A select set of quantitative, thematic and multicap portfolio management services posted sharp gains in April, with returns climbing as high as 44.39% amid a strong rebound in equities that saw the benchmark Nifty rally more than 7% during the month. According to data from PMSBazaar, the real outperformance came from the broader markets, with the Nifty Midcap 150 climbing 10.7% and the Nifty Smallcap 250 surging 13.4% to 16,731. Leading the rally was the Nifty Microcap 250, which jumped 16.2%. Hem Securities' India Rising SME Stars followed closely, delivering nearly a 37% gain during the month.
Money Grow Asset's equity strategy emerged as the top performer for the month, delivering a strong return of 44.39%, as reported by PMSBazaar. Green Portfolio Pvt Ltd's Super 30 Dynamic strategy delivered returns of 31.92%, while Waya Financial Technologies Pvt Ltd's Bin73 Sunrise Alpha strategy followed with returns of 30.05%. Wallfort Fund Management LLP's Diversified Fund posted gains of 27.50%, and NAFA Asset Managers Pvt Ltd's Clean Tech Portfolio generated returns of 27.45%. Among multicap and flexicap offerings, Amaltas Asset Management LLP's Keystone Fund returned 26.97%, while White Pine Investment Management Private Limited's White Pine India Emerging Stars gained 25.36%.
Debt-oriented portfolio management strategies largely dominated the list of weakest performers, according to PMSBazaar data for April. Scient Capital Pvt Ltd's Aries PMS emerged as the worst-performing strategy, declining 6.76% over the one-month period and 7.35% over three months. Among equity strategies, Ametra Investment Managers Private Limited's Ametra FactorShields posted a 0.66% return for the month but declined 8.72% over the three-month period. Several debt strategies delivered muted gains during the period, with AlfAccurate Advisors' AAA Liquid returning 0.33%, while Dezerv Investments Private Limited's Corporate Surplus Management Strategy and Dynamic Debt Strategy posted returns of 0.68% and 0.74% respectively.
Portfolio management services focused on thematic and mid and smallcap strategies dominated the performance charts in April, according to PMSBazaar data. The smallcap and midcap portfolio outpaced peers in the first month of the new financial year, with strategies like NMR Capital Advisors LLP's NMR Growth Strategy delivering 25.36% returns in the smallcap category, while Globe Capital Market Ltd's Value strategy generated 25.04%. The performance data highlights the strong momentum in smaller market segments during the April rally, with thematic and smallcap-focused strategies significantly outperforming broader market indices.
