Multi-cap and flexi-cap strategies led the top-performing PMS portfolios in July, with six of the 10 best performers delivering monthly returns of more than 5%. The strong performance came as Indian equities had a solid month, with the Nifty rising 2% and the Sensex gaining 1.8%, supported by strong first-quarter earnings despite escalating tensions over the Iran war.
The broader market outperformed the benchmark indices, with the Nifty Smallcap rising nearly 4% and the Nifty Midcap 100 gaining more than 2%.
