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Emkay PMS

PMS Rating

IME PMS Rating

3 of 5 stars

Can be considered for investment: With strong broking credentials, Emkay PMS follows a strong process-oriented approach to investment management. While we would have preferred to see a higher mid-cap focus (Emkay is known more for its mid-cap strengths as a brokerage), we do like the very clearly articulated and followed fundamental process frameworks that are used to build the portfolios.

The PMS/AIF AMC Rating is derived on the basis of our analysis on 5 key qualitative parameters that we use to analyse the quality of a PMS/AIF Provider. These include an assessment of the size of the AMC, the pedigree of the AMC, the pedigree of the team, the value of the investment philosophy & the level of differentiation. These insights of our central research team are documented in the IME RMS, and can be accessed during a consultation call with an IME PMS specialist.

PMS Background

Discretionary AUM (371cr) | Promoter Category ()

PMS Background

Emkay PMS is the PMS platform of the Emkay Group (A broking house with a 25 year track record). Emkay is known for its mid-cap strength as a brokerage. 

PMS Investment Philosophy

Emkay PMS builds investment portfolios based on 2 distinct approaches:

  • Classical Alpha: a pure bottom-up stock picking strategy that is backed by its E-qual risk framework (a quantative evaluation model of corporate governance) that helps prevent investments in lower-quality stocks
  • Smart Alpha: an investment approach that seeks to mitigate FM selection and allocation biases, by building an equal-weighted portfolio using a rigorous investment methodology based on management credentials, leadership, market cap, earnings growth and valuations

Strong research focused in stock selection

Inv Team

Investment Team

Sachin Shah | 4-star rated FM

Fund Manager | 27 yrs Experience | 13 yrs at current firm

Past Experience: JJ Bhabhera PMS (FM), Motilal PMS (VP), India Infoline (Analyst), KBS Capital (Analyst)

Sachin has over 2 decades of investment experience, having worked as a fund manager at JJ Bhabhera PMS & Motilal PMS, prior to which he worked as an analyst at IndiaInfoline & KBS Capital. Sachin joined Emkay PMS in Nov-11.

Kashyap Javeri | 3-star rated FM

Fund Manager | 21 yrs Experience | 4 yrs at current firm

Past Experience: Research Anayst(Emkay advisors)

Kashyap Javeri is a Fund Manager with more than a decade of experience in company and sector research. He brings exceptional insights into stocks and economy. Prior to joining Emkay Investment Managers, he was a rated BFSI analyst in Emkay Institutional Equities for eight years, and also worked with Sharekhan Ltd. as a midcap analyst. Kashyap brings with him immense in-depth knowledge not only in a variety of manufacturing and services sectors, but also in banking and economics.

Manish Sonthalia | 5-star rated FM

CEO | 27 yrs Experience | 1 yrs at current firm

Past Experience: SKP Securities (VP), Motilal Oswal

Manish Sonthalia is the new CEO of Emkay. Manish has spent most of his career at Motilal, having joined Motilal in 2004 from SKP Securities. He was the CIO-Equities at Motilal PMS and along with Ramdeo Agarwal has been instrumental in the growth and performance of the PMS strategies.

PMS/AIF Schemes

PMS & Listed Equity AIF Schemes

Scheme Category Style 1 yr 3 yr 5 yr Since Inc
Emkay 12 Large Cap GARP 27.8 11.3 14.5 14.7
Emkay Lead Large & Midcap GARP 25.7 7.6 10.3 11.2

Returns as of 30-Sep-24.

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