Scheme Rating
IME Scheme Rating
Good Option for Investors looking for mid and small-cap focused strategy: 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.
IME Strategy Rating
Small and Mid Focussed Value Strategy: 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. Strong value focus (undervalued, underperforming & under-owned stocks) is a core differentiator and is well articulated.
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 Valentis Rising Star Opportunity
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 | 38.7 | 25.1 | 38.3 | 22.1 |
S&P BSE 500 TRI | 41.1 | 18.4 | 22.4 | 17.4 |
Alpha over Broad Mkt BM | -2.4 | 6.7 | 15.9 | 4.7 |
Nifty Smallcap 250 | 50.5 | 25.3 | 31.2 | |
Alpha over Category BM | -11.8 | -0.2 | 7.1 |
Performance as of: 30-Sep-24 | Inception Date: 30-Sep-16
Fund Managers
Jyotivardhan Jaipuria | 5-star rated FM
Founder and MD | 39 yrs Experience | 9 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.
Fee Structure
Fee Structure | Fee |
---|---|
Fixed Fee Structure | 2.5 |
Variable Fee Structures | 1.5% fixed + 15% above 10% hurdle |
Exit Fees | 1yr(3%), 2yr(2%), 3yr(1%) |
AMC
AMC: Valentis PMS (click link for detailed AMC review)
Highly recommended for aggressive investors looking for Multi Cap strategies with Small Cap bias: Valentis PMS with its distinct investment philosohpy and FM credential is a highly credible PMS provider. The strong research pedigree of its founder (even as his fund management experience is relatively recent), along with a strong focus on value investing, makes this a decent option for investors seeking to invest in value stocks.
AMC Rating
AMC Pedigree
AMC Size
Team Pedigree
Inv Philosophy
Performance
Free 30-Day Trial of the IME RMS
Details shared above, are only a short-snapshot of the more detailed analysis that resides in IME’s Proprietary RMS (Research Management Solution).
The IME RMS is the first tool ever, to give investors direct access to the insights of the central research team. Investors gain direct access to our ratings, rating rationales & analysis across thousands of funds (MFs, PMSs, AIFs, Global funds), asset classes, categories & 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.