Low-Drawdown PMS Schemes

Maximum drawdown is the worst peak-to-trough loss a scheme has ever had. If you cannot stomach a 30% drawdown, it doesn't matter how good the long-term return is - you'll panic out at the bottom and lock in the loss.

This list ranks PMS schemes by the smallest max drawdown (closest to zero). Debt and multi-asset schemes dominate here, but some disciplined equity managers also make the list.

Understand the trade-off: low-drawdown schemes typically have lower upside too. If you have decades until retirement, a scheme with 40% drawdown and 20% annual return will beat one with 10% drawdown and 12% return. Drawdown tolerance is personal.