Most have held major allocation to mid- and small-cap stocks and followed a concentrated investment approach
Equity, as an investment asset class, has not disappointed investors who stay invested for the long term. Portfolio management services (PMS) strategies too have rewarded long-term investors handsomely. Here, we list the top PMS strategies in terms of their returns over the last 10 years, as per data from PMSBazaar.com. Most in the list have held major allocation to mid- and small-cap stocks. Returns displayed here are as per the Securities and Exchange Board of India-defined time-weighted rate of return (TWRR) method. Returns and portfolio values are as of October 31, 2022. The cash component is not mentioned in the break-up below to round it off to 100%
