PMS Tracker: Equirus, Money Grow Asset, Amaltas, 7 others deliver up to 14%

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The Economic Times daily newspaper is available online now. Read Today's Paper PMS Tracker: Equirus, Money Grow Asset, Amaltas, 7 others deliver up to 14% returns in JuneBy Veer Sharma, ETMarkets.comLast Updated: Jul 14, 2026, 04:24:00 PM ISTSynopsis

Portfolio management services delivered mixed June returns, with top strategies gaining up to 14.54% as small-cap and multi-cap funds outperformed. Strong broader markets supported winners, while several multi-cap strategies and select funds declined nearly 10%, reflecting varied performance across investment styles.

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Loading...×A select set of portfolio management services (PMS) strategies delivered strong returns in June, with the best-performing funds generating gains of up to 14.54% during the month. Small-cap and multi-cap strategies dominated the leaderboard, highlighting continued investor preference for broader market opportunities.

Indian equities delivered a strong performance in June, with the Nifty advancing 2% and the Sensex gaining 1.5%, aided by a sharp decline in crude oil prices following the interim peace agreement between the US and Iran. The broader market outperformed the benchmarks, with the Nifty Smallcap 100 rising more than 4%, while the Nifty Midcap index lagged with a comparatively modest gain of 0.5%.

PMS performance in June

Leading the performance chart was Money Grow Asset Pvt Ltd, whose Small Midcap strategy returned 14.54% during the month. Close behind was Equirus Wealth Pvt Ltd, with its Long Horizon Fund delivering 14.49%. Amaltas Asset Management LLP also featured among the top performers, as its Strategic Opportunities Series 1 strategy generated a 11.92% return.

Multi-cap and flexi-cap strategies continued to make a strong showing. White Whale Partners LLP's Rising Star PF returned 11.86%, while Clockvine Capital Advisors Pvt Ltd's Growth Fund gained 11.41%. East Green Advisors LLP also delivered a robust performance, with its Agile Strategy posting a return of 11.35%.

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Among small-cap focused offerings, Tradeswift Broking Private Limited's Sparkling Gems strategy returned 11.16%, while Electrum Portfolio Managers Pvt Ltd's Laureate Portfolio, categorised under Small & Mid Cap, gained 10.94%.

Also read: The true cost of PMS returns: Disclosing the hidden gap between headline numbers and real investor gainsEquitree Capital Advisors Pvt Ltd rounded out the top performers with its Emerging Opportunities strategy, which generated a 10.76% return. Accel Asset Management LLP's Long Term Equity Fund, a multi-cap and flexi-cap strategy, also featured on the list with a return of 10.97%.

PMS worst performers in June

On the other end of the spectrum, several PMS strategies ended June in negative territory, with losses extending to nearly 10%.

The weakest performer during the month was Dezerv Investments Private Limited's Strategic Holdings in Natural Elements (SHINE), which declined 9.69%. Alchemy Capital Management's High Growth strategy followed with a loss of 7.81%, while Capital 8 LLP's Capital 8 Infinity Fund slipped 6.85%.

Among the other laggards, Moat Financial Services Pvt Ltd's UpperCrust Wealth Fund declined 6.57%, while Aequitas Investment Consultancy Pvt Ltd's India Opportunities Product fell 6.37%. Moat Financial Services Pvt Ltd also featured on the list with its UpperCrust Growth Fund, which lost 4.08%.

Read more: Mutual Fund PMS vs direct mutual funds: Why the smarter option may not be the more expensive one

Alchemy Capital Management's Smart Alpha 250 strategy declined 4.07%, while Atlas Integrated Finance Limited's Multicap PMS Fund fell 3.72%. Invasset LLP's Growth Pro Max slipped 3.54%, and Maxiom Asset Management Pvt Ltd's EMERALD strategy recorded a decline of 3.00%.

The list of underperformers was largely dominated by multi-cap & flexi-cap strategies, although small-cap, mid & large-cap and multi-asset offerings also featured among the weakest performers during the month, indicating that weakness was spread across investment styles rather than being confined to a single segment.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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