Full yearFY 2023-24 · complete financial year · April–March
FY 2023-24 — Full-Year Indian PMS Performance
The full-year scorecard for FY 2023-24, compounding twelve months of SEBI TWRR (1M) across 571 strategies with a complete April–March series. The median strategy returned +35.8% with 96.7% of the field positive — a constructive year for active Indian equity mandates. Abchlor Portfolio Management Service led at +152.1%.
Read alongside our methodology, the live leaderboard, and PMS profiles.
Full-window strategies
571
Median return
+35.76%
Share positive
96.7%
Above +25%
409
How the year was built
Month-by-month cross-section for FY 2023-24. 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 2023 | 720 | +4.20% | +0.56% / +7.64% | 94.7% |
| May 2023 | 787 | +4.01% | +0.57% / +7.67% | 94.9% |
| Jun 2023 | 802 | +4.36% | +0.50% / +7.77% | 94% |
| Jul 2023 | 792 | +3.79% | +0.54% / +8.37% | 95.5% |
| Aug 2023 | 787 | +0.85% | -1.08% / +6.29% | 72.8% |
| Sep 2023 | 798 | +0.96% | -0.62% / +3.45% | 79.2% |
| Oct 2023 | 823 | -1.85% | -3.82% / +0.73% | 23.3% |
| Nov 2023 | 839 | +6.34% | +0.55% / +9.64% | 95.5% |
| Dec 2023 | 868 | +4.77% | +0.55% / +7.98% | 94% |
| Jan 2024 | 888 | +1.54% | -0.78% / +7.44% | 80.3% |
| Feb 2024 | 898 | +0.88% | -1.61% / +3.20% | 70.6% |
| Mar 2024 | 930 | 0.00% | -4.57% / +1.87% | 48.3% |
Absolute leaders
Highest compounded return among 571 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 | +152.07% | +18.7% | +19.4% | +0.7% | +5.5% | +1.3% | +28.8% | -14.4% | +30.8% | +8.7% | +43.7% | -10.6% | -17.8% | 9/12 | |
| 2 | +108.06% | +11.4% | +7.2% | +7.1% | +8.0% | +5.5% | +7.1% | +2.2% | +11.4% | +5.9% | +9.2% | +1.2% | 0.0% | 11/12 | |
| 3 | +107.96% | +4.9% | +6.3% | +6.7% | +15.3% | +9.0% | -4.2% | +7.6% | +5.5% | +2.4% | +14.3% | +6.0% | +3.2% | 11/12 | |
| 4 | +105.95% | +3.5% | +4.1% | +56.5% | +3.6% | +0.1% | +2.1% | -2.7% | +7.0% | +7.0% | +1.6% | +2.6% | -0.6% | 10/12 | |
| 5 | +105.54% | +10.1% | +4.8% | +12.9% | +13.9% | +13.9% | +3.5% | -1.9% | +13.2% | +5.6% | +10.9% | -5.2% | -4.7% | 9/12 | |
| 6 | +105.50% | +7.2% | +3.1% | +6.2% | +6.4% | +2.8% | +6.9% | -1.4% | +13.1% | +16.0% | +11.3% | +6.3% | -2.1% | 10/12 | |
| 7 | +104.10% | +4.9% | +6.5% | +14.6% | +11.9% | +3.6% | +4.3% | -6.4% | +14.0% | +12.1% | +9.9% | +3.1% | -2.7% | 10/12 | |
| 8 | +98.37% | +7.1% | +11.2% | +7.9% | +12.1% | +13.7% | 0.0% | +1.0% | +7.8% | +4.2% | +7.4% | +2.5% | -3.0% | 11/12 | |
