PMS AIF World, a research backed wealth management firm has issued its eight edition of quarterly report called Investonomics in which it has shortlisted nine best performing PMSs across three categories.
To start with, it applied basic filters to shortlist the top PMSs like minimum two years of performance, minimum AUM of Rs.100 crore, the existence of strong team and not taking un-due risk. 35 PMSs met the basic criteria.
These 35 PMSs went through four more filters - 4Ps - philosophy, portfolio, performance, and price of the products. This involved detailed interview and in person meeting with the asset management team in addition to analysing the numbers.
Based on these parameters, the report has picked nine best performing PMSs across three categories – PMS that generated maximum returns in large cap oriented funds, multi cap and mid cap funds. Each category has three funds.
As a result, Ambit Coffee Can, Motilal Oswal Value and Marcellus Consistent Compounders were the best performing PMSs in large cap oriented funds. While ASK IEP, Alchemy High Growth and IIFL Multi Cap were top three PMSs in multi cap oriented funds, Ambit Good and Clean, Tata Capital Emerging Opportunities Strategy and Sundaram SELF were top PMSs in mid cap oriented schemes.
Here is the list of top performing PMS as of September 30, 2019.
