Funds managed
| Fund name | Asset Class | License |
| Nano Cap Series I and II | Hedge fund-Long Only Small Cap | SEBI AIF Cat 3 |
| Sundaram India Premier Fund | Hedge Fund-Long Only | SEBI AIF Cat 3 |
About the AMC
- Sundaram Alternate Assets Ltd. is a spin-off of Sundaram Asset Management Company Limited, that caters to the investment needs of high net-worth individuals (HNIs). Sundaram Portfolio Managers (SPM) and Sundaram Alternative Investment Funds (AIFs) are the divisions under the SA umbrella.
- Out of the commitments of `1,170 cr., `1,099 cr. had been received and `870 cr. had been invested as at end March 2019 regarding the Fund Nano Cap Series I and II.
- During the year 2018-2019, company launched Sundaram India Premier Fund, a category III AIF, which secured capital commitment of `448 cr.
Key Staff
- Mr. Madanagopal Ramu-Fund Manager-Equity
Madanagopal Ramu joined Sundaram Asset Management Company Limited (SAMC) in October 2010 as a research analyst, covering industrials, infrastructure, cement and logistics. At SAMC, prior to becoming the Fund Manager of PMS & AIF, he was the Head of Research for the Mutual Fund division. He has over 12 years of experience in research and over 5 years of experience in Fund Management. Prior to SAMC, he worked with Centrum Broking (P) Ltd. as a Research Analyst tracking power and capital goods. He is an MBA from BIM Trichy and a Cost Accountant.
- Mr. Ratish Varier-Co-Fund Manage-Equity
Ratish Varier joined Sundaram Alternates as Vice President – Investments in January 2019. Prior to that, he briefly served as Vice President – Investments at Sundaram Asset Management Company Ltd. – the Holding Company. Before joining Sundaram Asset Management Company, Ratish was the Fund Manager – Equities at Mahindra Asset Management Pvt. Ltd., where he managed all equity schemes of the firm. Prior to that, he served at Reliance Life Insurance Company Ltd., where he managed funds worth $2bn.Ratish has also worked with ICAP Limited and Sharekhan Ltd., and has over 14 years of experience in Fund Management.He holds a PG Diploma in MBA (Finance) and a PG in Investment Analysis, CPM (Certified Portfolio Manager).
- Mr. Kumaran Chandrasekaran- Fund Manager-Credit
Kumaran Chandrasekaran is a financial services professional with over 12 years of experience across business analysis, investments, fund management, investment banking, corporate banking and financial advisory services. Prior to his current role, Kumaran was working with Piramal Group in building and managing the real estate fund business in Chennai. In his earlier role, he was actively involved in the complete investment life cycle including deal sourcing, structuring, closure, investment, monitoring and exit across the products from equity, mezzanine, structured debt, debt, apartment fund and across the real estate verticals – residential & commercial. Apart from Piramal Group, Kumaran has also worked in several reputed institutions like Tata, IDFC and SREI. Kumaran is a Bachelor of Technology and Masters in Business Administration from Bharathidasan Institute of Management, Trichy.
Investment Philosophy
- Nano Series I and II :
A 4-year close-ended Category III AIF that will invest in 15 to 25 high conviction nano cap stocks – market cap less than INR 1,500 cr at the time of investing.
Under-invested, under-researched segment between VCs and small caps-offering potential for outsized returns in a patient long term investing style.
Focused Portfolio of 15-25 companies, averaging around 20.
- Sundaram India Premier Fund :
A 4-year close-ended fund that invests in the growing sectors of consumption and consumer discretionary.
Theme: Consumption- Urban Premium Lifestyle, Housing and Electricity, Rural Consumption Growth.
Media
Vijayendiran R – Indian Alternates Taking Growth Cues from the Global Space,20th Nov. 2019
CEO of Sundaram Alternates talking about the emergence of alternatives industry and comparing it with traditional investments.
Analyst questions
- Is your fund(Nano Cap Series I and II) overlapping with Nifty SmallCap 100?
If yes, then to what extent?
- Both of the funds have on an average about 20 high conviction stocks, do you think that provides sufficient diversification? Is there any theory or math that helps you identify the ideal diversification number ?
Prepared by Rashika Bhatia
Date 6th May 2020
Reviewed by- Taniya Nagpal
Date- 11th May 2020
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