Full yearFY 2025-26 · complete financial year · April–March
FY 2025-26 — Full-Year Indian PMS Performance
The full-year scorecard for FY 2025-26, compounding twelve months of SEBI TWRR (1M) across 1,140 strategies with a complete April–March series. The median strategy returned -1.4% with 41.5% of the field positive — a broadly difficult year where staying invested was not enough. Yield Maximiser Option led at +118.6%.
Read alongside our methodology, the live leaderboard, and PMS profiles.
Full-window strategies
1,140
Median return
-1.45%
Share positive
41.5%
Above +25%
15
How the year was built
Month-by-month cross-section for FY 2025-26. A single strong or weak month often explains where a strategy finished — the tape shows how the median and dispersion moved through the year.
| Month | n | Median 1M | P10 / P90 | % positive |
|---|---|---|---|---|
| Apr 2025 | 1,234 | +2.06% | -0.03% / +4.28% | 84.9% |
| May 2025 | 1,234 | +4.07% | +0.46% / +10.34% | 93.6% |
| Jun 2025 | 1,287 | +2.92% | +0.30% / +5.33% | 92.4% |
| Jul 2025 | 1,291 | -1.53% | -4.15% / +0.78% | 23.8% |
| Aug 2025 | 1,292 | -1.43% | -4.22% / +0.48% | 19.7% |
| Sep 2025 | 1,294 | +0.61% | -1.25% / +3.08% | 70.1% |
| Oct 2025 | 1,293 | +3.23% | +0.15% / +5.42% | 91.3% |
| Nov 2025 | 1,291 | +0.31% | -2.91% / +1.97% | 56.8% |
| Dec 2025 | 1,717 | -0.34% | -2.78% / +1.20% | 34.8% |
| Jan 2026 | 1,753 | -2.35% | -6.42% / +0.74% | 20.9% |
| Feb 2026 | 1,756 | +0.46% | -1.67% / +3.09% | 61.1% |
| Mar 2026 | 1,806 | -9.78% | -12.89% / 0.00% | 8.3% |
Absolute leaders
Highest compounded return among 1,140 strategies with a complete monthly series. Extreme single-month prints can dominate — read the month columns before treating rank as quality.
| # | Strategy / Manager | Return | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | +Mo |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | +118.61% | -7.2% | +46.7% | +8.5% | -7.9% | +6.0% | +0.9% | -0.1% | +19.1% | -0.1% | +0.2% | +0.1% | +26.2% | 8/12 | |
| 2 | +60.80% | 0.0% | 0.0% | 0.0% | 0.0% | +0.9% | 0.0% | 0.0% | 0.0% | 0.0% | +59.3% | 0.0% | 0.0% | 2/12 | |
| 3 | +49.48% | +3.2% | +5.6% | +2.9% | -3.9% | -2.6% | 0.0% | +4.2% | +7.3% | +22.5% | +26.9% | -7.0% | -11.8% | 7/12 | |
| 4 | +44.81% | +5.1% | +5.7% | +6.8% | +0.5% | +2.2% | +4.4% | +1.6% | +0.1% | -3.4% | +2.6% | +0.9% | +12.1% | 11/12 | |
| 5 | +44.50% | -0.2% | +0.6% | 0.0% | -4.3% | +1.2% | +13.7% | +4.1% | +5.4% | +22.1% | +22.9% | -7.7% | -13.9% | 7/12 | |
