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Spark Asia India@75 Core & Satellite

Scheme Rating

IME Scheme Rating

The Scheme does not meet our selection criteria at this time

Do Not Recommendation Spark- India at 75 Core and Satellite: because Spark PMS does not meet our AMC selection criteria at this time.

IME Strategy Rating

Flexi-Cap Strategy: Spark seeks to invest in a portfolio composed of 12-18 stocks built using a Flexicap approach. The Core of the portfolio is strategic while the Satellite component of the portfolio focuses on tactical capital deployment

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).

IME View on Spark Asia India@75 Core & Satellite

Type: Flexi Cap | GARP | AUM (299.8 cr) | Inc Date (20 Jun 2019)

Spark India at 75 Core and Satellite- Investment Strategy

Spark India at 75 Core and Satellite is a multi-cap strategy. Portfolio composition of between 12-18 stocks built using a flexicap approach. Core of the portfolio is strategic while the satellite component of the portfolio focuses on tactical capital deployment.

Trailing Performance

1yr 3yr 5yr Since Inception
Spark Asia India@75 Core & Satellite 45.9 24.3 24.7
S&P BSE 500 TRI 34.7 18 15.5
Alpha over Broad Mkt BM 11.2 6.3 9.2
Nifty 500 33.8 16.9
Alpha over Category BM 12.1 7.4

Performance as of: 31-May-24 | Inception Date: 20-Jun-19

Fund Managers

P. Krishnan | 4-star rated FM

CIO

Past Experience: Manager (Carlson Funds and DNB Asset Management, Norway) ,Fund Manager (Kothari Pioneer Bluechip Fund aka Franklin Indian Bluechip Fund), Manager (SBI Mutual Fund)

Krishnan has about 3 decades of experience in asset management and equities. He has experience in regional emerging markets such as China, Taiwan, Korea and the ASEAN region. He was the manager of India’s first bank-sponsored mutual fund scheme (SBI Mutual Fund) between 1990 and 1992. He was also the fund manager of India’s first private sector mutual fund Kothari Pioneer Bluechip Fund which is now Franklin India Bluechip. During his stint with DNB Asset Management, Norway, Krishnan had gained great experience in the Asian EMs.

Fee Structure

Fee StructureFee
Fixed Fee Structure1.1
Variable Fee Structures0% fixed + 10% between 12-15% hurdle
Exit Fees

AMC

AMC: Spark Asia PMS (click link for detailed AMC review)

Not a top recommendation as it is still a young AMC at this time : Spark Capital is still too nascent as a PMS provider to recommend investments in. It does have a few positives for it to emerge as a credible player in the future (a strong niche institutional equities business, a highly seasoned CIO), though we would ideally recommend investors wait for their longer-term track record to be more firmly established, along with a more clearly defined investment philosophy.

AMC Rating

3 of 5 stars

AMC Pedigree

3 of 5 stars

AMC Size

3 of 5 stars

Team Pedigree

4 of 5 stars

Inv Philosophy

2 of 5 stars

Performance

2 of 5 stars

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