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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

Bespoke Investment Approach: Enam India Diversified Equity Advantage Portfolio (EIDEA) follows a bespoke customised investment approach for investors. The aim is to invest in a high-conviction concentrated portfolio of approximately 20 stocks with a market-cap agnostic approach. The Strategy’s Bespoke Approach provides flexibility for customization based on the investor’s risk profile.

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 (3658.8 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 27.4 17 17.1 16.7
S&P BSE 500 TRI 39.5 19.5 19 14
Alpha over Broad Mkt BM -12.1 -2.5 -1.9 2.7
Nifty 500 38.4 18.1 17.5
Alpha over Category BM -11 -1.1 -0.4

Performance as of: 28-Feb-23 | Inception Date: 30-May-11

Fund Managers

Jiten Doshi | 5-star rated FM

CIO | 30 yrs at current firm

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

Fee Structure

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

AMC

AMC: (click link for detailed AMC review)

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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.