PMS Tracker: Top 15 funds jump up to 19% in June; Right Horizons, Qode among a handful strategies lagging
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At least 15 PMS funds across multicap, midcap , and smallcap strategies posted robust gains in June 2025, with Square 64 Capital Advisors Multicap strategy emerging as the top performer with a stellar 19.4% monthly return, according to data from PMS Bazaar.2Point2 Capital's Long Term Value Fund was the second-best performer, delivering a 12.1% return, followed by Capitalmind's NRI Surge India strategy, which gained 11.6%. Trivantage Capital's Small and Midcap Financials continued its strong run with a 9.5% monthly rise. Alchemy Capital's High Growth strategy and Maxiom PMS-GEM also featured among the top performers, gaining 7.95% and 7.94%, respectively.NJ Asset Management's Multicap strategy returned 7.85%, while Carnelian Asset's Bespoke Strategy added 7.57%. ASK Investment Managers' Financial Opportunities Portfolio, classified under sectoral funds, rose 7.45% in June.Renaissance Investment's Midcap Portfolio and Unifi Capital's BCAD strategy delivered identical 7.14% returns. Abans Investment Managers' Smart Beta Portfolio was up 7.06%, and Agreya Capital's Total Return Enhancer rose 6.94%. Money Grow Asset's Bespoke strategy gained 6.93%, while Purnartha Investment Advisers' Dynamic Midcap Strategy added 6.9%.While several strategies clocked solid returns, a handful of portfolios underperformed during the month. Right Horizons' Perennial strategy was the worst hit, slipping 2.76% in June.Qode Advisors' Future Horizon strategy declined 0.26%, while ASK Investment Managers' Lighthouse Portfolio edged lower by 0.08%. Acepro Advisors' Galaxy Strategy dipped 0.05%.Among others with subdued returns were Northern Arc's Credit Opportunities Strategy, which was up 0.08%, Magadh Capital's Future Stars, which rose 0.11%, and Aequitas Investment's India Opportunities Product which edged higher by 0.15%.Overall, June saw a strong divergence in PMS strategy performance, with multicap and midcap strategies clearly outperforming, while certain smallcap, quant-based, and hybrid approaches remained under pressure.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Time of India
4 hours ago
- Time of India
Jewellery sector eyes Middle East as US tariff threat grows
Surat: With the looming threat of US tariffs on the Indian economy, the gem and jewellery sector is turning to alternative markets, particularly in the Middle East. A steady decline in exports remains a concern, but these smaller emerging markets offer a glimmer of hope for the struggling industry. Tired of too many ads? go ad free now In one such initiative, the Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gem and jewellery trade in India, with the support of the Ministry of Commerce and Industry, Govt of India, the Embassy of India in Riyadh, the Consulate General of India in Jeddah, and the Dubai Jewellery Group, successfully launched the Saudi Arabia Jewellery Exposition (SAJEX) through two curtain-raiser events in Jeddah and Riyadh recently. The twin events witnessed an overwhelming response from over 280 key Saudi stakeholders, including top retailers, wholesalers, and manufacturers. Later this year, a three-day event, SAJEX 2025, will take place from Sept 11 at the iconic Jeddah Superdome. "As part of its ongoing efforts to diversify export markets and explore untapped opportunities, GJEPC is unlocking the growing potential of Saudi Arabia, the Gulf's largest economy, with a GDP of $1.1 trillion. With its jewellery market projected to nearly double from $4.56 billion in 2024 to $8.34 billion by 2030," said GJEPC in a statement. Saudi Arabia is fast emerging as a key destination for contemporary and luxury jewellery. A young, urban population and a dynamic retail environment are driving demand for 18 karat and 21 karat plain gold, diamond-studded jewellery, and premium design-led products. Against this backdrop, SAJEX becomes an important strategic step to strengthen India-Saudi Arabia ties and expand India's jewellery footprint in the Middle East and beyond. Tired of too many ads? go ad free now SAJEX, positioned as "The World Gem and Jewellery Fair," marks the beginning of a long-term partnership between India and Saudi Arabia in the jewellery sector. India, as the global hub for jewellery manufacturing, will showcase its exceptional craftsmanship, cutting-edge design, and manufacturing expertise at this platform, which will feature over 200 leading exhibitors across more than 250 booths from India, Saudi Arabia, UAE, Turkey, Hong Kong, and Lebanon. The event will witness over 2,000 international buyers, and the product showcase will span diamond and coloured gemstone-studded jewellery, plain gold jewellery, along with cutting-edge jewellery technology. "What makes SAJEX