Nifty Midcap 100 also slumped about 2 percent. Nifty 50, which is used by large-cap funds as their benchmark fell about 2 percent during the month. Hawkish US Fed and geopolitical tensions also kept the market returns in check. The overall market was weak in February, especially thanks to volatility led by Adani Group stocks in the wake of a scathing short seller report. Vallum India has delivered nearly 9 percent while Megatrends has bled about 3 percent in a year. “We are now moving from capital preservation to aggressiveness,” Jeswani said, adding that he believes his portfolio will continue this performance.Īmong others, Strategic Fund has delivered 22 percent in the last one year, which is the fifth best among all funds tracked by PMS Bazaar. The Core Fund of Stallion Asset has not performed well in the last one year period. Strategies such as Unique Asset’s Strategic Fund, Vallum Capital’s Vallum India Discovery, Marathon Trends’ Megatrends and Stallion Asset’s Core Fund delivered over 3 percent returns in February, data compiled by PMS Bazaar shows.Īmit Jeswani, Founder and CIO at Stallion Asset said the key reasons behind his fund’s performance were his focus on preserving capital last year and recent purchases of Paytm and Policybazaar. Smaller portfolio management services (PMS) funds that are focussed on mid and smallcap stocks managed to outperform their better-known and larger counterparts in February, bucking the negative market trend.
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