Multi-cap and flexi-cap PMS strategies dominated July's top performers, with six of the 10 best portfolios delivering monthly returns of more than 5%. According to reports from The Economic Times, Amaltas Asset Management's Strategic Opportunities Series 1 led the pack with a 10.54% return for the month ended July 31, 2026. Pluswealth Capital Management's PlusWealth Catalyst, the only multi-asset strategy in the top 10, followed with a 9.07% return, while White Oak Capital Management Consultants' Digital Leaders was the third-best performer with a 7.88% return.
The strong PMS performance came as Indian equities had a solid month, with the Nifty rising 2% and the Sensex gaining 1.8%, supported by strong first-quarter earnings despite escalating tensions over the Iran war. As reported by The Economic Times, the broader market outperformed the benchmark indices, with the Nifty Smallcap rising nearly 4% and the Nifty Midcap 100 gaining more than 2%. This broader market strength provided favorable conditions for diversified PMS strategies.
According to The Economic Times, Emkay Investment Managers' Capital Builder posted a 7.24% return, while Wallfort Fund Management's Avenue Fund gained 6.98%. InCred Asset Management's Multicap Portfolio delivered a 6.10% return, followed by Renaissance Investment Managers' Midcap Portfolio at 5.96%. Avestha Fund Management's Long Term Growth strategy returned 5.68%, while Fort Capital Investment Advisory's Dynamic strategy gained 5.67%. DRChoksey FinServ's Alpha Invest rounded out the top 10 with a 5.61% return.
The weakest-performing PMS strategies in July saw losses of around 4.5% to 5.5%, with Valcreate Investment Managers' Growing India strategy recording the steepest decline at 5.48%. As reported by The Economic Times, Valcreate Investment Managers' Recovery Strategy followed with a 4.95% fall, while Bonanza Portfolio's Aegis declined 4.92% during the month. Ametra Investment Managers' Ametra FactorAlpha Smallcap fell 4.80%, followed by Money Grow Asset's Small Midcap, which lost 4.62%. Moneyfiley Advisory Services' MAS Prime rounded out the list with a 4.48% decline in July.
