Scheme Rating
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).
Investment Strategy
ASK Lighthouse Portfolio is a sector-focused, high-conviction PMS strategy that invests in 3-4 structural themes at any given time. The strategy targets industries undergoing significant transformation with deep, long-term growth potential, dynamically shifting exposure as themes evolve.
Core Investment Approach
Theme-Based Investing with Flexibility:
- Focus on 3-4 high-growth sectors where structural changes are underway.
- Current themes: Infrastructure & Engineering, Manufacturing, Defence, Railways, Capital Goods.
- Agile management: Exits themes when most value creation is achieved.
Blend of Top-Down & Bottom-Up Stock Selection:
- Themes selected using a macroeconomic and industry analysis.
- Individual stock selection based on fundamentals, scalability, and valuation.
High-Conviction, Concentrated Portfolio:
- 15-30 stocks from the mid- and small-cap space, focusing on market leaders in niche industries.
- High sectoral concentration, allowing strong alpha generation.
Sector and Stock Rotation Strategy:
- Themes are actively rebalanced based on growth cycles and valuation saturation.
- High exposure to sectors with favorable policy tailwinds and long-term demand.
Trailing Performance
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| ASK Lighthouse | 13.5 | |||
| S&P BSE 500 | 6.2 | |||
| Alpha over Broad Mkt BM | 7.3 | |||
| S&P BSE 500 | ||||
| Alpha over Category BM |
Performance as of: 31-Jan-25 | Inception Date: 07-Mar-24
Fund Managers
Chetan Thacker | 4-star rated FM
Fund Manager | 18 yrs Experience | 10 yrs at current firm
Past Experience: Emkay Global (Analyst), HSBC InvestDirect (Analyst), McKinsey (Analyst)
With a strong equity research background, Chetan has sector research expertise in agriculture, chemicals, metals & mining and midcaps
Sumit Jain | 4-star rated FM
CIO | 19 yrs Experience | 19 yrs at current firm
Past Experience: First Global (Analyst)
Sumit has been with the ASK group for over 15 years, having started as an analyst to now being responsible for managing portfolios. Prior to joining ASK, Sumit worked as an analyst at First Global tracking the US macroeconomy and the FMCG sector.
Bharat Shah | 5-star rated FM
Executive Director | 33 yrs Experience | 17 yrs at current firm
Past Experience: Senior FM (Birla MF)
Bharat Shah is a highly respected investments professional, having overseen the growth of ASK PMS to the largest PMS in India over 2 decades. Prior to joining ASK, Bharat Shah was a very well respected equity fund manager at Birla PMS, known for large wealth creation in IT picks. Bharat Shah has been on the board of ASK since 2008.
Fee Structure
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Details shared above, are only a short-snapshot of the more detailed analysis that resides in IME’s Proprietary RMS (Research Management Solution).
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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.