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Varanium Large-Cap Focused

Scheme Rating

IME Scheme Rating

The Scheme does not meet our selection criteria at this time

Do Not Recommend: We like the concentration level of Varanium PMS’s Large Cap focused strategy, we find the investment strategy to be fairly generic. The strategy’s performance has also been weak so far. We do not recommend the strategy at this time.

IME Strategy Rating

Large cap focused: Focused large-cap portfolio (10-20 stocks) that aims to invest in high-quality stocks with sustainable earnings. The portfolio seeks to invest in high-growth businesses, with quality management and with strong economic moats.

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 Varanium Large-Cap Focused

Type: Large & Midcap | GARP | AUM ( cr) | Inc Date (15 Nov 2017)

Varanium Large Cap Focused Fund- Investment Strategy

Aims at high quality businesses with sustainable earnings

Varanium PMS’s Large Cap Focused strategy is a focused large-cap portfolio (10-20 stocks) that aims to invest in high-quality stocks with sustainable earnings. The portfolio seeks to invest in high growth businesses, with quality management and with strong economic moats.

Trailing Performance

1yr 3yr 5yr Since Inception
Varanium Large-Cap Focused
S&P BSE 500 TRI
Alpha over Broad Mkt BM
Nifty 500
Alpha over Category BM

Performance as of: 28-Feb-23 | Inception Date: 15-Nov-17

Fund Managers

T S Anantakrishnan | 4-star rated FM

CEO & CIO | 26 yrs Experience | 8 yrs at current firm

Past Experience: Religare PMS (MD), Prime Securities PMS (Director), Goldman Sachs (VP)

Ananatakrishnan has over 20 years of investments experience, including heading the PMS businesses at Religare & Prime Securities, prior to founding Varanium in Jun-2016.

Fee Structure

Fee StructureFee
Fixed Fee Structure2.5
Variable Fee Structures
Exit Fees1yr (3%), 2yr (2%), 3yr (1%)

AMC

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

Not a Recommended AMC: Founded by a seasoned PMS fund manager, Varanium PMS has the potential to develop into a credible niche player. We are however disappointed by the lack of a clearly articulated investment philosophy and also find that Varanium offers too many disparate strategies (all of which may not be open to subscription) which do point towards a lack of focus. These are the main reasons we do not recommend investing in Varanium PMS.

AMC Rating

3 of 5 stars

AMC Pedigree

3 of 5 stars

AMC Size

2 of 5 stars

Team Pedigree

3 of 5 stars

Inv Philosophy

2 of 5 stars

Performance

2 of 5 stars

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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.