Top 5 PMS schemes that outperformed Nifty in October 2021

Many portfolio management service (PMS) schemes from the broader markets outperformed the key indices. As many as 130 generated better returns than the Nifty 50. Stock market indices globally touched new highs in the wake of easy money availability after the COVID-19 pandemic last year. The Nifty 50 index on the National Stock Exchange (NSE) climbed to a record 18,604.45 on October 19, 2021, before a decline started, ending the month with a meagre 0.3 percent gain.

PMS schemes cater to wealthy investors with portfolio sizes exceeding Rs 50 lakh. Their professional fee structure is different from regular mutual funds and they invest in quality businesses and companies through Indian equities with an objective to grow wealth over the long term.

Of 275 PMS schemes tracked by pmsbazaar.com in October, as many as 130 generated better returns than the Nifty 50, the data shows. Here are top 5

Renaissance - Opportunities Portfolio

Invests primarily in large cap stocks and generated returns of 8.05 percent in October. Its top 5 holdings are Aditya Birla Fashion & Retail, ICICI Bank, Bharti Airtel, Inox Leisure and Sun Pharmaceutical Industries.

Invesco – Caterpillar

A mid-cap focused scheme, it earned 5.57 percent returns in October. Its top 5 stocks are Tata Elxsi, TeamLease Services, Balkrishna Industries, IRCTC and Sundaram Fasteners.

Sundaram Alternates – Rising Stars

The focus on small caps generated 4.50 percent growth for its investors. It has Tata Elxsi, KSB, Navin Fluorine International and Greenpanel Industries as its main stocks. It also has cash and equivalents that aided in this growth.

Sundaram Alternates – Pace

It has a multi-cap focused strategy and generated 3.82 percent growth by investing in stocks of Mindtree, AU Small Finance Bank, Bajaj Finserv, ICICI Bank and PI Industries.

Invesco – Dawn

A multi-cap scheme has its top holdings in ICICI Bank, Infosys, Tech Mahindra, Reliance Industries and Ultratech Cements.