| 9 | +95.76% | +10.2% | +2.1% | +7.4% | +13.3% | +7.7% | +11.0% | -4.9% | +13.2% | +9.9% | +12.7% | -7.6% | -3.0% | 9/12 | |
| 10 | +94.33% | +6.8% | +2.3% | +6.2% | +8.3% | +4.0% | +10.8% | -4.6% | +10.4% | +8.0% | +8.1% | +6.5% | +2.6% | 11/12 | |
| 11 | +94.12% | +6.1% | +6.0% | +5.5% | +5.9% | -0.2% | +15.7% | -7.3% | +12.1% | +14.6% | +12.7% | -1.6% | +1.4% | 9/12 | |
| 12 | +92.14% | +6.4% | +5.4% | +16.9% | +17.9% | +8.5% | +2.9% | +10.2% | +4.5% | +2.5% | +6.3% | -3.1% | -8.4% | 10/12 | |
| 13 | +91.35% | +13.2% | +2.1% | +10.3% | +7.1% | +8.8% | +1.7% | +1.0% | +6.9% | +3.7% | +9.9% | +6.3% | -3.1% | 11/12 | |
| 14 | +89.63% | +12.4% | +10.3% | +10.9% | +9.0% | +11.4% | -0.7% | +5.8% | +5.8% | +7.9% | +8.0% | -7.1% | -5.6% | 9/12 | |
| 15 | +89.49% | +7.8% | +14.0% | +7.2% | +8.8% | +7.2% | +4.6% | +8.9% | +9.4% | +4.0% | -2.2% | +0.2% | -2.9% | 10/12 | |
| 16 | +89.11% | +6.6% | +7.5% | +8.9% | +13.8% | +5.5% | -0.7% | +2.1% | +9.1% | +4.5% | +6.6% | +2.0% | +0.4% | 11/12 | |
| 17 | +88.46% | +8.4% | +6.5% | +15.8% | +10.6% | +7.7% | +5.4% | -1.9% | +8.7% | +4.9% | +8.1% | -0.3% | -6.9% | 9/12 | |
| 18 | +88.42% | +10.5% | +7.0% | +6.8% | +16.5% | +10.9% | -2.8% | +8.9% | +7.0% | +1.0% | +11.1% | -2.8% | -6.5% | 9/12 | |
| 19 | +85.35% | +5.4% | +8.3% | +5.8% | +6.4% | +6.1% | +1.9% | -1.9% | +13.2% | +5.9% | +11.9% | -0.4% | +1.9% | 10/12 | |
| 20 | +84.83% | +11.7% | +9.9% | +15.2% | +10.1% | +4.8% | -0.5% | -0.3% | +9.5% | +4.6% | +7.0% | -6.3% | -0.5% | 8/12 | |
| 21 | +84.21% | +11.7% | +5.8% | +5.5% | +28.9% | +9.4% | -1.9% | +0.9% | +9.4% | +5.7% | +5.2% | +0.4% | -13.4% | 10/12 | |
| 22 | +82.88% | +6.0% | +6.5% | +7.1% | +10.2% | +7.5% | +2.9% | +0.6% | +8.6% | +5.8% | +9.3% | +1.1% | -2.7% | 11/12 | |
| 23 | +82.24% | +9.9% | +2.1% | +7.3% | +16.0% | +8.5% | +3.4% | +0.6% | +9.0% | +3.8% | +6.4% | -3.2% | -0.9% | 10/12 | |
| 24 | +81.74% | +6.6% | +7.2% | +7.8% | +15.5% | +3.6% | -0.7% | +0.1% | +8.5% | +4.6% | +6.6% | +2.5% | +0.1% | 11/12 | |
| 25 | +80.64% | +8.3% | +9.2% | +8.0% | +8.1% | +9.0% | +0.1% | +2.4% | +9.7% | +7.1% | +9.3% | -1.8% | -7.1% | 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 / Manager | Return | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | +Mo |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | +108.06% | +11.4% | +7.2% | +7.1% | +8.0% | +5.5% | +7.1% | +2.2% | +11.4% | +5.9% | +9.2% | +1.2% | 0.0% | 11/12 | |
