Portfolio Management Services (PMS) funds had a stellar run in the year 2023, giving as much as 86 percent returns. Most of this good performance was fuelled by the rally in smallcap stocks, where PMS funds had a major shareholding. Aequitas, Shepherd’s Hill, Investsavvy, Samvitti Capital, and Invasset were the top five PMS in 2023, according to data by PMS Bazar.

Wealthy.in has secured Rs 130 crore in fresh funding led by Bertelsmann India Investments, as the wealth-tech firm looks to scale its AI-driven tools for mutual fund distributors and expand reach beyond major cities.

Existing investor Alphawave Global, new investor Shepherd’s Hill, and several tech entrepreneurs also participated in the round.

Portfolio managers were able to deliver strong alpha as data showed Portfolio Management Services (PMS) witnessed an average return of 4.98% in May, outperforming benchmarks Nifty 50 TRI and BSE 500 TRI that gained 2.87% and 3.78%, respectively.

As we step into 2024, markets are full of optimism, the Nifty50 and Sensex are at all-time highs, while midcaps and smallcaps are on an upswing as India’s growth story remains intact.

How should investors look at next year though? We spoke to the top three PMS (Portfolio Management Services) managers for their advice for the New Year who are Siddhartha Bhaiya of Aequitas, Rishi Gupta of Shepherd’s Hill, and Ashish Goel of InvestSavvy.

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https://www.moneycontrol.com/news/business/markets/7-tips-for-investors-in-2024-best-pms-managers-spill-the-beans-11969511.html

According to Gupta, Shepherd’s Hill’s risk framework is built around maintaining a margin of safety at entry, favouring strong balance sheets and high-margin businesses, and retaining the flexibility to hold cash when suitable ideas are scarce.