Funds managed
Equity funds
| Fund Name | Sector | Market Cap focus | Benchmark |
| Trivantage Capital Resurgent Financials Equity Portfolio, | BFSI | Multi- Cap | Nifty Bank |
| Trivantage Capital Resurgent Financials Equity – Super Six Portfolio | BFSI | Multi-Cap | Nifty Bank |
| Trivantage Capital Rising Stars Portfolio | BFSI | Bias towards small and mid cap | Nifty Bank |
| Trivantage Capital Diversified Equity Portfolio | Across sectors | Multi-Cap | Nifty 500 |
| Trivantage Capital Edge Portfolio | Across sectors | Multi-Cap | Nifty 500 |
| Trivantage Capital Super Six Diversified Equity Portfolio | Across sectors | Multi-Cap | Nifty 500 |
Debt funds
| Fund Name | Bond type | Strategy | Benchmark |
| Trivantage Capital Basel 3 Compliant AT1 PSU Bank Perpetual Bond Portfolio | Invests in perpetual (Basel 3 compliant Tier 1) bonds of PSU banks and aims to generate returns through coupon inflows and capital gains. | Under normal circumstances, the Portfolio Manager intends to follow a buy-and-hold strategy | CRISIL Liquid Index |
| Trivantage Capital Basel 3 Compliant AT1 Bank Perpetual Bond Portfolio | Invests in perpetual (Basel 3 compliant Tier 1) bonds of public and private sector banks and aims to generate returns through coupon inflows and capital gains. | Under normal circumstances, the Portfolio Manager intends to follow a buy-and-hold strategy | CRISIL Liquid Index |
| Name | Investment Objective & Approach | Benchmark |
| Customised Portfolio | The investment approach endeavours to generate optimal risk-adjusted returns by investing in a diversified in a portfolio of equity and equity-related securities, debt securities including highly rated tax-free bonds and mutual funds | Customised & mutually agreed to suit the actual portfolio construct |
About
Trivantage Capital is an independent, specialist asset management boutique founded in 2015 with a singular focus on India’s rapidly changing financial sector.
Trivantage Capital is founded to take advantage of the exciting investment opportunities emerging from a rapidly evolving financial sector that offered a range of investment choices across small finance banks, micro-finance non-bank lenders, asset & wealth managers, insurers, brokerages
Their investment management platform has been approved by some prominent global and Indian private banks / family offices in India.
They have been honoured for creating the “Most Innovative Product” in India (2015) amongst all asset managers by Asia Asset Management, Hong Kong.The jury recognised their ability to spot the trend by launching India’s first portfolio of Tier 1 capital bonds of state owned banks. They have taken leadership in this category in the asset management space in India.
Under the Companies Act, 2013, they have been granted a certificate of registration from SEBI to act as a Portfolio Manager under Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993. (Registration Number: INP000004656)
Key staff
Nikhil Johri – Founder & Chief Investment Officer – Nikhil is a seasoned professional with almost three decades of experience across leading banks and asset managers in India. At Trivantage Capital, he has been the portfolio manager of various equity strategies since Feb 2016. During this period, he has built a proprietary investment model for stock selection that blends his assessment of various qualitative and quantitative screeners. Graduated from Indian Institute of Management , Ahmedabad , India in 1987 and is a member of The Institute of Chartered Accountants of India Linkedin
Team size : 7
Services provided
The Portfolio Manager offers – Discretionary Portfolio Management Services, Non-Discretionary Portfolio Management Services and Advisory Services
Funds managed
- Trivantage Capital Resurgent Financials Equity Portfolio,
Benchmark: Nifty Bank
Investment Objective & Approach
An open-ended, long-only portfolio investment approach that aims at long-term wealth creation by predominantly investing in equity and equity-related securities of private and public sector banks, non-banking financial services companies and other companies in the financial services sector.
Investments can be across a broad definition of BFSI (Banking & Financial Services) including stock & commodity exchanges, rating agencies, lenders in all formats, brokerages, insurers etc
Disclaimer: Returns as of 28th Feb, 2021, Returns up to 1 year are absolute and above 1 year are CAGR.
Source: https://app.pmsaifworld.com/pms-details
- Trivantage Capital Resurgent Financials Equity – Super Six Portfolio
Benchmark: Nifty Bank
Disclaimer: Returns as of 28th Feb, 2021, Returns up to 1 year are absolute and above 1 year are CAGR.
Note: Only these 2 fund details are disclosed and available to public.
Source: https://app.pmsaifworld.com/pms-details
Investment Philosophy ( for the firm)
They have not specified any philosophy for the firm.
Investment Style
They have not specified any particular style for their investing.
Their main focus is to invest in financial services companies, they are bullish on it because financial services businesses are beneficiaries of a cyclical upturn. In particular, lenders with strong balance sheets are very favourably placed to take advantage of the capital expenditure needs of viable projects and also of the booming retail demand for housing and consumption goods.
In this context, a few private sector lenders amongst banks, NBFCs, HFCs are set to win market shares from their public sector counterparts that are short on capital.
Investment Process
The portfolio will follow a bottom-up stock selection process.
Their investment universe is financial services companies such as Banks, NBFCs, HFCs, Insurance, small finance, micro finance.
Portfolio Construction
Many of these stocks are still reasonably valued when compared to those in certain other sectors and a combination of valuation re-rating and compounding of earnings will drive the stock prices higher.
The Portfolio Manager follows a structured approach based on extensive research and follows a rigorous investment process to identify businesses in the financial services sector that are attractively priced and have the potential to deliver long-term performance. Since the portfolio is concentrated & thematic in nature and actively managed, the portfolio may witness periods of high volatility and also higher portfolio turnover
Media
No interview/ discussions available in the media
Analyst questions
- Why is trivantage capital so bullish on that BFSI sector?
- What’s the investment philosophy for the firm?
- The Benchmark for both the disclosed funds is Nifty bank but the portfolio has a mix of all the financial services companies, so how is it relevant?
- On what criteria do you filter stocks from the financial services sector?
- Can you describe the fundamental research process and the key ratios you consider while analyzing the company?
- What valuation technique do you use to find out the intrinsic value of a company?
- Does Trivantage capital have an in-house research team? If not, from which sell-side analyst you buy reports and why from them?
- What’s the time horizon for an investor to be considered before investing in your funds?
- Why does trivantage capital have multiple funds and which is considered as most and least risky?
Prepared by Subramanian K
Peer review
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