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Nippon India PMS

PMS Rating

IME PMS Rating

3 of 5 stars

Not a top recommendation due to being an MF-driven PMS: Nippon India AMC PMS suffers from the common ailments of large MF-driven PMS houses (PMS as an add-on instead of a clearly segregated business unit, churn in the investment team, a lack of skin in the game for the CIO and typically loosely defined investment philosophies). While the distribution strengths of the AMC can help the PMS scale and there are benefits of research access, most MF driven PMS's cannot compare to strong CIO-cum-founder driven PMS houses.

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 (541cr) | Promoter Category ()

PMS Background

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

PMS Investment Philosophy

Nippon India PMS aims to create wealth by creating benchmark agnostic concentrated portfolios of quality stocks, based on fundamental research-driven bottom-up stock picking. Nippon India PMS follows a ‘Must 5’ Framework:

  • Business Potential: Looking for businesses with growth opportunity & sustainable competitive advantage.
  • Corporate Governance: Businesses having a fair treatment for minority shareholder, promoter track record, accounting red flags.
  • Promoter ownership: having equity dilution, share pledge
  • Capital allocation: unrelated diversification, leverage
  • Earnings track record: consistent performance across business cycles on revenue, EBITDA, PAT growth and profitability ratios.

Uses a Bottom-up Approach for stock picking to create a benchmark agnostic concentrated portfolio with the aim to create wealth

Inv Team

Investment Team

Rahul Veera | 3-star rated FM

FM | 14 yrs Experience | 1 yrs at current firm

Past Experience: Abakkus (FM), Elara Capital (AVP), Edelweiss (Sr Research Associate)

Rahul Veera currently serves as the Fund Manager (Equity) at Nippon India AIF, boasting over 14 years of extensive experience encompassing Equity Research and Fund Management. He has previously worked with renowned organizations including Abakkus Asset Managers, Morgan Stanley, Edelweiss, and Elara Capital. He holds a Bachelor of Commerce degree from H.R College (Mumbai University), an MBA from Swansea University (UK), and an Executive Finance certification from the Indian Institute of Management (Calcutta).

PMS/AIF Schemes

PMS & Listed Equity AIF Schemes

Returns as of 30-Sep-24.

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