(PMS License Number: INP000006448)
A HIGH-QUALITY MULTICAP PMS STRATEGY WITH SUSTAINABLE RISK-ADJUSTED RETURN GENERATION AT ITS CORE
Our PMS is designed for investors with an expectation of reasonable, long-term returns generated through moderate risk-taking and consistent investment strategy.
Our PMS is for investors who do not want to keep checking their portfolio and prefer a good night's sleep over anything else. We plan to be working with a smaller subset of investors and focus on quality engagement.
Here are links to the performance details of all three PMS products:
Solitaire Fees (flexi-cap fund) = 1.5% Fixed Management fee on daily weighted average AUM (excluding GST and other expenses)
TRUBLU Fees (bluechip large-cap fund) = Option 1: 0% Fixed Fee + Performance Fees of 20% profit share above a hurdle of 6%, no catch up. Option 2:1.00% Fixed Fee All other expenses at Actuals. (Fees Excluding GST)
VRDDHI Fees (small-cap fund) = 1.5% Fixed Management Fee + Performance Fee of 15% profit share above a hurdle of 8%, no catch up. (GST is not included in the above fees, all other expenses i.e., custodian charges, brokerage, STT etc. are at actuals)
SPHERE Fees (Dynamic Multi-Asset Fund) = Fixed fee of 1.5% p.a. of AUM computed on daily average portfolio value charged on a quarterly basis. All other expenses at Actuals. (Fees Excl. GST).
NIO Fees (NRI Investment Opportunity) = Fixed fee of 1.5% p.a. of AUM computed on daily average portfolio value charged on a quarterly basis. All other expenses at Actuals. (Fees Excl. GST).
We follow a research driven approach to stock selection. We follow a bottom-up approach and will break free from past preferences. We will buy businesses of the future and identify modern themes early enough to capture their intrinsic value.
As per SEBI regulations, the minimum acceptable investment in a PMS strategy is Rs. 50,00,000.
Yes. All our PMS strategies are open-ended. Post your initial investment, we would accept additional top-up with a minimum acceptance criteria of Rs. 1 Lakh.
Solitaire - Lock-in 3 years - Exit Load = Exit load of 3% for the first year, 2% for the second year, 1% for the third year. Nil after 3 years.
TRUBLU - No Lock-in - Exit Load = No exit load
VRDDHI - Lock-in 3 years - Exit Load = Exit Load as prescribed by SEBI. First year exit load at 3%; second year 2%, third year –1%. Performance Fee and other Charges will be calculated on a Pro-rata basis and charged.
SPHERE - No Lock-in - Exit Load = No exit load
NIO - No Lock-in - Exit Load = No exit load
"Why does a PMS portfolio not look like a good investor's PF?" I have been asked this question many times. So, I set out thinking what can make a portfolio curated by others special to an investor. My learnings brought back memories of 2009 when another question began a new journey.
The questions in 2009 were --"Why do retail investors always buy MFs at the top, chasing sectors & themes which have already done too well? Why do they exit shortly after at the bottom?"
There must be a solution to such a relevant question. The solution must be tried and tested real time (not back tested). You need to prove it to real investors. The process must be robust, dynamic and transformative. Learnings must be institutionalised.
Curation is so critical in a PMS. If curation is right, then over longer durations superior returns can happen. The most important thing is to curate a sound portfolio philosophy.
When a portfolio is curated to perform over a particular time frame, it needs to be given that timeframe to be assessed. Monthly anxiety and reviewing is not going to help. While investing in a PMS, understanding the philosophy & buying into it before investing is crucial.
# 554/555, Level 5, Capitale Towers, Anna Salai, Teynampet,
Chennai 600018.
+91 95000 27285
info@ithought.co.in
feedback@ithought.co.in
Shyam Sekhar,
Ideator & Founder
Registration Number
INP000006448
Securities & Exchange Board of India
Southern Regional Office
7th Floor, Overseas Towers,
756-L Anna Salai,
Chennai – 600002.
Tamil Nadu, India.
ithought provides Portfolio Management Services (PMS License Number: INP000006448)
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