| 2 | +107.96% | +4.9% | +6.3% | +6.7% | +15.3% | +9.0% | -4.2% | +7.6% | +5.5% | +2.4% | +14.3% | +6.0% | +3.2% | 11/12 | |
| 3 | +105.54% | +10.1% | +4.8% | +12.9% | +13.9% | +13.9% | +3.5% | -1.9% | +13.2% | +5.6% | +10.9% | -5.2% | -4.7% | 9/12 | |
| 4 | +105.50% | +7.2% | +3.1% | +6.2% | +6.4% | +2.8% | +6.9% | -1.4% | +13.1% | +16.0% | +11.3% | +6.3% | -2.1% | 10/12 | |
| 5 | +104.10% | +4.9% | +6.5% | +14.6% | +11.9% | +3.6% | +4.3% | -6.4% | +14.0% | +12.1% | +9.9% | +3.1% | -2.7% | 10/12 | |
| 6 | +98.37% | +7.1% | +11.2% | +7.9% | +12.1% | +13.7% | 0.0% | +1.0% | +7.8% | +4.2% | +7.4% | +2.5% | -3.0% | 11/12 | |
| 7 | +95.76% | +10.2% | +2.1% | +7.4% | +13.3% | +7.7% | +11.0% | -4.9% | +13.2% | +9.9% | +12.7% | -7.6% | -3.0% | 9/12 | |
| 8 | +94.33% | +6.8% | +2.3% | +6.2% | +8.3% | +4.0% | +10.8% | -4.6% | +10.4% | +8.0% | +8.1% | +6.5% | +2.6% | 11/12 | |
| 9 | +94.12% | +6.1% | +6.0% | +5.5% | +5.9% | -0.2% | +15.7% | -7.3% | +12.1% | +14.6% | +12.7% | -1.6% | +1.4% | 9/12 | |
| 10 | +92.14% | +6.4% | +5.4% | +16.9% | +17.9% | +8.5% | +2.9% | +10.2% | +4.5% | +2.5% | +6.3% | -3.1% | -8.4% | 10/12 | |
| 11 | +91.35% | +13.2% | +2.1% | +10.3% | +7.1% | +8.8% | +1.7% | +1.0% | +6.9% | +3.7% | +9.9% | +6.3% | -3.1% | 11/12 | |
| 12 | +89.63% | +12.4% | +10.3% | +10.9% | +9.0% | +11.4% | -0.7% | +5.8% | +5.8% | +7.9% | +8.0% | -7.1% | -5.6% | 9/12 | |
| 13 | +89.49% | +7.8% | +14.0% | +7.2% | +8.8% | +7.2% | +4.6% | +8.9% | +9.4% | +4.0% | -2.2% | +0.2% | -2.9% | 10/12 | |
| 14 | +89.11% | +6.6% | +7.5% | +8.9% | +13.8% | +5.5% | -0.7% | +2.1% | +9.1% | +4.5% | +6.6% | +2.0% | +0.4% | 11/12 | |
| 15 | +88.46% | +8.4% | +6.5% | +15.8% | +10.6% | +7.7% | +5.4% | -1.9% | +8.7% | +4.9% | +8.1% | -0.3% | -6.9% | 9/12 | |
| 16 | +88.42% | +10.5% | +7.0% | +6.8% | +16.5% | +10.9% | -2.8% | +8.9% | +7.0% | +1.0% | +11.1% | -2.8% | -6.5% | 9/12 | |
| 17 | +85.35% | +5.4% | +8.3% | +5.8% | +6.4% | +6.1% | +1.9% | -1.9% | +13.2% | +5.9% | +11.9% | -0.4% | +1.9% | 10/12 | |
| 18 | +84.83% | +11.7% | +9.9% | +15.2% | +10.1% | +4.8% | -0.5% | -0.3% | +9.5% | +4.6% | +7.0% | -6.3% | -0.5% | 8/12 | |
| 19 | +84.21% | +11.7% | +5.8% | +5.5% | +28.9% | +9.4% | -1.9% | +0.9% | +9.4% | +5.7% | +5.2% | +0.4% | -13.4% | 10/12 | |
| 20 | +82.88% | +6.0% | +6.5% | +7.1% | +10.2% | +7.5% | +2.9% | +0.6% | +8.6% | +5.8% | +9.3% | +1.1% | -2.7% | 11/12 |
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 | +61.39% | +5.7% | +6.2% | +3.6% | +6.2% | +5.0% | +0.7% | +1.8% | +9.5% | +4.2% | +3.9% | +0.4% | +2.0% | 12/12 | |
