With Easing Inflationary Pressure, PMS Performance Surges in July 2022
PMS Performance Surge in July 2022
Overview: Market Conditions and PMS Performance
Amid easing inflationary pressure and earnings revisions in India Inc., Portfolio Management Services (PMS) witnessed strong performance in July 2022.
- 283 PMS strategies analyzed
- 166 strategies outperformed NIFTY
- Only 1 strategy reported negative returns
This indicates strong stock selection and sector rotation during the month.
Top PMS Strategies of July 2022
Leading PMS Performers
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Top 3 Strategies
Lake Water Strategy – Lake Water Advisors
- Return: 17.43%
- Focus: Governance, moat, innovation, debt-free businesses
Long-Term Equity Strategy – Purnartha Investment Advisers
- Return: 16.65%
- Focus: Concentrated high-growth portfolio
Focused Fund – Unique Asset Management LLP
- Return: 16.59%
Category-Wise PMS Performance Analysis
Small-Cap PMS
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- Average return: 9.75%
- Benchmark: BSE Small Cap – 9.16%
- 11 of 15 PMS strategies outperformed benchmark
Top performers:
- Growth Strategy – Molecule Ventures (13.31%)
- Small & Microcap Strategy – Sageone (11.86%)
- Emerging Giants – Ambit (11.07%)
Small & Mid-Cap PMS
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- Average return: 8.50%
Top performers:
- SSP Strategy – Aditya Birla Sun Life AMC (12.09%)
- TENX Portfolio – Ambit (11.87%)
- AAA Emerging Giants – AlfAccurate Advisors (11.56%)
Mid-Cap PMS
- Average return: 9.77%
- Benchmark: NIFTY Midcap 100 – 12.03%
Top performers:
- Smart Beta Portfolio – Abans (15.90%)
- Midcap Strategy – Renaissance (12.61%)
- PEARLS Strategy – Emkay (12.59%)
Large & Mid-Cap PMS
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- Average return: 9.02%
Top performers:
- Freedom Portfolio – Geojit (11.79%)
- Large & Midcap Strategy – Care PMS (11.60%)
- Value Equity+ – LIC AMC (10.35%)
Large-Cap PMS
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- Average return: 9.48%
- Benchmark: NIFTY – 8.73%
Top performers:
- Coffee Can Strategy – Ambit (13.34%)
- Large Cap Focused Fund – Varanium (12.80%)
- ICICI Prudential Large Cap Strategy (12.34%)
Multi-Cap PMS
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- Average return: 9.35%
- Benchmark: BSE 500 – 9.54%
Top performers:
- Lake Water Strategy – 17.43%
- Purnartha Strategy – 16.65%
- Consistent Compounders – Marcellus (14.42%)
Thematic PMS
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- Average return: 9.02%
Top performers:
- Kings of Capital – Marcellus (13.51%)
- Alphabots India Prime – Right Horizons (13.30%)
- Indianext Portfolio – Renaissance (10.52%)
Key Market Insights
- Market recovery supported PMS performance
- Small-cap & thematic strategies led gains
- Selective alpha generation across categories
- Majority strategies beat benchmarks
Investor Takeaway
PMS performance in July 2022 highlights:
- Importance of active management
- Role of sector selection
- Impact of macro tailwinds (inflation easing)
- Value of diversification across market caps
Conclusion
The PMS landscape in July 2022 demonstrated strong resilience and alpha generation capabilities, especially in small-cap and thematic strategies.
Investors benefited significantly from:
- Active stock selection
- Market rotation strategies
- Skilled fund management
FAQ
What drove PMS performance in July 2022?
Easing inflation and strong stock selection across mid and small-cap segments.
Which PMS category performed best?
Small-cap and multi-cap categories delivered strong relative performance.
What was the top PMS strategy?
Lake Water Strategy with 17.43% returns.
How many PMS schemes beat NIFTY?
166 out of 283 schemes outperformed NIFTY.
