Category: Small Cap·Dominant allocation: Small Cap
Sundaram Alternate's Rising Star is a Small Cap Portfolio Management Services (PMS) strategy managed by Darshan Engineer, operational since Nov 2009. Benchmark: BSE 500 TRI.
AUM
₹121 Cr
Min investment
₹50 L
Inception
Nov 2009
Fund manager
Darshan Engineer
About this strategy
The Sundaram Alternates Rising Star PMS is a long-only equity strategy focusing on small-cap stocks following GARP - Growth at resonable price framework.
Performance
Returns (TWRR)
6M
+31.0%
1Y
+37.1%
5Y
+16.8%
Since inception
+15.3%
Alpha
6M
+34.6%
1Y
+39.1%
5Y
+4.6%
Since inception
—
BSE 500 TRI
6M
-3.5%
1Y
-2.0%
5Y
+12.2%
Since inception
+12.2%
Positive alpha across both 1Y and 5Y — classified as Consistent Performer
₹1 Crore invested — strategy vs benchmark
Hypothetical growth based on TWRR from inception (Nov 2009)
₹10.9 CrStrategy
₹6.9 CrBSE 500 TRI
200920212025Today
Hypothetical illustration based on published TWRR over 16.8 years. Does not account for variable performance fees, taxes, or entry/exit timing. Past performance is not indicative of future results.
Strategy characteristics
Portfolio concentration
22-25 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.
1 Yr Turnover Ratio
49%
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.
Market cap allocation
Mid Cap 5%Small Cap 91%
Fee structure
Fixed fee2.5% p.a.
Performance feeFixed upto - 1.5% combined with a Performance fee charged over 20% a; Hurdle rate 10%
High watermarkYes
Exit load1st Yr - 1% ; 2nd yr Onwards - Nil
High watermark means you pay performance fees only on new highs — never twice for the same gains after a drawdown recovery.
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.
Sundaram Alternate Rising Star is a Small Cap Portfolio Management Services (PMS) strategy managed by Darshan Engineer, operational since Nov 2009. The Sundaram Alternates Rising Star PMS is a long-only equity strategy focusing on small-cap stocks following GARP - Growth at resonable price framework.
What are the returns of Sundaram Alternate Rising Star?
As of the latest monthly update, Sundaram Alternate Rising Star has delivered 37.1% over 1 year and 16.8% over 5 years (TWRR, net of fixed fees). The 1-year alpha versus benchmark is +39.1%.
What is the minimum investment for Sundaram Alternate Rising Star?
The minimum investment for Sundaram Alternate Rising Star Portfolio Management Services is ₹50 L. The fixed fee is 2.5% p.a.. A high watermark applies, meaning performance fees are charged only on new highs.
Data compiled from official regulatory disclosures, updated monthly. AND Fintech (ARN-301536, APRN05170) is a registered distributor — not a SEBI-Registered Investment Adviser. This page is for informational and comparison purposes only and does not constitute investment advice or a recommendation. Past performance is not indicative of future results. Please read all scheme related documents carefully before investing.
