The outperformance of Portfolio Management Services, which mostly manage ultra-rich investors’ money, continued in
July thanks to their investment in some of the fastest moving sectors. Among the PMS strategies, minnows from the
smallcap segment trounced their better known peers for another month, outlining that all that matters on Dalal Street is picking the right stocks at the right time.
Please keep in mind that most of these strategies are built to deliver long-term returns, so outperformance or underperformance in the short term may not matter much