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Hem PMS

Scheme Rating

IME Scheme Rating

The Scheme does not meet our selection criteria at this time

Concentrated Multicap Strategy: Hem Securities DREAM is a multi-cap strategy consisting of ~25 high-conviction stocks across various sectors, with maximum allocation to a single sector being not more than 25%.

IME Strategy Rating

Not a recommended AMC: Hem Securities is still relatively nascent and sub-scale. Additionally, they lack a strong investment team or a clearly defined investment philosophy.

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 Hem PMS

Type: Flexi Cap | GARP | AUM ( cr) | Inc Date (4.3)

Investment Strategy

High Conviction AIF aims to invest in 15-20 companies which are 

  • Key Beneficiaries of Secular Growth Drivers
  • Poised for Strong Uptick in Earnings and Cash flows
  • Offer an Attractive Risk-reward

SCDV Framework

IIFL’s investment strategy is to invest in a portfolio following their ‘SCDV’ framework, wherein a large proportion of the portfolio is invested in high-quality secular growth companies for long term compounding. The remaining allocation (tactical) is across quality cyclical and defensives.

  • Secular: defined as high earnings growth (>15%) and high ROEs (>15%)
  • Cyclical: defined as high earnings growth (>15%) but lower ROEs (<15%)
  • Defensive: defined as lower earnings growths (<15%) but high ROEs (>15%)
  • Value Traps: defined as low earnings growth (<15%) and low ROEs (<15%)

Portfolio Construction

  • Core Portfolio: invest in secular companies (as defined by high earnings growth and high ROEs)
  • Tactical Portfolio: invest in cyclical and defensive companies
  • Avoid: Value traps

Trailing Performance

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Hem Dynamic Research & Emerging Management Strategy 48.06 0 42.7
S&P BSE 500 TRI 26.6 4.8 30.3
Alpha (over Broad Mkt BM) 21.5 -4.8 12.4
Nifty 500 25.8 1.6 31
Alpha (over Category BM) 22.3 -1.6 11.7

Fund Managers

Hem Dynamic Research & Emerging Management Strategy

Not a recommended fund: This is not a recommended fund, primarily because the AMC does not meet our selection criteria. We believe that there are better fund houses to invest in, within the Indian mutual fund universe.Not a recommended fund: This is not a recommended fund, primarily because the AMC does not meet our selection criteria. We believe that there are better fund houses to invest in, within the Indian mutual fund universe.Concentrated Multicap Strategy: Hem Securities DREAM is a multi-cap strategy consisting of ~25 high-conviction stocks across various sectors, with maximum allocation to a single sector being not more than 25%.Concentrated Multicap Strategy: Hem Securities DREAM is a multi-cap strategy consisting of ~25 high-conviction stocks across various sectors, with maximum allocation to a single sector being not more than 25%.Not a recommended AMC: Hem Securities is still relatively nascent and sub-scale. Additionally, they lack a strong investment team or a clearly defined investment philosophy.Not a recommended AMC: Hem Securities is still relatively nascent and sub-scale. Additionally, they lack a strong investment team or a clearly defined investment philosophy.No notable track record: The investments team at Hem Securities does not included fund managers with a past track record in fund management.No notable track record:mThe investments team at Hem Securities does not included fund managers with a past track record in fund management.Fund Yet to Mature: While the fund has been around for more than 3 years, it has still not established a 5-year track record. A 5-year track record helps provide greater clarity on fund performance across market conditions.Fund Yet to Mature: While the fund has been around for more than 3 years, it has still not established a 5-year track record. A 5-year track record helps provide greater clarity on fund performance across market conditions.

AMC

AMC: (click link for detailed AMC review)