| 6 | +43.48% | +4.8% | -0.3% | +0.2% | +2.0% | +2.1% | +9.3% | +3.8% | +3.3% | +5.1% | +15.6% | +0.2% | -7.6% | 10/12 | |
| 7 | +39.56% | 0.0% | 0.0% | +41.7% | 0.0% | 0.0% | -0.5% | 0.0% | 0.0% | -0.5% | 0.0% | 0.0% | -0.5% | 1/12 | |
| 8 | +38.22% | +2.5% | +2.7% | +4.4% | +2.3% | +4.2% | +7.9% | +4.0% | +1.4% | +3.2% | +7.1% | -1.2% | -5.0% | 10/12 | |
| 9 | +36.93% | +8.7% | +0.8% | +2.3% | -1.9% | +0.8% | +5.3% | +2.8% | +2.8% | +0.8% | +6.9% | +5.3% | -1.9% | 10/12 | |
| 10 | +34.86% | +0.4% | +6.5% | +4.3% | +3.4% | +3.4% | +5.1% | +1.5% | +0.9% | +2.5% | +6.8% | +1.5% | -5.4% | 11/12 | |
| 11 | +34.70% | +2.2% | +1.7% | +0.7% | +0.2% | 0.0% | +1.4% | +1.7% | +1.1% | +23.2% | 0.0% | 0.0% | 0.0% | 8/12 | |
| 12 | +30.24% | +0.1% | +6.3% | +3.2% | +6.8% | +3.5% | +4.4% | +2.4% | -0.1% | +1.4% | +3.6% | -0.1% | -4.3% | 9/12 | |
| 13 | +27.55% | -1.2% | +16.1% | +5.3% | -2.4% | -0.9% | +2.5% | +8.1% | +2.3% | -3.2% | -1.2% | +12.8% | -10.6% | 6/12 | |
| 14 | +26.47% | +3.5% | +0.6% | -0.5% | +1.2% | +0.5% | +6.2% | +2.4% | +2.8% | +6.5% | +10.2% | -1.8% | -6.8% | 9/12 | |
| 15 | +25.19% | +14.0% | +9.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2/12 | |
| 16 | +24.65% | +3.3% | +1.7% | +1.8% | +0.6% | +1.5% | +6.0% | +3.5% | +2.5% | +2.7% | +6.9% | -0.1% | -7.3% | 10/12 | |
| 17 | +24.37% | 0.0% | 0.0% | +43.8% | -0.2% | +1.5% | -12.9% | -0.7% | 0.0% | 0.0% | -0.8% | +5.0% | -5.1% | 3/12 | |
| 18 | +23.68% | +7.5% | +3.2% | +6.2% | -0.3% | -1.1% | -0.2% | +2.1% | -1.9% | +1.7% | +0.3% | +7.6% | -2.7% | 7/12 | |
| 19 | +23.51% | +3.2% | +1.5% | +3.0% | +0.8% | +0.4% | +4.6% | +4.2% | +1.3% | +6.7% | +7.1% | -4.4% | -6.2% | 10/12 | |
| 20 | +23.32% | +3.3% | +3.5% | +2.1% | +4.6% | +2.1% | +3.9% | +2.1% | +0.4% | -0.8% | +0.3% | +3.5% | -3.6% | 10/12 | |
| 21 | +23.11% | +2.9% | +0.5% | -0.1% | +1.0% | +0.9% | +5.1% | +1.7% | +2.2% | +5.2% | +9.7% | -2.2% | -5.0% | 9/12 | |
| 22 | +23.09% | +11.7% | +6.9% | +7.4% | -2.4% | -5.2% | -2.2% | +3.4% | +3.4% | +3.7% | +7.7% | -2.0% | -9.4% | 7/12 | |
| 23 | +22.95% | +2.5% | +3.4% | +1.2% | +3.5% | +3.6% | +2.3% | +3.1% | +2.4% | -0.1% | +0.6% | +1.9% | -3.1% | 10/12 | |
| 24 | +22.31% | +11.9% | +7.0% | +7.1% | -2.5% | -5.2% | -2.4% | +3.5% | +3.6% | +3.6% | +8.0% | -2.3% | -9.7% | 7/12 | |
| 25 | +21.80% | +7.1% | +9.4% | +8.0% | -1.1% | -4.0% | -0.8% | +6.2% | +1.9% | +2.5% | +3.1% | +0.3% | -10.9% | 8/12 |
Quality board
Same compounding math, but we drop strategies whose best single month exceeded +35%. This surfaces strong multi-month runs without letting one outlier month set the table.
