Full yearFY 2022-23 · complete financial year · April–March
FY 2022-23 — Full-Year Indian PMS Performance
The full-year scorecard for FY 2022-23, compounding twelve months of SEBI TWRR (1M) across 435 strategies with a complete April–March series. The median strategy returned +1.3% with 55.4% of the field positive — a constructive year for active Indian equity mandates. Enhanced Equity Portfolio led at +63.9%.
Read alongside our methodology, the live leaderboard, and PMS profiles.
Full-window strategies
435
Median return
+1.30%
Share positive
55.4%
Above +25%
6
How the year was built
Month-by-month cross-section for FY 2022-23. A single strong or weak month often explains where a strategy finished — the tape shows how the median and dispersion moved through the year.
| Month | n | Median 1M | P10 / P90 | % positive |
|---|---|---|---|---|
| Apr 2022 | 518 | -0.23% | -2.96% / +2.88% | 41.7% |
| May 2022 | 529 | -4.23% | -7.93% / 0.00% | 7.6% |
| Jun 2022 | 556 | -4.01% | -6.60% / +0.34% | 12.9% |
| Jul 2022 | 576 | +8.34% | +0.44% / +12.06% | 97.2% |
| Aug 2022 | 593 | +4.00% | +0.48% / +7.35% | 96.1% |
| Sep 2022 | 604 | -1.14% | -3.50% / +0.78% | 25% |
| Oct 2022 | 600 | +2.00% | 0.00% / +5.01% | 89.3% |
| Nov 2022 | 601 | +1.70% | 0.00% / +5.12% | 88.9% |
| Dec 2022 | 629 | -2.21% | -4.27% / +0.47% | 16.5% |
| Jan 2023 | 642 | -1.92% | -4.46% / +0.53% | 20.2% |
| Feb 2023 | 661 | -1.05% | -3.97% / +0.68% | 24.8% |
| Mar 2023 | 679 | 0.00% | -2.50% / +1.59% | 48.9% |
Absolute leaders
Highest compounded return among 435 strategies with a complete monthly series. Extreme single-month prints can dominate — read the month columns before treating rank as quality.
| # | Strategy / Manager | Return | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | +Mo |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | +63.91% | 0.0% | 0.0% | +62.5% | -0.8% | +1.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -0.2% | 7/12 | |
| 2 | +62.46% | +9.4% | -0.8% | +4.6% | +11.0% | +11.1% | +0.2% | +2.9% | +7.4% | +7.0% | +9.4% | -0.6% | -10.0% | 9/12 | |
| 3 | +38.09% | +2.0% | +3.4% | -0.7% | +13.8% | +6.1% | +0.9% | +2.5% | +2.1% | -3.7% | +2.4% | +1.7% | +3.2% | 10/12 | |
| 4 | +34.82% | -4.1% | -3.9% | -5.9% | +10.1% | +4.2% | -3.7% | +5.6% | +2.7% | -4.7% | -2.2% | -0.9% | +40.5% | 5/12 | |
| 5 | +31.10% | -2.6% | -4.5% | -5.2% | +8.2% | +37.8% | -3.1% | +2.2% | +3.0% | -2.3% | +0.2% | -0.8% | +0.8% | 6/12 | |
| 6 | +28.84% | +5.0% | -6.3% | +2.3% | +13.3% | +7.7% | +3.6% | +5.7% | +3.6% | +1.5% | -1.3% | -3.5% | -4.4% | 8/12 | |
