Full yearFY 2021-22 · complete financial year · April–March

FY 2021-22 — Full-Year Indian PMS Performance

The full-year scorecard for FY 2021-22, compounding twelve months of SEBI TWRR (1M) across 304 strategies with a complete April–March series. The median strategy returned +20.2% with 96.4% of the field positive — a constructive year for active Indian equity mandates. Abchlor Portfolio Management Service led at +317.6%.

Read alongside our methodology, the live leaderboard, and PMS profiles.

Full-window strategies

304

Median return

+20.16%

Share positive

96.4%

Above +25%

107

How the year was built

Month-by-month cross-section for FY 2021-22. A single strong or weak month often explains where a strategy finished — the tape shows how the median and dispersion moved through the year.

MonthnMedian 1MP10 / P90% positive
Apr 2021348+1.04%-0.83% / +6.88%76.4%
May 2021373+6.30%+0.29% / +10.87%96%
Jun 2021385+2.84%+0.08% / +7.32%91.7%
Jul 2021388+3.14%+0.13% / +8.18%93.8%
Aug 2021416+2.44%-1.60% / +7.00%80.5%
Sep 2021416+2.32%0.00% / +6.18%89.9%
Oct 2021425+0.23%-2.07% / +2.60%60.2%
Nov 2021458-1.81%-4.06% / +0.64%21.2%
Dec 2021469+1.87%0.00% / +5.15%88.1%
Jan 2022484-0.05%-3.78% / +3.20%44.6%
Feb 2022494-4.47%-8.16% / +0.17%11.1%
Mar 2022515+2.76%+0.04% / +5.93%91.8%

Absolute leaders

Highest compounded return among 304 strategies with a complete monthly series. Extreme single-month prints can dominate — read the month columns before treating rank as quality.

#Strategy / ManagerReturnAprMayJunJulAugSepOctNovDecJanFebMar+Mo
1+317.64%-1.2%+4.2%+1.1%+0.6%+2.4%+1.6%-0.5%-0.8%+217.0%+18.2%-5.6%+9.8%8/12
2+273.85%+2.1%+10.9%+4.2%+8.4%+179.3%+2.1%0.0%+0.2%+4.0%+0.1%-5.3%+3.9%11/12
3+271.66%+5.3%+18.4%+15.7%+14.8%-2.9%+5.3%+2.2%+2.0%+24.9%+65.6%-6.8%+9.2%10/12
4+131.96%+2.3%+25.4%+25.9%+30.7%-4.0%+8.4%-4.0%-0.2%+10.4%+6.2%-11.2%+5.8%8/12
5+100.49%+7.5%+18.5%+8.7%+18.5%-7.1%+9.6%+1.9%+2.7%+10.8%+1.5%-2.1%+4.2%10/12
6+96.51%0.0%+0.5%0.0%+90.6%+0.9%+0.5%0.0%+0.8%-0.2%-0.1%+0.5%+0.3%8/12
7+93.31%+16.2%+12.0%+17.9%+21.7%-7.5%+3.2%+0.2%-1.8%+9.2%+3.8%-5.2%+2.7%9/12
8+77.14%+9.1%+17.5%+5.6%+11.1%+2.9%+4.1%+2.3%+4.0%+6.2%+2.1%-6.0%+1.6%11/12
9+71.04%+12.8%+14.3%+12.9%+15.0%-5.6%+2.9%-0.3%-5.4%+5.6%+4.4%-6.8%+8.7%8/12
10+66.21%+6.5%+5.7%-0.5%+7.5%+4.1%+4.3%+4.0%+7.3%+9.6%+0.2%-7.0%+11.8%10/12
11+65.07%+5.4%+12.5%+7.8%+5.8%+0.5%+9.5%+2.0%-1.7%+7.6%+0.1%-8.4%+11.9%10/12
12+63.84%-0.7%+7.5%+6.4%+8.2%+4.3%+5.9%+5.4%+8.5%+2.0%+4.5%+3.0%-3.8%10/12
13+55.29%+13.4%+13.1%+6.3%+14.6%+0.1%+2.0%+0.4%+0.1%+4.4%+0.3%-8.4%+1.2%11/12
14+53.97%+7.4%+10.7%+10.5%+2.8%+2.0%+6.4%+5.1%-2.7%+5.0%+0.4%-11.1%+9.7%10/12
15+53.73%-4.2%+16.7%+12.1%+10.4%-5.4%+9.8%+5.2%-1.9%+13.9%+0.3%-13.3%+4.6%8/12
16+53.62%0.0%+0.5%+0.1%+0.5%+0.9%+0.5%-0.2%+0.8%-0.3%+48.1%+0.5%+0.3%10/12
17+52.08%+0.3%+11.5%+11.6%+6.2%-3.4%+10.8%+1.8%-0.2%+15.9%+6.9%-13.6%-1.5%8/12
18+51.98%+3.6%+14.6%+16.9%+8.0%-1.0%+8.6%+4.3%-4.8%+3.3%-3.9%-6.0%+1.7%8/12
19+51.08%+8.4%+7.1%+4.5%+4.5%+3.7%+6.8%+3.0%-1.6%+3.9%+1.0%-5.1%+6.6%10/12
20+50.75%-0.7%+12.3%+1.7%+5.9%-3.6%+12.9%-1.7%-4.0%+0.9%+10.4%-1.0%+10.9%7/12
21+50.37%+6.0%+12.3%+10.7%+6.1%+0.5%+6.3%-0.4%-0.7%+5.0%+2.9%-7.3%+1.7%9/12
22+50.25%+4.9%+11.2%+13.1%+8.9%-1.6%+5.2%-1.6%-2.9%+7.5%+4.5%-10.9%+5.6%8/12
23+50.22%+6.5%+11.7%-0.2%+1.6%+1.7%+5.6%+4.8%-1.3%+6.7%+0.3%-7.0%+12.7%9/12
24+49.85%+14.5%+11.5%+6.2%+14.4%-7.3%+8.5%-3.3%-3.7%+9.1%-0.3%-10.3%+5.8%7/12
25+49.63%+1.8%+7.7%+7.4%+4.4%+1.3%+10.0%+5.6%-2.4%+2.4%+1.6%-6.8%+9.5%10/12

