99% Of PMS schemes delivered double-digit returns in the past 12 months till February 2024
5 Number of PMS schemes that have delivered more than 100% returns to HNIs
146,963 Number of PMS clients (discretionary) as of January 2024 compared to 106,535 five years ago
39.47% Returns delivered by the BSE 500 TRI in the past one year till February 2024
THE WEALTHY INVESTOR in India has never had it so good. For that, they must thank the robustness and resilience of the country's financial markets. And their money managers. While not a single portfolio manager catering to the affluent class in India saw a fall in their portfolios in the past 12 months till February 2024, almost 99% of portfolio management services (PMS) schemes delivered double-digit returns, mirroring the vitality of the benchmark BSE Sensex that surged 23%. The broader indices BSE MidCap and BSE SmallCap-advanced more than 60% each, providing support to multi-cap, flexi-cap, small- and mid-cap schemes, which delivered high returns to investors. In fact, the Top 5 alpha generators recorded gains of more than 100%. Fund managers say the domestic equity market will deliver similar performance in the long run, with the market sentiment being buoyed by the robust economy and the government's thrust on capex. Alpha returns are returns higher than the benchmark index.
Despite the stiff minimum investment of ₹50 lakh, the PMS space has been gaining momentum-visible in the rising assets under management (AUM). According to markets regulator Securities and Exchange Board of India (Sebi), the AUM of the PMS industry has grown by 438% to over ₹6.2 lakh crore as of January 2024 from ₹1.15 lakh crore at the end of FY15.
THE WINNING STRATEGIES
This story is from the April 28, 2024 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 28, 2024 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky
