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Trivantage PMS

PMS Rating

IME PMS Rating

3 of 5 stars

Can be considered for investment: We are great believers in investment managers having a laser focus on their areas of expertise, as compared to trying to do too many things at the same time. Trivantage PMS is a PMS provider that is laser-focused on a single sector (financials), with investments managed by a financial sector veteran, which makes it one of the most attractive BFSI sector funds in the market.

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 (162cr) | Promoter Category ()

AMC Background

Trivantage PMS was founded by Nikhil Johri in 2014, with the core focus of using Nikhil’s considerable domain expertise in the financial services industry to create financial services focused portfolios for its clients.

Investment Philosophy

The investment philosophy is to evaluate financial services stocks by combining their understanding of Macros and analysis of their credit profiles with Valuations. The founder & CIO Nikhil Johri has a strong expertise in Financial sector and aim to outperform the marketby following the ‘circle of competence’.

This is driven by –

  • Strong Alignment of Interest: Ensuring interests align with investor by co-investing in funds by the founder. 
  • Courage of Conviction: They do not hestitate to take contrarian positions. 
  • Financial Sector Trinity: Evaluating financial services businesses by understanding macros and combining their analysis of credit profiles with Valuations in mind. 
  • Skill & Diligence: Believe in skill & diligence that has the ability to generate superior returns. 
  • Ethical & Transparent: Trivantage Capital have high level of integrity & transparency while also maintaining  high standards of the businesses selected in order to reciprocate trust placed by investors.

Stock Selection

Filtering stocks based on Qualitative & Quantitative Screens. 

Qualitative Filtering Screens

  • Selecting businesses with CEO’s who have track record & able to lead during different cycles. 
  • ESOP grant policy and skin in the game
  • Role of the Board and independent Directors.
  • Quality and involvement of promoter.
  • Sustainability of business Model & Moats.

Quantitative Filtering Screens

  • Capital Position 
  • Free Float Market Capitalization
  • Liquidity 
  • Volatility
  • Granular deposit franchise 
  • Return Ratios

Out of 100 listed stocks in BFSI – Trivantage actively cover 40 stocks and construct a portfolio of 15-18 stocks after actively covering the stocks. 

 

Inv Team

Investment Team

Nikhil Johri | 5-star rated FM

Founder & CIO | 36 yrs Experience | 9 yrs at current firm

Past Experience: CEO India (BNP Paribas Investments, Fortis Investments, ABN Amro AMC)

Nikhil is a veteran of the Indian financial markets, having been the CEO at several leading investment firms including BNP, Fortis & ABN Amro. He started Trivantage PMS in 2014, in order to use his considerable knowledge of the financial system to build financials focussed investment portfolios.

PMS/AIF Schemes

PMS & Listed Equity AIF Schemes

Scheme Category Style 1 yr 3 yr 5 yr Since Inc
Trivantage Resurgent Financials BFSI Sectoral 24.7 9.9 11.2 13.1
Trivantage Super Six Sectoral Concentrated 17 8.8 10.3 10.4

Returns as of 28-Feb-24.

Get substantially greater insights by connecting with us!

Details shared on the public website, are only a short snapshot of the more detailed analysis that resides in our Proprietary Research Management Solution (RMS) – A proprietary cloud-based tool, that ensures that the unbiased research insights of our central research team are shared directly with investors.

Our RMS allows us to operate with a level of transparency, ethics & consistency of insights, that is unparrarelled in the industry. Our RM’s will help showcase the PMS/AIF options that are the most suited for your unique requirements.

Download Sample RMS Reports: AMC View | Scheme Comparison

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.