Nuvama Edge
Our view on the fund, the AMC, the strategy, the performance & the investment team.
IME's Review of Nuvama Edge
| Fund Rating | Strategy Rating | Performance Rating |
|---|---|---|
Upgrade | Upgrade | Upgrade |
View on the Fund
While the fund is still maturing and lacks the backing of an experienced fund manager or AMC, it has shown decent performance so far. We would prefer to see further development and a proven track record, but investors may consider it as an option.
Strategy
Fund's Strategy View
Nuvama Edge follows a long-short strategy, structuring its investments into three distinct buckets: (a) Fundamental Long – allocating up to 60% across 20-30 high-quality companies based on rigorous fundamental analysis; (b) Opportunistic Trades – investing up to 60% in 5-10 short-term opportunities to capture alpha; and (c) Hedging Strategies – deploying up to 80% in 5-10 positions to mitigate risk and manage volatility.
Fund Performance
The funds aim to use shorts tactically to reduce portfolio volatility, downside protection during turbulent market conditions. Consistent ability to take such calls is key for low volatility returns over time.
Trailing Performance
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| Nuvama Edge | 11.3 | 20.3 | 19.9 |
Performance as of: 31-Jan-26 | Inception Date: 05-Apr-21 | Performance are post-fees, pre-taxes. Global funds denominated in USD or fund currency.
Investment team
Gaurav Puri | 4-star rated FM
CIO | 18 yrs Experience | 2 yrs at current firm
Past Experience: Godrej (Head Investment), Rising Straits Capital (VP), Tata (Investments)
Gaurav Puri is a real estate private equity professional with deep experience across investment and development management. He currently serves as CIO – Commercial Real Estate at Nuvama, leading the firm’s real estate investment activities. Prior to this, he was responsible for Investments, Product, and Strategy at Godrej Fund Management. He has deal experience across the real estate product lifecycle, multiple asset classes, and diverse capital and transaction structures on a pan-India basis
Ajay Vora | 3-star rated FM
Head - Equities | 20 yrs Experience | 6 yrs at current firm
Past Experience: Reliance Industries (FM), Enam (Head-Research), Morgan Stanley (Research Associate)
Ajay Vora brings over 18 years of investment management experience. Prior to Nuvama, he led the equity investment team at Reliance Industries’ treasury over five years. Earlier, he began his career as a sector analyst at Morgan Stanley and later spent over six years at ENAM AMC.
Nikhil Ranka | 3-star rated FM
CIO - Alternatives | 20 yrs Experience | 6 yrs at current firm
Past Experience: Reliance Industries (PM-Treasury) Lloyd George Management (Investment Research Analyst), Future Capital, ICICI Sec, and Kotak Sec.
Nikhil Ranka brings over 18 years of investment experience. Prior to joining Nuvama, he led the equity investment team at Reliance Industries’ treasury for over five years. Earlier in his career, he worked as an investment research analyst at Lloyd George Management for 5 yrs. He had stints with Future Capital, ICICI Sec, and Kotak Sec.
IME's Review of Nuvama Alternatives
| AMC Rating | Pedigree Rating | Team Rating | Philosophy Rating |
|---|---|---|---|
Upgrade | Upgrade | Upgrade | Upgrade |
View on AMC
Nuvama Alternatives offers a range of alternative strategie, which include offerings in late-stage Private Equity, Venture Debt & listed equity strategies. These funds were part of the carve out of Edelweiss AMC, as part of the sale of the wealth management business to Nuvama.
AMC's Pedigree
Nuvama Asset Management sits within the broader Nuvama Group, which has transitioned from its Edelweiss lineage into a focused wealth and asset-management institution with strong capital-markets, structuring, and institutional distribution capabilities
AMC Team
Nuvama has a diversified investment team aligned to the wide range of strategies it offers. The platform is structured around specialised teams for different investment categories, supported by a well-developed central research capability.
Investment Philosophy
Nuvama follows a flexible investment philosophy at the AMC level, with frameworks tailored to the specific strategy and the expertise of the respective investment teams
Investment Strategy
Nuvama EDGE (Enhanced Dynamic Growth Equity) Fund is a Category III AIF that employs a multi-strategy approach to generate consistent, risk-adjusted returns while managing volatility. The fund integrates long-term equity investing, opportunistic trading, and hedging strategies, aiming to outperform equity markets with lower drawdowns.
Core Investment Approach
Three-Pronged Investment Strategy:
- Fundamental Long Positions:
- 20-30 high-quality stocks, held for over one year.
- Focus on sectors with strong structural growth themes.
- Opportunistic Trades:
- Tactical short-term trades (holding period <1 year) to capitalize on market trends.
- Uses a mix of cash equities and derivatives.
- Hedging Strategies:
- Stock and index derivatives to protect against market downturns.
- Exposure up to 80% of portfolio value.
Risk-Optimization
- Limits downside risk during market corrections while enhancing alpha generation.
- Active position sizing ensures liquidity and flexibility.
- Dynamic rebalancing to adapt to changing market conditions.
AMC Background
Nuvama is a prominent asset management company in India, offering a diverse range of alternative investment solutions across private equity, listed equity alternatives, and structured solutions. With an AUM exceeding ₹11,000 crore and a client base of over 4,000 investors, Nuvama has established itself as a leader in the alternatives space
Investment Philosophy
- Core Philosophy: Nuvama's investment philosophy revolves around a multi-asset, multi-market approach, offering clients diversified exposure across equities, commodities, alternatives, real estate, fixed income, and currencies.
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