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ASK Investment Managers has launched ASK Lighthouse Portfolio, which is a satellite PMS investment approach.
This approach will predominantly invest in a few focused themes or sectors at a time, where structural transformation is underway, to capture the high-growth phase of sectors. Themes would be conceived on a top-down or bottom-up basis, while selection of the businesses would be on a bottom-up basis, said the company.
In the press release, Sunil Rohokale, MD & CEO, ASK Asset & Wealth Management Group said, “As we continue to lead with differentiated offerings, we’re capitalizing on the robust growth of the PMS and AIF market. The PMS industry has nearly doubled in the past 5 years, rising from around Rs. 2.50 lakh crore to approximately Rs. 4.90 lakh crore. These trends align with India's projected growth as an approximately $8 trillion economy in the next 8-9 years and an expected four-fold increase in upper-income households to reach approximately 2.5 crore households from current 60 lakh households. Our strategic expansion into Tier II and Tier III cities further exemplifies our commitment to growth and development of the industry.”
Nimesh Mehta, Director & Head – Sales & Products, Business Development & Products, ASK Investment Managers said, “This PMS is our foray into satellite PMS scheme investment approach. Our key investment objective of capital preservation and capital appreciation will remain unchanged.”
Portfolio manager of the PMS, Sandip Bansal, Associate Director & Senior Portfolio Manager, ASK Investment Managers said, “This portfolio will invest in themes where the extent of impact of fundamental changes is high and which are likely to be durable and sizable in nature. It will have focussed exposures in a few sectors to tap the high-growth phase of businesses and will be a market-cap agnostic portfolio. Our current focus areas for this scheme include infrastructure & engineering, energy/energy transition, defence, manufacturing, railways, capital goods and allied sectors. These sectors offer substantial wealth creation opportunities for investors.”