Thanks Vivek for the information. This was helpful.
If you like the investment philipsophy of Concentrated portfoio of High Quality + Growth companies, would suggest 2 names:
- Basant Maheshwari
- Purnartha
Purnartha is very less discussed online, but has huge offline presence. It is the largest equity advisory and charges almost like a PMS.
Both suggested names would have almost all portfolio in less than 6 names,
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Thanks Raman, Can you please provide some more data points like how they have performed in last 2-3 yrs especially in last 6 months (when market has been quite negative).
Does PMS / AIF invest in unlisted company stocks as well?
I had talked to basant maheshwari pms an year back. The charges are more than any of the common pms services around. Kindly understand the charges clearly
Suggest the boarders not to fall to recency bias while selecting a PMS/Advisory/AIF.
For small and midcaps, we have seen a bear market in the past 8 months and as is natural in a bear market - there has been flight to top quality stocks and many of names which are not occupying the top echelons of the quality ladder have been beaten down mercilessly. As such strategies and managers who only focus on quality of business irrespective of valuations have performed decent while those displaying higher levels of adventurism on the quality ladder including all value managers are down a lot (the lower they are on the quality ladder the worse is their performance).
However, one who is selecting a manager at this stage has to look and evaluate the next 5-10 years rather than the last 8 months. As such please be careful not to fall into the trap of extrapolating the immediate past.
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Entered EQ PMS in 2015 and the overall return was in CAGR of 42% till Jan 2018. However with recent market down, it is giving return of 23%. I havenât seen them churning much in my portfolio but be aware that EQ looks down mostly in Small/Micro cap space - so, that carries extra risk
You joined valuepickr 11 min before only and posted in PMS thread? is it for real?
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Upto you to believe 
Avoid EQ. Porinju is lazy, he invests lazily without doing proper research. Whereas Manish bhandari works his socks off, i have seen him in lots of con calls coming himself and asking questions.
If i have to choose between these 2 then my vote goes for Vallum.
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Any views on Sageone Investments performance? I like to listen to Samit Vartak and he comes across very grounded fund manager. When he talks about few of companies they(might) be invested in, it a complete 360 degree analysis of company. I like that he can be extremely micro in analysis while keeping the macro view on context.
I can better your investment corpus but no where near even 1 Cr. Will look forward to their AIF. Any idea on Equinomics Research & Advisory run by G Chokalingam?
Can someone answer this?
Yes. You will get messages at the end of the day about the transactions made by the fund house in your name. I also receive a detailed monthly report.
This is NOT their PMS CAGR. It is âadvisoryâ CAGR of 47%. They say in the first 3 years they managed their own money and this is part of this 47% CAGR !!. I believe one should look at PMS returns as managing self money and others money is a huge difference. Also they underperformed in 2017 from below data
SOIA track record:
| Period (as of 31/05/18) | 1 month | 3 months | 6 months | 1 year | Since inception (01/23/17) |
|---|---|---|---|---|---|
| SageOne PMS (SDP) Portfolio | -5.0% | -0.4% | 4.4% | 34.0% | 34.3% |
The partners split recently and one should do full DD before investing in this or another PMS.
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For all practial purposes Sage One is 1.8 years old only. And i am sure after market corrections the PMS CAGR for 1.8 years will come way below 34% unless they hold a high level of cash.
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Anyone know whatâs return from Poronjuâs PMS after this crash?
Minus 38 percent approx. A friend has an account there.
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which time frame are you referring to ? for the past 1 year? . tks
Yes. As per him all his funds were invested in one go, just before the peak of the market run up.