Clubmillionaire All-Star
Our view on the fund, the AMC, the strategy, the performance & the investment team.
IME's Review of Clubmillionaire All-Star
| Fund Rating | Strategy Rating | Performance Rating |
|---|---|---|
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View on the Fund
Clubmillionaire All-Star is a consumer-focused thematic fund with a strong track record spanning over 15 years. We typically do not recommend thematic strategies (as the timing of entry & exit from a theme is very important), but for investors wanting to get specific consumer exposures this fund can be considered.
Strategy
Focus on Companies with Strong Pricing Power
Fund's Strategy View
Club Millionaire All-Star portfolio strategy focusses on long-term value-oriented opportunities. They look for highly profitable franchises managed by ethical management & prudent capital allocation record at fair valuations.
Fund Performance
The fund has underperformed peers & is amongst the worst performing schemes in this category in the last 5 year trailing returns.
Trailing Performance
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| Clubmillionaire All-Star | 8.9 | 13.9 | 11.1 | 15.9 |
| S&P BSE 500 | 6.5 | 15 | 15 | 13.7 |
| Alpha over Broad Mkt BM | 2.4 | -1.1 | -3.9 | 2.2 |
Performance as of: 31-Jan-26 | Inception Date: 03-Jun-17 | Performance are post-fees, pre-taxes. Global funds denominated in USD or fund currency.
Investment team
Paresh Sangani | 3-star rated FM
Founder | 24 yrs Experience | 18 yrs at current firm
Paresh Sangani is the Founder of ClubMillionaire. He joined the family business at an early age of 15 years and subsequently, pursued his passion in investing from 2004. The investment approach is derived from his practical business experience In India. He is a Post Graduate in Management from Symbiosis University, India and has had an executive education from Columbia Business School, USA.
IME's Review of Clubmillionaire PMS
| AMC Rating | Pedigree Rating | Team Rating | Philosophy Rating |
|---|---|---|---|
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View on AMC
The AMC has performed well over the long term, but its consumer-focused thematic investment style limits the fund manager's ability to adjust portfolio positioning in response to changing market themes, leading to potentially higher volatility in performance.
AMC's Pedigree
Established in 2007, ClubMillionaire has a strong track record of over 15 years and has scaled up to an AUM size exceeding 2000 crores, demonstrating its AMC pedigree.
AMC Team
ClubMillionaire is a PMS service provider founded by Paresh Sangani, who has over two decades of investing experience and serves as the CIO. He is the sole fund manager, with support from a research team.
Investment Philosophy
ClubMillionaire's investment philosophy is centered on investing in highly profitable consumer franchises led by ethical management teams with a strong record of wise capital allocation. They aim to "Buy 'big' at fair valuations," seeking to invest in dominant, brand-owning consumer businesses at prices that offer a margin of safety.
Investment Strategy
Club Millionaire All-Star Portfolio seeks long-term capital appreciation by investing in a concentrated set of highly profitable consumer franchises with strong pricing power and sustainable competitive advantages.
Core Investment Approach
- Profitable Consumer Franchises: Focus on dominant, brand-owning consumer businesses (including select credit-rating companies) with strong pricing power and robust free cash flow generation.
- Ethical & Passionate Management: Preference for companies led by high-integrity management teams with a demonstrated track record of disciplined capital allocation and long-term shareholder value creation.
- Value-Oriented Buying: Willingness to take meaningful positions in high-conviction businesses at fair valuations, with an emphasis on margin of safety.
AMC Background
Established in 2007, ClubMillionaire has built a track record of over 15 years and scaled to an AUM exceeding ₹2,000 crore, reflecting a credible AMC pedigree. The firm was founded by Paresh Sangani, who brings over two decades of investing experience and serves as the CIO. ClubMillionaire follows a founder-led model, with Paresh Sangani acting as the sole fund manager, supported by an in-house research team.
Investment Philosophy
ClubMillionaire’s investment philosophy is centred on identifying a small set of high-quality consumer-oriented businesses that can compound wealth over the long term. The philosophy is driven by three core pillars:
- Highly Profitable Consumer Franchises: Focus on businesses with strong brand positioning, pricing power, and proven profitability within consumer-facing segments.
- Ethical, Passionate Management: Preference for companies led by management teams with high governance standards and a demonstrated track record of prudent capital allocation.
- Buying ‘Big’ at Fair Valuations: Willingness to take meaningful positions in high-conviction businesses when valuations offer a reasonable margin of safety.
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