facebook

Enam India Vision

AUM (803 cr) | Inc Date (17-Jan-2023)

Scheme Rating

IME Scheme Rating

4 of 5 stars

Enam Vision is a new strategy (launched in Jan-23), but with a high degree of similarity with Enam’s more matured Diversified Equity Strategy. The longer-matured strategy has delivered strong longer-term returns, but performance in recent years has been more muted. The fund can be considered by investors, seeking to invest with an investment team with a high level of longer-term pedigree & experience.

IME Strategy Rating

5 of 5 stars

Enam India Vision Portfolio 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.

AMC Rating

4 of 5 stars

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

Enam PMS is an established PMS firm founded by a respected investment team. They employ a concentrated GARP strategy that has been successful over time. Despite strong performance overall, recent years have shown slightly subdued results compared to their historical track record.

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).

Investment Philosophy

ENAM India Vision is a long-only concentrated strategy (15-30 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

Investment Process

Trailing Performance

1yr 3yr 5yr Since Inception
Enam India Vision 4.1 15.7
S&P BSE 500 8.4 19.1
Alpha over Broad Mkt BM -4.3 -3.4
S&P BSE 500 8.4
Alpha over Category BM -4.3

Performance as of: 31-Jan-25 | Inception Date: 17-Jan-23

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 | 18 yrs Experience | 4 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 Structure Fee
Fixed Fee Structure 2.5
Variable Fee Structures
Exit Fees

Free 30-Day Trial of the IME RMS

Details shared above, are only a short-snapshot of the more detailed analysis that resides in IME’s Proprietary RMS (Research Management Solution).

The IME RMS is the first tool ever, to give investors direct access to the insights of the central research team. Investors gain direct access to our ratings, rating rationales & analysis across thousands of funds (MFs, PMSs, AIFs, Global funds), asset classes, categories & more.

 Learn More