Valentis Rising Star Opportunity
Valentis PMS | Equity | | PMSIME's View on Valentis Rising Star Opportunity
Strategy
Small and Mid Focussed Value Strategy
Investment Fund
The strategy has worked well since inception. The strategy's aim to identify companies that are undervalued, underperformed, and under-owned fit well in the mid and small-cap space to find multi-baggers. Valentis Rising Star managed by Jyothivardan Jaipuria is truly a value-oriented strategy.
Fund's Strategy View
Valentis ‘Rising Stars Opportunity’ is a small & mid-cap focussed value strategy. The strategy has categorically defined and focuses on the 500-10,000 cr market cap companies. Valentis follow a 3 “U” Philosophy – aiming to buy stocks that are undervalued, underperforming and under-owned.
Fund Performance
The fund has outperformed peers in the last 5 year trailing returns. In terms of longer-term annual performance, performance has been consistent, with the fund having outperformed it's benchmark in over 60% of annual calendar years.
IME's View on Valentis PMS
View on AMC
Valentis PMS is a highly credible provider with a distinct investment philosophy and FM credential. Founded by Jyotivardhan Jaipuria (a seasoned equity strategist) who has developed his fund management experience at Valentis, Valentis PMS focuses on value investing making it a good option for investors interested in value stocks.
AMC's Pedigree
Valentis PMS, founded in 2016, is a credible niche PMS AMC with a seasoned and respected equity strategist as its founder and CIO. They have a clearly defined and differentiated investment philosophy, ensuring longer-term stability in their processes.
AMC Team
Jyotivardhan Jaipuria, a seasoned equity strategist with over 2 decades of experience at DSP Merrill Lynch, founded Valentis PMS. He brings stability to the investment team, which includes a head of research, a senior research analyst, and 2 junior analysts. His longer-term track record of managing funds is still being established.
Investment Philosophy
Valentis's value philosphy is well articulated, within it's 3U (undervalued, underperforming & under-owned) Investment Framework. This strong value focus is a key differentiator and is well articulated.
Investment Philosophy
Valentis 'Rising Stars Opportunity' is a small & mid-cap focussed value strategy. The strategy has categorically defined and focusses on the 500-10,000 cr market cap companies on the back of very low FII presence in the same. Valentis Advisor’s follow a 3 “U” Philosophy – aiming to buy stocks that are undervalued, underperforming and under-owned. There is a strong research focus, with an aim to make long-term investments in stocks that are at an ‘inflection point’ in their earnings cycle. Valentis is not willing to pay exorbitant valuations for growth. GARP is their motto.INVESTMENT PROCESS
- Search Strategy (from 500-600 company universe): based on macro approach (through global indicators, macroeconomic analysis and industry analysis) along with bottom-up qualitative approach screening for reasonable valuation, history of earnings growth & return ratios, and debt gearing & free cash flows.
- Fundamental Research (80-100 companies): this step covers due diligence (management meetings, porter analysis, meetings with competitors, and value chain), research and modeling, and the valentis' 3 Us
- Portfolio Construction (15-20 companies): constant monitoring of growth parameters and valuation parameters to ensure risk-return trade-off.
Trailing Performance
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| Valentis Rising Star Opportunity | -15.1 | 17.7 | 30.2 | 17.3 |
| S&P BSE 500 | -6.6 | 14.7 | 19.2 | 14.6 |
| Alpha over Broad Mkt BM | -8.5 | 3 | 11 | 2.7 |
| Nifty Smallcap 250 | -9.3 | 21.5 | 27.2 | |
| Alpha over Category BM | -5.8 | -3.8 | 3 |
Performance as of: 30-Sep-25 | Inception Date: 30-Sep-16 | Performance are post-fees, pre-taxes. Global funds denominated in USD or fund currency.
Investment team
Jyotivardhan Jaipuria | 4-star rated FM
Founder and MD | 40 yrs Experience | 10 yrs at current firm
Past Experience: Manager Director (Bank of America Merrill Lynch), Manager (ICICI Bank)
Jyotivardhan Jaipuria comes with more than 2 decades of experience. He was the Head of Research and strategist for India at Bank of America Merrill Lynch. He helped build the research team as the leading research provider in India as well as one of the top institutional brokers in the country. As a strategist, he was rated amongst the top strategists in India by leading institutional investors in India. Jyotivardhan has also served as a member of the Board of Directors of DSP Merrill Lynch, the Asia Pacific Research Executive Committee and Operating Committee, the India Country Leadership Team (CLT) and other management committees. Prior to DSP Merrill Lynch, he worked in ICICI in the Project Financing Department. Jyotivardhan graduated in Commerce (B.Com) from Sydenham College and has an MBA from the Indian Institute of Management, Ahmedabad.
