India’s Portfolio Managers Ride Modi Wave To Beat Benchmarks In May

India’s top portfolio managers returned gains in May despite increased volatility stemming from elections.The 50 largest portfolio management firms—that manage Rs 1.17 lakh crore worth of investor money—returned an average gain of 2.3 percent last month, according to data compiled by BloombergQuint from disclosures made to the market regulator. That compares with a 1.75 percent and 1.5 percent rise in the Sensex and Nifty 50 Index, r...