Invesco PMS
PMSIME's View on Invesco PMS
AMC View
Invesco AMC has a strong research process and unique portfolios, but the core investment team is relatively new. The company faces typical challenges of large MF-driven PMS houses, such as PMS being an add-on rather than a separate business unit, team turnover, and a lack of commitment from the CIO. While Invesco has potential in the PMS market, it is too early to recommend significant investments in their strategies due to ongoing leadership changes.
AMC Pedigree
Invesco's India business, although part of a global investment giant, has not fully reached its potential yet. It benefits from the process orientation of being part of a larger global investment firm.
Team Pedigree
Amit Nigam and Taher are experienced professionals in the investment industry, with backgrounds in managing smaller AMCs and spearheading growth at Motilal MF. However, their recent recruitment at Invesco AMC has resulted in a lack of continuity in the investment team, impacting the team's pedigree rating.
Investment Philosophy
Investment philosophy is not clearly defined at the PMS level, but at the portfolio level, strategies are well-defined and strictly followed compared to other AMC peer PMSs.
PMS Background
Invesco PMS is part of Invesco AMC (a relatively small Indian MF, but part of one of the largest global investment groups). The AMC prides itself on its investment processes (driven by a strong in-house stock categorisation mechanism) and on staying true-to-mandate. Backed by global investment giant but suffers from typical AMC driven ailement The Investment team is highly respected & experienced investor however, the PMS house is an add-on to their larger AMC and sufferrs from this.PMS Investment Philosophy
Invesco PMS does not have a clearly defined investment philosophy at the PMS level, with investment philosophies being driven more at a strategy level (at which level the philosophies are quite tightly defined). However, they do have a strongly defined investment process (driven by their in-house categorisation of all companies in their universe as a star, leader, warrior, diamond, frog prince, shotgun and commodities).Strong In-house Categorisation of all companies in their Universe
Suitable For Investor's seeking to invest with an established investment manager, that has the flexibility to deliver returns across a wide range of market conditions.Investment team
Amit Nigam | 4-star rated FM
Fund Manager | 25 yrs Experience | 8 yrs at current firm
Past Experience: Essel AMC (Head-Equities), BNP Paribas (FM), SBI MF (Analyst)
Amit has close to 2 decades of investment experience, with fund management and research experience in Essel AMC, BNP Paribas and SBI Mutual Fund. He joined Invesco PMS in Apr-2018.
Taher Badshah | 4-star rated FM
CIO | 32 yrs Experience | 9 yrs at current firm
Past Experience: Motilal AMC (Head Equities), Kotak International (FM), ICICI Pru PMS (FM)
With over 25 years of investment management experience, Taher is the CIO of Invesco AMC (overseeing both the MF & PMS divisions). Taher was responsible for the stellar growth of Motilal AMC, where he was head of equities over Jun-2010 to Dec-2016. His prior fund management experience includes managing funds at Kotak International and ICICI Pru PMS.
Neelesh Dhamnaskar | 3-star rated FM
Principal Officer & Fund Manager | 21 yrs Experience | 16 yrs at current firm
Past Experience: Research Analyst( Enam Securities)
Neelesh has over 17 years’ experience in equity markets and financial services domain. Before joining the PMS division of Invesco, Neelesh was managing few equity funds, overseas fund of fund schemes of Invesco Mutual Fund as well as tracking few sectors as an analyst. He was previously working with Enam(now a part of Axis Bank) where he was tracking companies across sectors and assisting the PMS Fund Manager in his investment decisions. Prior to this, he was working with KRC, a domestic broking house in equity research and has also worked with Anand Rathi Securities Limited as a Commodities Research Analyst. Neelesh holds a Commerce degree and an MMS degree with specialization in Finance from Mumbai University