| 7 | +24.84% | +1.0% | +1.0% | +1.0% | +4.1% | +3.5% | +3.5% | +3.6% | +2.7% | +0.8% | -0.1% | +0.7% | +0.8% | 11/12 | |
| 8 | +22.12% | +1.6% | -2.1% | -6.5% | +5.5% | +17.3% | -2.3% | +3.5% | +9.3% | -2.5% | +0.5% | -0.6% | -1.4% | 6/12 | |
| 9 | +21.73% | +3.7% | -3.5% | -3.3% | +9.4% | +5.1% | -1.1% | +3.0% | +8.0% | -0.1% | -1.4% | -1.1% | +2.1% | 6/12 | |
| 10 | +21.60% | -0.8% | -4.0% | -1.3% | +6.0% | +6.8% | +2.2% | +10.8% | +3.6% | +1.1% | -3.0% | -1.2% | +0.5% | 7/12 | |
| 11 | +21.13% | +2.1% | -2.3% | -4.2% | +8.4% | +5.2% | -0.2% | +2.2% | +9.1% | -1.0% | -0.2% | -0.1% | +1.2% | 6/12 | |
| 12 | +20.87% | +4.7% | -1.9% | +0.6% | +7.5% | +2.8% | +6.0% | +0.5% | +2.6% | -2.9% | -1.4% | +0.2% | +1.0% | 9/12 | |
| 13 | +20.28% | +3.1% | -4.1% | -1.3% | +12.3% | +3.8% | -0.3% | +2.2% | +4.9% | -2.7% | +0.2% | +3.4% | -1.7% | 7/12 | |
| 14 | +19.82% | +6.3% | -9.5% | -6.5% | +10.5% | +8.0% | -3.6% | +1.1% | +5.8% | +1.4% | +0.1% | +2.2% | +4.4% | 9/12 | |
| 15 | +19.20% | +10.7% | -4.7% | -4.0% | +7.5% | +9.2% | 0.0% | +1.0% | +2.5% | -2.2% | -2.7% | +1.2% | +0.7% | 7/12 | |
| 16 | +17.37% | +4.9% | -2.2% | -2.5% | +6.7% | +8.0% | -0.7% | +3.5% | +5.0% | -1.0% | -1.3% | -2.7% | -0.7% | 5/12 | |
| 17 | +17.29% | +1.3% | -1.6% | -5.5% | +10.6% | +4.9% | -1.1% | +5.8% | +5.2% | -2.5% | -0.6% | -2.0% | +2.7% | 6/12 | |
| 18 | +16.26% | +5.1% | -1.9% | -3.2% | +6.6% | +5.6% | -6.5% | +2.2% | +7.8% | +0.1% | +0.8% | -1.6% | +1.3% | 8/12 | |
| 19 | +14.83% | +0.1% | -3.7% | -6.7% | +14.6% | +4.4% | -0.2% | +4.2% | +2.6% | -2.7% | +1.2% | -1.5% | +3.1% | 7/12 | |
| 20 | +14.69% | -1.2% | -1.9% | -1.8% | +3.3% | +15.3% | -1.2% | +1.1% | +1.0% | -0.7% | +0.1% | -0.2% | +1.1% | 6/12 | |
| 21 | +14.60% | -1.1% | -3.6% | -2.1% | +11.4% | +6.1% | -1.3% | +1.8% | +8.0% | +0.8% | -0.3% | -2.3% | -2.5% | 5/12 | |
| 22 | +14.34% | +0.6% | -0.1% | +0.5% | +1.4% | +0.6% | +6.9% | +0.6% | +0.9% | +0.6% | +0.7% | +0.4% | +0.4% | 11/12 | |
| 23 | +12.98% | +1.6% | -2.1% | -3.0% | +7.2% | +5.8% | -4.2% | +3.9% | +6.4% | -3.8% | +1.3% | -1.6% | +1.7% | 7/12 | |
| 24 | +12.77% | +0.1% | -4.5% | -2.8% | +8.0% | +5.3% | -1.4% | +1.3% | +11.9% | -5.9% | -1.0% | +1.6% | +1.0% | 7/12 | |
| 25 | +12.49% | +1.6% | -0.4% | -0.7% | +6.1% | +3.5% | -0.1% | +0.6% | +1.1% | -0.5% | -1.2% | +1.2% | +0.9% | 7/12 |
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 / Manager | Return | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | +Mo |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | +62.46% | +9.4% | -0.8% | +4.6% | +11.0% | +11.1% | +0.2% | +2.9% | +7.4% | +7.0% | +9.4% | -0.6% | -10.0% | 9/12 | |