| # | Strategy / Manager | Return | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | +Mo |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | +49.48% | +3.2% | +5.6% | +2.9% | -3.9% | -2.6% | 0.0% | +4.2% | +7.3% | +22.5% | +26.9% | -7.0% | -11.8% | 7/12 | |
| 2 | +44.81% | +5.1% | +5.7% | +6.8% | +0.5% | +2.2% | +4.4% | +1.6% | +0.1% | -3.4% | +2.6% | +0.9% | +12.1% | 11/12 | |
| 3 | +44.50% | -0.2% | +0.6% | 0.0% | -4.3% | +1.2% | +13.7% | +4.1% | +5.4% | +22.1% | +22.9% | -7.7% | -13.9% | 7/12 | |
| 4 | +43.48% | +4.8% | -0.3% | +0.2% | +2.0% | +2.1% | +9.3% | +3.8% | +3.3% | +5.1% | +15.6% | +0.2% | -7.6% | 10/12 | |
| 5 | +38.22% | +2.5% | +2.7% | +4.4% | +2.3% | +4.2% | +7.9% | +4.0% | +1.4% | +3.2% | +7.1% | -1.2% | -5.0% | 10/12 | |
| 6 | +36.93% | +8.7% | +0.8% | +2.3% | -1.9% | +0.8% | +5.3% | +2.8% | +2.8% | +0.8% | +6.9% | +5.3% | -1.9% | 10/12 | |
| 7 | +34.86% | +0.4% | +6.5% | +4.3% | +3.4% | +3.4% | +5.1% | +1.5% | +0.9% | +2.5% | +6.8% | +1.5% | -5.4% | 11/12 | |
| 8 | +34.70% | +2.2% | +1.7% | +0.7% | +0.2% | 0.0% | +1.4% | +1.7% | +1.1% | +23.2% | 0.0% | 0.0% | 0.0% | 8/12 | |
| 9 | +30.24% | +0.1% | +6.3% | +3.2% | +6.8% | +3.5% | +4.4% | +2.4% | -0.1% | +1.4% | +3.6% | -0.1% | -4.3% | 9/12 | |
| 10 | +27.55% | -1.2% | +16.1% | +5.3% | -2.4% | -0.9% | +2.5% | +8.1% | +2.3% | -3.2% | -1.2% | +12.8% | -10.6% | 6/12 | |
| 11 | +26.47% | +3.5% | +0.6% | -0.5% | +1.2% | +0.5% | +6.2% | +2.4% | +2.8% | +6.5% | +10.2% | -1.8% | -6.8% | 9/12 | |
| 12 | +25.19% | +14.0% | +9.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2/12 | |
| 13 | +24.65% | +3.3% | +1.7% | +1.8% | +0.6% | +1.5% | +6.0% | +3.5% | +2.5% | +2.7% | +6.9% | -0.1% | -7.3% | 10/12 | |
| 14 | +23.68% | +7.5% | +3.2% | +6.2% | -0.3% | -1.1% | -0.2% | +2.1% | -1.9% | +1.7% | +0.3% | +7.6% | -2.7% | 7/12 | |
| 15 | +23.51% | +3.2% | +1.5% | +3.0% | +0.8% | +0.4% | +4.6% | +4.2% | +1.3% | +6.7% | +7.1% | -4.4% | -6.2% | 10/12 | |
| 16 | +23.32% | +3.3% | +3.5% | +2.1% | +4.6% | +2.1% | +3.9% | +2.1% | +0.4% | -0.8% | +0.3% | +3.5% | -3.6% | 10/12 | |
| 17 | +23.11% | +2.9% | +0.5% | -0.1% | +1.0% | +0.9% | +5.1% | +1.7% | +2.2% | +5.2% | +9.7% | -2.2% | -5.0% | 9/12 | |
| 18 | +23.09% | +11.7% | +6.9% | +7.4% | -2.4% | -5.2% | -2.2% | +3.4% | +3.4% | +3.7% | +7.7% | -2.0% | -9.4% | 7/12 | |
| 19 | +22.95% | +2.5% | +3.4% | +1.2% | +3.5% | +3.6% | +2.3% | +3.1% | +2.4% | -0.1% | +0.6% | +1.9% | -3.1% | 10/12 | |
| 20 | +22.31% | +11.9% | +7.0% | +7.1% | -2.5% | -5.2% | -2.4% | +3.5% | +3.6% | +3.6% | +8.0% | -2.3% | -9.7% | 7/12 |
Consistency board
Positive in every month of the window, ranked by return. Useful when avoiding down months matters — still not a substitute for multi-year rolling returns or drawdown rankings.
