PMS Tracker: Nirmal Bang, Purnartha Investments, Wellcreate Post Up to 11% Profit in February

A handful of quantitative, multicap and thematic portfolio management services delivered solid gains in February, even as small cap strategies ended the month very low. According to PMS market data, this deviation indicates continued expansion in the PMS market in India.

Nirmal Bang Securities’ Equity Multi Cap Strategy emerged as the top performer for the month, posting a strong return of 11.21%. Multicap and flexicap portfolios outperformed peers as markets appeared to favor systematic and factor-based strategies during a volatile start to the year, marked by concerns surrounding AI-led disruption and rising geopolitical tensions between the United States, Israel and Iran before spiraling into full-blown military conflict.

Purnartha Investment Advisors’ First Strategy followed closely, showing gains of around 10% during the month. Its Vision strategy also performed strongly, up 8.7%, while its multi-asset offering, Purnartha One, registered a modest gain of over 1%.

Wellcreate Investment Managers Lifesciences and Specialty Opportunities Portfolio, under the thematic category, generated returns of around 9% during the month.

On the other hand, thematic, multicap and flexicap, as well as smallcap strategies are featured among the major laggards. Prashant Khemka’s Digital Leaders Strategy at White Oak Capital Management Consultants LLP fell more than 8%, becoming the worst performer during the month. InCred Asset Management’s focused healthcare portfolio fell more than 7%.

TCG Advisory Services’ Transformative Growth Portfolio declined 4.55%, while PGIM India’s Equity Approach declined 4.4%. Equity Capital Advisors’ Emerging Opportunities strategy fell 4.34%, and MRG Investment Partners’ Wealth Maximizer shed 4.13%.

Also read | Explained: Why crude oil prices rise 8% to near $100 a barrel despite IEA announcing biggest release since 1970s

Among other strategies, Sunil Singhania’s Abaqus Asset Manager saw its all-cap strategy gain 3.1%, while the Diversified Alpha approach gained 1.84%. Its Emerging Opportunities strategy, however, fell 0.10%.

Saurabh Mukherjee’s Marcellus Investment Managers posted a gain of around 3% in its consistent compounders portfolio, while little champs fell around 1%. Its Rising Giants portfolio, MeritorQ and Kings of Capital strategies fell 1.74%.

Market veteran Sameer Arora’s Helios Capital Asset Management also cut its India Rising PMS by around 1% to end the month lower.

Blackstone-backed ASK Investment Managers’ Lighthouse portfolio rose more than 2.71%, while its Domestic Resurgence portfolio fell 1.91%, PMS market data showed. The firm’s ASK Life portfolio under the large cap strategy fell 1.13%, while the India Select portfolio fell 3% during the month. Its growth portfolio fell by 3.2%.

Devina Mehra’s First Global Finance saw its India Super 50 strategy gain just over 1%, while the India Multi Asset Portfolio fell around 0.5%.

Deepak Shenoy-led CapitalMind Financial Services reported a gain of 1.55% in its SmartCore strategy, while its All Weather Equity portfolio under the Multi and FlexiCap category gained 0.96%.

February performance across portfolio management strategies was mixed, reflecting the uneven market environment. While some quantitative, multicap and thematic portfolios delivered strong gains, many smallcap and sector focused strategies ended the period with significant declines.

(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times)