PMS Review

Listen to this article Quick Summary ✅ What Works ❌ What Doesn’t Strong recent momentum (1M: +17.28%, 3M: +17.01%) Genuine multi-cap flexibility with meaningful small/mid allocation Concentrated conviction portfolio — clear mandate discipline Transparent fund manager with articulated philosophy ₹1,700+ Cr AUM signals institutional confidence 5-year return of 12.41% trails benchmark 13.88% — net-of-fee gap […]

Listen to this article Quick Summary What Works What Doesn’t Sharp recent outperformance — beating the benchmark by double digits over 1 year and 2 years CY2025 saw a -6.3% loss while the benchmark gained 7.6% — a swing investors lived through in real time Genuine thematic differentiation — manufacturing-focused, small-cap-heavy portfolio most mutual funds […]

Listen to this article Quick Summary What Works What Doesn’t Exceptional long-run track record — 19.36% annualised since inception, beating the benchmark by 3.70% per year Strong 3-year and 5-year alpha (+3.22% and +4.48% annualised) — among the best in the Multicap PMS category Outstanding calendar year performance: 37.3% in CY21, 38.5% in CY23, and […]

Listen to this article Quick Summary Box What Works What Doesn’t Genuine small-cap differentiation — 56% small-cap weight gives access mutual funds cannot always replicate efficiently Negative alpha over 1-year, 2-year, and 3-year trailing periods against the BSE 500 TRI A clear, well-articulated investment thesis (unorganized-to-organized consolidation) backed by real macro data Since-inception alpha is […]

Listen to this article Quick Summary Box What Works What Doesn’t Genuine 16-year track record (since Nov 2009) with positive alpha since inception Recent 1-year and 6-month returns trail the BSE 500 TRI Positive alpha over 3-year, 5-year, and rolling return windows Fixed fee of 2.5% (or 1.5% + profit share) is high relative to […]

Listen to this article Quick Summary What Works What Doesn’t Strong since-inception alpha (+4.89% annualised vs benchmark) — the long-run track record is genuinely good Recent 1-month and 3-month numbers show the portfolio cushioning losses better than the benchmark Experienced leadership team with multi-decade institutional pedigree Underperformed its benchmark on every trailing period from 1-year […]