Itus PMS

PMS Rating

IME PMS Rating

AMC does not meet our selection criteria at this time

Not a recommended AMC: Itus PMS is still relatively new, and its founder is still in the process of developing his longer-term investment track record. Limited publicly available disclosures on portfolio composition & annual performance, make it difficult to understand strategy adherence and the levels of risk being taken.

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 (538cr) | Promoter Category ()

PMS Background

Itus PMS is a relatively young Chennai-based PMS house, that was founded in 2017 by Naveen Chandramohan (an investor with 10 years+ experience of managing innovative international equity strategies).

PMS Investment Philosophy

Itus PMS follows a focussed investment approach that has a mix of deep value, growth and special situations.

The focus is on investing in under-researched companies that may be undiscovered by larger institutional players. The strategy follows a top-down and a bottom-up approach.

Out of 5000 listed companies on the exchange Itus finds the opportunity in ther under-researched companies that might not be covered in most funds

Investment Approach 

  1. Macro Analysis– Using a Top-Down Analysis to create a list of preferred sector (if any) to overweight, guide sector specific weighting and gross exposures; and generate set of assumptions (if any) for bottom up analysis. 
  2. Thematic Analysis– Idenify themes at an early stage; anlyse of they are longer term and sustainable; perform independent research and working on if they are investable.
  3. Bottom-up Analysis– Perform research and fundamental analysis of the company and its growth cycle; invest with a margin of safety where upside on growth is not priced; look for company having an advantage in terms of brand, network effect, operate leverage or growth
  4. Portfolio Constructions & Risk– Work on Sector-level and company level exposure limits

Inv Team

Investment Team

Naveen Chandramohan | 3-star rated FM

CEO & Founder | 22 yrs Experience | 7 yrs at current firm

Past Experience: CEO & Co-Founder (Fintuple Technologies), Senior Portfolio Manager (Hutchin Hill Capital)

Naveen Chandramohan has mixed experience, that includes being the Co-founder of a fintech and Portfolio Manager at Hutchin Hill Capital HK Limited (managing capital of $150 mn in an EM Event driven fund).

PMS/AIF Schemes

PMS & Listed Equity AIF Schemes

No items found

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.