Scheme Rating
IME Scheme Rating
A call on the specific theme: We typically do not recommend Thematic funds to investors, since it requires getting in and out of the theme at the right time. Typically a strong contra approach (investing in themes when they are out of favour, and getting out when they are popular) leads to better performance, but this is very hard to actually implement in practice given strong behavioural instincts against such an approach (investors often end up entering themes post a run-up, which can often be the worst time to invest). In our view, thematic funds are primarily suitable for more astute investors who have a deep underlying understanding of the investment merits of the theme.
IME Strategy Rating
Multicap Regular Income Strategy: This scheme invests in consistently High Dividend-paying companies with a stable business model and consistent cash flow generation in the business.
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 Green Portfolio Dividend Yield
Green Portfolio Dividend Yield- Investment Strategy
Green Portfolio Dividend Yield is a thematic fund that invests in consistent high dividend companies. The shares provide a regular income to the investors, irrespective of overall market performance. The portfolio is built with companies of quality management, good business prospects, and high dividend income also ensuring capital appreciation.
Investment Philosophy
Identify competitive businesses through bottom-top-approach with accurate valuations without compromising on the time.
- Anti Fragility in Business: Investing in businesses that have survived at least one downcycle. This decision is taken on the basis of giving confidence in the business model. Companies with a strong balance sheet.
- Avoiding Highly Leveraged Business: Avoid businesses with a debt to equity ratio higher than 100%.
- Avoiding Public Sector Enterprises: Since PSE’s carry excessive regulations in their operations, believe this makes for inefficient use of resources.
- Ability to Generate Incremental Returns: Look for companies with ROE > 15%, also look for companies that can have this return ratio on incremental capital employed. This return ratio indicated the management’s ability to find new areas of growth in a consistent manner.
- Improving Operating Margins: Investing in businesses that have an operating margin of 15% at least, along with operating margins improving through competitive advantages.
Trailing Performance
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| Green Portfolio Dividend Yield | 55.7 | 36.8 | 38.1 | |
| S&P BSE 500 TRI | 41.1 | 18.9 | 21.8 | |
| Alpha over Broad Mkt BM | 14.6 | 17.9 | 16.3 |
Performance as of: 31-Aug-24 | Inception Date: 23-Sep-19
Fund Managers
Divam Sharma | 2-star rated FM
CEO, Co-Founder | 17 yrs Experience | 6 yrs at current firm
Past Experience: Fintech, Analyst (Indifi), Financial Analyst (IMGC), Credit Analyst – Head Tricity (Citibank), Financial Analyst (Citibank India), Credit Manager (Kotak Mahindra Bank)
Divam has over a decade of investing experience, including 6 years as Financial Analyst with Banks including Kotak Mahindra Bank, Citibank, and IMGC.
Anuj Jain | 2-star rated FM
Co-Founder, Head of Research | 16 yrs Experience | 6 yrs at current firm
Past Experience: CA (Jan D Bansal & Co), Article Assistant (SN Nanda & Co)
Anuj Jain is a co-founder and research partner at Green Portfolio. Prior to founding Green portfolio, Anuj was a CA engaged in consulting individuals and corporate clients on various aspects as such as taxation, auditing and portfolio management. Anuj Jain has completed his BCom in 2007 from Shyam Lal College and cleared the CA from ICAI in 2011.
Fee Structure
| Fee Structure | Fee |
|---|---|
| Fixed Fee Structure | 2.3 |
| Variable Fee Structures | 1.25% fixed + 20% above 8% hurdle |
| Exit Fees |
AMC
AMC: Green Portfolio PMS (click link for detailed AMC review)
Not a recommended AMC: Green Portfolio is a relatively new PMS provider, that has managed to both scale well and also deliver a reasonably strong performance in their initial years. The primary reason for a 2-star rating, is driven by the lack of a past public-market track record of their investment team & the fact that the strategies do not yet have a 5-year track record. As the strategies mature and longer-term performance develops to help us evaluate consistency of longer-term performance, we may consider upgrading our rating.
Green Portfolio PMS does not meet our criteria for PMS AMC Selection at this time. Understand our AMC rating criteria at AMC Rating Criteria or contact us via the LiveChat to learn more.
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.