SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • News From Press How portfolio management service funds coped with FY18 market ride

    How portfolio management service funds coped with FY18 market ride

    Source: Mint Apr 19, 2018

    Equity investors had quite a ride in FY18. The first nine months were a relentless rally, followed by a sharp fall in the last three months. Yet, the benchmark Sensex index managed a return of around 10%. For several active mutual fund managers, outperforming the indices in the financial year proved to be a hard ask. And it wasn’t easy for portfolio management services (PMS) either, despite their smaller and more focused portfolios. PMS schemes are seen to have an advantage over mutual funds as portfolios are individually managed. 

    What data tells us 

    Not all schemes fared well. One of the more popular PMS portfolios, Motilal Oswal IOP, a mid-cap portfolio with around Rs4,600 crore assets under management (AUM), gave 4.79% in FY18; BSE Sensex delivered 10.25%. Its 5-year annualised return at 23% compared to 12% from the Sensex, however, underlines its long-term track record. Old Bridge Capital Management’s All-Cap portfolio, a multi-cap scheme launched in August 2016, gave 38.7% in the same period. While both portfolios aren’t comparable, investors can choose either. 

    Click here to read more>>

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    0 Comment
    Be the first to comment.
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.