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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