pms fund performance: PMS Tracker: These smallcap funds emerged laggards in September

After several months of outperformance, PMS funds registered negative returns in smallcap funds in September.

At least 10 PMS funds from the smallcap category saw a decline of up to 5% in September, data shared by PMS Bazaar showed.

Sundaram Alternates’ ‘Rising Stars’ smallcap fund gave 3.6% negative returns in September, but on a 6-month basis, it has given close to 23% returns to investors.

In a year that saw smallcap funds outperforming largecaps by a wide margin, Saurabh Mukherjea-owned Marcellus’ Little Champs smallcap fund remained a laggard. The fund has declined 0.5% in September, and on a 1-year basis, it has given negative returns of about 14%.

But in the smallcap category, one of the best-performing funds has been Aequitas Investment’s “India Opportunities”, giving more than 3% returns in September, and a staggering 82% over a 1-year period.

Data released by the Association of Mutual Funds in India (AMFI) on Wednesday showed that the mutual fund industry saw a slowdown in the pace of inflows into smallcap funds.

Thematic funds did well in September, with Green Portfolio PMS’ “Dividend Yield” fund giving nearly 3% returns. On a 6-month basis, the fund has given more than 50% returns to investors.InCred PMS’ “Healthcare Portfolio” is another thematic fund that has given a strong 41% return to investors over a 6-month period.

Among all fund categories, multicap funds performed the best in September, giving up to 9.5% returns.

Top of the list was Invasset LLP’s “Growth Pro Max Fund”, as it has given a staggering 81% returns to investors over a 6-month period.

Estee Advisors’ “Long Alpha” multicap fund has also given handsome returns of more than 41% to investors over a period of 6 months.

Not only in the smallcap category, but Mukherjea’s largecap fund also lagged in September, with the “Global Consistent Compounders” fund giving negative returns of nearly 5%.

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