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Karma PMS

PMS Rating

IME PMS Rating

3 of 5 stars

Not a Recommended AMC: While Karma Capital has been in existence for a long-time and has a strong core investments team, the focus appears more to be on managing international investors' money, relative to the domestic PMS which has failed to scale. The main reason for the lack of recommendation for Karma Capital PMS is the lack of scale in their domestic portfolios.

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 (4687cr) | Promoter Category ()

PMS Background

Karma Capital PMS was founded in 2005 by Nikhil Desai & Rushabh Sheth (both highly seasoned investors).

PMS Investment Philosophy

Karma Capital PMS follows a ‘value-oriented’ investment philosophy. In order to follow their Investment Philosophy, Karma Capital looks for the following in businesses: 

  • Value based by focusing on Long term Value Creation 
  • Risk Adjusted Returns 
  • Think Independently/ Contrarian at times 

Investment Process 

Their Investment Approach looks into the following: 

  • Focus on intrinsic value 
  • Invest for the medium to long term 
  • Invest in high potential investments across market caps 
  • Conduct thorough due diligence of investments
  • Maintain an adherence to good governance standards 
  • Capitalize on the principals’ collective experience, relationships and transaction flow network

Methodology

Following are taken into consideration while investing- Macro Economy(Global, Local); Sectors; Sectors Bias; Stock selection; Valuations; Business; Management 

Follows Long Term value investing across market caps

Inv Team

Investment Team

Rushabh Sheth | 4-star rated FM

Co-founder & CIO | 31 yrs Experience | 19 yrs at current firm

Past Experience: Kotak MF (CIO-Equity), ASK (Head-Business Development)

Rushabh is a seasoned investments professional, with over 25 years of experience in the capital markets. He co-founded Karma Capital in 2005 along with Nikhil Desai.

NIkhil Desai | 4-star rated FM

Co-founder & CIO | 31 yrs Experience | 19 yrs at current firm

Past Experience: ABN Amro (Head-Equities), ASK (FM)

Nikhil has extensive experience in the capital markets, having worked as the Head of Equities at ABN Amro and as a fund manager with ASK, prior to co-founding Karma capital along with Rushabh Sheth in 2005

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.