- Manager
- Sincere Syndication and Corporate Services
- Service
- Discretionary
- Asset class
- Equity
Metamorphosis Fund
+9.49%
1-year return
Benchmark S and P BSE 500 Total Return Index −2.33% · to 30 Sep 2026
Sincere Syndication and Corporate Services’ Metamorphosis Fund returned 9.49% over the year to 30 Sep 2026, against −2.33% for its benchmark, the S and P BSE 500 Total Return Index. It managed ₹351 crore across its clients.
Key numbers
- AUM
- ₹351 Cr
- Benchmark
- S and P BSE 500 Total Return Index
- Turnover, past year
- 1.00×
- Min. investment
- ₹50 lakh (SEBI)
- Reported to SEBI
- 30 Sep 2026
Returns vs benchmark
| Period | This strategy | S and P BSE 500 Total Return Index | Difference |
|---|---|---|---|
| 1 month | −3.32% | −5.57% | +2.25% |
| 3 months | +5.44% | −3.59% | +9.03% |
| 6 months | +27.41% | +8.07% | +19.34% |
| 1 year | +9.49% | −2.33% | +11.82% |
| 2 years | −2.15% | −3.93% | +1.78% |
| 3 years | +10.06% | +9.20% | +0.86% |
| Since inception | +11.37% | +11.94% | −0.57% |
Time-weighted returns (TWRR) as the managers report them to SEBI, after fees and expenses; periods over a year are annualised. Reported for 30 Sep 2026.
Portfolio mix
- Listed equity79.35%₹279 Cr
- Mutual funds16.21%₹56.96 Cr
- Cash and other4.39%₹15.42 Cr
- Debt0.05%₹0.16 Cr
Flows and turnover
- Inflow, Sep 2026
- ₹4.25 Cr
- Outflow, Sep 2026
- ₹3.26 Cr
- Net, Sep 2026
- ₹0.99 Cr
- Net, FY to date
- −₹4.44 Cr
- Turnover, month
- 0.04×
- Turnover, past year
- 1.00×
Money clients put in and took out. The financial year runs from 1 April.
FAQs
What has Metamorphosis Fund returned?
9.49% over the year to 30 Sep 2026, time-weighted as reported to SEBI. 1 month: −3.32%; 3 months: 5.44%; 6 months: 27.41%; 1 year: 9.49%; 2 years: −2.15%; 3 years: 10.06%; Since inception: 11.37%.
How has it done against its benchmark?
Its benchmark, the S and P BSE 500 Total Return Index, returned −2.33% over the year, so the strategy was 11.82 percentage points ahead.
How much does Metamorphosis Fund manage?
₹351 crore at 30 Sep 2026, as reported to SEBI.
What is the minimum investment in a PMS?
SEBI sets the minimum at ₹50 lakh per client, in cash or securities. A manager can ask for more.
Who manages Metamorphosis Fund?
Sincere Syndication and Corporate Services, a SEBI-registered portfolio manager (INP200007803), runs it as a discretionary service.
How are PMS returns reported?
Portfolio managers report each strategy’s time-weighted return (TWRR) to SEBI every month, after fees and expenses, beside the benchmark they chose. Periods over a year are annualised.
For information only. Not investment advice or a research report. Past performance does not guarantee future returns. PMS investments carry higher minimums and risks; read the disclosure document.
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