Aroung 62% of the 189 PMS strategies underperformed the Nifty50 in November with average returns of 10.5 per cent, against 11.4 per cent for the benchmark.
Top performing strategies included Lake Water Advisors’ Lake Water (30.1%), Trivantage Capital Management’s Super Six (24.8%), and Basant Maheshwari Wealth Advisers’ Equity Fund (22%), the data from PMS Bazaar showed.
Mid-cap funds gave average category returns of 11.4% against 15.5% given by the benchmark Nifty Midcap 100. Large-cap funds (average returns of 9.4%), multi cap (11%) and small cap (11.9%) had all underperformed their benchmarks.
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