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ASK Lighthouse

Scheme Rating

IME Scheme Rating

4 of 5 stars

Good Investment Option: The strategy’s objective of focusing on emerging themes based on structural changes without diluting the rigour of company selection makes it relatively agile compared to their other strategies. While this is a new fund, the strategy and the strong pedigree of the AMC/Team provide a solid foundation.

IME Strategy Rating

4 of 5 stars

Invests in Focussed Themes: ASK Lighthouse introduces a flexible approach to thematic investing, offering adaptability to market dynamics. The strategy invests in 3-4 primary themes (across 15-30 companies) and also maintains a keen interest for others themes, enabling it to capitalize on evolving macro conditions. This flexibility allows for leveraging underlying tailwinds in the market. Presently, the focused themes include Infrastructure, Manufacturing, and Defense, strategically chosen based on their alignment with the beneficiaries of increasing capital expenditure.

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 ASK Lighthouse

Type: | | AUM ( cr) | Inc Date (7 Mar 2024)

Trailing Performance

1yr 3yr 5yr Since Inception
ASK Lighthouse
S&P BSE 500 TRI
Alpha over Broad Mkt BM

Performance as of: 30-Sep-24 | Inception Date: 07-Mar-24

Fund Managers

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.

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.

Fee Structure

Fee StructureFee
Fixed Fee Structure2.5
Variable Fee Structures1.5% fixed + 20% above 8% hurdle
Exit Fees

AMC

AMC: ASK PMS (click link for detailed AMC review)

Highly recommended for more conservative investors: ASK has a number of positives, which has led to them becoming the market leader. Strict adherence to a clearly defined investment policy, along with a strong & stable in-house grown investment team, is what helps set them apart and deliver consistent and attractive long-term returns. The majority stake (75%) of ASK's asset management business was acquired by Blackstone in Feb-22. We have recently downgraded ASK's rating to 4-star, keeping in mind the sharp underperfomance since 2022 (which we believe should be transitory in nature). As performance comes back, ASK's rating could be upgraded to a 5-star.

AMC Rating

4 of 5 stars

AMC Pedigree

5 of 5 stars

AMC Size

5 of 5 stars

Team Pedigree

5 of 5 stars

Inv Philosophy

5 of 5 stars

Performance

3 of 5 stars

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