PMS Tracker: Multi-cap, smallcap funds outshine in October with up to 9% return

With some of the popular PMS fund managers failing to eke out positive returns in October, little-known Shepherd’s Hill PMS-run multicap Value Magno fund topped the list by delivering an impressive monthly return of around 9%.

Equitree Capital Advisor’s smallcap Emerging Opportunities fund came second on the list with 6% return last month. Other top performing funds were Credent’s AIM Multicap fund, Stallion’s Core fund, Motilal Oswal’s value migration and IOP funds, shows data pulled from PMS Bazaar.

Green Portfolio’s Dividend Yield Fund also managed a decent return of 2.6%.

During the month, both Nifty TRI and BSE 500 TRI fell around 3% and most of the star fund managers failed to eke out positive returns. Saurabh Mukherjea’s midcap focused Rising Giants fell over 4%, smallcap fund Little Champs fell 2.6% while Consistent Compounders and Kings of Capital also lost around 2.5% each last month.

Sunil Singhania-run Abakkus All Cap Approach fund lost 3.5% and Emerging Opportunities fund lost 1.4%. Funds run by ASK Investment gave a negative return of 2-3%. Helios Capital’s India Rising fund also lost 2%.

With FIIs offloading Indian stocks worth over Rss 24,000 crore in October amid fears related to rising bond yields and the impact of the Israel war on FII flows, Nifty fell around 3% last month.

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Harry Byrne

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