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Bonanza Value

Scheme Rating

IME Scheme Rating

The Scheme does not meet our selection criteria at this time

Not a recommended 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 mutual fund universe.

IME Strategy Rating

Muticap Strategy: Bonanza value aims to provide long term capital appreciation primarily by selecting and investing in securities perceived to be deeply undervalued with strong fundamentals and growth prospect. In this investment mandate, they pick an idea which would be next multi-bagger and where company’s product/ service have potential to command niche in its segment.

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 Bonanza Value

Type: Flexi Cap | Value | AUM (22.7 cr) | Inc Date (19 December 2013)

Bonanza Value- Investment Strategy

Bonanza Value is a multi-cap fund that aims to find the next multibaggers. The fund invests in emerging leaders with a consistent track record. Focus on companies with excellent fundamentals over the past 5-10 years. Look at companies that have a catalyst, helping recognise value faster, such as plant expansion, new client addition, new market or debt reduction in a foreseeable future. Sector agnostic and primary allocation is towards mid and small-cap securities.

Trailing Performance

1yr 3yr 5yr Since Inception
Bonanza Value 89.4 30.6 26.4 23
S&P BSE 500 TRI 39.5 19.5 19 14.6
Alpha over Broad Mkt BM 49.9 11.1 7.4 8.4
Nifty 500 38.4 18.1 17.5
Alpha over Category BM 51 12.5 8.9

Performance as of: 28-Feb-23 | Inception Date: 19-Dec-13

Fund Managers

Abhishek Misra | 2-star rated FM

CEO & Principal Officer | 24 yrs Experience | 9 yrs at current firm

Past Experience: Principal Officer (Karvy Insurance), Branch Head (Karvy Stock)

Despite 2 decades of work experience, Abhishek Misra’s career has been dominant in Insurance and sales. His experience as an equities fund manager is still reatlively nascent.

Fee Structure

Fee StructureFee
Fixed Fee Structure
Variable Fee Structures2% fixed + 25% above 12% hurdle
Exit Fees1yr(1%)

AMC

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

Not a Recommended AMC: Despite being in existence for over a decade, Bonanza PMS has failed to scale. The lack of a clearly defined investment philosophy and a sub-par investment team leads to us not recommending investments in Bonanza PMS. 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

Bonanza PMS does not meet our criteria for PMS AMC Selection at this time. Understand our AMC rating criteria at AMC Rating Criteria or contact us via the LiveChat to learn more.

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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.