In July, only a small group of 8 PMS schemes reported negative returns, notably including Capitalmind’s Adaptive Momentum fund led by Deepak Shenoy. On the brighter side, star fund manager Shyam Shekhar’s ithought smallcap fund Vrddhi saw impressive gains of over 10%, while his multicap fund Solitaire also performed well with a 6.7% increase.
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