High-Performance PMS Schemes: Unlocking Returns up to 50% for HNIs in 2024
Discover the top-performing PMS schemes that delivered exceptional returns to high net-worth individuals in 2024, with a focus on real estate, power, defence, railways, industrials, and auto.
Pms SchemesHigh Net Worth IndividualsStock MarketPortfolio Management ServicesReal EstatePowerDefenceRailwaysIndustrialsAutoReal Estate NewsJul 13, 2024
Turtle Wealth Management's Profit Mantra scheme topped the charts with a gain of 47.81%, followed closely by Green Lantern Capital's Growth Fund (up 44.89%), Wallfort PMS and Advisory Services LLP's Diversified Fund (up 43.09%), Moat Financial Services' UpperCrust Wealth Fund (up 41.80%), and NAFA Asset Managers' (up 41.80%).
The objective of Turtle Wealth Management's Profit Mantra is to invest in current and emerging leaders with a turnaround factor in common through a quant-based investing process. As of May 2024, the PMS scheme gave 31.74% weightage to construction material, 25.03% to capital goods, 12.11% to oil, gas, and consumable fuels, 11.19% to automobile and auto components, and 8.70% to financial services.
Data further highlighted that Invasset LLP's Growth Pro Max (up 35.85%), Stallion Asset's Core Fund (up 34.86%), Valtrust Partners LLP's Valtrust Momentum (up 34.82%), ICICI Securities' Ace Equity Portfolio (up 34.45%), and Samvitti Capital's PMS Active Alpha Multicap (up 34.09%) stood among other major gainers.
Sharing his views on Active Alpha Multicap, Samvitti Capital's Prabhakar Kudva said, 'The strategy is to look for changes in earnings tailwinds or change in perception of earnings over the next 4-6 quarters. Then we build a basket of such opportunities and review them periodically.'
Alchemy Capital Management's Smart Alpha Small and Micro Cap, Investsavvy Portfolio Management LLP's Alpha Fund, NJ Asset Management's Multicap, Green Portfolio's The Impact ESG Fund, Axis Securities' Contra, and Turtle Wealth Management's 212 Growth Mantra also gained somewhere between 31% and 34% in the last six months till June 2024.
Commenting on the themes which are looking attractive in the current market scenario, Alok Agarwal, Head-Quant & Fund Manager, Alchemy Capital Management said, 'We continue to be positive on domestic cyclicals including real estate, power, defence, railways, industrials, and auto. Revival in rural incomes may also spur earnings growth in related themes.'
Coming to the top five performers of June, Hem Securities' India Rising SME Stars gained 23.81%. Money Grow Asset's Small Midcap (up 19.22%), Wallfort PMS and Advisory Services LLP's Diversified Fund (up 17.88%), Equitree Capital Advisors' Emerging Opportunities (up 16.72%), and Equirus Wealth's Long Horizon Fund (up 16.01%) stood among other major gainers in June.
Turtle Wealth Management, founded in [year], specializes in portfolio management services, offering a range of schemes tailored to meet the diverse needs of high net-worth individuals. Green Lantern Capital, established in [year], is a leading investment management firm known for its expertise in equity research and portfolio management. Wallfort PMS and Advisory Services LLP, founded in [year], provides customized portfolio management services to its clients. Moat Financial Services, established in [year], focuses on delivering high-quality financial services to its clients. NAFA Asset Managers, founded in [year], specializes in portfolio management and advisory services. Alchemy Capital Management, established in [year], offers a range of portfolio management services, including equity, debt, and hybrid schemes.
Frequently Asked Questions
What was the gain of Turtle Wealth Management's Profit Mantra scheme in the first half of 2024?
47.81%
What is the objective of Turtle Wealth Management's Profit Mantra scheme?
To invest in current and emerging leaders with a turnaround factor in common through a quant-based investing process.
Which themes are looking attractive in the current market scenario, according to Alok Agarwal of Alchemy Capital Management?
Domestic cyclicals including real estate, power, defence, railways, industrials, and auto.
What is the strategy of Samvitti Capital's PMS Active Alpha Multicap scheme?
To look for changes in earnings tailwinds or change in perception of earnings over the next 4-6 quarters and then build a basket of such opportunities and review them periodically.
Which was the top-performing scheme in June 2024?
Hem Securities' India Rising SME Stars with a gain of 23.81%
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