Agreya PMS
Our view on their team, the pedigree, the funds & investment philosophy followed.
IME's Review of Agreya PMS
| AMC Rating | Pedigree Rating | Team Rating | Philosophy Rating |
|---|---|---|---|
Upgrade | Upgrade | Upgrade | Upgrade |
AMC View
Agreya Capital, founded by a team with deep experience in debt investing, has made meaningful progress in developing its equity strategies. While its approach blends fundamental and quant elements, execution has become more coherent over time. With improving clarity in philosophy and performance, Agreya can now be considered for investment
AMC Pedigree
Agreya Capital is still developing its AMC reputation and the credentials of its investments team in equity investing are uncertain. There is a need for clearer communication of their investment philosophies and core focus in portfolio construction.
Team Pedigree
The team consists of experienced financial professionals with expertise in debt markets, but limited experience in equity investing. We will monitor their track record in equity investing over time to potentially improve their rating.
Investment Philosophy
The investment strategies have defined mandates but lack a publicly available philosophy. There is a divergence between strategies, with some focused on stock-picking for returns and others on quantitative derivatives for shorter-term calls.
AMC Background
Agreya Capital is a PMS provider headquartered in Bengaluru, formed in December 2017 with designated partners including Arjun Narsipur, Shailendra Agarwal, Mahadanapuram Krishnan, Vivek Vasudevan, and Pankaj Agarwal. Agreya’s name, derived from Sanskrit meaning “foremost”. Agreya has grown its AUM to over ₹1,000+ crore across multiple investment approaches and client mandates spanning equity, multi-asset, and enhanced return strategies.
Investment Philosophy
The firm articulates a philosophy that integrates structural fundamental analysis with behavioural and quantitative risk controls, aiming to generate sustainable wealth over full market cycles rather than short-duration outperformance. Fundamental to this philosophy is the belief that investment success is driven by robust process adherence, capital preservation, and the ability to adapt to evolving market regimes while remaining anchored to core valuation and risk criteria. The firm combines in-house equity research with systematic filters that prioritise companies exhibiting strong earnings growth potential, resilient balance sheets, and attractive valuation support, while engaging momentum and trend signals where appropriate to enhance return profiles without compromising risk discipline.
Investment team
Shailendra Agarwal | 4-star rated FM
Co-CIO and Fund Manager | 25 yrs Experience | 8 yrs at current firm
Past Experience: Director (DB), Manager (ICICI Bank)
Shailendra has 20 years of experience in debt capital markets and structured finance, having worked with Deutsche Bank for over 10 years, prior to which he was with ICICI Bank in their securitisation & structured finance business. Shailendra is a PGDBM from IIM Lucknow.
Arjun Narsipur | 2-star rated FM
Co-CIO and Fund Manager | 19 yrs Experience | 8 yrs at current firm
Past Experience: Managing Partner-Middleway Capital, Manager HSBc
Arjun is a seasoned finance and markets professional with over 14 years of experience across equity, FX, global markets and treasury risk management. His area of focus is converting investment philosophies into testable, repetable processes and algorithms. The low FM rating is driven by the lack of prior expereince specific to equity investing.
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