Most top multi-cap PMSs that have given CAGR ranging between 11.6% and 19.2% over the last three years have high exposure to large-cap stocks, shows data compiled by PMS AIF WORLD, a wealth management firm.
Of the top 18 multi-cap PMSs that gave double-digit returns, 15 PMSs have a minimum 40% of the corpus invested in large cap stocks with the highest having exposure of 82%.
“The last few years have been really bad for the broader market given several uncertainties revolving around credit defaults and negative market sentiment. In such scenario large-cap became comparatively less risky for any type of investor,” said Kamal Manocha, Chief Strategist, and Advisor, PMS AIF World.
“However, this trend may not continue for the next few years as the valuation for the mid and small-cap stocks have fallen heavily making them more attractive,” added Kamal.
The other three funds - Buoyant Capital Opportunities Multi-cap, 2Point2 Capital Long Term Value Fund and Phillip Capital Signature India Portfolio have high exposure to small cap stocks. These funds have delivered 19.2%, 17.7%, and 12.7% return in the past 3 years, respectively.
Here are the top multi-cap strategies with its weightage allocation towards large-cap, mid-cap, and small-cap:
|
Strategy Name |
Category Name |
Large Cap |
Mid Cap |
Small Cap |
Cash |
3Y Return |
|
Buoyant Capital Opportunities Multi-cap |
Multi Cap Oriented |
19.00% |
11.00% |
47.00% |
23.00% |
19.2% |
|
2Point2 Capital Long Term Value Fund |
Multi Cap Oriented |
3.57% |
17.72% |
67.29% |
11.42% |
17.70% |
|
IIFL Multicap |
Multi Cap Oriented |
58.04% |
27.32% |
10.83% |
3.81% |
16.35% |
|
Prabhudas Liladher Multi Strategy |
Multi Cap Oriented |
78.40% |
14.38% |
3.39% |
3.83% |
15.33% |
|
ASK Indian Entrepreneur Portfolio (IEP) |
Multi Cap Oriented |
67.00% |
30.00% |
2.00% |
- |
14.80% |
|
Tamohara TIOS |
Multi Cap Oriented |
57.56% |
21.20% |
7.21% |
14.03% |
14.64% |
|
ASK Growth Strategy |
Multi Cap Oriented |
82.00% |
13.00% |
3.00% |
- |
14.60% |
|
Alchemy Select Stock |
Multi Cap Oriented |
62.00% |
31.00% |
1.00% |
6.00% |
14.19% |
|
Sameeksha Capital Equity Fund |
Multi Cap Oriented |
42.90% |
19.80% |
30.00% |
7.40% |
14.00% |
|
Nippon India High Conviction |
Multi Cap Oriented |
50.00% |
29.00% |
19.00% |
- |
13.50% |
|
Sundaram SISOP |
Multi Cap Oriented |
48.00% |
25.00% |
2.00% |
24.00% |
13.10% |
|
SBI Growth with Values |
Multi Cap Oriented |
39.00% |
33.00% |
23.00% |
4.00% |
12.64% |
|
ASK India Select Portfolio (ISP) |
Multi Cap Oriented |
81.00% |
18.00% |
- |
- |
12.50% |
|
Phillip Capital Signature India Portfolio |
Multi Cap Oriented |
38.89% |
33.33% |
41.17% |
- |
12.47% |
|
Sundaram Pace |
Multi Cap Oriented |
44.00% |
21.00% |
17.00% |
18.00% |
12.20% |
|
Invesco India R.I.S.E |
Multi Cap Oriented |
26.52% |
33.15% |
29.85% |
10.48% |
12.01% |
|
Satco Growth & Momentum |
Multi Cap Oriented |
39.00% |
12.70% |
36.00% |
12.30% |
11.70% |
|
ICICI Prudential Flexicap |
Multi Cap Oriented |
46.85% |
15.46% |
29.10% |
8.49% |
11.63% |
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