| # | Strategy / Manager | Return | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | +Mo |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | +15.95% | +1.3% | +0.7% | +1.2% | +1.2% | +1.2% | +1.5% | +1.3% | +1.2% | +1.3% | +1.3% | +1.2% | +1.6% | 12/12 | |
| 2 | +15.75% | +1.9% | +1.4% | +1.2% | +1.3% | +1.1% | +1.2% | +1.2% | +1.1% | +1.1% | +0.8% | +1.3% | +1.1% | 12/12 | |
| 3 | +12.67% | +1.2% | +1.3% | +0.7% | +1.6% | +0.7% | +0.6% | +1.8% | +2.1% | +0.5% | +0.4% | +0.8% | +0.5% | 12/12 | |
| 4 | +12.21% | +1.6% | +1.2% | +2.1% | +0.6% | +0.6% | +1.1% | +0.9% | +1.0% | +0.7% | +1.5% | +0.3% | 0.0% | 12/12 | |
| 5 | +12.19% | +1.3% | +1.3% | +0.9% | +1.0% | +1.3% | +1.0% | +1.1% | +1.2% | +0.7% | +0.5% | +1.1% | +0.3% | 12/12 | |
| 6 | +11.49% | +1.1% | +1.0% | +0.9% | +1.0% | +0.9% | +0.8% | +1.0% | +0.9% | +0.8% | +0.8% | +0.9% | +0.9% | 12/12 | |
| 7 | +11.43% | +1.4% | +1.0% | +1.1% | +1.0% | +0.9% | +0.7% | +1.0% | +0.9% | +0.6% | +0.7% | +0.7% | +0.9% | 12/12 | |
| 8 | +11.28% | +1.0% | +0.7% | +0.1% | +0.8% | +0.6% | +2.4% | +0.7% | +1.3% | +0.8% | +0.6% | +1.0% | +0.7% | 12/12 | |
| 9 | +11.12% | +1.2% | +1.2% | +0.9% | +1.0% | +0.5% | +1.3% | +1.2% | +0.9% | +0.8% | 0.0% | +0.8% | +0.9% | 12/12 | |
| 10 | +10.86% | +1.3% | +1.0% | +1.0% | +0.8% | +0.2% | +1.3% | +1.0% | +0.9% | +0.9% | +0.4% | +0.9% | +0.8% | 12/12 | |
| 11 | +10.46% | +1.0% | +1.1% | +0.8% | +0.8% | +0.8% | +0.8% | +0.9% | +1.0% | +0.8% | +0.6% | +0.8% | +0.8% | 12/12 | |
| 12 | +10.29% | +1.4% | +1.2% | +0.9% | +1.1% | +0.6% | +0.7% | +0.9% | +0.9% | +0.6% | +0.5% | +0.8% | +0.2% | 12/12 | |
| 13 | +10.00% | +1.3% | +0.9% | +0.9% | +0.8% | +0.5% | +1.0% | +0.8% | +0.9% | +0.8% | +0.5% | +0.9% | +0.2% | 12/12 | |
| 14 | +9.29% | +0.8% | +0.8% | +0.2% | +0.8% | +0.8% | +0.8% | +1.1% | +1.4% | +0.6% | +0.8% | +0.5% | +0.3% | 12/12 | |
| 15 | +9.08% | +4.7% | +0.5% | +0.4% | +0.4% | +0.4% | +0.4% | +0.4% | +0.2% | +0.4% | +0.4% | +0.3% | +0.4% | 12/12 | |
| 16 | +8.83% | +1.1% | +0.6% | +0.8% | +0.6% | +0.5% | +1.0% | +0.6% | +0.8% | +0.7% | +0.5% | +0.8% | +0.5% | 12/12 | |
| 17 | +8.58% | +1.0% | +1.0% | +0.4% | +0.9% | +0.6% | +0.6% | +0.7% | +0.9% | +0.5% | +0.6% | +0.9% | +0.3% | 12/12 | |
| 18 | +8.43% | +1.4% | +0.9% | +0.3% | +0.8% | +0.5% | +0.6% | +1.0% | +0.7% | +0.3% | +0.9% | +0.7% | +0.1% | 12/12 | |
| 19 | +8.10% | +1.2% | +0.8% | +0.7% | +0.1% | +0.5% | +0.9% | +0.6% | +0.7% | +0.8% | +0.4% | +0.8% | +0.3% | 12/12 | |
| 20 | +7.77% | +1.1% | +0.9% | +0.7% | +0.8% | +0.3% | +0.7% | +0.8% | +0.6% | +0.5% | +0.3% | +0.9% | +0.1% | 12/12 |
Resilient compounders
At or above the universe median (-1.45%) with a controlled worst month. A middle path between raw speed and all-green consistency.
