PMS Rating

IME PMS Rating

AMC does not meet our selection criteria at this time

Not a Recommended AMC: IDFC PMS has taken a unique approach to follow an AI-driven investment style. We like the fact that an AMC with established credentials in traditional fundamental research, has not gone the standard route of other AMC-promoted PMS's of launching PMS portfolios on the back of their in-house mutual fund strengths. While this is clearly an interesting & innovative approach, whether the AI-driven PMS of IDFC does manage to deliver outperformance in real-life markets is still unproven. It is yet too early to recommend investments in IDFC PMS.

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 (47cr) | Promoter Category ()

PMS Background

As part of one of the largest Mutual Fund Houses, IDFC PMS benefits from the substantial research, broker & corporate access and distribution strengths of the Mutual Fund.

PMS Investment Philosophy

IDFC PMS follows a unique AI & Machine Learning investment approach, that allows computers to build the investment portfolios as compared to human fund managers.

Inv Team

Investment Team

Chetan Mehra | 4-star rated FM

Fund Manager

Chetan Mehra is a data scientist with 2 decades of experience in quantitative analysis and in building trading models. He holds a Ph. D. in Computer Science, Multi-agent Systems in Computational Finance from the University of Southampton and an MBA in Finance from the University of Leeds. His Ph.D. focussed on a data science approach to capturing structure in data to build smart portfolios. Mehra has managed global futures, equity, and multi-asset portfolios as well as had trading experience across asset classes.

Vijay K | 4-star rated FM

Director & Head, Liquid Alternatives & PMS | 24 yrs Experience | 7 yrs at current firm

Mr. Vijay Krishna Kumar is an early pioneer and a specialist with a 12-year track record in India Long/Short investing and has a total global investment experience of almost two decades.Before joining IDFC AMC, Mr. Kumar was the Director of Mumbai-based Gulmohar Alpha Capital Advisors and Senior Portfolio Manager of Swiss based multi-manager SteppenWolf Capital LLC. During his time there, he won awards for ‚ÄòBest Emerging Markets Investor ‚ India’ and ‚ÄòBest India Long/Short’ by AI Hedge in 2016. Prior to this, he was the CIO and Portfolio Manager for The Chatterjee Group’s public equities division (TCG, a Soros spinoff). During his tenure, TCG IndiaStar was ranked number two by Eurekahedge in its peer group. Before that, he was the Co-CIO of the AGRA India Fund (PCE Investors, London), seeded by New Alpha Advisers, a consortium of blue-chip European insurance companies. Mr. Kumar holds a Masters in Corporate and International Finance from Durham University, UK.

PMS/AIF Schemes

PMS & Listed Equity AIF Schemes

Scheme Category Style 1 yr 3 yr 5 yr Since Inc
IDFC Neo Equity Large Cap Quant 35.6 15.8 15.5 10.2

Returns as of 28-Feb-24.

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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.