Renaissance India PMS
PMSIME's View on Renaissance India PMS
AMC View
While Renniassance India PMS has a fund manager with a strong track record, it is still young and sub-scale, possibly due to a focus on AIF's. We prefer to wait for the PMS platform to mature before recommending investments.
AMC Pedigree
Renaissance India PMS, founded by a respected fund manager, is a young firm that has not fully scaled its PMS business, potentially due to a focus on the AIF platform. Founded by Pankaj Murarka, the firm launched its PMS in January 2018. It has since grown into a diversified platform with multiple strategies across market caps—Large Cap (ROP), Flexi Cap (RINP), and Mid Cap (RMP).
Team Pedigree
AMC is led by Pankaj Murarka, who brings over two decades of experience in Indian equity markets. Prior to founding Renaissance, he held CIO-level roles at Axis Mutual Fund and senior positions at UTI AMC, Rare Enterprises (Rakesh Jhunjhunwala), and Merrill Lynch. His track record in institutional asset management lends credibility and process maturity to the PMS offering.
Investment Philosophy
Renaissance adopts a blend of quality and growth investing across its strategies. It seeks businesses at different stages of their lifecycle, combining strong fundamentals with improving business momentum. Portfolio construction emphasizes concentration (20–25 stocks), risk-adjusted returns, and a balance between top-down macro insights and bottom-up stock selection.
PMS Background
Rennaissance India PMS was founded in 2017 by Pankaj Murarka, a seasoned fund manager and former CIO of Axis Mutual Fund. While the platform has matured in terms of operational history, its scale remains moderate, reflecting a sharper strategic focus on AIF offerings rather than aggressive PMS expansion.
PMS Investment Philosophy
Rennaissance India follows a quality-growth investing philosophy, focused on identifying businesses capable of delivering sustainable earnings growth over the medium to long term through disciplined bottom-up stock selection.
Core Investment Approach
- Sustainable & Quality Growth: Preference for businesses with durable growth drivers and strong competitive positioning
- Competitive Advantage: Focus on companies with sustainable moats that protect long-term profitability
- Reasonable Valuations: Emphasis on fair value, anchoring price to underlying economic value rather than momentum
- Bottom-Up Stock Picking: Company-specific research forms the core of portfolio construction
Valuation Discipline
- Invests with a fair-value mindset, balancing growth visibility with economic value creation
- Avoids overpaying for growth by anchoring expected returns to normalized earnings power
Suitable For
Investors seeking exposure to high-quality growth businesses with a disciplined valuation framework and a medium-to-long-term investment horizon.
Investment team
Pankaj Murarka | 4-star rated FM
Founder & CIO | 29 yrs Experience | 9 yrs at current firm
Past Experience: Head Equities (Axis AMC), India Portfolio Manager (Merril Lynch), Portfolio Manager (Rare Enterprises), Vice President (Motilal Oswal Financial Services Ltd), Portfolio Manager (UTI Mutual Fund)
Pankaj Murarka comes with 24 years of experience. He was associated with Axis Mutual Fund as CIO managing over $3bn in Indian Equities. He was recognized by Outlook Money as a Leading Fund Manager with 5 years of a track record of consistent performance in the year 2015.
Recommended Funds
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Renaissance Midcap
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