News From Press PMS schemes slip into the red in May after making a comeback in April

PMS schemes slip into the red in May after making a comeback in April

Nearly 40% of the schemes underperformed the Nifty

Business Standard Jun 10, 2020

After making a comeback in April, 82 per cent of the 133 PMS strategies delivered negative returns in May, the data from PMS AIF World shows. The Nifty, during the same period, slid 2.8 per cent. Nearly 40 per cent of the schemes underperformed the Nifty. Emkay Lead PMS was the month’s top performer, with 10.6 per cent returns. Among 133 strategies, 96 per cent were in the red zone for one year.

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