Hem Securities SME PMS leads September gains as Nifty falls
In short
Hem Securities' India Rising SME Stars scheme rose 7.23% in September, even as Nifty and Sensex fell more than 6%. Small-cap and SME-focused PMS strategies did better, while some mid-cap and thematic ones lost as much as 10.16%.
This matters because it shows some active strategies beat the market in a weak month. The source does not say why these schemes performed better or worse.
What the reporting says
Hem Securities' India Rising SME Stars scheme led September gains at 7.23% while Nifty and Sensex each fell more than 6%, according to a publisher-supplied PMS Bazaar summary. The report says small-cap and SME-focused portfolio management strategies delivered positive returns even as broad mid-cap and thematic strategies lost as much as 10.16%. The underlying holdings and reasons for the split performance are not stated.
Why it matters
Hem Securities' India Rising SME Stars scheme was reported to have led September PMS gains at 7.23%, even as Nifty and Sensex each fell more than 6%. The publisher summary, citing PMS Bazaar data, says small-cap and SME-focused strategies outperformed while some mid-cap and thematic strategies lost up to 10.16%. The source does not identify the portfolio holdings behind the performance split.