An actively managed DPMS strategy focused on Indian midcap and small cap companies, aiming for long-term capital appreciation.
+3.22%
1Y annualised returns
-0.07%
Benchmark returns (S&P BSE 500 Total Return Index)
Launch date
10 Jul '23
Total AUM
₹287.93Cr
Min. investment
₹50,00,000
Benchmark
S&P BSE 500 Total Return Index
Min. investment & fees structure
Min. investment for 1st time
SEBI mandates a minimum investment for investing in PMS
₹50,00,000
Exit load
Fee charged on redemption before the completed holding period
2.00%
PMS management
NB
Naveen Baid
Fund Manager for NARS and NEXT PMS strategies at Nuvama
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About
Naveen has over 18 years of experience spanning both sell side and buy side roles. He began his career in 2007 as a research analyst in the captive research arm of one of the world’s largest hedge fund DE Shaw. His early career in the sell side at HSBC involved generating investment ideas in the midcap space, for institutional investors. He covered sectors like Real Estate, IT, Media & Entertainment in his early years. Transitioning to Aditya Birla Capital, his role expanded to cover more wider range of sectors like Autos, Auto Ancillaries, Healthcare, Pharma, Building Materials & Age businesses. During his 11 year stint at Aditya Birla Capital, he led a research team of New 7 analysts and was part of the investment committee, which oversaw investment in two PMS schemes. Naveen’s core strength lies in deciphering intelligence and analytics out of large quantitative data sets and using that to combine top-down and bottom-up style of best of both the investing, making the worlds. At Nuvama, he is responsible for managing the Nuvama Absolute Return Strategy [NARS], and Nuvama Equities eXpansion Target strategy [NEXT] PMS as part of the Listed Equities vertical within Nuvama Asset Management. Naveen has a background in commerce and holds a masters in finance from ICFAI, Hyderabad. He is also a CFA charterholder
Experience
Over 18 years of experience in both sell-side and buy-side financial roles.
Investment philosophy
Combines quantitative data analysis with top-down and bottom-up investing styles.
Previously worked at
Aditya Birla Capital
HSBC
DE Shaw
Awards
During an 11-year stint at Aditya Birla Capital, led a research team of 7 analysts and was part of an investment committee overseeing two PMS schemes. He is a CFA charterholder.
NR
Nikhil Ranka
Fund Manager
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About
Mr Nikhil Ranka has over 15 years of investment management experience spanning portfolio management, research and Derivatives trading. Prior to Joining the Investment Manager he was part of the core Equity investment team at Reliance Industries Treasury managing approx USD 1billion portfolio. He has worked as a Research analyst for over 5 years at Lloyd George Management, a Hong Kong based boutique investment management firm with over USD 1.5 billion exposure to India covering oil & gas, capital goods and telecom sector. He has also worked with ICICI securities and Kotak Securities. He holds an MBA degree specializing in finance from Jamnalal Bajaj Institute of Management Studies, Mumbai and has completed his graduation from UICT (Mumbai) with a Bachelor’s degree in chemical engineering.
Experience
Over 15 years of experience in investment management.
Investment philosophy
Specializes in portfolio management, research, and derivatives trading.
Previously worked at
Reliance Industries Treasury
Lloyd George Management
ICICI securities
Kotak Securities
Awards
Was part of the core team managing a USD 1 billion equity portfolio at Reliance Industries Treasury and served as a research analyst at Lloyd George Management, a Hong Kong-based boutique firm.
AV
Ajay Vora
Fund Manager
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About
Mr. Ajay Vora has over a 15 years of investment management experience specialising in long only and long short equity strategies consistently generating alpha returns. Prior to joining Investment Manager he was heading Equity Investment team at Reliance Industries’ Treasury managing approx. USD $1 billion portfolio. With the help of an efficient team he managed to scale the portfolio from USD $200 million to USD $1 billion over 5 years. He started his career at Morgan Stanley as a materials sector analyst and then moved to ENAM Asset Management Company Private Limited (ENAM AMC). Over 6 years at ENAM AMC he managed to graduate from an analyst to Head of Research of fund with AUM of USD $1 billion. He was instrumental and part of core team to have managed to raise institutional money at ENAM AMC.
Experience
Over 15 years of experience in investment management.
Investment philosophy
Specializes in long-only and long-short equity strategies for alpha generation.
Previously worked at
Reliance Industries’ Treasury
ENAM Asset Management Company Private Limited
Morgan Stanley
Awards
Scaled a portfolio from USD $200 million to USD $1 billion over 5 years. Was instrumental in raising institutional funds as part of a core team at ENAM AMC.