PMS Tracker: March meltdown ensured 97% of strategies sank up to 22%; Money Grow, ASK Investment bled the most

The broad market experienced a significant correction in March, impacting actively managed portfolios. This period saw a flight to safety, with debt and large-cap oriented strategies performing relatively better.

Maintain a cautious stance on small and midcap segments; consider defensive plays or large-cap quality stocks for stability.

For Indian markets, this story mainly matters for the Financial Services, Asset Management pocket. The current signal is bearish, so traders should watch whether the effect spreads across the sector or stays limited to a single name.

Watch whether the market validates this read through price action, volume, and breadth. If the headline matters, the signal should show up in execution, not just in commentary.

• •97% of Indian PMS strategies delivered negative returns in March.
• •The losses were attributed to a 'war-led market selloff'.
• •Small and midcap strategies were the hardest hit.
• •Only a few debt-oriented and select equity strategies managed marginal gains.
• •Money Grow and ASK Investment bled the most.