Data analysis shows equity mutual funds outperformed PMS over 10-year period

Data from ICRA and PMS Bazaar reveals that equity mutual funds delivered an average 10-year return of 14.5% CAGR, outperforming portfolio management services at 14.0% CAGR.

Mutual funds demonstrated tighter clustering with 98% of schemes yielding between 10% and 20% compound annual growth rates.

Portfolio management services exhibited a higher fat-tail dispersion, offering a four times higher probability of generating blowout returns exceeding 20% CAGR.