PMS Tracker: Top 15 funds gain up to 16.5% in May; Elever, Axis strategies lag

June 12, 2025

PMS returns May 2025: At least 15 PMS strategies posted over 13% returns in May 2025, led by Money Grow Asset’s Small Midcap strategy. Smallcap and thematic funds rebounded strongly, while quant-based and sectoral strategies underperformed, widening the performance gap among portfolios.

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Eleven equity mutual funds generated over 25% returns in the past three months, led by small-cap schemes. JM Small Cap Fund topped the list with

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