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Enam Diversified Equity

Scheme Rating

IME Scheme Rating

4 of 5 stars

Can be considered for investments: While performance in recent times has been average, we take comfort in the longer-term outperformance of the ENAM strategies and the very high pedigree of the core investments team & the firm.

IME Strategy Rating

5 of 5 stars

Concentrated Multi-Cap Investment Approach: Enam Diversified Equity is a 15-30 stock concentrated multi-cap portfolio that is built on the following principles – Sector/Theme agnostic, combination of structural growth & sustainable valuations, market-cap agnostic and with medium-to-low churn. The fund focuses on bottom-up security selection, with a strong multi-factor risk-management framework.

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 Enam Diversified Equity

Type: Large & Midcap | GARP | AUM (4212.3 cr) | Inc Date (30 May 2011)

Investment Philosophy

ENAM India Diversified Equity Advantage is a long-only concentrated strategy (15-20 companies) that aims to invest in high-quality businesses at attractive valuations.

Enam’s investment philosophy is a long-term focussed strategy built on 5 key pillars

  • Business Opportunity: by assessing the size and attractiveness of the opportunity and estimating the quality and sustainability of growth
  • Longevity: evaluated by determining the competitive advantages over the long term to understand the opportunity’s predictability, adaptability and resilience.
  • Management Quality: by determining the integrity and intellect of the leadership and assessing the balance between ambition and pragmatism
  • Value Accretion: Evaluated by EVA-positivity, duration and magnitude and the extent of free cash flow by assessing return on incremental capital
  • Culture of Discipline: by turning volatility into an opportunity

 

Trailing Performance

1yr 3yr 5yr Since Inception
Enam Diversified Equity 28.9 15.6 21.6 17.6
S&P BSE 500 TRI 41.1 18.4 22.4 15
Alpha over Broad Mkt BM -12.2 -2.8 -0.8 2.6
Nifty 500 40.2 17.2 21
Alpha over Category BM -11.3 -1.6 0.6

Performance as of: 30-Sep-24 | Inception Date: 30-May-11

Fund Managers

Jiten Doshi | 5-star rated FM

CIO | 27 yrs at current firm

Jiten Doshi is one of the Co-founders of Enam Group and is currently working as the CIO at Enam AMC. He has experience of over 30 years. He is a trusted advisor to various management bodies on transparency, corporate governance, disclosure, and shareholder value creation.

Brijesh Ved | 4-star rated FM

Sr Portfolio Manager | 17 yrs Experience | 3 yrs at current firm

Past Experience: BNP Paribas Asset Management

Brijesh Ved, with 19 years of industry experience, is currently at Enam AMC. Previously, he was Head of Equities at BNP Paribas Asset Management (2015-2021), managing international and domestic portfolios. He also served at Enam AMC as Senior Research Analyst and Portfolio Manager (2004-2015). Brijesh holds an MBA from Monash Mt. Eliza Business School, Australia, and a Bachelor of Commerce from the University of Mumbai.

Fee Structure

Fee StructureFee
Fixed Fee Structure2.5
Variable Fee Structures
Exit Fees

AMC

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

Highly recommended for more conservative investors: Enam PMS scores well on most parameters - it is amongst the oldest PMS firms in the industry and is founded by a highly respected investment team. They run a concentrated GARP strategy, that has withstood the test of time. While Enam scores well across all parameters, performance in recent years has been slightly more subdued than their longer-term track record.

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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