| 2 | +53.21% | +4.2% | +3.6% | +4.0% | +5.0% | +0.7% | +3.0% | +0.1% | +6.4% | +4.3% | +5.8% | +6.5% | +0.1% | 12/12 | |
| 3 | +14.53% | +1.3% | +1.3% | +0.5% | +1.4% | +0.2% | +0.1% | +0.4% | +2.3% | +2.2% | +1.0% | +1.3% | +1.7% | 12/12 | |
| 4 | +11.89% | +0.7% | +0.8% | +0.1% | +1.2% | +0.7% | +0.9% | +1.6% | +1.5% | +0.6% | +1.7% | +1.2% | +0.4% | 12/12 | |
| 5 | +11.82% | +1.2% | +0.9% | +1.0% | +0.8% | +1.4% | +0.7% | +0.6% | +0.8% | +0.9% | +0.9% | +1.0% | +1.1% | 12/12 | |
| 6 | +10.32% | +0.1% | +1.1% | +1.2% | +1.2% | +1.1% | +0.6% | +0.7% | +1.0% | +0.4% | +0.8% | +0.9% | +0.7% | 12/12 | |
| 7 | +10.14% | +1.0% | +0.7% | +0.9% | +0.8% | +1.0% | +0.6% | +0.6% | +0.7% | +0.8% | +0.8% | +0.9% | +0.9% | 12/12 | |
| 8 | +9.54% | +0.5% | +1.1% | +0.5% | +0.9% | +1.0% | +0.5% | +0.7% | +0.8% | +0.6% | +1.0% | +0.9% | +0.6% | 12/12 | |
| 9 | +9.26% | +0.4% | +0.9% | +0.7% | +0.9% | +0.8% | +0.6% | +0.7% | +0.8% | +0.8% | +0.8% | +0.7% | +0.8% | 12/12 | |
| 10 | +9.16% | +0.5% | +0.6% | +0.5% | +0.5% | +0.5% | +0.5% | +0.5% | +3.2% | +0.5% | +0.6% | +0.5% | +0.6% | 12/12 | |
| 11 | +9.11% | +0.9% | +0.8% | +0.7% | +0.9% | +0.7% | +0.8% | +0.5% | +0.8% | +0.2% | +1.0% | +0.7% | +0.8% | 12/12 | |
| 12 | +8.35% | +1.4% | +0.9% | +0.3% | +0.5% | +0.6% | +0.3% | +0.3% | +0.7% | +0.7% | +0.8% | +0.9% | +0.7% | 12/12 | |
| 13 | +8.20% | +0.9% | +0.7% | +0.8% | +0.8% | +0.5% | +0.7% | +0.3% | +0.7% | +0.4% | +0.8% | +0.6% | +0.7% | 12/12 | |
| 14 | +7.98% | +1.0% | +0.8% | +0.4% | +0.7% | +0.6% | +0.5% | +0.3% | +0.6% | +0.8% | +0.6% | +0.8% | +0.7% | 12/12 | |
| 15 | +7.81% | +0.7% | +1.1% | +0.4% | +0.4% | +0.7% | +0.6% | +0.2% | +0.7% | +0.7% | +0.9% | +0.7% | +0.6% | 12/12 | |
| 16 | +7.69% | +0.9% | +0.8% | +0.4% | +0.6% | +0.6% | +0.5% | +0.2% | +0.6% | +0.7% | +0.9% | +0.7% | +0.6% | 12/12 | |
| 17 | +7.25% | +0.6% | +0.6% | +0.5% | +0.6% | +0.6% | +0.6% | +0.6% | +0.6% | +0.6% | +0.6% | +0.6% | +0.7% | 12/12 | |
| 18 | +7.22% | +1.0% | +0.8% | +0.3% | +0.6% | +0.5% | +0.4% | +0.4% | +0.6% | +0.7% | +0.6% | +0.7% | +0.6% | 12/12 | |
| 19 | +7.21% | +0.5% | +0.4% | +0.6% | +1.3% | +0.2% | +0.4% | +0.6% | +0.4% | +1.4% | +0.6% | +0.5% | +0.3% | 12/12 | |
| 20 | +7.21% | +0.5% | +0.4% | +0.6% | +1.3% | +0.2% | +0.4% | +0.6% | +0.4% | +1.4% | +0.6% | +0.5% | +0.3% | 12/12 |
Resilient compounders