| # | Strategy / Manager | Return | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | +Mo |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | +118.61% | -7.2% | +46.7% | +8.5% | -7.9% | +6.0% | +0.9% | -0.1% | +19.1% | -0.1% | +0.2% | +0.1% | +26.2% | 8/12 | |
| 2 | +60.80% | 0.0% | 0.0% | 0.0% | 0.0% | +0.9% | 0.0% | 0.0% | 0.0% | 0.0% | +59.3% | 0.0% | 0.0% | 2/12 | |
| 3 | +49.48% | +3.2% | +5.6% | +2.9% | -3.9% | -2.6% | 0.0% | +4.2% | +7.3% | +22.5% | +26.9% | -7.0% | -11.8% | 7/12 | |
| 4 | +44.81% | +5.1% | +5.7% | +6.8% | +0.5% | +2.2% | +4.4% | +1.6% | +0.1% | -3.4% | +2.6% | +0.9% | +12.1% | 11/12 | |
| 5 | +43.48% | +4.8% | -0.3% | +0.2% | +2.0% | +2.1% | +9.3% | +3.8% | +3.3% | +5.1% | +15.6% | +0.2% | -7.6% | 10/12 | |
| 6 | +39.56% | 0.0% | 0.0% | +41.7% | 0.0% | 0.0% | -0.5% | 0.0% | 0.0% | -0.5% | 0.0% | 0.0% | -0.5% | 1/12 | |
| 7 | +38.22% | +2.5% | +2.7% | +4.4% | +2.3% | +4.2% | +7.9% | +4.0% | +1.4% | +3.2% | +7.1% | -1.2% | -5.0% | 10/12 | |
| 8 | +36.93% | +8.7% | +0.8% | +2.3% | -1.9% | +0.8% | +5.3% | +2.8% | +2.8% | +0.8% | +6.9% | +5.3% | -1.9% | 10/12 | |
| 9 | +34.86% | +0.4% | +6.5% | +4.3% | +3.4% | +3.4% | +5.1% | +1.5% | +0.9% | +2.5% | +6.8% | +1.5% | -5.4% | 11/12 | |
| 10 | +34.70% | +2.2% | +1.7% | +0.7% | +0.2% | 0.0% | +1.4% | +1.7% | +1.1% | +23.2% | 0.0% | 0.0% | 0.0% | 8/12 | |
| 11 | +30.24% | +0.1% | +6.3% | +3.2% | +6.8% | +3.5% | +4.4% | +2.4% | -0.1% | +1.4% | +3.6% | -0.1% | -4.3% | 9/12 | |
| 12 | +27.55% | -1.2% | +16.1% | +5.3% | -2.4% | -0.9% | +2.5% | +8.1% | +2.3% | -3.2% | -1.2% | +12.8% | -10.6% | 6/12 | |
| 13 | +26.47% | +3.5% | +0.6% | -0.5% | +1.2% | +0.5% | +6.2% | +2.4% | +2.8% | +6.5% | +10.2% | -1.8% | -6.8% | 9/12 | |
| 14 | +25.19% | +14.0% | +9.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2/12 | |
| 15 | +24.65% | +3.3% | +1.7% | +1.8% | +0.6% | +1.5% | +6.0% | +3.5% | +2.5% | +2.7% | +6.9% | -0.1% | -7.3% | 10/12 |
How to read this (and what to open next)
- Pair any leader with longer CAGR rankings and the risk-adjusted leaderboard.
- Understand the metric definitions in calendar returns and how to compare schemes.
- Browse the full strategy table or company directory — linked names above resolve to live profiles when the backend feed matches.
- Compare periods: browse every window from the reports hub.
Methodology
- Source: SEBI monthly PMS disclosures ingested into KnowYourPMS; 1M TWRR cells for 2025-04…2026-03.
- Metric: Compounded monthly SEBI TWRR (1M) over the window.
- Inclusion: Strategy must have a reported 1M return for all 12 months in the window.
- Exclusions: Benchmark / index / CRISIL / T-bill and placeholder rows removed from rankings; no zeros invented for unfiled months.
- As-of: Aug 2026. Universe median -1.45%; mean -1.18%; P90 +10.28%.
Full pipeline notes live on /methodology. We do not invent zeros for managers who did not file a given month.
FAQ
- What does the FY 2025-26 report measure?
- Compounded return over the twelve months April 2025 through March, using SEBI monthly 1M TWRR. Only strategies reporting all twelve months are ranked.
- Why are some full-year returns negative?
- FY 2025-26 had a median of -1.4%. Full financial years capture drawdowns as well as rallies, so a real spread of outcomes — including losses — is expected and useful.
- Does the top rank mean it is the best PMS?
- Not on its own. Full-year winners can be high-beta strategies that also fall hardest in bad years. Compare across the 3-year and all-time boards and check drawdowns before drawing conclusions.
- Is this investment advice?
- No. KnowYourPMS publishes independent, SEBI-sourced research with no recommendations or commissions.
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