| 2 | +38.09% | +2.0% | +3.4% | -0.7% | +13.8% | +6.1% | +0.9% | +2.5% | +2.1% | -3.7% | +2.4% | +1.7% | +3.2% | 10/12 | |
| 3 | +28.84% | +5.0% | -6.3% | +2.3% | +13.3% | +7.7% | +3.6% | +5.7% | +3.6% | +1.5% | -1.3% | -3.5% | -4.4% | 8/12 | |
| 4 | +24.84% | +1.0% | +1.0% | +1.0% | +4.1% | +3.5% | +3.5% | +3.6% | +2.7% | +0.8% | -0.1% | +0.7% | +0.8% | 11/12 | |
| 5 | +22.12% | +1.6% | -2.1% | -6.5% | +5.5% | +17.3% | -2.3% | +3.5% | +9.3% | -2.5% | +0.5% | -0.6% | -1.4% | 6/12 | |
| 6 | +21.73% | +3.7% | -3.5% | -3.3% | +9.4% | +5.1% | -1.1% | +3.0% | +8.0% | -0.1% | -1.4% | -1.1% | +2.1% | 6/12 | |
| 7 | +21.60% | -0.8% | -4.0% | -1.3% | +6.0% | +6.8% | +2.2% | +10.8% | +3.6% | +1.1% | -3.0% | -1.2% | +0.5% | 7/12 | |
| 8 | +21.13% | +2.1% | -2.3% | -4.2% | +8.4% | +5.2% | -0.2% | +2.2% | +9.1% | -1.0% | -0.2% | -0.1% | +1.2% | 6/12 | |
| 9 | +20.87% | +4.7% | -1.9% | +0.6% | +7.5% | +2.8% | +6.0% | +0.5% | +2.6% | -2.9% | -1.4% | +0.2% | +1.0% | 9/12 | |
| 10 | +20.28% | +3.1% | -4.1% | -1.3% | +12.3% | +3.8% | -0.3% | +2.2% | +4.9% | -2.7% | +0.2% | +3.4% | -1.7% | 7/12 | |
| 11 | +19.82% | +6.3% | -9.5% | -6.5% | +10.5% | +8.0% | -3.6% | +1.1% | +5.8% | +1.4% | +0.1% | +2.2% | +4.4% | 9/12 | |
| 12 | +19.20% | +10.7% | -4.7% | -4.0% | +7.5% | +9.2% | 0.0% | +1.0% | +2.5% | -2.2% | -2.7% | +1.2% | +0.7% | 7/12 | |
| 13 | +17.37% | +4.9% | -2.2% | -2.5% | +6.7% | +8.0% | -0.7% | +3.5% | +5.0% | -1.0% | -1.3% | -2.7% | -0.7% | 5/12 | |
| 14 | +17.29% | +1.3% | -1.6% | -5.5% | +10.6% | +4.9% | -1.1% | +5.8% | +5.2% | -2.5% | -0.6% | -2.0% | +2.7% | 6/12 | |
| 15 | +16.26% | +5.1% | -1.9% | -3.2% | +6.6% | +5.6% | -6.5% | +2.2% | +7.8% | +0.1% | +0.8% | -1.6% | +1.3% | 8/12 | |
| 16 | +14.83% | +0.1% | -3.7% | -6.7% | +14.6% | +4.4% | -0.2% | +4.2% | +2.6% | -2.7% | +1.2% | -1.5% | +3.1% | 7/12 | |
| 17 | +14.69% | -1.2% | -1.9% | -1.8% | +3.3% | +15.3% | -1.2% | +1.1% | +1.0% | -0.7% | +0.1% | -0.2% | +1.1% | 6/12 | |
| 18 | +14.60% | -1.1% | -3.6% | -2.1% | +11.4% | +6.1% | -1.3% | +1.8% | +8.0% | +0.8% | -0.3% | -2.3% | -2.5% | 5/12 | |
| 19 | +14.34% | +0.6% | -0.1% | +0.5% | +1.4% | +0.6% | +6.9% | +0.6% | +0.9% | +0.6% | +0.7% | +0.4% | +0.4% | 11/12 | |
| 20 | +12.98% | +1.6% | -2.1% | -3.0% | +7.2% | +5.8% | -4.2% | +3.9% | +6.4% | -3.8% | +1.3% | -1.6% | +1.7% | 7/12 |
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 / Manager | Return | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | +Mo |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | +10.87% | +1.0% | +0.7% | +0.9% | +0.8% | +0.9% | +0.9% | +0.9% | +0.9% | +0.9% | +0.8% | +0.8% | +0.9% | 12/12 | |
