS schemes) delivered more than 8 percent return in the same period.
As many as 40 schemes tracked by PMSBazaar.com, an online portal for comparing portfolio management services (PMSes) outperformed Nifty, while 178 schemes gave positive returns in July.
PMSes cater to wealthy investors with portfolio sizes exceeding Rs 50 lakh. The professional fee structure is also different from a regular mutual fund (MFs).
The top PMS schemes which have outperformed Nifty50 in July are Wize Market Analytics, MoneyLife, Equirus Securities, Nine Rivers Capital, Right Horizons, Kotak, and AccurCap.