INSUBCONTINENT EXCLUSIVE:
Among PMS (portfolio management services) with asset under management of less than Rs 500 crore, value investor Basant Maheshwari-led Basant
Maheshwari Wealth Advisers delivered 6.7 per cent return during month when Sensex and Nifty delivered flat returns
Among other smaller players, PMSes run by 2Point2 Capital Advisors and Clubmillionaire Financial Services rallied 5.90 per cent each, Sebi
data showed.
The performance of PMSes run by big players was not that impressive, though
midcap or smallcap investor and have been creating wealth in last many years, five, 10 or 20, be consistent
India offers a huge opportunity to pick emerging companies, be it smallcap and midcap, and create multi-bagger returns, which may not be
possible with Nifty and Sensex, which are not as cheap as they were in 2013 or earlier
After taking a big hit through year, midcaps witnessed some buying action in December, which helped Nifty Midcap100 (up 2 per cent) to
outperform benchmark index, which also closed flat for month
funds, Nirav Modi scam, volatility in crude prices and rupee, outflow of foreign portfolio investment, state elections, Trump tantrums, NBFC
liquidity crisis and global trade tensions kept money managers busy for much of 2018
The 50-share Nifty gained only 3 per cent for year.
