PMS Tracker: HEM Securities’ SME stars, others rally up to 7.5% in September despite Nifty’s 6% crash
BSE is in focus.
· Economic Times Markets, ET Stocks
Despite Nifty and Sensex tumbling over 6% in September, small-cap and SME-focused PMS strategies delivered robust positive returns. Hem Securities' India Rising SME Stars scheme led gains at 7.23%, according to PMS Bazaar data, while broad mid-cap and thematic strategies suffered losses of up to 10.16%.
The analysis
BSE reported movement of 6%, 7.5% and 7.23%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Why it matters
- With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- This is a market-wide development — its reach goes beyond any single stock.