ASK Investment Managers (ASK IM), a leading equity Portfolio Management Service (PMS) manager today announced that its assets under management and advisory have crossed Rs 100 billion. The AUM of ASKIM has grown over six fold in the last four years to Rs 100 billion, from Rs 15 billion, as of September 30, 2013.
ASKIM has emerged as the largest Equity PMS or managed account services provider in the country, with almost 11 per cent of the domestic market share in overall discretionary equity assets managed under PMS structure.
ASKIM offerings have consistently and significantly outperformed the comparative benchmarks over long period of time and its flagship PMS strategies-Growth, India Entrepreneur Portfolio and India Select have generated CAGR (as on March 22, 2017) of 22 per cent (16+ years), 21 per cent (7+ years) and 20 per cent (7+ years) comfortably outpacing respective benchmarks by a wide margin, with Nifty registering CAGR of 13 per cent, 9 per cent and 9 per cent respectively.
With this important milestone, ASK Group AUM have crossed Rs 300 billion, making it one of the fastest growing financial services entities in India. ASK IM has witnessed a significant surge in the number of new clients, even following the period of recent epoch-making event of demonetisation, adding over 1200 new clients, underpinning their faith in the quality of our offerings and superior long-term track record of performance.
ASKIM focuses on long-term wealth creation for its UHNI clients, emphasizing attainment of superior and high- quality, long-term compounding growth.
Sunil Rohokale, MD & CEO, ASK Group said, ''This important milestone has been very valuable in ASK journey as we have sought this leadership position across all businesses and have maintained superior performance track record, risk management framework and customer centricity which have been instrumental in winning trust of our clients as well as distributor partners and be relevant to their investment needs. With the recent partnership with Advent International, ASK is confident of scaling up further its existing businesses, and exploring potential new opportunities in domestic and international markets.''
Bharat Shah, Executive Director, ASK Group observed, ''India, as a country, has exceptional growth prospects and its most defining phase has just begun. We have benefitted from this while maintaining unstinted focus on attaining core investment objectives of 'Capital Preservation' and 'Capital Appreciation', underpinning the approach of disciplined investing into high-quality businesses, enjoying large size of opportunity, run by outstanding managements delivering superior earnings growth and buying into such quality franchises at a favourable margin of safety. A consistent philosophy and approach backed by disciplined execution has stood us in good stead over many cycles of the market.''
Prateek Agrawal, Business Head & Chief Investment Officer, ASK Investment Managers said, ''We, as a team, continue to enjoy every moment of the journey. We remain focussed on investing as per our philosophy. Our collaboration with the distributor partners continues to grow, backed by their gratifying faith in us.''
The differentiated investment philosophy, its disciplined execution and focus over long-run rather than short run have been appreciated by these wealth managers for their clients.