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Purnartha Vision

AUM (247 cr) | Inc Date (28-Jul-2021)

Scheme Rating

IME Scheme Rating

3 of 5 stars

While it is still early days of the strategy, we are confident that the team will replicate their performance in their PMS fund as well. We recommend the strategy, however, investors should note that the strategy has higher than usual concentration even within the PMS-AIF universe.

IME Strategy Rating

3 of 5 stars

Purnartha Vision is a highly concentrated multi-cap portfolio (10-15 holdings) that aims to identify long term investments with high growth potential and strong balance sheets. Purnartha’s focus on concentration in scalable businesses with great operating history and management capability is an attractive strategy.

AMC Rating

3 of 5 stars

AMC: Purnartha PMS (click link for detailed AMC review)

Established in 2011 as a RIA, Purnartha has a strong research background and stock selection. Despite being new in PMS and AIF offerings launched in 2020, the AMC and team have a good pedigree. Their research is skilled in identifying quality ideas, but the high level of concentration makes it more suitable for higher-risk investors.

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).

Investment Strategy

    • Concentrated Multi-Cap Portfolio: Invests in 10-15 carefully selected stocks across large-cap, mid-cap, and small-cap segments, ensuring a balanced exposure to various market capitalizations.

    • Three-Driver Philosophy: Utilizes a comprehensive approach focusing on:
        1. Volume Growth: This strategy targets companies with a minimum of 10% volume growth, which indicates robust demand and scalability.
        2. Margin Expansion: Seeks businesses capable of improving operating margins, and enhancing profitability.
        3. Valuation: Employs proprietary valuation methods to identify undervalued opportunities with potential for appreciation.

    • Sector-Agnostic Selection: Prioritizes non-cyclical companies with strong fundamentals, irrespective of the industry, to mitigate sector-specific risks.

    • Net Cash Companies: Focuses on businesses with zero net debt, ensuring growth is funded by internal accruals rather than leverage, thereby reducing financial risk.

Trailing Performance

1yr 3yr 5yr Since Inception
Purnartha Vision 13.4 12.2 12.3
S&P BSE 500 8.4 12.7 16
Alpha over Broad Mkt BM 5 -0.5 -3.7
S&P BSE 500 8.4 12.7
Alpha over Category BM 5 -0.5

Performance as of: 31-Jan-25 | Inception Date: 28-Jul-21

Fund Managers

Rohit Jain | 3-star rated FM

Fund Manager | 17 yrs Experience | 4 yrs at current firm

Past Experience: Lead analyst(Crisil Global)

Fund Manager Profile: Rohit is a Chartered Accountant and holds a Post-graduate diploma in Business Management. He has worked with CRISIL (an S&P Global Company) and Systematix Shares among others and carries over 13 years of experience in Equity Research for Institutional investors. Over the years, he has built extensive knowledge in financial modeling and valuations with sector expertise across major industries. Rohit also keeps himself updated on the latest developments on taxation, auditing, and compliance, which only adds to his existing wealth management and market know-how.

Fee Structure

Fee Structure Fee
Fixed Fee Structure
Variable Fee Structures Option 1: 2.5% fixed + 20% above 25% hurdle | Option 2: 1.5% fixed + 20% over 10% hurdle
Exit Fees

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