truly unique is its long-term vision to foster enduring partnerships between international manufacturers and Saudi retailers through a focused B2B platform tailored to the Kingdom's evolving market. At the heart of this effort is the World Jewellery Investment Forum, co-hosted by GJEPC and the Ministry of Investment of Saudi Arabia," GJEPC said. This high-level forum will bring together govt leaders, global brands, investors, and industry experts to explore strategic opportunities across the jewellery value chain, positioning Saudi Arabia as a future hub for jewellery design, innovation, and investment. "Amidst a dynamic global trade environment, SAJEX is a proactive step towards expanding India's jewellery exports to high-potential markets like Saudi Arabia. The Kingdom, with its evolving luxury retail ecosystem, young consumers, and strong appetite for design-led gold and diamond jewellery, presents an exciting frontier for Indian manufacturers. SAJEX marks the beginning of a shared journey between India and Saudi Arabia, positioning the two nations as a formidable force," said Kirit Bhansali, chairman, GJEPC. "With India as a leading global supplier of gems and jewellery, exporting $32 billion annually, and Saudi Arabia's jewellery market projected to nearly double to $8.34 billion by 2030, this partnership is set to reshape the industry and set new benchmarks for collaboration, innovation, and growth across the region and beyond," Bhansali added.
Time of India
2 days ago
- Time of India
Gems and jewellery exports decline 14.25% in June amid economic uncertainties and geopolitical tensions
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Exports of gems and jewellery in June stood at USD 1626.96 million (Rs. 13978.980 crores) reflecting a dip of 14.25% as compared to USD 1897.25 million (Rs. 15836.94 crores) for the same period last year, according to data released by the Gem & Jewellery Export Council ( GJEPC ). This downtrend is primarily because of the economic uncertainties circling Trump's tariff, which has led to weak demand from key markets. Moreover, the recent geopolitical unrest in the Middle-East has further disturbed the global consumption the other hand, the overall imports of gems and jewellery for June stood at USD 1549.17 million (Rs. 13308.49 crores) showing a decline of 2.96% as compared to USDb1596.36 million (Rs. 13322.76 crores) for the same period of previous year. The demand in the home ground is stagnant due to high gold prices and economic uncertainties clubbed with a comparatively dull period for gold-buying. Having said that, the onset of the festive and wedding season is expected to bring back the lost vigour in terms of overall gross export of cut and polished diamonds stood at USD 778.78 million (Rs. 6692.94 crores) in June showing a decline of 23.49% as compared to USD1017.87 million (Rs. 8496.87 crores) for the same period of previous year. Major markets like the US, China, and Europe have seen reduced consumer spending on luxury goods due to inflation, recession fears or high interest rates that has led to a decline in demand for polished diamonds. Also, the global preference for lab grown diamonds has increased especially in the US market which has possibly led to the declined interest in real the overall gross imports of cut and polished diamonds at USD 71.82 million (Rs. 616.72 crores) in June is showing a decline of 7.03% as compared to USD 77.25 million (Rs.644.8 crores) for the same period of previous imports of rough diamonds at USD 3222.93 million (Rs 27567.68 crores) in June 2025 has shown a decline of 5.13% compared to USD 3397.08 million (Rs. 28330.10 crores) for previous year. This can be attributed to muted demand from major markets like the US and China. This has also led to traders clearing their existing inventories first due to the fear of uncertain market export of polished Lab Grown Diamonds for June 2025 was at USD 66.67 million (in Rs. 572.86 crores) showing a decline of 24.95% over the comparative figure of USD 88.83 million (Rs. 741.48 crores) for the previous year. Countries like China are increasing the lab-grown diamond production, resulting in a stringent price competition in international markets that has led to the decline in total gross export of gold jewellery stood at USD 630.33 million (Rs. 5415.71 crores) in June 2025, showing a growth of 5.75% as compared to USD 596.07 million (Rs. 4974.61 crores) for the same period of previous year. This could be a result of increased demand from major export destinations such as the Middle East, the US and Southeast Asia. This growth can also be attributed to the rising demand of the yellow metal leading to consistent price rise due to global economic uncertainties. This has prompted consumers to park their wealth in safe-haven assets like gold which is known to provide a hedge to