PMS AIF World, a research backed wealth management firm has issued a quarterly report called Investonomics in which it has shortlisted nine best performing PMSs across three categories.
To start with, the wealth management firm has applied basic filters to shortlist the top PMSs like minimum two years of performance, minimum AUM of Rs.100 crore, existence of strong team and not taking un-due risk.
Of the initial screening of over 100 PMSs, 35 PMSs met the basic criteria. These PMSs went through four more filters termed as 4Ps - philosophy, portfolio, performance, and price of the products. This also involves detailed interview and in person meeting with the asset management team in addition to analysing the numbers.
Based on these metrics, the report has picked nine best performing PMSs across three categories – PMS that generated maximum returns in the last five years, low risks high return PMSs and PMSs having high quality mid-cap portfolios. Each category has three funds.
As a result, Motilal NTDOP, ASK IEP and Narnolia 3T were the best performing PMSs in terms of five year performance. While IIFL Multi Cap, Ambit Coffee Can and ALFAccurate AAA were top three PMSs in terms of low risks high return portfolio, Ambit Good and Clean, Motilal IOP1 and Reliance Emerging India have been adjudged as the ones with the best high quality mid cap portfolios.
Sharing the rationale for releasing this report, Kamal Manocha, Chief Strategist and Advisor, PMS AIF World said that since there is lack of data available in the PMS space, this report would help PMS investors make informed decision.
Seconding his views, Ritika Farma, VP, Business Development, PMS AIF World said, "PMS and AIFs require a careful selection due to its concentrated portoflio and large size. Through this report, we are helping investors and advisors make informed investment decisions."
Here is the list of top performing PMS as of June 30, 2019.
