PORTFOLIO MANAGEMENT SERVICES (PMS)
PMS or Portfolio Management Service is a professional service where qualified and experienced portfolio managers backed by a research team manage equity portfolios on behalf of clients instead of clients managing it themselves.
Choose The Best PMS For You
We help you take an informed decision after thorough analysis of all strategies.
Best Fund Managers In The Industry
Choose the fund managers with the best track records.
Fixed and Variable Fee Option
Some strategies offer zero fixed fee and profit-sharing models. The fund manager makes money only when you make profit.
Types of PMS
Why Through US?
Research Based selection
Best PMS strategy to suite your objective
Professional And Active Management
A very professional approach with real time decision making.
Minimise Risk
Deep research and analysis to reduce the risk factor
Our Distributed PMS
2Point2 Capital
Investment Philosophy
We are followers of Benjamin Graham, Warren Buffett and Charlie Munger. Our investment philosophy is guided by the value investing principle of buying a security at a discount to its intrinsic value. When we invest in a stock, we buy the business and not the stock. We remain agnostic to the daily fluctuating stock price as long as we continue to believe in the business. We view market volatility as a friend that allows us to buy securities at a discount or sell at a premium to intrinsic value.
Our investments are selected based on the following criteria:
Competitive Moat
Over the long term, only businesses with a strong competitive moat are able to create shareholder value. We seek to invest in businesses which have a strong competitive moat or are gradually widening their moat. The competitive moats that attract us are those driven by strong brands, distribution strength, inherent cost advantages, technology/IP and high switching costs. These businesses demonstrate high capital efficiency and are typically cash flow positive. We do not invest in businesses whose moats are primarily driven by regulations and political linkages.
Margin of Safety
Our valuation of businesses is absolute and not relative. We seek to maintain valuation discipline by investing only at a discount to intrinsic value resulting in a margin of safety. This may entail staying in cash in periods of unreasonable euphoria in the markets and investing in periods of extreme distress. We steadfastly follow the principle of ‘Be fearful when others are greedy and greedy when others are fearful’.
Corporate Governance
The Indian market is notorious for promoters indulging in activities which destroy value for shareholders (especially minority shareholders). We believe stable long-term returns are generated by partnering managements which treat minority shareholders as equal partners. We avoid businesses with weak corporate governance practices and only invest in businesses led by ethical management teams.
Sectors
We prefer to invest in sectors that have long term growth opportunities. We avoid investing in highly regulated sectors, sectors linked significantly to commodity prices, ‘fad’ driven sectors and sectors exposed to technological disruption. We also avoid sectors that over a long period only generate accounting profits and not cash flows.
2Point2 Capital Advisors LLP is a SEBI registered Portfolio Management Services (PMS) provider (vide registration number INP000005190).