| 2 | +10.59% | +0.8% | +0.6% | +0.8% | +0.8% | +0.6% | +0.7% | +0.7% | +1.3% | +2.3% | +0.6% | +0.8% | +0.2% | 12/12 | |
| 3 | +9.85% | 0.0% | +0.6% | +0.8% | +0.8% | +0.4% | +0.3% | +0.5% | +0.6% | +0.1% | +0.3% | +1.7% | +3.4% | 12/12 | |
| 4 | +8.29% | +0.4% | +0.6% | +0.5% | +1.0% | +0.7% | +0.5% | +0.5% | +0.5% | +2.3% | +0.7% | +0.3% | +0.2% | 12/12 | |
| 5 | +7.91% | +0.6% | +0.4% | +0.4% | +0.7% | +0.8% | +0.6% | +0.8% | +0.9% | +0.6% | +0.6% | +0.9% | +0.4% | 12/12 | |
| 6 | +7.68% | +0.6% | +0.6% | +0.5% | +0.8% | +0.7% | +0.5% | +0.7% | +0.7% | +0.5% | +0.6% | +0.6% | +0.6% | 12/12 | |
| 7 | +7.21% | +0.9% | +0.4% | +0.5% | +0.7% | +0.6% | +0.6% | +0.7% | +0.6% | +0.7% | +0.6% | +0.5% | +0.2% | 12/12 | |
| 8 | +6.35% | +0.3% | +0.3% | +0.2% | +0.4% | +0.5% | +0.3% | +0.5% | +1.8% | +0.4% | +0.5% | +0.5% | +0.5% | 12/12 | |
| 9 | +5.61% | +0.3% | +0.3% | +0.4% | +0.4% | +0.5% | +0.4% | +0.5% | +0.5% | +0.6% | +0.5% | +0.5% | +0.7% | 12/12 | |
| 10 | +5.48% | +0.3% | +0.1% | +0.4% | +0.4% | +0.4% | +0.3% | +0.5% | +0.6% | +0.6% | +0.6% | +0.5% | +0.7% | 12/12 | |
| 11 | +5.47% | +0.3% | +0.3% | +0.2% | +0.2% | +0.5% | +0.4% | +0.5% | +0.6% | +0.6% | +0.5% | +0.5% | +0.7% | 12/12 | |
| 12 | +5.43% | +0.3% | +0.3% | +0.4% | +0.4% | +0.5% | +0.4% | +0.5% | +0.5% | +0.6% | +0.5% | +0.5% | +0.5% | 12/12 | |
| 13 | +5.39% | +0.3% | +0.3% | +0.4% | +0.4% | +0.5% | +0.4% | +0.5% | +0.5% | +0.5% | +0.5% | +0.5% | +0.6% | 12/12 | |
| 14 | +5.36% | +0.3% | +0.4% | +0.4% | +0.4% | +0.4% | +0.4% | +0.5% | +0.5% | +0.5% | +0.5% | +0.3% | +0.7% | 12/12 | |
| 15 | +5.21% | +0.3% | +0.3% | +0.4% | +0.4% | +0.4% | +0.4% | +0.5% | +0.5% | +0.5% | +0.5% | +0.5% | +0.5% | 12/12 | |
| 16 | +5.21% | +0.3% | +0.3% | +0.4% | +0.4% | +0.4% | +0.4% | +0.5% | +0.5% | +0.5% | +0.5% | +0.5% | +0.5% | 12/12 | |
| 17 | +5.18% | +0.3% | +0.3% | +0.4% | +0.4% | +0.3% | +0.4% | +0.5% | +0.6% | +0.5% | +0.5% | +0.5% | +0.6% | 12/12 | |
| 18 | +5.15% | +0.3% | +0.4% | +0.4% | +0.4% | +0.4% | +0.4% | +0.5% | +0.5% | +0.5% | +0.5% | +0.4% | +0.4% | 12/12 | |
| 19 | +5.13% | +0.3% | +0.3% | +0.4% | +0.4% | +0.4% | +0.4% | +0.5% | +0.5% | +0.5% | +0.5% | +0.5% | +0.4% | 12/12 | |
| 20 | +4.81% | +0.3% | +0.3% | +0.3% | +0.4% | +0.4% | +0.4% | +0.5% | +0.5% | +0.3% | +0.1% | +0.4% | +0.7% | 12/12 |
Resilient compounders
At or above the universe median (+1.30%) with a controlled worst month. A middle path between raw speed and all-green consistency.
