Scheme Rating
IME Scheme Rating
Reasonable Investment Option: 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
Concentrated investments in mid-term value creators: 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.
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 ValueQuest Platinum
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 | 44.2 | 28.5 | 38.8 | 22.9 |
S&P BSE 500 TRI | 41.1 | 18.4 | 22.4 | 15.6 |
Alpha over Broad Mkt BM | 3.1 | 10.1 | 16.4 | 7.3 |
Nifty Midcap 150 | 47.4 | 25.2 | 30.4 | |
Alpha over Category BM | -3.2 | 3.3 | 8.4 |
Performance as of: 30-Sep-24 | 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 | 25 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.
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%) |
AMC
AMC: ValueQuest PMS (click link for detailed AMC review)
Highly recommended for a more aggressive and concentrated investment style: ValueQuest has established its credentials as a founder-managed PMS provider, with its experienced fund management team and a strong 10-year track record.
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.