Piper Serica Leader
Our view on the fund, the AMC, the strategy, the performance & the investment team.
IME's Review of Piper Serica Leader
| Fund Rating | Strategy Rating | Performance Rating |
|---|---|---|
Upgrade | Upgrade | Upgrade |
View on the 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 fund universe.
Strategy
Fund's Strategy View
Piper Serica Leader Portfolio Strategy identifies Fast Growing Sectors that are benefitting from changing demographic profiles and consumption patterns. The aim is to invest in Leaders in these identified sectors that can compound earnings for a very long period with very little business volatility. The investment strategy is clearly defined and is also adhered to in practice.
Fund Performance
The fund has underperformed peers & is amongst the worst performing schemes in this category in the last 5 year trailing returns. In terms of longer-term annual performance, performance has been consistent, with the fund having outperformed it's benchmark in over 60% of annual calendar years.
Trailing Performance
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| Piper Serica Leader | 7.9 | 18.7 | 13.5 | 15.1 |
| S&P BSE 500 | 6.5 | 15 | 15 | 13.7 |
| Alpha over Broad Mkt BM | 1.4 | 3.7 | -1.5 | 1.4 |
Performance as of: 31-Jan-26 | Inception Date: 26-Jun-19 | Performance are post-fees, pre-taxes. Global funds denominated in USD or fund currency.
Investment team
Abhay Agarwal | 4-star rated FM
MD & CIO | 32 yrs Experience | 23 yrs at current firm
Past Experience: Director (JP Morgan Partners, Singapore), AVP (Citibank India)
Abhay Agarwal is an experienced CIO (with past experience as Director at JP Morgan PE Asia), as seen with his long-standing association with Piper Serica Advisors. His experience across market cycles is valuable to Piper Serica's top-down approach to investing in their strategies.
IME's Review of Piper Serica PMS
| AMC Rating | Pedigree Rating | Team Rating | Philosophy Rating |
|---|---|---|---|
Upgrade | Upgrade | Upgrade | Upgrade |
View on AMC
Piper Serica, led by an experienced CIO with a clear and disciplined investment philosophy, has built a strong foundation for its PMS business. Despite being a relatively young platform, it has demonstrated consistent performance and operational maturity. Given the progress in track record and scale, Piper Serica can now be considered for investment
AMC's Pedigree
Piper Serica has been operating for over 15 years, initially focusing on advisory services such as cross-border M&A and managing personal investments. In 2017, they obtained an RIA license and in March 2019, they received their PMS license. The PMS service is still new and we recommend waiting for it to grow and prove its quality.
AMC Team
The founder & CIO has over 25 years of investment experience and is a seasoned professional in the field.
Investment Philosophy
Piper Serica invests in sector leaders in growing industries, using a rigorous research process to ensure sustained leadership positions.
AMC Background
Piper Serica has been operating for over 15 years, initially focusing on advisory services such as cross-border M&A and managing personal investments. In 2017, they obtained an RIA license and in March 2019, they received their PMS license. The PMS service is still new and we recommend waiting for it to grow and prove its quality.
Investment Philosophy
Piper Serica invests in sector leaders in growing industries, using a rigorous research process to ensure sustained leadership positions.
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