| # | Strategy / Manager | Return | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | +Mo |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | +63.91% | 0.0% | 0.0% | +62.5% | -0.8% | +1.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -0.2% | 7/12 | |
| 2 | +62.46% | +9.4% | -0.8% | +4.6% | +11.0% | +11.1% | +0.2% | +2.9% | +7.4% | +7.0% | +9.4% | -0.6% | -10.0% | 9/12 | |
| 3 | +38.09% | +2.0% | +3.4% | -0.7% | +13.8% | +6.1% | +0.9% | +2.5% | +2.1% | -3.7% | +2.4% | +1.7% | +3.2% | 10/12 | |
| 4 | +34.82% | -4.1% | -3.9% | -5.9% | +10.1% | +4.2% | -3.7% | +5.6% | +2.7% | -4.7% | -2.2% | -0.9% | +40.5% | 5/12 | |
| 5 | +31.10% | -2.6% | -4.5% | -5.2% | +8.2% | +37.8% | -3.1% | +2.2% | +3.0% | -2.3% | +0.2% | -0.8% | +0.8% | 6/12 | |
| 6 | +28.84% | +5.0% | -6.3% | +2.3% | +13.3% | +7.7% | +3.6% | +5.7% | +3.6% | +1.5% | -1.3% | -3.5% | -4.4% | 8/12 | |
| 7 | +24.84% | +1.0% | +1.0% | +1.0% | +4.1% | +3.5% | +3.5% | +3.6% | +2.7% | +0.8% | -0.1% | +0.7% | +0.8% | 11/12 | |
| 8 | +22.12% | +1.6% | -2.1% | -6.5% | +5.5% | +17.3% | -2.3% | +3.5% | +9.3% | -2.5% | +0.5% | -0.6% | -1.4% | 6/12 | |
| 9 | +21.73% | +3.7% | -3.5% | -3.3% | +9.4% | +5.1% | -1.1% | +3.0% | +8.0% | -0.1% | -1.4% | -1.1% | +2.1% | 6/12 | |
| 10 | +21.60% | -0.8% | -4.0% | -1.3% | +6.0% | +6.8% | +2.2% | +10.8% | +3.6% | +1.1% | -3.0% | -1.2% | +0.5% | 7/12 | |
| 11 | +21.13% | +2.1% | -2.3% | -4.2% | +8.4% | +5.2% | -0.2% | +2.2% | +9.1% | -1.0% | -0.2% | -0.1% | +1.2% | 6/12 | |
| 12 | +20.87% | +4.7% | -1.9% | +0.6% | +7.5% | +2.8% | +6.0% | +0.5% | +2.6% | -2.9% | -1.4% | +0.2% | +1.0% | 9/12 | |
| 13 | +20.28% | +3.1% | -4.1% | -1.3% | +12.3% | +3.8% | -0.3% | +2.2% | +4.9% | -2.7% | +0.2% | +3.4% | -1.7% | 7/12 | |
| 14 | +19.82% | +6.3% | -9.5% | -6.5% | +10.5% | +8.0% | -3.6% | +1.1% | +5.8% | +1.4% | +0.1% | +2.2% | +4.4% | 9/12 | |
| 15 | +19.20% | +10.7% | -4.7% | -4.0% | +7.5% | +9.2% | 0.0% | +1.0% | +2.5% | -2.2% | -2.7% | +1.2% | +0.7% | 7/12 |
How to read this (and what to open next)
- Pair any leader with longer CAGR rankings and the risk-adjusted leaderboard.
- Understand the metric definitions in calendar returns and how to compare schemes.
- Browse the full strategy table or company directory — linked names above resolve to live profiles when the backend feed matches.
- Compare periods: browse every window from the reports hub.
Methodology
- Source: SEBI monthly PMS disclosures ingested into KnowYourPMS; 1M TWRR cells for 2022-04…2023-03.
- 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 +1.30%; mean +0.28%; P90 +9.74%.
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 2022-23 report measure?
- Compounded return over the twelve months April 2022 through March, using SEBI monthly 1M TWRR. Only strategies reporting all twelve months are ranked.
- Why are some full-year returns negative?
- FY 2022-23 had a median of +1.3%. 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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