Investment

Prudent Equity Launches Maiden Growth Strategy Fund with Rs 50 Lakh Minimum Ticket Size

• ByStartupStory     |    August 16, 2024

Prudent Equity, a Gurugram-based wealth management firm, has officially launched its inaugural growth strategy Portfolio Management Service (PMS). The new fund introduces a minimum investment threshold of Rs 50 lakh, targeting investors interested in long-term capital appreciation over a period of 36 to 60 months.

The growth strategy PMS fund employs a bottom-up value investing approach, focusing on identifying mispriced opportunities while emphasizing capital protection. This strategy aims to cater to a wide range of investors, including High Net-Worth Individuals (HNWIs) and Ultra High Net-Worth Individuals (UHNWIs), who are seeking medium- to long-term investment solutions.

Prudent Equity has set an ambitious goal for its new fund, aiming to achieve Rs 250 crores in Assets Under Management (AUM) by the end of 2025.

“Since our inception in 2012, Prudent Equity has been dedicated to providing actionable advice on equity investments,” said Siddharth Oberoi, founder of Prudent Equity. “With the launch of our growth strategy PMS fund, we are expanding our portfolio of investment solutions to meet the evolving needs of our clients.”

The firm, established by Siddharth Oberoi in 2012, specializes in serving family offices, HNIs, and retail investors. The company has a track record of focusing on client-centric services, a commitment reflected in the strong performance of its Alternative Investment Fund (AIF) launched in 2022.

Prudent Equity also boasts the recent success of its ACE fund, which has delivered a notable 75% return over the past 12 months. In comparison, the benchmark has achieved a return of 37% during the same period.

“We are proud of the performance of our existing ACE fund, which underscores our ability to deliver exceptional returns and meet investor expectations,” Oberoi added. “The growth strategy PMS fund is a testament to our continued dedication to providing innovative and effective investment solutions.”

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