facebook

Ampersand Growth Opportunities AIF

Scheme Rating

IME Scheme Rating

3 of 5 stars

Reaonable Multi-cap AIF: While we like the investment strategy of focused investments in sectors that are at the early stages of a multi-year upcycle, the longer-term fund management track of the key team is yet to be fully proven. We accordingly primarily recommend this to investors that are keen on contra-focused strategies.

IME Strategy Rating

4 of 5 stars

Focused Investment strategy: Market-cap agnostic approach (providing flexibility in-stock selection), with a focus on investing in sectors that are at the cusp of a multi-year upcycle (aim is to buy early in the upcycle, allowing for outperformance driven by re-rating as sector dynamics improve)

PMS Scheme Ratings are driven by IME’s Proprietary Scheme Rating Methodology, which takes into account our ratings of the Scheme’s investment strategy, its maturity, the investment team, and our separate rating on the AMC that runs this particular scheme. Our views on each of these individual criteria are available via the IME RMS – which you can view by reaching out to one of our relationship managers (using either the live chat or book appointment feature on this site).

IME View on Ampersand Growth Opportunities AIF

Type: Large & Midcap | Contra | AUM ( cr) | Inc Date ()

Investment Strategy

Ampersand Growth Opportunities AIF is a market cap agnostic strategy with 25-30 holdings to consistently outperform the benchmark.

  • Search Strategy: Identify sectors on the cusp of a multi-year upcycle, driven by macro themes like the rising quality of life, jobs and consumption
  • Investment Criteria: Focus on companies with improving competitive advantage, supported by a proven track record of management’s ability to efficiently allocate capital
  • Valuations: Assess valuation re-rating potential, thereby offering favourable outcomes from a risk-reward perspective

Portfolio Management

Ampersand follows a well-defined process in constructing and managing the portfolio through the following:

  • Identify suitable sectors: based on internal score-card analysis
  • Identify well run companies: companies within suitable sectors based on its track record and future plans
  • Portfolio construction: through diversification, liquidity and conviction levels

Trailing Performance

1yr 3yr 5yr Since Inception
Ampersand Growth Opportunities AIF
S&P BSE 500 TRI
Alpha over Broad Mkt BM
Nifty 500
Alpha over Category BM

Performance as of: 30-Dec-99 | Inception Date: 30-Dec-99

Fund Managers

AMC

AMC: Ampersand AIF (click link for detailed AMC review)

AMC Team still to build LT investment track record: The core team at Ampersand is still early in its transition from research analysts to fund managers. While strong research is a fundamental part of any good investment firm, research analysts & fund managers have different skills and not all research analysts have been successful in their transition to funding management (even as some have). While the team clearly has very strong research credentials, we would prefer to wait for some time for their longer-term track record to be built prior to recommending investments.

AMC Rating

3 of 5 stars

AMC Pedigree

3 of 5 stars

AMC Size

3 of 5 stars

Team Pedigree

4 of 5 stars

Inv Philosophy

3 of 5 stars

Performance

3 of 5 stars

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.