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Centrum Good To Great T NRI

Scheme Rating

IME Scheme Rating

The Scheme does not meet our selection criteria at this time

Not under coverage: This scheme is currently not under our coverage universe.

IME Strategy 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).

IME View on Centrum Good To Great T NRI

Type: Mid & Smallcap | Value | AUM (11.4 cr) | Inc Date (27 Nov 2020)

Centrum Multibagger (Deep Value I)- Investment Strategy

Focus on deep value across sectors and segments

Centrum Multibagger (Deep Value I) looks for deep value across sectors and segments; on the verge of a turnaround due to various factors.

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 positions, 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 Good To Great T NRI 44.3 18.5 19.4
S&P BSE 500 TRI 39.5 19.5 22.7
Alpha over Broad Mkt BM 4.8 -1 -3.3
Nifty Midcap 150 56.3 26.5
Alpha over Category BM -12 -8

Performance as of: 28-Feb-23 | Inception Date: 27-Nov-20

Fund Managers

Fee Structure

Fee StructureFee
Fixed Fee Structure2.25
Variable Fee Structures1.5% + 25% above 10% hurdle rate
Exit Fees1yr(1%)

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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