Varanium PMS

PMS Rating

IME PMS Rating

3 of 5 stars

Not a Recommended AMC: Founded by a seasoned PMS fund manager, Varanium PMS has the potential to develop into a credible niche player. We are however disappointed by the lack of a clearly articulated investment philosophy and also find that Varanium offers too many disparate strategies (all of which may not be open to subscription) which do point towards a lack of focus. These are the main reasons we do not recommend investing in Varanium PMS.

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 (168cr) | Promoter Category ()

PMS Background

Varanium PMS is a relatively young PMS (founded in 2016), founded by TS Anantakrishnan (a seasoned investment professional with over 2 decades of equities experience, including 10+ years in managing PMS strategies).

PMS Investment Philosophy

Varanium PMS does not have a clearly defined investment philosophy at a PMS level, with investment strategies being defined at a portfolio level instead.

Inv Team

Investment Team

T S Anantakrishnan | 4-star rated FM

CEO & CIO | 26 yrs Experience | 8 yrs at current firm

Past Experience: Religare PMS (MD), Prime Securities PMS (Director), Goldman Sachs (VP)

Ananatakrishnan has over 20 years of investments experience, including heading the PMS businesses at Religare & Prime Securities, prior to founding Varanium in Jun-2016.

PMS/AIF Schemes

PMS & Listed Equity AIF Schemes

Returns as of 28-Feb-24.

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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.