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Centrum Built to Last

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

Strategy: Based on the proprietary ‚EDGE ‘framework to identify leadership among companies across value, quality, and growth philosophy as defined by the strategy.

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 Centrum Built to Last

Type: Large Cap | GARP | AUM (6.6 cr) | Inc Date (3 Jun 2019)

Centrum Built To Last- Investment Strategy

Centrum ‘Built to Last’ is a large-cap strategy. The strategy looks for 25-30 companies that effectively capture betas by having adequate exposure to heavyweights and picking companies that have strong fundamentals/ turnaround possibilities from the tail part of the index.

Investment Philosophy

Centrum PMS is driven by their proprietary framework developed over time — ‘EDGE’ Framework. The AMC uses the EDGE framework to identify leaders.

EDGE Framework

  • Earnings Growth (E): driven by criteria such as minimum ~15% EBITDA growth and ~15% ROCE | High cash to EBITDA ratio (65% and above) | Low leverage (<2x)
  • Deep Dive Research (D): driven by factors like size of the opportunity, competitive advantage, scalability and channel checks
  • Governance (G): evaluated based on accounting quality, past capital allocation, past related party transactions and dividend policy
  • Execution (E): past track record and promise vs delivery historically

The above-mentioned EDGE framework is used to identify leaders.

Leadership traits are defined as

  • Market Share
  • Promoter/Management Pedigree
  • Operating Margins and Return Ratios
  • Brand/Distribution Strength
  • Business Growth and Pricing Power
  • R&D and Technology Differentiators

Portfolio Construction Strategy

Centrum strategies classify and take positions in companies labelled as ‘Quality’, ‘Value’, and ‘Growth’.

  • Quality: Companies with a strong leadership position, known for their proven track record
  • Value: counter cyclical, contrarian, special situation opportunities
  • Growth: emerging but lesser-known companies with high growth potential and leadership traits

The AMC believes that this reduces risk and ensure participation during various phases of market cycles.

Trailing Performance

1yr 3yr 5yr Since Inception
Centrum Built to Last 22.1 10.5 10.9
S&P BSE 500 TRI 39.5 19.5 17.5
Alpha over Broad Mkt BM -17.4 -9 -6.6
Nifty 50 TRI 28.5 16.2
Alpha over Category BM -6.4 -5.7

Performance as of: 28-Feb-23 | Inception Date: 03-Jun-19

Fund Managers

Abhishek Anand | 3-star rated FM

Fund Manager | 20 yrs Experience | 10 yrs at current firm

Past Experience: Centrum Wealth Management, Centrum Broking, SBI Capital Markets, Dun & Bradstreet, CMIE

Abhishek Anand has 10 years of experience with 8 years in institutional equity research covering sectors such as Telecom, Media, IT & Consumer. He has won the Starmine Top Analyst Award for 2011-12 and 2012-13 by Thomson Reuters. His previous assignments were with the institutional research division of SBI Capital Markets, Dun & Bradstreet, and CMIE.

Anil Sarin | 4-star rated FM

CIO | 6 yrs at current firm

Past Experience: CIO – Equity (Global Asset Management), MD India (Bessemer Venture Partners), Co-Head Equity (ICICI Pru AMC), Fund Manager (Birla IT Fund)

Anil Sarin, CIO, comes with 25+ years of experience in fund management. Anil Sarin was a Fund Manager for Birla IT Fund during 2001-03. Post that stint, he joined ICICI Pru AMC, where he became Co-Head of Equities and has managed many Equity Funds. He later went on to join Bessemer Venture Partners to become the Managing Director of India Operations. Prior to joining Centrum in his current role, he was designated as CIO – Equity for Global Asset Management at Edelweiss. Anil Sarin holds an MBA from the Institute of Management and Technology, Ghaziabad.

Fee Structure

Fee StructureFee
Fixed Fee Structure1.5
Variable Fee Structures
Exit Fees

AMC

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

Can be considered for investment: Centrum PMS has developed strong credentials in the small & mid-cap space. A key concern is churn at the CIO level (both Kunj Bansal & Anil Sarin, past senior CIO's having left the firm), keeping a high level of dependence on Abhishek Anand (a relatively more junior fund manager but who has been with the firm for a long-time).

AMC Rating

3 of 5 stars

AMC Pedigree

3 of 5 stars

AMC Size

3 of 5 stars

Team Pedigree

2 of 5 stars

Inv Philosophy

4 of 5 stars

Performance

4 of 5 stars

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