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Nearly 70% of PMS schemes outperformed Nifty in 12 months

Nearly 180 schemes of the 254 PMS schemes have given an average of 26.6 percent returns as against a 19 percent rise in Nifty in the last 1 year.

Small and midcap heavy funds managed by Portfolio Management Services, have outperformed their peers in March who mainly invested in largecap stocks.