Scheme Rating
IME Scheme Rating
Highly Recommended Flexi-cap Strategy: Unifi Rangoli is a good thematic/multi-cap strategy backed by a credible team with more than a decade of experience in running/identifying successful themes, and AMC pedigree.
IME Strategy Rating
Concentrated Defined Thematic Investment Strategy: Rangoli Fund 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. It is a tightly defined thematic investment portfolios. Unifi’s Rangoli 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.
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 Unifi Blended Rangoli
Investment Philosophy
Unifi Blended – Rangoli Fund 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:
- Spin-off: Corporate action leading to mispricing in a special situation
- 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
- 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
- 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.
- 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.
- Insider Shadow: Invests in companies in which founders have acquired a meaningful quantity of additional shares at market prices.
- 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 | 26.1 | 15.2 | 31.5 | 22.6 |
S&P BSE 500 TRI | 41.1 | 18.4 | 22.4 | 17 |
Alpha over Broad Mkt BM | -15 | -3.2 | 9.1 | 5.6 |
Nifty 500 | 40.2 | 17.2 | 21 | |
Alpha over Category BM | -14.1 | -2 | 10.5 |
Performance as of: 30-Sep-24 | Inception Date: 07-Jun-17
Fund Managers
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.
Sarath K Reddy | 5-star rated FM
CIO | 35 yrs Experience | 23 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.
Fee Structure
Fee Structure | Fee |
---|---|
Fixed Fee Structure | 2 |
Variable Fee Structures | 1.5% fixed + 20% above 10% hurdle |
Exit Fees |
AMC
AMC: Unifi PMS (click link for detailed AMC review)
Highly recommended for aggressive investors seeking thematic strategies: A clearly differentiated thematic investment approach, helps Unifi occupy its own specific position in the market. Consistent delivery across multiple thematic strategies, with a stable home-grown investment team, has helped them scale into one of the largest PMS players in the market.
AMC Rating
AMC Pedigree
AMC Size
Team Pedigree
Inv Philosophy
Performance
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