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ValueQuest Platinum

AUM (2892 cr) | Inc Date (24-Jul-2014)

Scheme Rating

IME Scheme Rating

3 of 5 stars

A concentrated strategy run by an established AMC with an experienced investment team. However, a 5 cr min investment can prove to be a detterent for many investors. This higher min investment limit on Platinum, is also the primary driver of it’s lower rating compared to it’s other strategy ValueQuest Growth.

IME Strategy Rating

3 of 5 stars

ValueQuest Platinum is more actively managed than ValueQuest Growth, with a focus on companies with a strong 1-3 year investment case. The strategy takes highly concentrated positions in top investment ideas (~20 companies). The high levels of concentration, can lead to a high level of performance volatility, making it more suitable for aggressive investors.

AMC Rating

4 of 5 stars

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

ValueQuest is a founder-managed PMS provider with an experienced fund management team and a strong 10-year track record. The AMC leverages the Dharamshi families much longer-term track record spanning multi-decades in the broking business.

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).

VQ Platinum Strategy

ValueQuest Platinum is a concentrated multi-cap strategy with an investment horizon of 1-3 years for companies. The strategy aims to invest in fundamentally sound companies as per ValueQuest framework that have sector tailwinds, and also in special situations.

Investment Philosophy

FRAMEWORK

  • Opportunity Size: driven by rich in possibilities, high earnings growth, longevity, predictability and scalability
  • Competitive advantage: through networks, IP, regulation, brand, cost structure and switching cost
  • Scalability & Sustainability: driven by replicability, market adjacencies, technology adoption, and reach
  • Management: look for competent management and efficient capital allocators, with aligned interests 
  • Asymmetric Risk-return: through operating leverage, S-curve, and numbers vs narrative

Investment Process

  • Top-down Approach: Supportive macros, improving competitive positioning and developing business tailwinds
  • Bottom-up Approach: Proactive management, strong balance sheet, and attractive risk-return

FILTERS

  • Universe: 500-600 companies based on quality filter through balance sheet strength, management capabilities and competitive positioning
  • Focus Companies: 150-200 companies based on growth filter drive by industry tailwinds, increasing market share, improvement in P/L and balance sheet.
  • Core: 30-50 companies with favourable risk-reward, perception with market and margin of safety

Trailing Performance

1yr 3yr 5yr Since Inception
ValueQuest Platinum -0.6 16.9 35 19.4
S&P BSE 500 4.5 13.7 22.2 13.7
Alpha over Broad Mkt BM -5.1 3.2 12.8 5.7
Nifty Midcap 150 5.2 21.1 31
Alpha over Category BM -5.8 -4.2 4

Performance as of: 30-Apr-25 | Inception Date: 24-Jul-14

Fund Managers

Ravi Dharamshi | 4-star rated FM

Co-Founder and Portfolio Manager | 22 yrs Experience | 18 yrs at current firm

Past Experience: Analyst (RARE Enterprises)

Ravi Dharamshi is the Founder & CIO of ValueQuest Investment Advisors. He has an MBA in Finance from McCallum Business School, US. He returned from the US after a brief internship stint at Salomon Smith Barney. He has been associated with the Indian stock markets for over 21 years. After graduating, he worked his way up through the stock market business, spending four years at RARE Enterprises under the aegis of Rakesh Jhunjhunwala and Utpal Sheth, where he was involved with in-depth research and private equity deals.

Sameer Shah | 4-star rated FM

Co-Founder and Portfolio Manager | 26 yrs Experience | 16 yrs at current firm

Past Experience: Head Business Development (Centrum)

Sameer Shah is the Co-Founder and Portfolio Manager of ValueQuest. He holds a Chartered Accountancy degree with over 22 years of capital markets experience. Previously, he was vice president of business development at FCH Centrum, BRICS Securities, and Share.

Varun Goenka | 4-star rated FM

Portfolio Manager | 21 yrs Experience | 4 yrs at current firm

Past Experience: Co-Fund Manager (Nippon India AMC), Senior Analyst (JM Financial)

Varun Goenka is the Managing Partner and Portfolio Manager at ValueQuest. He has 19 years of experience and prior to ValueQuest, He has stints withh Anand Rathi Securities (Trader), JM Financial (Sr. analyst) and Nippon AMC (Fund Manager).

Fee Structure

Fee Structure Fee
Fixed Fee Structure 2.5
Variable Fee Structures 1.5% fixed + 15% performance above 10% hurdle
Exit Fees 1yr(1%), 2yr(1%), 3yr(1%)

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