- by Arya Sharma
- 24th Sep 2020
PMS Schemes Gave Over 15% Returns in August; a Good Amount of Change Can be Seen in Small & Midcap Space
As per the PMSBazaar.com data, a sudden hike is been recorded in the Indian market about the raised returns in August as more than 100 Portfolio Management Services (PMS) schemes have managed to surmount the index in the same duration.
Around 127 PMS schemes have crossed more than 3 percent in August as compared to the Nifty50 figure of 2.8 percent gain and 24 out of the total gave double-digit returns.
Most of the schemes with high gains belonged to small & midcap space. Negen Capital's which comes under small-cap topped the list with a 25.13 percent return during August. Jindal Steel & Power, Future Enterprises, Greenpanel Industries, Max Healthcare, and KPIT Technologies are the top 5 possessions of Negen Capital’s Smallcap Emerging Fund.
The data suggest that SEBI guidelines were totally taken into consideration. Along with PMS Schemes, Mutual Funds (MFs) also show improved returns in midcap august stocks while a major rush was seen from large-caps and marginal selling in small-caps.