At or above the universe median (+35.76%) 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 | +108.06% | +11.4% | +7.2% | +7.1% | +8.0% | +5.5% | +7.1% | +2.2% | +11.4% | +5.9% | +9.2% | +1.2% | 0.0% | 11/12 | |
| 2 | +107.96% | +4.9% | +6.3% | +6.7% | +15.3% | +9.0% | -4.2% | +7.6% | +5.5% | +2.4% | +14.3% | +6.0% | +3.2% | 11/12 | |
| 3 | +105.95% | +3.5% | +4.1% | +56.5% | +3.6% | +0.1% | +2.1% | -2.7% | +7.0% | +7.0% | +1.6% | +2.6% | -0.6% | 10/12 | |
| 4 | +105.54% | +10.1% | +4.8% | +12.9% | +13.9% | +13.9% | +3.5% | -1.9% | +13.2% | +5.6% | +10.9% | -5.2% | -4.7% | 9/12 | |
| 5 | +105.50% | +7.2% | +3.1% | +6.2% | +6.4% | +2.8% | +6.9% | -1.4% | +13.1% | +16.0% | +11.3% | +6.3% | -2.1% | 10/12 | |
| 6 | +104.10% | +4.9% | +6.5% | +14.6% | +11.9% | +3.6% | +4.3% | -6.4% | +14.0% | +12.1% | +9.9% | +3.1% | -2.7% | 10/12 | |
| 7 | +98.37% | +7.1% | +11.2% | +7.9% | +12.1% | +13.7% | 0.0% | +1.0% | +7.8% | +4.2% | +7.4% | +2.5% | -3.0% | 11/12 | |
| 8 | +95.76% | +10.2% | +2.1% | +7.4% | +13.3% | +7.7% | +11.0% | -4.9% | +13.2% | +9.9% | +12.7% | -7.6% | -3.0% | 9/12 | |
| 9 | +94.33% | +6.8% | +2.3% | +6.2% | +8.3% | +4.0% | +10.8% | -4.6% | +10.4% | +8.0% | +8.1% | +6.5% | +2.6% | 11/12 | |
| 10 | +94.12% | +6.1% | +6.0% | +5.5% | +5.9% | -0.2% | +15.7% | -7.3% | +12.1% | +14.6% | +12.7% | -1.6% | +1.4% | 9/12 | |
| 11 | +92.14% | +6.4% | +5.4% | +16.9% | +17.9% | +8.5% | +2.9% | +10.2% | +4.5% | +2.5% | +6.3% | -3.1% | -8.4% | 10/12 | |
| 12 | +91.35% | +13.2% | +2.1% | +10.3% | +7.1% | +8.8% | +1.7% | +1.0% | +6.9% | +3.7% | +9.9% | +6.3% | -3.1% | 11/12 | |
| 13 | +89.63% | +12.4% | +10.3% | +10.9% | +9.0% | +11.4% | -0.7% | +5.8% | +5.8% | +7.9% | +8.0% | -7.1% | -5.6% | 9/12 | |
| 14 | +89.49% | +7.8% | +14.0% | +7.2% | +8.8% | +7.2% | +4.6% | +8.9% | +9.4% | +4.0% | -2.2% | +0.2% | -2.9% | 10/12 | |
| 15 | +89.11% | +6.6% | +7.5% | +8.9% | +13.8% | +5.5% | -0.7% | +2.1% | +9.1% | +4.5% | +6.6% | +2.0% | +0.4% | 11/12 |
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 2023-04…2024-03.
- 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 +35.76%; mean +36.44%; P90 +64.76%.
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 2023-24 report measure?
- Compounded return over the twelve months April 2023 through March, using SEBI monthly 1M TWRR. Only strategies reporting all twelve months are ranked.
- Why are some full-year returns negative?
- FY 2023-24 had a median of +35.8%. 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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