Stock market slump: Can PMS outperform mutual funds?
There is not a big difference in the returns generated by more expensive PMS funds and low-cost mutual funds.
Synopsis
Both equity mutual funds and PMS funds have taken a similar hit on returns in the market correction. While both manage portfolios for investors, operations are under vastly different frameworks. Is there also a lot of difference in their performances? Read on to find out.
The recent market slump has put the spotlight on fund managers across the asset management spectrum. Market mavens plying their trade at mutual funds as well as those at portfolio management services (PMS) have taken a beating. With little separating the two, is the higher cost elite PMS really earning its stripes? Or is the ubiquitous mutual fund good enough even for savvy investors?Mutual funds are mass-market vehicles whereas PMS cater to the
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