Ambit Investment Advisors’ Micro Marvels Portfolio and Money Grow Asset’s Small Midcap strategy also featured among the worst performers, each losing close to 9% during the month.
Accelt Asset’s Long Term Equity Fund declined 8.51%, Anand Rathi’s Impress PMS was down 8.28%, and Waya Financial Technologies’ Bin73 Sunrise Alpha slipped 8.24%. Avestha Fund’s Long Term Growth strategy fell 8.06%, Amaltas Asset’s Keystone Fund dropped 7.31%, and Square 64 Capital’s Multicap strategy declined 7.26%.
Motilal Oswal AMC’s India Growth Strategy shed 6.88%, Money Grow Asset’s Blend slipped 6.85%, Bonanza Portfolio’s Multicap fell 6.58%, and Valcreate’s Growing India strategy lost 6.49%. Several others, including portfolios from Badjate Wealth, Elever Investment, Ambit, PGIM India, Wallfort, Samvitti, and Alchemy Capital, ended the month lower by more than 5%.
Top performers: Wallfort, Valcreate, Right Horizons edge higher
Despite widespread losses, a handful of funds managed gains. Wallfort PMS’ Avenue Fund led the list with a 3.60% return. Valcreate’s IME Digital Disruption strategy followed with 2.84%, and Right Horizons’ Perennial fund gained 2.65%.
Wave Asset’s Pure Alpha added 2.14%, Maximal Capital’s Income Fund returned 2.13%, and Aequitas Investment’s India Opportunities Product advanced 2.05%. Other modest gainers included Pelican Holdings’ PE Fund, Shade Capital’s Value Fund, Ladderup Wealth’s Proud PMS, ithought Financial’s SPHERE, and Pace Financial’s Tresor Flexi, with returns between 0.9% and 2%.
August underscored sharp divergence in PMS performance, with heavy losses across small and midcap strategies offset by modest gains in select multicap, thematic, and debt portfolios.
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