the investments to safeguard against global economic export of platinum jewellery in June stood at USD 45.67 million (Rs. 390.75 crores) showing growth of 13.56% compared to USD 40.21 million (Rs. 335.4 crores) for previous year. Platinum is gaining popularity as a symbol of luxury and status, especially among affluent buyers in countries like the US, Japan and China where buyers are looking for precious metals that are exclusive and timeless. Platinum is also becoming a sought-after jewellery, especially amongst men across the younger of coloured gemstones for June 2025 at USD 96.7 million (in Rs. 826.44 crores) showing growth of 6.06% compared to USD 91.18 million (Rs. 760.74 crores) for previous year. This can be attributed to the trend of return of coloured gemstones that are increasingly seeing a comeback in bridal Jewellery and designer jewellery driven by both celebrities and fashion on the same, Mr. Colin Shah, MD, Kama Jewelry said, 'The consistent decline of exports rolling over is majorly due to the uncertainties that are still looming around the impending tariffs that Donald Trump has been announcing gradually. This has disrupted the global markets and has spread a wave of uncertainties whose chain-effects are clearly visible on the domestic market as well. Moreover, the prolonged geopolitical tensions in the Middle East and Russia-Ukraine continue to act as a deterrent to the demand, thereby adding further woes to the already ailing sector."He added "Going forward, we expect trade activities to be discreet till Trump tariffs are completely rolled out, as this will decide how the industry will navigate with the new tariff regime. Additionally, we will need to monitor the development regarding the India-US Bilateral Trade Talks closely as that would decide the further course of trade activities between both the countries. One the other hand, domestic demand for gold is now likely to gain momentum with the start of Indian festivities and wedding season.'
The Hindu
2 days ago
- The Hindu
GJEPC targets Saudi Arabia to grow gems and jewellery exports
As part of its ongoing efforts to diversify export markets and explore untapped opportunities, the Gem & Jewellery Export Promotion Council (GJEPC) has focused on Saudi Arabia — the Gulf's largest economy, with a GDP of $1.1 trillion. With its jewellery market projected to nearly double from $4.56 billion in 2024 to $8.34 billion by 2030, Saudi Arabia is fast emerging as a key destination for contemporary and luxury jewellery, the GJEPC said. A young, urban population and a dynamic retail environment are driving demand for 18K and 21K plain gold, diamond-studded jewellery, and premium design-led products, it added. Under this backdrop, GJEPC has announced to organise SAJEX 2025– The Saudi Arabia Jewellery Exposition from 11 to 13 September 2025 at Jeddah Superdome. It will be the first dedicated B2B gem & jewellery show in the Kingdom of Saudi Arabia. Two curtain raiser events have been held in Jeddah on 6 July and Riyadh on July 8, 2025 with the support of the Ministry of Commerce & Industry, Government of India, the Embassy of India in Riyadh; the Consulate General of India in Jeddah; and the Dubai Jewellery Group. 'SAJEX, positioned as 'The World Gem and Jewellery Fair,' marks the beginning of a long-term partnership between India and Saudi Arabia in the jewellery sector,' GJEPC said. India, as the global hub for jewellery manufacturing, will showcase its craftsmanship, design, and manufacturing expertise at this platform which will feature over 200 leading exhibitors across over 250 booths from India, Saudi Arabia, UAE, Turkey, Hong Kong, and Lebanon. The event will witness over 2,000 international buyers, and the product showcase will span diamond and coloured gemstone-studded jewellery, 18kt, 21kt, and 22kt plain gold jewellery, platinum jewellery, lab-grown diamond jewellery, gifting collections, along with latest jewellery technology. Suhel Ajaz Khan, Ambassador of India to the Kingdom of Saudi Arabia said, 'India and Saudi Arabia share a strategic and deep-rooted relationship, and SAJEX reflects this evolving bond. This initiative opens new avenues for bilateral partnerships, drives cultural exchange through craftsmanship, and contributes meaningfully to Saudi Arabia's Vision 2030 goals.' Fahad Ahmed Khan Suri, Consul General of India in Jeddah said, 'SAJEX 2025 is more than just an exhibition — it is a symbol of the growing partnership between India and Saudi Arabia.' Kirit Bhansali, Chairman, GJEPC, said, 'With India as a leading global supplier of gems and jewellery, exporting $32 billion annually, and Saudi Arabia's jewellery market projected to nearly double to $8.34 billion by 2030, this partnership is set to reshape the industry and set new benchmarks for collaboration, innovation, and growth across the region and beyond.'
