ASK Indian Entrepreneur Portfolio (IEP) | PMS AIF World
ASK‘s Inda Entrepreneurial Portfolio ( IEP
) is one of the leading PMS strategies in the country, over the course of the
last 11 years the fund has consistently created wealth for its investors. ASK
individually manages the highest amount of AUM in the PMS segment. Ask IEP PMS is managed by Mr. Sumit Jain
The concept invests in Indian entrepreneurs
with adequate ‘Skin in the Game’ who have demonstrated high standards of
governance, vision, execution, wisdom, capital allocation, and capital
distribution skills. They run businesses that are amongst the highest long-term
earnings growth.
Investment Strategy:
1) Identify large and growing business
opportunities with a competitive advantage that are significant sized (min Rs.
100cr of PBT)
2) The quality of the business should be
good to be able to fund strong growth through internal cash generation. So, it
looks for 20% compounded growth from each business and targets over 25% growth
from the portfolio
3) To fund this growth, the business ROCE
should be over 25% so that growth can be funded and there are surpluses for
dividend
4) The management should have the drive and
have skin in the game to deliver compounded growth period after period
(uncompromised corporate governance is a must). Hence, invest in businesses
with an identifiable business house at the helm with a minimum 25% stake.
5) Portfolio seeks to identify such businesses at
reasonable discount to value and stay invested for a length of time and make
money as EPS compounds.
PMS AIF WORLD is modern-day analytics and
content-based Wealth Management firm helping today’s and tomorrow’s investors
to create wealth over sustained and long periods of time.
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