Top-Performing PMS Schemes: Up to 50% Returns for HNIs in 2024
Discover the top PMS schemes that delivered impressive returns to high net-worth individuals in 2024, driven by themes such as real estate, power, defence, and more.
Pms SchemesHigh Net Worth IndividualsPortfolio Management ServicesStock MarketReturnsInvestmentReal EstateJul 13, 2024
Turtle Wealth Management's Profit Mantra scheme emerged as the top gainer, with a return of 47.81%. This was followed 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.
Alok Agarwal, Head-Quant & Fund Manager, Alchemy Capital Management, believes that domestic cyclicals including real estate, power, defence, railways, industrials, and auto are looking attractive in the current market scenario. He also highlighted the potential of rural income revival, which may spur earnings growth in related themes.
Other top performers in the first half of 2024 included 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%).
In the month of June, Hem Securities' India Rising SME Stars gained 23.81%. Other top performers in June included 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%),
Turtle Wealth Management is a portfolio management services provider that aims to deliver exceptional returns to its clients through its quant-based investing process.
Green Lantern Capital is an investment management firm that focuses on generating long-term wealth for its clients through its Growth Fund.
Wallfort PMS and Advisory Services LLP is a portfolio management services provider that offers customized investment solutions to its clients through its Diversified Fund.
Moat Financial Services is a financial services firm that provides portfolio management services to its clients through its UpperCrust Wealth Fund.
NAFA Asset Managers is an asset management firm that provides investment solutions to its clients through its various funds.
Information
The Indian stock market has witnessed a significant rally in the first half of 2024, driven by robust inflows from domestic institutional investors and increasing optimism following the Prime Minister Narendra Modi-led NDA government retaining power for the third straight term.
Frequently Asked Questions
What was the top-performing PMS scheme in the first half of 2024?
Turtle Wealth Management's Profit Mantra scheme, which delivered a return of 47.81%.
What are the attractive themes in the current market scenario?
Domestic cyclicals including real estate, power, defence, railways, industrials, and auto, as well as rural income revival.
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 PMS scheme gave the highest weightage to construction material?
Turtle Wealth Management's Profit Mantra scheme, with a weightage of 31.74% as of May 2024.
What drove the Indian stock market rally in the first half of 2024?
Robust inflows from domestic institutional investors and increasing optimism following the Prime Minister Narendra Modi-led NDA government retaining power for the third straight term.
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