Upside AI PMS

PMS Rating

IME PMS Rating

AMC does not meet our selection criteria at this time

Not a Recommended AMC: The use of AI & ML for investment management is an interesting concept that is yet to be proven. The value of any algorithm can only be proved once it has had a few years to run (and seen both up-and-down cycles). Wyridian (Upside AI) PMS's algorithm is still too young to have proven its credentials. Additionally, in our rating methodology, PMS firms which have discretionary equity assets of less than 100 cr are typically rated as 1-star, since these have not yet reached a level of sustenance scale. Once they cross this key number, we will reevaluate the rating

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 (3cr) | Promoter Category ()

PMS Background

Founded in 2017, Wyridian Capital is a differentiated provider that focuses on using technology (rather than humans) to make investment decisions.

Since investment decisions are made on the basis of algorithm, the value of it can only be proven after a few years of its run (seen in both up-and-down-cycle)

PMS Investment Philosophy

The investment philosophy focuses on using technology (ML & AI) to identify investments based on fundamental parameters.

Inv Team

Investment Team

Kanika Agarrwal | 2-star rated FM

Fund Manager | 16 yrs Experience | 6 yrs at current firm

Past Experience: Associate (MF Advisors LLP), Analyst – Investment Banking (Credit Suisse), Consultant (E&Y)

Kanika Agarrwal is co-founder and CIO at Upside AI. Upside AI uses machine learning to understand how great companies are built and mine these opportunities in the public markets. She spent four years with Mayfield India, investing in early-stage companies focussing on enterprise tech and consumer internet. She also worked with Credit Suisse in the investment banking team and E&Y as part of their tax & regulatory services practice. She is a CA and holds CFA Charter.

PMS/AIF Schemes

PMS & Listed Equity AIF Schemes

No items found

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.