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SBI Funds PMS

PMS Rating

IME PMS Rating

AMC does not meet our selection criteria at this time

Not a recommended AMC: We are not fans of AMC-promoted PMS's, primarily due to it often being a side-business of the larger MF and without any certainty of the longer-term stability of the investment team. While the research & distribution strengths of the mutual fund can help the PMS scale, this does not make it valuable for investors seeking alternative investment classes. Additionally, SBI PMS is still at a more nascent stage of evolution than other AMC-promoted PMS providers. We do not recommend SBI PMS at this time.

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 (21528cr) | Promoter Category ()

PMS Background

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

PMS Investment Philosophy

Framework

  • Business: Focus on businesses that have an economic moat, size of opportunity, return on capital, pricing power, capital intensity, risk of disruption. 
  • Management: Seek for companies that have integrity while managing, having a good track record, skin in the games and are transparent and accountable. 
  • Valuation: Valuing companies using Discounted Cash Flow, looking for firms that have relative valuations, excluding- ‘bigger fool’, market timing, technical analysis.

Investment Framework

SBI PMS follows an Absolute Return Framework and Relative Return Framework 

Absolute Return Framework- Follow the BMV framework.

Relative Return Framework- This framework takes into consideration incremental fundamental change, Rising market expectations momentum and relative valuations. 

 

 

Inv Team

Investment Team

Aparna Shanker | 3-star rated FM

Fund Manager and Head Equity PMS | 20 yrs Experience | 17 yrs at current firm

Past Experience: Fund Manager (SBI PMS), Research Analyst (SBI PMS), Research Manager (Sahara Mutual Fund), Deputy General Manager (Birla Global Finance)

Aparna Shanker has been part of the mutual fund industry for 3 decades, worked with two premier institutions, UTI and currently SBI MF. She joined SBI in 2007 as a research analyst and was subsequently promoted as a Portfolio Manager. Her prior experience included her role as a research analyst at Sahara Asset Management and Birla Global Finance for four years.

Gaurav Mehta | 2-star rated FM

CIO- Alternatives | 16 yrs Experience | 3 yrs at current firm

Past Experience: Analyst & Fund manager(SBI mutal fund)

Gaurav Mehta joined SBI Funds Management (SBIFM) in November 2018 as an Equity Analyst in SBI Mutual Fund and subsequently moved to having fund management responsibilities as well. With effect from October 2021, Gaurav is now CIO – Alternatives where he is responsible for managing equity portion of the Portfolio Management Services & Alternative Investment Funds business. Gaurav has over 15 years’ experience in Indian Financial Markets having worked with Ambit Investment Advisors, Ambit Capital, and Edelweiss Capital. Gaurav has completed B.Tech (Chemical Engineering) from IIT, Bombay and holds a post graduate diploma in Management from IIM, Lucknow. Gaurav is also a Charter holder of the CFA Institute, USA

PMS/AIF Schemes

PMS & Listed Equity AIF Schemes

Scheme Category Style 1 yr 3 yr 5 yr Since Inc
SBI Funds ESG Thematic Thematic 28 20.3 22.1 16.3

Returns as of 31-May-24.

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