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Enam PMS

IME Rating

IME PMS Rating

4 of 5 stars

Enam PMS is an established PMS firm founded by a respected investment team. They employ a concentrated GARP strategy that has been successful over time. Despite strong performance overall, recent years have shown slightly subdued results compared to their historical track record.

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.

 

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

Investment Team

Jiten Doshi | 5-star rated FM

CIO | 28 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 | 18 yrs Experience | 4 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.

PMS & Listed Equity AIF Schemes

Scheme Category 1 yr 3 yr 5 yr Since Inc
Enam India Vision Large & Midcap 1.4 15.5
Enam Diversified Equity Large & Midcap 2.2 12.8 21.4 15.7

Returns as of 30-Apr-25

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