Overview

We seek to invest in Indian equities that run high quality businesses, run by a high-quality management, enjoying sustained long-term growth prospects at fair price. Our stock selection is style market cap agnostic. As a result we also understand that most fundamental risks are not knowing or fully understanding the idiosyncratic business risk of each company that we own in the portfolio. Hence, we manage this risk through conventional in-depth bottom up / top down research combined with new age risk weighted portfolios.

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Strategy Documents

For Value equity+ PMS overarching investing philosophy is

  • Focus on certainty over quantum while evaluating earnings growth
  • Reasonably priced over Low-priced Quality business
  • Top-down assessment to select sectors and then bottom up analysis to select stock

The end objective is to buy quality franchises at reasonable prices through a disciplined investing approach that will help building a portfolio of stocks yielding compounded returns in long term.

Our Portfolio Management Services endeavour to nurture the foundation of your investment that may help you realise your goals.

Product Specification:

Fee Structure

Investment Management   and Advisory fee**
Type Direct Plan Regular Plan
Management Fee (Option I) Fixed 2.75% 3.00%
Variable NA NA
Management Fee (Option II) Fixed 1.75% 2.00%
Variable The Performance Incentive will be 20% of the profits over and above the Minimum Hurdle Rate after all expenses on the Portfolio including the AMC. Hurdle rate for the purpose of calculation of performance fees is 12%. Performance fees shall be computed on the basis of a High Water Mark Principle over the life of the investment. The Portfolio Manager will not get Performance Fees if the Minimum Hurdle Rate is not achieved The Performance Incentive will be 20% of the profits over and above the Minimum Hurdle Rate after all expenses on the Portfolio including the AMC. Hurdle rate for the purpose of calculation of performance fees is 12%. Performance fees shall be computed on the basis of a High Water Mark Principle over the life of the investment. The Portfolio Manager will not get Performance Fees if the Minimum Hurdle Rate is not achieved
Exit Load 1.5% exit load will be levied, if withdrawn within first year and subsequently 1% will be charged in the second and third year. The period is calculated from the date of inception or the date of inflow as per the Agreement.
Other Charges Capped at 0.50%

This Fee is applicable for all new Investment done on or after 21st June 2021

Head PMS

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Mr. Azeem Ahmad is spearheading the PMS vertical at LICMF AM Ltd ( currently managing AuM of over 1650 crs across various schemes). In his last assignment at ICICI Securities, he was the sole Fund Manager, PMS (Discretionary & Non-discretionary portfolios). He has over 20 years of experience and held roles including that of Chief Macro & Derivatives Strategist. He has expertise in the areas of portfolio management, fundamental research, global macro, equity, FX and derivatives research & product development. By Qualification, he is an MBA (Finance) from SP Jain and an Associate Company Secretary (ACS).



General Disclaimer: All returns are in percentage. Performance disclosure is at aggregate portfolio level and the portfolio information (i.e. market cap, sector allocations, etc.) is at model client’s level. Securities investments are subject to market risks and there is no assurance or guarantee that the objective of the investments will be achieved. Past performance of the portfolio manager does not indicate its future performance. Performance related information provided herein is not verified by SEBI. Detailed Disclaimer: This document is issued by LIC MF Asset Management Ltd. (Portfolio Managers). This document is produced for information purposes only and not a complete disclosure of every material fact and terms and conditions. It does not constitute a prospectus or disclosure document or an offer or solicitation to buy any securities or other investment. All opinions, figures, charts/graphs, estimates and data included in this document is subject to change without notice. It should not be construed as investment advice to any party. The statements contained herein may include statements of future expectations and other forward-looking statements that are based on our current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Investors shall be fully responsible/ liable for any decision taken on the basis of this document. Clients under Portfolio Management Services are not being offered any guaranteed/assured returns. The name of the strategies do not in any manner indicate their prospects or return. The investments may not be suited to all categories of investors. The material is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such. Neither LIC MF Asset Management Ltd. nor any person connected with it, accepts any liability, losses and/ or damages arising from the use of this material. The recipient of this material should rely on their investigations and take their own professional advice. Opinions, if any, expressed are our opinions as of the date of appearing on this material only. While we endeavor to update it on a reasonable basis, there may be regulatory, compliance, or other reasons that prevent us from doing so. The Portfolio Manager is not responsible for any loss or shortfall resulting from the operation of the strategy. The recipient shall understand that the statements cannot disclose all the risks and characteristics. The recipient is requested to take into consideration all the risk factors including their financial condition, suitability to risk-return, etc. As with any investment in securities, the value of the portfolio under management may fluctuate depending on the various factors and forces affecting the capital market. Disclosure Document shall be obtained and read carefully before executing the PMS agreement. For tax consequences, each investor is advised to consult his / her own professional tax advisor. This document is not for public distribution and has been furnished solely for information and must not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. Distribution Restrictions – This material should not be circulated in countries where restrictions exist on soliciting business from potential clients residing in such countries. Recipients of this material should inform themselves about and observe any such restrictions.