About six smallcap PMS funds gave more than 50% returns in the last one year, data by PMS Bazaar showed.
Siddhartha Bhaiya-led Aequitas Investments’ ‘India Opportunities’ smallcap fund topped the list, giving stellar returns of more than 91% in the last one year. Aequitas is primarily focused in the space of smallcaps and microcaps.
“Our focus is to focus on the process of delivering multibaggers. The outcome is obviously not in our control. We’ve had several multibaggers in our journey so far, some of which have been 5 baggers to even a 100 bagger for our investors,” Bhaiya said in a recent interview with ETMarkets.
Equitree Capital’s smallcap fund ‘Emerging Opportunities’ was second in the list, giving nearly 80% returns to investors.
“We are deep-value investors focused on investing into fundamentally strong companies which are at an inflection point of high growth. Most of these businesses are leaders in their own right which reduces the risk of investing in smaller companies,” said Pawan Bharaddia, co-founder of Equitree Capital.
Even after the significant run-up in smallcap stocks, Equitree remains comfortable with the business visibility and valuation of its portfolio, which is trading at a median valuation of a mere 12 times 1-year forward earnings, leaving room for a significant upside, Bharaddia said. The third best PMS smallcap fund was that of iThought Financial Consulting, which has given over 73% returns.
Besides smallcap, several multicap funds also gave robust returns in the last one year. The top one is that of Invasset LLP whose multicap strategy has given a staggering 97% returns in the last one year.
Vikas Khemani-led Carnelian Asset Advisors’ multicap strategy gave nearly 77% returns in the 12-months ended December. Meanwhile, Ambit Global’s Alpha Growth multicap strategy has given nearly 72% returns.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
