Scheme Rating
IME Scheme Rating
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
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
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
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- 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.
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- Three-Driver Philosophy: Utilizes a comprehensive approach focusing on:
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- Volume Growth: This strategy targets companies with a minimum of 10% volume growth, which indicates robust demand and scalability.
- Margin Expansion: Seeks businesses capable of improving operating margins, and enhancing profitability.
- Valuation: Employs proprietary valuation methods to identify undervalued opportunities with potential for appreciation.
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- Three-Driver Philosophy: Utilizes a comprehensive approach focusing on:
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- Sector-Agnostic Selection: Prioritizes non-cyclical companies with strong fundamentals, irrespective of the industry, to mitigate sector-specific risks.
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- 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 | |
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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 |
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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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Details shared above, are only a short-snapshot of the more detailed analysis that resides in IME’s Proprietary RMS (Research Management Solution).
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Note: PMS AMC & Scheme Reviews and Ratings are based on IME Capital’s Proprietary Review and Rating Methodology (read more here: AMC Rating & Scheme Ratings). These reflect the unbiased views of our central research team, based on our assessment of the investment value of these PMS/AIF strategies for our investors. We follow a highly stringent rating-criteria, where approximately 50% of PMS AMC’s & strategies would be rated 2-star or below (this is not meant to indicate that these funds are not investment-worthy, but that they do not currently fulfill the requirements we focus on for recommending funds to our investors — based on our internal views on the merit of the AMC/strategy relative to peers). Reviews & Ratings are primarily based on research of publicly available information (SEBI disclosures, PMS websites, PMS-aggregation platforms, webinar recording, media interviews etc.) and no explicit consent is required from AMCs for the same. While we endeavour to do further due-diligence via direct interactions with the investment teams of AMCs, this is typically restricted to AMC’s that meet our foundational fund selection criteria (reviews on lower-rated AMCs are often based solely on publicly available information). The views reflected in our Reviews & Ratings, are our independent views and may not be shared by the AMC’s and the investment teams. Please read detailed disclaimer for more.