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Unifi Blended Rangoli AIF

AUM ( cr) | Inc Date (1-Feb-2019)

Scheme Rating

IME Scheme Rating

5 of 5 stars

Unifi Umbrella Blend Fund 2 is a good thematic/multi-cap strategy backed by a credible team, AMC pedigree and more than a decade of running/identifying successful themes.

IME Strategy Rating

5 of 5 stars

Umbrella Blend Fund 2 cherry-picks the best opportunities from across seven themes that Unifi manages — Spin-off, Deep Value, Hold Co, APJ20, Green, Insider Shadow, and BCAD. The portfolio is likely to have around 15-20 holdings in the strategy. They have a tightly defined thematic investment portfolios. Unifi’s Umbrella funds aims to invest in what they perceive to be the best opportunities across the 7 thematic strategies that they run. Since the 7 thematic strategies does lead to a reasonably large investment universe, this may be considered more of a ‘best-ideas’ fund, as compared to a tightly defined thematic strategy.

AMC Rating

5 of 5 stars

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

Unifi’s unique thematic investment approach and experienced in-house team have positioned them as a leading player in the PMS market, allowing them to successfully deliver consistent results across various strategies and achieve significant growth.

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

Unifi Blended Rangoli AIF cherry-picks the best opportunities from across seven thematic funds that Unifi manages. The strategy looks for opportunities that arise from a blend of emergent themes, corporate actions, and attractiveness of core fundamentals. The portfolio is likely to have around 15-20 holdings in the strategy. The seven themes from which the fund picks their best opportunities are as follows:

  1. Spin-off: Corporate action leading to mispricing in a special situation
  2. Deep Value Discount (DVD): Deep discount to intrinsic value due to inadequate understanding of the business, relatively low market cap, and liquidity, or lack of correlation to benchmark indices. DVD invests in such businesses and exploits market inefficiencies
  3. Hold co: Identifies strong underlying businesses and looks for massive valuation discounts that are likely to recover as promoters feel the heat of change in the regulatory landscape
  4. APJ20: Sectors that become globally competitive and are privy to an expanding market opportunity. APJ20 theme selects firms that have evolved and are in a ripe position to benefit from such growth prospects.
  5. Green: Focus on companies that provide products and services that help in reducing the carbon footprint in the environment and/or result in more efficient use of natural resources. Sectors identified are – emission control, energy efficiency, water management, and waste management.
  6. Insider Shadow: Invests in companies in which founders have acquired a meaningful quantity of additional shares at market prices.
  7. BCAD: Focus is on established companies in the specific sector that are leading the migration of market share from unorganized to organized players. Powerful trends are driving the shift in the balance of competitive advantage in favor o organized businesses. 

Trailing Performance

1yr 3yr 5yr Since Inception
Unifi Blended Rangoli AIF -0.5 10.3 12.8
S&P BSE 500 4.8 12.3 14.4
Alpha over Broad Mkt BM -5.3 -2 -1.6
S&P BSE 500 4.8 12.3
Alpha over Category BM -5.3 -2

Performance as of: 31-Mar-25 | Inception Date: 01-Feb-19

Fund Managers

Sarath K Reddy | 5-star rated FM

CIO | 35 yrs Experience | 24 yrs at current firm

Past Experience: Navia Markets (MD), Stan C (Manager)

Having started his career with Standard Chartered Bank, Sarath founded Unifi Capital in 2001 and has since built the company into one of the leading PMS providers in India. As CIO, he works closely with his investment team to deliver outperformance on Unifi PMS strategies.

Baidik Sarkar | 4-star rated FM

Fund Manager | 18 yrs Experience | 17 yrs at current firm

Past Experience: Unifi (Corporate Finance), PWC (Strategy Consultant)

Baidik has been with Unifi for over a decade, with core responsibilities of research in the IT, real-estate and the agricultural sectors and assisting the CIO in managing the spin-off and APJ funds.

Fee Structure

Fee Structure Fee
Fixed Fee Structure 2
Variable Fee Structures 1.5% + 10% over 10% hurdle
Exit Fees

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