Scheme Rating
IME Scheme Rating
The Scheme does not meet our selection criteria at this time
Not a recommended 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.
IME Strategy Rating
Strategy Definition not as tight as our preferences: A fairly diversified strategy with 25-35 stocks in the portfolio each having distinct characteristics, operating in different enviroment, giving an all-round character to the portfolio. The portfolio would be constructed on a bottoms-up basis across sectors and market caps. But the strategy is not tightly defined, which does have it’s pros & cons. While a loosely defined strategy does allow the fund manager the flexibility to change portfolio positioning based on the market environment, we prefer greater clarity on how the portfolios are likely to be constructed.
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 Tata AMC ACT Investment
Tata ACT- Investment Strategy
Tata ACT is a multi-cap strategy. Portfolio would be constructed on a bottoms-up basis across sectors and market cap. All weather stocks, growth at a reasonable price, and turnaorund candidates with catalyst.
Trailing Performance
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| Tata AMC ACT Investment | 35.1 | 17.7 | 21.3 | 17.8 |
| S&P BSE 500 TRI | 41.1 | 18.9 | 22.9 | 20.6 |
| Alpha over Broad Mkt BM | -6 | -1.2 | -1.6 | -2.8 |
| Nifty 500 | 40.2 | 17.7 | 21.5 | |
| Alpha over Category BM | -5.1 | 0 | -0.2 |
Performance as of: 31-Aug-24 | Inception Date: 12-Feb-19
Fund Managers
Tejas Gutka | 2-star rated FM
Head of Portfolio Management | 18 yrs Experience | 5 yrs at current firm
Past Experience: Portfolio Manager & Head of Equitiy (Tamohara Investment Managers), Head of Research (tamohara Investment Managers), Assistant VP -Investment Advisory Services (Barclays Wealth and Investment Management), Assistant VP, Research (Barclays Wealth and Investment Management), Manager (CARE Ratings)
Tejas Gutka comes with 14 years of experience, started as a Credit Rating Analyst at CARE Rating. He later went to take the role of Equity Research Analyst at Barclays Wealth and Investment Management and Portfolio Manager at Tamohara Investment Managers before joining Tata PMS in December 2019.
Harsh Agarwal | 3-star rated FM
Fund Manager | 22 yrs Experience | 6 yrs at current firm
Past Experience: Portfolio Manager (Reliance Securities), Principal Research Analyst (Vistasoft India)
Harsh Agarwal is a specialist in equity hedge fund strategies. He joined Tata Asset Management in November 2018 as Head of Alternative Strategies. Started the alternatives business with launch of Tata Absolute Return Fund in April 2019. Through Tata Absolute Return Fund, Harsh introduced the Equity market-neutral investing strategy to the investor community. His prior stint includes working as Portfolio Manager‚ Equity long/short strategy at Reliance Securities where he managed equity long/short portfolio and generated consistent high returns. Harsh received his training in equity investments and hedging strategies while working for Deutsche bank’s trading desk and Roc Capital Management USA. He is an MBA (Finance) from Symbiosis, Pune and also done courses in Certified Portfolio Manager and Certified Treasury Manager from The Institute of Chartered Financial Analysts of India University.
Fee Structure
| Fee Structure | Fee |
|---|---|
| Fixed Fee Structure | 2.5 |
| Variable Fee Structures | |
| Exit Fees | 1yr(3%), 2yr(2%), 3yr(1%) |
AMC
AMC: Tata AMC PMS (click link for detailed AMC review)
Not a top recommendation due to being an MF-driven PMS: Typically MF driven PMS's benefit from the distribution & research strengths of the mutual fund. However, Tata MF has struggled to scale relative to the value of its brand and the PMS division is more an off-shoot than a strong independent arm. Until the PMS business is not more clearly defined and given a greater degree of focus, we do not recommend investments in Tata PMS.
Tata AMC PMS does not meet our criteria for PMS AMC Selection at this time. Understand our AMC rating criteria at AMC Rating Criteria or contact us via the LiveChat to learn more.
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.