Asit C Mehta Ace Multicap
Our view on the fund, the AMC, the strategy, the performance & the investment team.
IME's Review of Asit C Mehta Ace Multicap
| Fund Rating | Strategy Rating | Performance Rating |
|---|---|---|
Upgrade | Upgrade | Upgrade |
View on the Fund
This is not a recommended fund, primarily because the AMC does not meet our selection criteria. We believe that there are better fund houses to invest in, within the Indian fund universe.
Strategy
Fund's Strategy View
A structured value investing Total-Cap strategy of 25 equal-weighted, most undervalued, high quality stocks in risk-mitigated & alpha generating Scientific Alpha framework.
Fund Performance
The fund has outperformed peers & is amongst the top performing schemes in this category in the last 5 year trailing returns. In terms of longer-term annual performance, performance has been highly consistent, with the fund having outperformed it's benchmark in over 80% of annual calendar years.
Trailing Performance
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| Asit C Mehta Ace Multicap | 7.6 | 30.6 | 27.2 | 19.2 |
| S&P BSE 500 | 6.5 | 15 | 15 | 13.3 |
| Alpha over Broad Mkt BM | 1.1 | 15.6 | 12.2 | 5.9 |
Performance as of: 31-Jan-26 | Inception Date: 23-Aug-18 | Performance are post-fees, pre-taxes. Global funds denominated in USD or fund currency.
Investment team
Prathmesh Agrawal | 2-star rated FM
President & Head | 14 yrs Experience | 1 yrs at current firm
Past Experience: Enam, Varanium (Asst FM)
Prathmesh Agrawal has over 13 years of experience in listed Indian equities. Prior to joining Asit C Mehta, he served as Vice President (Investments) at ENAM Asset Management, and has previously worked at Varanium Capital, Religare Portfolio Managers, and Moody’s Analytics. He is a Chartered Accountant and a NISM-certified Portfolio Manager
IME's Review of Asit C Mehta PMS
| AMC Rating | Pedigree Rating | Team Rating | Philosophy Rating |
|---|---|---|---|
Upgrade | Upgrade | Upgrade | Upgrade |
View on AMC
Asit Mehta is a reputable brokerage but has not proven themselves on their PMS platform. The AMC has a 1-star rating due to being sub-scale, leading to limited evaluation of their Pedigree, Investment Philosophy, Team & Performance.
AMC's Pedigree
Asit C Mehta is an established brokerage firm, but their PMS business has not yet established itself independently.
AMC Team
We have not evaluated the investment team due to concerns about the small scale of the PMS. It is crucial to attract and retain a high-quality team, which is a core concern with sub-scale PMS providers.
Investment Philosophy
Due to concerns about the PMS being sub-scale, we have not evaluated the investment philosophy further.
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