ASK Investment Managers (ASK IM) is among India’s earliest SEBI-licensed Portfolio Management Services (PMS) firms and one of the country’s larger discretionary equity PMS providers. With a three-decade investing legacy, a disciplined research process, and a sharp focus on quality businesses, ASK IM aims to deliver consistent, long-term wealth creation for HNIs, UHNIs, and family offices
PMS AUM (in Rs. Cr)
15092
No. of PMS Products
6
No. of AIF Products
2
Data as of
31 Aug 2025
PMS Product Performance
Company Name / Product Name |
Category | Date of inception | AUM | 1y return | 2y return | 3y return | 5y return | 10y return | Since inception return |
---|---|---|---|---|---|---|---|---|---|
ASK Emerging Opportunities Portfolio (EOP) | Mid & Small Cap | 24 Aug 2017 | 551 | -7.10% | 9.60% | 11.70% | 17.10% | - | 11.40% |
ASK Growth Portfolio | Multi Cap | 29 Jan 2001 | 1306 | -9.70% | 9.80% | 9.40% | 14.40% | 11.60% | 18.00% |
ASK India Select Portfolio (ISP) | Multi Cap | 04 Jan 2010 | 1558 | -10.40% | 7.90% | 8.70% | 13.50% | 10.20% | 14.40% |
ASK Indian Entrepreneurship Portfolio (IEP) | Multi Cap | 25 Jan 2010 | 11677 | -3.00% | 8.50% | 9.50% | 16.30% | 12.20% | 16.40% |
Key Highlights (At a Glance)
Investment Philosophy: F.O.C.U.S
ASK IM’s philosophy is distilled into F.O.C.U.S — a framework designed to seek durable compounding through high-quality companies:
This philosophy is implemented through proprietary research and valuation disciplines to target attractive entry points and a margin of safety
Research Process & Risk Discipline
1. Proprietary frameworks:
● ABCD Quality Grading (data-driven assessment across governance, industry/company structure, performance, balance sheet health), and
● Fair Value Framework (intrinsic value anchoring using earnings/multiple estimates with cycle awareness and macro context)
2. Process strengths & risk controls:
1. In-house research with deep company interactions (6–8 per portfolio company per year).
2. Integrated buy/sell discipline and ongoing risk review across the investment life cycle.
3. Emphasis on governance, valuation discipline, and portfolio construction to mitigate drawdowns while pursuing long-term returns
3. Management framework (M–F–S):
Macro inputs, Fundamentals screening (top 750), and Sentiment/Technical overlays to harmonize top-down context with bottom-up stock selection
Where ASK IM Looks for Opportunity (Illustrative Themes)
ASK IM’s philosophy favors scalable, formalizing, or efficiency-enhancing profit pools. The decks outline multiple India growth vectors that expand investible universes over the medium term:
Infrastructure upcycle
Capex as % of GDP has risen materially in recent years, supporting multi-segment demand from roads/rail to ports and airports
Digital & data centers
Multi-fold growth in capacity with high utilization, reflecting structural digitization and cloud/data tailwinds
Financialization & MF penetration
Long runway for AUM-to-GDP and retail participation growth, aiding financials and asset-gatherers over time.
Defence manufacturing
Domestic capex and export opportunity with import substitution; sector CAGR expectations highlighted through FY24–FY30E
Auto energy transition
EV + CNG share in PVs projected to rise materially by FY30E, creating new value chains
Textiles & Gems/Jewellery
Formalization and organized share gains supported by policy, FTAs, brand, and quality shift in retail
Consumer & cyclicals
Cycle-aware stance — studying how ROE/asset quality cycles can drive re-rating/derating across FMCG, bank, oil & gas, etc.
Milestones & Global Platform
1994–1995 | 2001 | 2011 | 2020 | 2022 | 2023 |
---|---|---|---|---|---|
Incorporation and SEBI PMS license | Launch of the flagship PMS | Singapore presence established | First PMS house to receive GIFT City approval | Blackstone acquires majority stake | UCITS structure launched (Ireland) |
Who Chooses ASK IM
Investors seeking quality-biased, benchmark-aware compounding with robust governance and valuation discipline — typically HNIs, UHNIs, and family offices looking for a long-term, research-led PMS partner
Disclaimers & Regulatory
1. SEBI Registration: INP000008066
2. Performance/firm data points shown are as stated in the decks and as of the dates mentioned therein (e.g., 30 June 2025, where specified) and are not verified by SEBI; past performance is not indicative of future results
3. Comparative PMS performance (as per SEBI circular) is available via the APMI portal referenced in the deck
Content Reviewed by: Mr Kamal Manocha ( CEO and Chief Strategist).
All PMS performance data used on this page has been sourced from the official Association of Portfolio Managers in India (APMI) portal.
Verified at: https://www.apmiindia.org/apmi/welcomeiaperformance.htm?action=PMSmenu
PMS Product Performance
Company Name / Product Name |
Date of inception | AUM | 1y return | 2y return | 3y return | 5y return | 10y return | Since inception return |
---|---|---|---|---|---|---|---|---|
ASK Emerging Opportunities Portfolio (EOP) | 24 Aug 2017 | 551 | -7.10% | 9.60% | 11.70% | 17.10% | - | 11.40% |
ASK Growth Portfolio | 29 Jan 2001 | 1306 | -9.70% | 9.80% | 9.40% | 14.40% | 11.60% | 18.00% |
ASK India Select Portfolio (ISP) | 04 Jan 2010 | 1558 | -10.40% | 7.90% | 8.70% | 13.50% | 10.20% | 14.40% |
ASK Indian Entrepreneurship Portfolio (IEP) | 25 Jan 2010 | 11677 | -3.00% | 8.50% | 9.50% | 16.30% | 12.20% | 16.40% |
Do Not Simply Invest, Make Informed Decisions
WISH TO MAKE INFORMED INVESTMENTS FOR LONG TERM WEALTH CREATION
