Nuvama Absolute Return Strategy (NARS) PMS

Key Portfolio Attributes

Inception Date: 06th June, 2023

Portfolio Manager’s Name: Mr. Nikhil Ranka & Mr. Ajay Vora

Portfolio Manager’s Experience: Mr. Nikhil Ranka: 18+ years Mr. Ajay Vora: 18+ years

Portfolio Manager’s Qualification:

Mr. Nikhil Ranka: 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.

Mr. Ajay Vora: MBA in Finance from MET University, Mumbai and graduated with Bachelor of Commerce from Narsee Monjee College of Commerce and Economics.

Investment Objective

Nuvama Absolute Return Strategy (NARS) is an actively managed, DPMS strategy, the investment objective of Nuvama Absolute Return Strategy (NARS) PMS is to generate steady predictable absolute returns over the medium term, with reduced volatility.

Investment Strategy

The Nuvama Absolute Return Strategy (NARS) is a debt multiplier offering predictable yields through a multi-asset portfolio, combining low-risk and low-exposure strategies.

Low Risk:

  • Fixed Income: Allocating 70-80% in fixed income instruments such as T-Bills, cash, and equivalents.
  • Special Situations: Allocating 0-25% in equities, cash, and derivatives within special situations.

Low Exposure:

  • Equity Directional: Allocating 0-30% in equities and indices, with exposure through cash and derivatives.
  • Commodities/Bonds: Allocating 0-30% in commodity derivatives and government securities (GSecs).

This approach aims to create a balanced and diversified portfolio that leverages low-risk and low-exposure strategies to deliver consistent and predictable returns.

Investment Philosophy

Nuvama Absolute Return Strategy (NARS) PMS is a debt plus long/short strategy, intending to offer 12-13% gross returns through low-risk, low-exposure trades and a diversified portfolio across uncorrelated asset classes to smoothen out volatility.

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