Performance of PMS Funds in 2022

The markets in 2022 were not easy for several investors. The BSE Sensex was up by 5 per cent in 2022 but a majority the portfolios reflected either flat returns or negative returns during a similar period. PMS returns have been disappointing as well. Yogesh Supekar discusses how the various PMS’ have performed in 2022 and which strategy has worked best for the top performing PMS

- Yogesh Supekar

The markets in 2022 at best can be said to have been flat with bouts of volatility creating opportunities for the traders to make some quick gains. If you are a long-term investor and have been invested in the markets in a diversified manner, chances are that the portfolio has not done much in the past one year. Often owing to lack of portfolio management skills and market timing ability, investors park funds in PMS and or equity-oriented mutual funds. According to Dr. Mahesh Mulay, who is an HNI investor: “I have been able to make good money while trading the momentum stocks in 2022. However, I am a bit disappointed with my investments in PMS and mutual funds.”

“My own investment portfolio where I have full control over decision-making is performing in line with the markets. There is no noticeable outperformance. With PMS I am paying the fund manager for outperformance and I haven’t got one in 2022 at least. Now, I am not sure if I should redeem my investments or should I continue with the same fund manager. How do I decide if I should withdraw my funds from PMS?” he adds. Several investors are facing this dilemma as portfolios across the board are seen underperforming the markets.

PMS Fund Performance in 2022

With more than 100 PMS funds delivering negative returns in 2022, it is easy to comment that 2022 has not been amongst the best years for the PMS industry. However, there are some shining stories with at least 32 PMS schemes delivering returns in excess of 10 per cent, ranging between 10 per cent and 35 per cent. Investors would be busy analysing the Molecule VenturesGrowth PMS fund because it is the top performing PMS fund of 2022 which generated returns of 35.2 per cent in 2022. In case you are curious, it is a small-cap PMS fund.