Apex
Portfolio Management ServiceStrategy AUM
Trailing 1Y return
Trailing Returns
APMI · annualised beyond 1Y · as of 01 May 2026
- 1M
- +5.51%
- 3M
- +7.52%
- 6M
- +3.95%
- 9M
- —
- 1Y
- +9.58%
- 2Y
- +5.97%
- 3Y
- +17.21%
- 4Y
- —
- 5Y
- —
- Since Inception
- +18.01%
- Strategy AUM
- ₹598 Cr
- Benchmark
- BSE 500 TRI
Performance vs Benchmark
Strategy vs BSE 500 TRI · trailing returns, % · alpha = excess
| Period | Strategy | Benchmark | Alpha |
|---|---|---|---|
| 1 Month | +5.51% | −0.17% | +5.68% |
| 3 Months | +7.52% | −2.34% | +9.86% |
| 6 Months | +3.95% | −5.39% | +9.34% |
| 1 Year | +9.58% | −0.07% | +9.65% |
| 2 Years | +5.97% | +4.14% | +1.83% |
| 3 Years | +17.21% | +13.46% | +3.75% |
| 4 Years | +0.00% | +0.00% | +0.00% |
| 5 Years | +0.00% | +0.00% | +0.00% |
| Since Inception | +18.01% | +14.01% | +4.00% |
Monthly Performance
Growth of ₹100 invested · month-on-month · 13 months
| Month | Strategy | Benchmark | Alpha |
|---|---|---|---|
| May-2026 | +5.51% | −0.17% | +5.68% |
| Apr-2026 | +13.18% | +10.38% | +2.80% |
| Mar-2026 | −9.96% | −11.37% | +1.41% |
| Feb-2026 | +0.59% | +0.45% | +0.14% |
| Jan-2026 | −2.44% | −3.34% | +0.90% |
| Dec-2025 | −1.49% | −0.24% | −1.25% |
| Nov-2025 | −0.82% | +0.96% | −1.78% |
| Oct-2025 | +4.51% | +4.27% | +0.24% |
| Sep-2025 | +2.80% | +1.24% | +1.56% |
| Aug-2025 | −2.83% | −1.75% | −1.08% |
| Jul-2025 | −1.90% | −2.71% | +0.81% |
| Jun-2025 | +3.79% | +3.68% | +0.11% |
| May-2025 | +4.94% | +3.54% | +1.40% |
Strategy Details
APMI fact sheet
- Inception
- 01 Feb 2023
- Age
- 3.4 Years
- Min. investment
- ₹50,00,000
- Turnover (1Y)
- 1.80×
- Turnover (1M)
- 0.12×
- Product
- Equity
as of 31 May 2026
Asset classes
Investment objective
The investment objective of APEX strategy will be to achieve capital appreciation through investing primarily into listed equity shares and equity related instruments/units of the Exchange Traded Funds (â??ETFsâ??). This strategy will follow flexi cap investing style. . The emphasis will be investing in companies based on fundamentals and/or momentum/technical indicators. The aim is to focus on good quality businesses and managements, which demonstrate potential to grow their businesses over the longer term coupled with a variety of momentum and technical parameters. The focus will be to hold equity shares and / or equity related instruments of atleast 20 listed companies and/or units of the ETFs in the Portfolio. The Portfolio Manager may hedge portfolio positions using derivatives at times and situations like (including but not limited to) turbulent external environments, or ahead of events, or during periods of heightened volatility in markets, or to avoid capital erosion. The Portfolio Manager will have a flexibility to build cash in case of return potential being achieved and where there is a significant chance of a correction, or range bound movement in the markets to enhance returns. Factors the Portfolio Manager may consider when choosing a stock for investment in this portfolio could be but not limited to:ï?· Sustainable Earnings visibility â?? Consistency of returns and quality of profitsï?· Businesses with strong moatsï?· Strong operating cash flowsï?· Sectors capable/witnessing high growth/tailwindsï?· High Return on capital employed [ROCE] and Returns on Equity [ROE]27ï?· Credible Management Track recordï?· Valuations in a position to be re-rated along with high growth.ï?· Whether stock is in investment phase aligned with high-growth market opportunity.ï?· Strong brands, products, market position.ï?· Quality management with track record of strong earnings growth.ï?· Analysing price trend of the securityï?· Relative strength analysis vs peers, sectors, benchmarkï?· Technical price chart patterns of the securityï?· Volumes pattern and Delivery volumes analysisï?· Trend line, Support & Resistanceï?· Fibonacci price retracements, extensionsï?· Moving averages, price bandsï?· Technical momentum indicators ï?· Promoter activity /Company key events/activitiesï?· Market sentiment and breadth analysis
Fund Managers
1 manager
Name
Ratish Varier
Fees & Investment
As disclosed to APMI
- Min. investment
- ₹50,00,000
- Fixed fees
- Not disclosed
- Variable fees
- Not disclosed
- Exit load
- Not disclosed
APMI does not publish a fee schedule for this strategy — confirm fees with the portfolio manager.
PMS Industry — SEBI
Latest monthly aggregate
- Total PMS AUM
- ₹44.11 Lakh Cr
- Total clients
- 2,23,279
- Discretionary
- ₹37.37 Lakh Cr
- Period
- july-2026
Industry AUM by asset class (top 5)
- Plain Debt Listed₹28.98 Lakh Cr
- Listed Equity₹7.60 Lakh Cr
- Plain Debt Unlisted₹5.00 Lakh Cr
- Mutual Funds₹1.93 Lakh Cr
- Others₹40,423 Cr
About
- Provider
- J M Financial Ltd
- Strategy
- Apex
- Benchmark
- BSE 500 TRI
- Source
- APMI
Strategy performance, AUM, fees and fund-manager details are sourced from APMI (Association of Portfolio Managers in India); industry aggregates are from SEBI’s monthly PMS disclosures. Returns beyond one year are annualised; past performance is not indicative of future results, and a PMS strategy carries no capital guarantee. For information only, not investment advice.