Performance of PMS of Porinju Veliyath & Basant Maheshwari

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Pee Vee
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Performance of PMS of Porinju Veliyath & Basant Maheshwari

Post by Pee Vee » Fri Oct 12, 2018 9:56 am

PMS funds managed by portfolio management services (PMS) of renowned investors took a big hit in September.

Porinju Veliyath’s PMS witnessed a 20 per cent drop in September. The fund, managed by Veliyath-owned Equity Intelligence, had gained 6.33 per cent and 3.70 per cent in August and July, respectively.

Porinju said investors should not forget that such fearful situations, corrections and crashes have happened many times in the past and every time the market has bounced back. So, it is not end of the world.

“This is a typical market panic. We have gone through many such corrections and cycles. Every cycle is a learning opportunity for investors. Such fearful corrections have happen in the past and the market has always bounced back from these levels,” he said.

The Basant Maheshwari Wealth Adviser’s PMS slipped 21.50 per cent in September. The fund, managed by Basant Maheshwari, an investor of repute, delivered 2.4 per cent and 15.90 per cent returns in August and July, respectively.

Motial Oswal AMC PMS lost 12 per cent last month. However, due to some glitch on the regulator’s website, it was showing a positive return of 12 per cent, the company spokesperson confirmed to ETMarkets.com.

Other PMS funds run by Enam AMC, ASK Investment Managers, Kotak Mahindra AMC, ICICI Prudential AMC, Old Bridge Capital Management, Sundaram Asset Management Company, Reliance Wealth Management, 2Point2 Capital Advisors and ValueQuest Investment Advisors all slipped between 7 per cent and 17 per cent in September.



Basant Maheshwari Wealth Advisers (@BMTheEquityDesk) was the worst performing portfolio management firm in September.



Basant Maheshwari Wealth Advisers was the worst performing portfolio management firm in September, with the value of its investments falling 21.5 percent. So far this year, it has returned 2.5 percent gains.

Equity Intelligence India was the next worst performer for September and has given a negative 41.8 percent return year-to-date.

valuepicker
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Re: Performance of PMS of Porinju Veliyath & Basant Maheshwari

Post by valuepicker » Thu Nov 22, 2018 10:39 pm

With such a pathetic performance of Porinju portfolio investors must be exiting his PMS and he he must be forced to sell when actually he is buying. Porinju has all stocks which are unconventional by size, reputation and performance. These are stocks which spurt during bull run. Having trapped in bear phase I doubt he would be able to recover soon...The damage done to Porinju and his PMS this year is more severe than reputation earned by him from 2013 to 2017

Pee Vee
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Re: Performance of PMS of Porinju Veliyath & Basant Maheshwari

Post by Pee Vee » Thu Nov 22, 2018 11:07 pm

The choice of stocks appear to wanting. Not sure if LEEL etc can bounce back soon. We'll have to see how things pan out.

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