Quality board

Same compounding math, but we drop strategies whose best single month exceeded +35%. This surfaces strong multi-month runs without letting one outlier month set the table.

#Strategy / ManagerReturnAprMayJunJulAugSepOctNovDecJanFebMar+Mo
1+131.96%+2.3%+25.4%+25.9%+30.7%-4.0%+8.4%-4.0%-0.2%+10.4%+6.2%-11.2%+5.8%8/12
2+100.49%+7.5%+18.5%+8.7%+18.5%-7.1%+9.6%+1.9%+2.7%+10.8%+1.5%-2.1%+4.2%10/12
3+93.31%+16.2%+12.0%+17.9%+21.7%-7.5%+3.2%+0.2%-1.8%+9.2%+3.8%-5.2%+2.7%9/12
4+77.14%+9.1%+17.5%+5.6%+11.1%+2.9%+4.1%+2.3%+4.0%+6.2%+2.1%-6.0%+1.6%11/12
5+71.04%+12.8%+14.3%+12.9%+15.0%-5.6%+2.9%-0.3%-5.4%+5.6%+4.4%-6.8%+8.7%8/12
6+66.21%+6.5%+5.7%-0.5%+7.5%+4.1%+4.3%+4.0%+7.3%+9.6%+0.2%-7.0%+11.8%10/12
7+65.07%+5.4%+12.5%+7.8%+5.8%+0.5%+9.5%+2.0%-1.7%+7.6%+0.1%-8.4%+11.9%10/12
8+63.84%-0.7%+7.5%+6.4%+8.2%+4.3%+5.9%+5.4%+8.5%+2.0%+4.5%+3.0%-3.8%10/12
9+55.29%+13.4%+13.1%+6.3%+14.6%+0.1%+2.0%+0.4%+0.1%+4.4%+0.3%-8.4%+1.2%11/12
10+53.97%+7.4%+10.7%+10.5%+2.8%+2.0%+6.4%+5.1%-2.7%+5.0%+0.4%-11.1%+9.7%10/12
11+53.73%-4.2%+16.7%+12.1%+10.4%-5.4%+9.8%+5.2%-1.9%+13.9%+0.3%-13.3%+4.6%8/12
12+52.08%+0.3%+11.5%+11.6%+6.2%-3.4%+10.8%+1.8%-0.2%+15.9%+6.9%-13.6%-1.5%8/12
13+51.98%+3.6%+14.6%+16.9%+8.0%-1.0%+8.6%+4.3%-4.8%+3.3%-3.9%-6.0%+1.7%8/12
14+51.08%+8.4%+7.1%+4.5%+4.5%+3.7%+6.8%+3.0%-1.6%+3.9%+1.0%-5.1%+6.6%10/12
15+50.75%-0.7%+12.3%+1.7%+5.9%-3.6%+12.9%-1.7%-4.0%+0.9%+10.4%-1.0%+10.9%7/12
16+50.37%+6.0%+12.3%+10.7%+6.1%+0.5%+6.3%-0.4%-0.7%+5.0%+2.9%-7.3%+1.7%9/12
17+50.25%+4.9%+11.2%+13.1%+8.9%-1.6%+5.2%-1.6%-2.9%+7.5%+4.5%-10.9%+5.6%8/12
18+50.22%+6.5%+11.7%-0.2%+1.6%+1.7%+5.6%+4.8%-1.3%+6.7%+0.3%-7.0%+12.7%9/12
19+49.85%+14.5%+11.5%+6.2%+14.4%-7.3%+8.5%-3.3%-3.7%+9.1%-0.3%-10.3%+5.8%7/12
20+49.63%+1.8%+7.7%+7.4%+4.4%+1.3%+10.0%+5.6%-2.4%+2.4%+1.6%-6.8%+9.5%10/12

