Spark Asia PMS
PMSIME's View on Spark Asia PMS
AMC View
Spark Capital AMC has potential to become a credible player in the future due to its strong niche institutional equities business and highly seasoned CIO. However, investors should wait for a more established track record and clearer investment philosophy. Spark Asia PMS, a part of Spark Capital, faces the risk of senior leadership turnover due to a lack of controlling ownership for CIO/FM.
AMC Pedigree
Spark Capital is a respected financial services group known for its niche presence in investment banking and institutional equities. Their PMS business is still in its early stages and has yet to establish credibility.
Team Pedigree
P Krishnan, CIO of Spark PMS, has over 30 years of investment experience with a long-term track record at DNB Asset Management for 19 years. His equity ownership at Spark Capital is unknown, raising questions about his long-term commitment to the business.
Investment Philosophy
Spark PMS follows a GARP investment philosophy with 6 core pillars: fair asset pricing, shorter business cycles, prioritizing alpha over beta, risk management, management hygiene factors, and maintaining flexibility.
PMS Background
Spark PMS is the portfolio management arm of Spark Capital, a niche mid-market investment bank and institutional brokerage with strong credentials in Indian equities. The PMS platform is relatively young, having received its license in November 2018, and remains sub-scale compared to more established discretionary PMS providers.
PMS Investment Philosophy
Spark PMS follows a GARP (Growth at Reasonable Price) investment philosophy, combining fundamental growth assessment with valuation discipline. The approach is built around six core pillars: fair asset pricing, focus on businesses with shorter and more visible business cycles, prioritisation of alpha over market beta, structured risk management, emphasis on management quality and governance hygiene, and flexibility to adapt positioning as business and market conditions evolve.
Suitable For
Not a recommended PMS provider.
Investment team
P. Krishnan | 4-star rated FM
CIO
Past Experience: Manager (Carlson Funds and DNB Asset Management, Norway) ,Fund Manager (Kothari Pioneer Bluechip Fund aka Franklin Indian Bluechip Fund), Manager (SBI Mutual Fund)
Krishnan has about 3 decades of experience in asset management and equities. He has experience in regional emerging markets such as China, Taiwan, Korea and the ASEAN region. He was the manager of India's first bank-sponsored mutual fund scheme (SBI Mutual Fund) between 1990 and 1992. He was also the fund manager of India's first private sector mutual fund Kothari Pioneer Bluechip Fund which is now Franklin India Bluechip. During his stint with DNB Asset Management, Norway, Krishnan had gained great experience in the Asian EMs.
Recommended Funds
Spark Asia India@75 Core & Satellite
Spark Asia India@75 Flexicap
Experience the benefits of working with a 'research-first' investments firm
Free 30-Day Trial
Get complimentary access to the revolutionary IME RMS (direct access to IME's central team insights across 1000's of MFs, PMSs, AIFs & Global funds - a first in the industry).
Additionally, a dedicated private banker will help build your financial plan, investment mandate & undertake a comprehensive portfolio review for free.
