Equity, as an investment asset class, has not disappointed investors who stay invested for the long term. Portfolio management services (PMS) strategies too have rewarded long-term investors handsomely.

Nearly 70 per cent of the 254 portfolio management services (PMS) schemes have beaten the Nifty50 index in the past year. The schemes returned 26.6 per cent, on average, compared to 18.8 per cent given by the benchmark.

Select portfolio managers for high net-worth individuals (HNIs) managed to deliver decent alpha in January when the domestic equity market was struggling to keep its head above water. The benchmark BSE Sensex declined 0.41 per cent to 58,014.17 on January 31, 2022 from 58,253.82 on December 31, 2021. 

In troublesome September when the Nifty declined 3.74%, a bunch of PMS funds, used by HNIs to park their surplus capital, managed to not only survive but even thrive, delivering up to 5.7% returns.