Consistency board

Positive in every month of the window, ranked by return. Useful when avoiding down months matters — still not a substitute for multi-year rolling returns or drawdown rankings.

#Strategy / ManagerReturnAprMayJunJulAugSepOctNovDecJanFebMar+Mo
1+48.33%+0.3%+0.3%+0.3%+0.3%+14.1%+1.9%+0.3%+0.3%+0.4%+0.4%+0.3%+23.8%12/12
2+13.54%+0.8%+0.8%+0.8%+1.3%+1.4%+0.9%+1.0%+1.0%+1.1%+1.1%+1.0%+1.6%12/12
3+11.29%+0.9%+0.9%+0.8%+0.9%+1.3%+0.8%+0.8%+0.8%+1.0%+0.8%+0.8%+0.9%12/12
4+10.46%+1.0%+1.0%+0.9%+0.9%+0.9%+0.9%+0.6%+0.8%+1.1%+0.6%+0.7%+0.7%12/12
5+7.93%+0.9%+0.5%+0.2%+0.1%+0.8%+0.9%+0.6%+0.8%+1.2%+0.7%+0.6%+0.4%12/12
6+5.96%+0.5%+0.6%+0.3%+0.6%+0.4%+0.3%+0.5%+0.6%+0.5%+0.6%+0.7%+0.3%12/12
7+5.60%+0.8%+0.4%+0.3%+0.7%+0.3%+0.2%+0.4%+0.8%+0.1%+0.4%+0.4%+0.7%12/12
8+5.54%+0.4%+0.3%+0.1%+0.4%+0.3%+0.1%+0.3%+0.9%+0.5%+0.1%+0.7%+1.2%12/12
9+4.56%+0.8%+0.5%+0.1%+0.6%+0.7%+0.3%+0.1%+0.4%+0.1%+0.2%+0.4%+0.3%12/12
10+4.39%+0.4%+0.4%+0.4%+0.4%+0.4%+0.3%+0.3%+0.4%+0.4%+0.4%+0.3%+0.4%12/12
11+3.76%+0.3%+0.3%+0.3%+0.3%+0.3%+0.7%+0.3%+0.3%+0.3%+0.3%+0.3%+0.3%12/12
12+3.73%0.0%+0.5%+0.1%+0.6%+0.7%+0.2%+0.1%+0.6%0.0%+0.1%+0.5%+0.4%12/12
13+3.58%0.0%+0.4%+0.1%+0.7%+0.6%0.0%+0.1%+0.4%+0.2%+0.2%+0.4%+0.4%12/12
14+3.38%+0.3%+0.3%+0.3%+0.3%+0.3%+0.2%+0.3%+0.3%+0.3%+0.3%+0.3%+0.3%12/12
15+3.28%+0.3%+0.3%+0.3%+0.3%+0.3%+0.2%+0.3%+0.3%+0.3%+0.3%+0.3%+0.2%12/12
16+3.23%+0.3%+0.3%+0.2%+0.3%+0.2%+0.3%+0.3%+0.3%+0.3%+0.3%+0.3%+0.3%12/12
17+2.94%+0.3%+0.3%+0.1%+0.3%+0.3%+0.1%+0.3%+0.3%+0.2%+0.3%+0.3%+0.2%12/12

Resilient compounders

At or above the universe median (+20.16%) with a controlled worst month. A middle path between raw speed and all-green consistency.

