View on the Fund

**Important Disclaimer:** This is a rating of a strategy run by our group company (IME PMS), and our rating can clearly have a bias - investors should keep this in mind. IME Digital Disruption, provides investors concentrated exposures to the listed Digital platform space - the fastest growing segment of the Indian economy. This is a highly concentrated strategy, which follows a quasi private-equity approach to listed investing (highly concentrated positions, long-term buy & hold) which offers investors the potential for significant long-term outperformance (but investors should be mindful of the high levels of potential short-term volatility in this strategy, given the high levels of concentration, both at a thematic and a stock level.

Strategy

Listed Digital platform thematic strategy

Fund's Strategy View

IME Digital Disruption fund focuses on investing in companies that are at the forefront of technological innovation and disruption, with a preference for companies that are leveraging digital technologies to transform traditional industries. The fund aims to capitalize on the growth potential of these companies by actively managing its portfolio and staying ahead of market trends in the digital economy.

Fund Performance

We refrain from evaluating the fund since it is yet to mature (less than 5 years).

View on AMC

**Important Disclaimer:** This is a review of our own firm, so it clearly comes with a strong bias - please do take that into account while reading our views. With that said, IME PMS has been set up with an aim to (a) offer investors high-quality and differentiated investment strategies (b) build in best-in-class research processes to ensure a higher quality of management. While we are still young & small (size partly driven by not having any external distributors to date) we believe that the differentiation of our strategies, the pedigree of our founder and the robustness of our research processes makes us worth a consideration.

AMC's Pedigree

IME PMS is yet a young firm and is still in the process of scaling, but it benefits from a highly experienced founder CIO, clearly differentiated strategies and very robust investment processes.

AMC Team

Ashi, the founder, comes with a strong 20+ year investment track record in some of India's largest AMC's, including ICICI Pru & Kotak. Over his career, Ashi has been able to demonstrate strong outperformance to the markets across a wide range of investment strategies & market conditions.

Investment Philosophy

IME's Twin-Engine investment framework focuses on the 2 primary drivers of value creation - Earnings Growth & Valuation Multiples. The research focus is on a detailed & a quantiative assessment of how earnings & multiples are likely to change over time, providing a strong quantiative rigour & discipline to stock selection.