Unique AMC Strategic
Our view on the fund, the AMC, the strategy, the performance & the investment team.
IME's Review of Unique AMC Strategic
| Fund Rating | Strategy Rating | Performance Rating |
|---|---|---|
Upgrade | Upgrade | Upgrade |
View on the Fund
While the AMC has established scale and shown a good start in the performance of the strategy, we would wait for the strategy to mature since the fund has not operated in a prolonged mid and small cap downturn yet.
Strategy
Concentrated Mid & Smallcap portfolio
Fund's Strategy View
Invest in businesses that the fund managers understand and not overpay. The philosophy is built around the view of business ownership (silent partners) with an investment horizon of 3-5 years. The strategy follows a concentrated approach (inclination towards Mid to Small cap) with 20-25 companies in the portfolio. The Strategy targets neglected and unpopular sectors, seeking opportunities to acquire assets below fair prices relative to their growth, historical performance, and industry peers. This approach positions them to unlock value in areas where others may overlook potential.
Fund Performance
The fund has outperformed peers & is amongst the top performing schemes in this category in the last 5 year trailing returns. In terms of longer-term annual performance, performance has been highly consistent, with the fund having outperformed it's benchmark in over 80% of annual calendar years.
Trailing Performance
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| Unique AMC Strategic | 2.9 | 26 | 27.8 | 29.9 |
| S&P BSE 500 | 6.5 | 15 | 15 | 16.1 |
| Alpha over Broad Mkt BM | -3.6 | 11 | 12.8 | 13.8 |
| Nifty Midcap 150 | 8.3 | 22.8 | 22.2 | |
| Alpha over Category BM | -5.4 | 3.2 | 5.6 |
Performance as of: 31-Jan-26 | Inception Date: 20-Dec-19 | Performance are post-fees, pre-taxes. Global funds denominated in USD or fund currency.
Investment team
Sunil Kothari | 4-star rated FM
Portfolio Manager | 38 yrs Experience | 7 yrs at current firm
Past Experience: Partner (Unique Investment Advisors)
Sunil Kothari has 3 decades of experience. He is an experienced broker having worked at Unique Investment Consultancy for 20 years. He is also CA.
Ketan Gopani | 3-star rated FM
Portfolio Manager | 36 yrs Experience | 121 yrs at current firm
Past Experience: Partner (Unique Investment Advisors)
Ketan Gopani has 3 decades of experience. He is an experienced broker having worked at Unique Investment Consultancy for 20 years. He is also CA.
IME's Review of Unique AMC PMS
| AMC Rating | Pedigree Rating | Team Rating | Philosophy Rating |
|---|---|---|---|
Upgrade | Upgrade | Upgrade | Upgrade |
View on AMC
Unique AMC has had a strong start - with strong performance since inception and being able to achieve a reasonable level of scale. Our main concern is that the investments team does not have a past public fund management track record, and the strategies performance in a prolonged market downturn is untested.
AMC's Pedigree
Unique AMC comes with a broking heritage (Unique Investment Consultancy) and they launched their PMS business in 2019. While they have done well in initial years, we have not yet seen how the strategies perform in downcycles .
AMC Team
Senior FM's Ketan Gopan and Sunil Kothari have over 30 years of experience in equity broking, but less in equity fund management. The skills needed for success in each field can differ, so we will wait for Unique team to establish a track record in PMS strategies for a more thorough evaluation of their fund management abilities.
Investment Philosophy
Invest in businesses that fund managers understand, avoid overpaying, and focus on long-term business ownership. Strategy involves owning 15-25 companies for 3-5 years.
AMC Background
Unique PMS was established in 2019 and is headquartered in Mumbai. A defining characteristic of Unique’s AMC identity is the principle of complete alignment: the founders and investment team invest their own wealth in the same stocks, strategies, and funds as their clients The AMC is driven by Senior FM's Ketan Gopan and Sunil Kothari have over 30 years of experience in equity broking, but less in equity fund management..
Investment Philosophy
Owner’s Mindset and Business-Centric Investing
Unique approaches equity investing through the lens of business ownership. Each stock is evaluated as a long-term participation in a business run by capable and ethical management, with a focus on durability of cash flows, balance sheet strength, and reinvestment capability. This mindset encourages patience during periods of volatility and reduces behavioural errors associated with short-term price movements.
Customised Portfolio Construction
Portfolio construction is intentionally customised at the client level, reflecting the firm’s belief that a one-size-fits-all approach is suboptimal for long-term wealth creation. Asset allocation, position sizing, and risk exposure are tailored based on individual client circumstances while remaining anchored to the same underlying philosophy.
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