#Strategy / ManagerReturnAprMayJunJulAugSepOctNovDecJanFebMar+Mo
1+317.64%-1.2%+4.2%+1.1%+0.6%+2.4%+1.6%-0.5%-0.8%+217.0%+18.2%-5.6%+9.8%8/12
2+273.85%+2.1%+10.9%+4.2%+8.4%+179.3%+2.1%0.0%+0.2%+4.0%+0.1%-5.3%+3.9%11/12
3+271.66%+5.3%+18.4%+15.7%+14.8%-2.9%+5.3%+2.2%+2.0%+24.9%+65.6%-6.8%+9.2%10/12
4+131.96%+2.3%+25.4%+25.9%+30.7%-4.0%+8.4%-4.0%-0.2%+10.4%+6.2%-11.2%+5.8%8/12
5+100.49%+7.5%+18.5%+8.7%+18.5%-7.1%+9.6%+1.9%+2.7%+10.8%+1.5%-2.1%+4.2%10/12
6+96.51%0.0%+0.5%0.0%+90.6%+0.9%+0.5%0.0%+0.8%-0.2%-0.1%+0.5%+0.3%8/12
7+93.31%+16.2%+12.0%+17.9%+21.7%-7.5%+3.2%+0.2%-1.8%+9.2%+3.8%-5.2%+2.7%9/12
8+77.14%+9.1%+17.5%+5.6%+11.1%+2.9%+4.1%+2.3%+4.0%+6.2%+2.1%-6.0%+1.6%11/12
9+71.04%+12.8%+14.3%+12.9%+15.0%-5.6%+2.9%-0.3%-5.4%+5.6%+4.4%-6.8%+8.7%8/12
10+66.21%+6.5%+5.7%-0.5%+7.5%+4.1%+4.3%+4.0%+7.3%+9.6%+0.2%-7.0%+11.8%10/12
11+65.07%+5.4%+12.5%+7.8%+5.8%+0.5%+9.5%+2.0%-1.7%+7.6%+0.1%-8.4%+11.9%10/12
12+63.84%-0.7%+7.5%+6.4%+8.2%+4.3%+5.9%+5.4%+8.5%+2.0%+4.5%+3.0%-3.8%10/12
13+55.29%+13.4%+13.1%+6.3%+14.6%+0.1%+2.0%+0.4%+0.1%+4.4%+0.3%-8.4%+1.2%11/12
14+53.97%+7.4%+10.7%+10.5%+2.8%+2.0%+6.4%+5.1%-2.7%+5.0%+0.4%-11.1%+9.7%10/12
15+53.62%0.0%+0.5%+0.1%+0.5%+0.9%+0.5%-0.2%+0.8%-0.3%+48.1%+0.5%+0.3%10/12

How to read this (and what to open next)

Methodology

  • Source: SEBI monthly PMS disclosures ingested into KnowYourPMS; 1M TWRR cells for 2021-042022-03.
  • Metric: Compounded monthly SEBI TWRR (1M) over the window.
  • Inclusion: Strategy must have a reported 1M return for all 12 months in the window.
  • Exclusions: Benchmark / index / CRISIL / T-bill and placeholder rows removed from rankings; no zeros invented for unfiled months.
  • As-of: Aug 2026. Universe median +20.16%; mean +24.92%; P90 +47.73%.

Full pipeline notes live on /methodology. We do not invent zeros for managers who did not file a given month.

FAQ

What does the FY 2021-22 report measure?
Compounded return over the twelve months April 2021 through March, using SEBI monthly 1M TWRR. Only strategies reporting all twelve months are ranked.
Why are some full-year returns negative?
FY 2021-22 had a median of +20.2%. Full financial years capture drawdowns as well as rallies, so a real spread of outcomes — including losses — is expected and useful.
Does the top rank mean it is the best PMS?
Not on its own. Full-year winners can be high-beta strategies that also fall hardest in bad years. Compare across the 3-year and all-time boards and check drawdowns before drawing conclusions.
Is this investment advice?
No. KnowYourPMS publishes independent, SEBI-sourced research with no recommendations or commissions.

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