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
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.
Investment Team
Aparna Shanker | 3-star rated FM
Fund Manager and Head Equity PMS | 21 yrs Experience | 18 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.
PMS & Listed Equity AIF Schemes
Free 30-Day Trial of the IME RMS
Details shared above, are only a short-snapshot of the more detailed analysis that resides in IME’s Proprietary RMS (Research Management Solution).
The IME RMS is the first tool ever, to give investors direct access to the insights of the central research team. Investors gain direct access to our ratings, rating rationales & analysis across thousands of funds (MFs, PMSs, AIFs, Global funds), asset classes, categories & more.
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.