PMS Performance – January 2022

Breadcrumbs

• Home
• Blog
• PMS Insights
• PMS Performance – January 2022

Introduction

Portfolio Management Services (PMS) cater primarily to High Net Worth Individuals (HNIs) and offer professionally managed investment portfolios with a higher minimum investment threshold (typically ₹50 lakhs as per SEBI regulations).

In January 2022, Indian equity markets faced downward pressure due to global cues, foreign investor selling, and macroeconomic uncertainty ahead of the Union Budget. Despite this, several PMS strategies delivered strong relative performance.

Market Overview – January 2022

• Nifty50: -0.09%
• Sensex: -0.41%
• Mid-cap and small-cap indices: underperformed broader markets
• FIIs: net sellers amid global uncertainty
• Market sentiment: cautious ahead of Budget 2022

Out of 271 PMS strategies tracked, nearly 33% (around 89 schemes) outperformed benchmark indices.

Top PMS Strategies – January 2022

Despite weak markets, several PMS strategies delivered strong returns driven by multicap and thematic allocations.

Top 10 Performers

• Value Quest Platinum Strategy – 9.73%
• Spark Core & Satellite – 6.44%
• Green Portfolio MNC Advantage – 6.31%
• Green Portfolio Super 30 – 5.86%
• Spark Flexicap – 5.82%
• ICICI Prudential Value Strategy – 5.79%
• Equitree Emerging Opportunities – 5.71%
• Renaissance Opportunities Portfolio – 5.54%
• Renaissance Mid Cap Portfolio – 5.43%

Category-Wise PMS Performance

Large Cap PMS

• Average return: -0.85%
• Underperformers: ~60% of strategies
• Key performers:
  • Renaissance (5.54%)
  • ICICI Prudential (3.21%)
  • Agreya Capital (2.17%)

Large & Mid Cap PMS

• Average return: -1.45%
• Key performers:
  • LIC MF (1.08%)
  • Skys and Ray (-0.18%)

Mid Cap PMS

• Average return: -1.10%
• Benchmark: Nifty Midcap 100 (-0.55%)
• Key performers:
  • Renaissance (5.43%)
  • Master Portfolio Services (2.11%)
  • Invesco (1.60%)

Small & Mid Cap PMS

• Average return: -0.09%
• Notable performers:
  • Roha Asset Managers (4.46%)
  • Counter-Cyclical Investments (4.43%)
  • Valentis Advisors (3.05%)

Small Cap PMS

• Average return: +0.36%
• Benchmark: BSE Small Cap (-0.78%)
• Key performers:
  • Equitree Capital (5.71%)
  • Aequitas Investment Consultancy (4.35%)
  • ICICI Prudential (4.10%)

Multi Cap PMS

• Average return: -1.32%

• Benchmark: BSE 500 (-0.40%)

• Top performers:

  • Value Quest (9.73%)
  • Spark Fund Managers (6.44%)
  • ICICI Prudential (5.79%)

• Weak performers:

  • Alder Capital (-11.12%)
  • Stallion Asset (-9.25%)
  • Shepherd’s Hill (-7.94%)

Thematic & Sector PMS

• Average return: +1.00%

• Key performers:

  • Green Portfolio MNC Advantage (6.31%)
  • Green Portfolio Super 30 (5.86%)
  • Trivantage Capital (4.52%)

• Underperformer:

  • Healthcare portfolio (-6.41%)

Key Takeaways

• Only 1 in 3 PMS strategies outperformed benchmarks
• Multicap and thematic strategies drove alpha
• Small-cap PMS outperformed broader small-cap index
• Stock selection mattered more than market direction
• Defensive and special situation strategies performed better in volatile conditions

Conclusion

January 2022 highlighted the importance of active management in volatile markets. While indices struggled, several PMS strategies generated strong alpha through stock selection, thematic exposure, and multicap flexibility.

FAQ Schema

{ "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "What is PMS in India?", "acceptedAnswer": { "@type": "Answer", "text": "Portfolio Management Services (PMS) are professionally managed investment portfolios designed for High Net Worth Individuals with a minimum investment requirement, typically ₹50 lakhs or more." } }, { "@type": "Question", "name": "How did PMS perform in January 2022?", "acceptedAnswer": { "@type": "Answer", "text": "Around 33% of PMS strategies outperformed benchmark indices in January 2022 despite weak market conditions." } }, { "@type": "Question", "name": "Which PMS categories performed best in January 2022?", "acceptedAnswer": { "@type": "Answer", "text": "Small-cap and thematic PMS strategies performed relatively better compared to large-cap and mid-cap strategies." } }, { "@type": "Question", "name": "What drives PMS performance?", "acceptedAnswer": { "@type": "Answer", "text": "PMS performance is driven by stock selection, asset allocation, market conditions, and fund manager strategy." } } ] }