For a one-year period, the Consistent Compounders strategy run by Marcellus is the best performer with returns of 16.6 per cent, followed by MNC PMS run by Anand Rathi Advisors (12.3 per cent) and Coffee Can run by Ambit Capital (10.7 per cent).
The bloodbath in the markets
in the past two months has come as a body blow for the PMS industry. A sizeable number of PMS schemes
lean towards mid- and small-caps in their portfolio and run concentrated portfolios of 15-20 stocks.
Such portfolios increase the potential of higher returns, but can exacerbate the fall, making exits difficult for investors.