Icici Prudential
PMS Pipe Strategy
Icici Prudential's PMS Pipe Strategy is a Small Cap Portfolio Management Services (PMS) strategy managed by Anand Shah / Chockalingam Narayanan, operational since Sep 2019. Benchmark: BSE 500 TRI.
AUM
₹7,830 Cr
Min investment
₹50 L
Inception
Sep 2019
Fund manager
Anand Shah / Chockalingam Narayanan
Investment Objective: ICICI Prudential PMS PIPE Strategy aims to provide longterm capital appreciation and generate returns by investing predominantly in Mid and Small Cap segment of the market by having exposure in companies enjoying some economic moat; and/or undergoing special situations or in the midst of unfavourable business cycle. PIPE Strategy hold BMV investmnet framework with aim to Identify Prominent businesses, with Competent Management, at Reasonable Valuations. The strategy is sector agnostic with aim to identify Small and Mid Cap stocks of today that have the potential of becoming blue chips over the next decade.
6M
+4.5%
1Y
+6.5%
5Y
+22.2%
Since inception
+25.1%
6M
+8.0%
1Y
+8.4%
5Y
+10.0%
Since inception
—
6M
-3.5%
1Y
-2.0%
5Y
+12.2%
Since inception
+16.2%
Positive alpha across both 1Y and 5Y — classified as Consistent Performer
Hypothetical growth based on TWRR from inception (Sep 2019)
Hypothetical illustration based on published TWRR over 6.9 years. Does not account for variable performance fees, taxes, or entry/exit timing. Past performance is not indicative of future results.
35-40 stocks
How many stocks the manager holds. Fewer stocks means higher conviction per position — each holding has a larger impact on overall returns, amplifying both gains and losses.
41%
Percentage of portfolio bought or sold annually. Higher turnover means more active trading and potentially more short-term capital gains tax events in your demat account.
Risk metrics — coming soon
Sharpe ratio, Sortino ratio, beta, standard deviation, and maximum drawdown will be available once sufficient NAV history accumulates. Use turnover ratio and portfolio concentration above as practical risk indicators.