Varanium Capital Advisors (PMS)

About

Varanium Capital is a Boutique Investment Advisory firm that offers asset management products to clients in India and outside India across asset classes- debt, listed equity, private equity and venture capital. Varanium Capital Advisors Private Limited (VCAPL) is a SEBI licensed Portfolio Manager. VCAPL endeavours to provide Investment solutions and advisory to HNIs and institutional clients through a basket of customised investment products across a wide spectrum of traditional and Alternate Asset classes.

SEBI license number : NP000005281

Key staff

  • T.S Anantakrishnan (Principal & CEO) –  T.S Anantakrishnan is the principal of the company Varanium Capital Advisors. In India, his previous experience has been as a CEO of Religare Portfolio Managers, the PMS business of Religare Global Asset Management. Prior to which he headed Portfolio Management business for Prime Securities. He has done his MBA from NYU Stern, he has done his bachelors in engineering from IIT (Roorkee), along with this he has completed his CFA & FRM.
  • Vishal Bajpai ( Executive Director & Partner ) – As the Executive Director Vishal is responsible for business development, investor-relations, product strategy and structuring related activities. Prior to joining Varanium, Vishal was heading the Investment business for Deutsche consumer banking in India. He is a CFA Charter holder from CFA Institute, USA and holds a Master’s degree in Business Administration from Devi Ahilya University, Indore.
  • Mohit Saxena ( Partner ) – At Varanium Mohit leads the structured debt business. He has been at senior roles in Aditya Birla Financial Services, ICICI Bank and BOI Finance. He holds a Master degree in Management Studies from Mumbai University.
  • Aparajit Bhadarkar (Partner) – Aparajit leads the Venture Capital Practice at the Varanium. Before that he was Head Strategy, Jio Payments Bank and various senior roles at Yes Bank such as President, Merchant Banking and Head of Investor Relation. He is a qualified CA, CFA and MBA from NYU stern.

Funds managed

  1. Varanium Large-Cap Focused Fund
  2. Multicap Portfolio 
  3. Absolute Return Portfolio
  4. Alternate Investments Portfolio
  5. Varanium Alpha Portfolio
  • Varanium Large-Cap Focused Fund

This is actively managed portfolio of listed securities of large cap companies and in such other securities, instruments/products as may be permissible under the Regulations, preferably on a long-term basis. 

The portfolio will be a focused portfolio of 15 stocks +/- 5 i.e. range of 10-20 stocks. 

Strategy : to build a large exposure to the high conviction ideas. Single stock exposure will be below 10% at the time of initiation.

AUM : 107.06cr according to Pmsbazaar

  •  Multicap Portfolio

In this product, the Portfolio Manager shall make investments primarily in listed stocks agnostic of market capitalization or sectoral allocation and in other securities, instruments/products as may be permissible under the Regulations, seeking capital growth over long term.

  • Absolute Return Portfolio

Strategy : the Portfolio Manager shall primarily make investments in a Long – Short portfolio of large cap stock selected from a universe of BSE 200 / BSE 500 companies.

The hedging of portfolio will be through index / stock futures. Investments may also be made in any other securities/instruments/products, as may be permissible under the Regulations.  This product has the following series:

Agile: aiming an absolute return by investing in a diversified portfolio of large cap listed equity stocks hedged up to 80-100% with Index/ stock Futures.

Agile Plus: aiming an absolute return by investing in a diversified portfolio of large cap listed equity stocks hedged up to 50-100% with Index/ stock Futures.

  • Alternative Investment Portfolio :

Strategy : the Portfolio Manager shall primarily make investments in unlisted debt/equity securities/instruments, units/shares of private equity, venture capital and/or alternative investment funds and in any other securities/instruments/products, as may be permissible under the Regulations.

  • Varanium Alpha Portfolio

This is actively managed portfolio of listed stocks agnostic of market capitalization or sectoral allocation or any investment style to capture the best investment opportunities in equity market to achieve capital growth over long term. 

It may invest in other securities, instruments/products as may be permissible under the Regulations. Portfolio will be adequately diversified with 30 stocks  +/- 6 i.e. range of 24-36 stocks.

Investment Philosophy (for firm)

No data or comment made on the investment Philosophy of Varanium Capital on their website or on any other platform.

Media

No media comments on their investment strategy.

Analyst questions

Can you summarize your investment philosophy in brief ? Why is this not mentioned on the website ?

What are the specific AUM for the various funds in the PMS and why is that not publicly available ?

Why don’t you have any performance comparison to the benchmark, or any annual report on the company website ?

It is very difficult to find any media interaction where you talk about your investment strategy, can you explain why ?

Prepared by – Ishaan Joshi

Author

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