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Spark Asia PMS

PMS Rating

IME PMS Rating

3 of 5 stars

Not a top recommendation as it is still a young AMC at this time : Spark Capital is still too nascent as a PMS provider to recommend investments in. It does have a few positives for it to emerge as a credible player in the future (a strong niche institutional equities business, a highly seasoned CIO), though we would ideally recommend investors wait for their longer-term track record to be more firmly established, along with a more clearly defined investment philosophy.

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 (480cr) | Promoter Category ()

PMS Background

Spark PMS is the PMS arm of Spark Capital (a niche, mid-market Investment Bank & Institutional broker). It is a relativey young PMS, with the PMS license only coming through in Nov-2018.

AMC still young with strategies having less than 3 years of tenure

PMS Investment Philosophy

Spark PMS does not have a clearly articulated investment philosophy, with the focus being on following a strong research process.

Inv Team

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.

PMS/AIF Schemes

PMS & Listed Equity AIF Schemes

Scheme Category Style 1 yr 3 yr 5 yr Since Inc
Spark Asia India@75 Core & Satellite Flexi Cap GARP 45.9 24.3 24.7
Spark Asia India@75 Flexicap Flexi Cap GARP 44.1 23.1 22 19.9

Returns as of 31-May-24.

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