In one year until August 31, 3 of 4 PMSes beat Nifty index, says PMS Bazaar

Broader markets have outperformed the benchmark indices this year. The trend was more clear last week after the change in rules regarding multi-cap fund allocations. In the one year ended August 31, every three out of four PMSes outshined the Nifty50 index, said PMS Bazaar.

In August 2020, the Nifty index was up about 2.8 percent while mid-caps and small-caps surged 7.8 percent and 10.1 percent, respectively. As a result, small-cap funds and their portfolio managers churned over 25 percent returns in one month, explained PMS Bazaar.

Out of the top-10 best-performing PMSes in August, six of them were in the small-cap category.