PMS Rating
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 (30480cr) | Promoter Category ()
AMC Background
Enam Asset Management Company Private Limited (Enam AMC) is a highly respected financial firm in India. The firm was founded in 1984 starting with providing specialised best-in-class research. Over time, the Enam Group built other business units such as investment banking, Retail and the AMC. The AMC was formed in 1997. With more than 25 years of experience in India’s capital market, Enam AMC has established a strong presence and is one of the few with more than 20year track record.
Investment Philosophy
Enam’s investment philosophy is a long-term focussed strategy that seeks to invest in high-quality businesses at attractive valuations by focussing on 5 key pillars
- Business Opportunity: by assessing the size and attractiveness of the opportunity and estimating the quality and sustainability of growth
- Longevity: evaluated by determining the competitive advantages over the long term to understand the opportunity’s predictability, adaptability and resilience.
- Management Quality: by determining the integrity and intellect of the leadership and assessing the balance between ambition and pragmatism
- Value Accretion: Evaluated by EVA-positivity, duration and magnitude and the extent of free cash flow by assessing return on incremental capital
- Culture of Discipline: by turning volatility into an opportunity
Inv Team
Investment Team
Jiten Doshi | 5-star rated FM
CIO | 27 yrs at current firm
Jiten Doshi is one of the Co-founders of Enam Group and is currently working as the CIO at Enam AMC. He has experience of over 30 years. He is a trusted advisor to various management bodies on transparency, corporate governance, disclosure, and shareholder value creation.
Brijesh Ved | 4-star rated FM
Sr Portfolio Manager | 17 yrs Experience | 3 yrs at current firm
Past Experience: BNP Paribas Asset Management
Brijesh Ved, with 19 years of industry experience, is currently at Enam AMC. Previously, he was Head of Equities at BNP Paribas Asset Management (2015-2021), managing international and domestic portfolios. He also served at Enam AMC as Senior Research Analyst and Portfolio Manager (2004-2015). Brijesh holds an MBA from Monash Mt. Eliza Business School, Australia, and a Bachelor of Commerce from the University of Mumbai.
Pradeep Kumar | 4-star rated FM
Sr Portfolio Manager | 24 yrs Experience | 10 yrs at current firm
Past Experience: Kotak, Religare, ABN AMRO, and DBS Chola Asset Management
Pradeep Kumar brings over 25 years of experience in research and fund management. He has successfully managed funds at Kotak, Religare, ABN AMRO, and DBS Chola Asset Management. Pradeep holds a Master’s degree in Finance from Sydenham Institute of Management Studies, Mumbai, and is a CFA (US) Charter holder.
Sanjeev Patkar | 4-star rated FM
Portfolio Manager & Head of Research | 32 yrs Experience | 2 yrs at current firm
Past Experience: SBI Funds Management, CRISIL, Jardine Fleming, GE Capital AMC, Welspun India, Dolat Capital, and Almondz Global Securities
Sanjeev Patkar has over 28 years of experience in research and portfolio management with organizations like CRISIL, Jardine Fleming, GE Capital AMC, Welspun India, Dolat Capital, and Almondz Global Securities. Prior to joining Enam AMC, he was a Fund Manager at SBI Funds Management Ltd. Sanjeev has extensive expertise in capital markets, corporate strategy, and business development, and holds an MMS degree from Jamnalal Bajaj Institute of Management Studies, University of Mumbai.
Raghavendra Reddy | 3-star rated FM
Portfolio Manager | 16 yrs Experience
Past Experience: Ambit Capital, Kotak Securities, HSBC Bank, ICICI Bank, and K.R. Choksey Securities
Raghavendra Reddy has over 19 years of experience in equity markets, specializing in research, portfolio management, and equity advisory. He has worked with Ambit Capital, Kotak Securities, HSBC Bank, ICICI Bank, and K.R. Choksey Securities. Raghavendra holds a postgraduate degree in management from MDI and is a Certified FRM (GARP).
PMS/AIF Schemes
PMS & Listed Equity AIF Schemes
| Scheme | Category | Style | 1 yr | 3 yr | 5 yr | Since Inc |
|---|---|---|---|---|---|---|
| Enam India Vision | Large & Midcap | GARP | 29.9 | 28.9 | ||
| Enam Diversified Equity | Large & Midcap | GARP | 28.9 | 15.6 | 21.6 | 17.6 |
Returns as of 30-Sep-24.
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Details shared above, are only a short-snapshot of the more detailed analysis that resides in IME’s Proprietary RMS (Research Management Solution).
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Note: PMS AMC & Scheme Reviews and Ratings are based on IME Capital’s Proprietary Review and Rating Methodology (read more here: AMC Rating & Scheme Ratings). These reflect the unbiased views of our central research team, based on our assessment of the investment value of these PMS/AIF strategies for our investors. We follow a highly stringent rating-criteria, where approximately 50% of PMS AMC’s & strategies would be rated 2-star or below (this is not meant to indicate that these funds are not investment-worthy, but that they do not currently fulfill the requirements we focus on for recommending funds to our investors — based on our internal views on the merit of the AMC/strategy relative to peers). Reviews & Ratings are primarily based on research of publicly available information (SEBI disclosures, PMS websites, PMS-aggregation platforms, webinar recording, media interviews etc.) and no explicit consent is required from AMCs for the same. While we endeavour to do further due-diligence via direct interactions with the investment teams of AMCs, this is typically restricted to AMC’s that meet our foundational fund selection criteria (reviews on lower-rated AMCs are often based solely on publicly available information). The views reflected in our Reviews & Ratings, are our independent views and may not be shared by the AMC’s and the investment teams. Please read detailed disclaimer for more.