The Opportunistic
Portfolio Management ServiceStrategy AUM
Trailing 1Y return
Trailing Returns
APMI · annualised beyond 1Y · as of 01 May 2026
- 1M
- +2.23%
- 3M
- +9.05%
- 6M
- +10.51%
- 9M
- —
- 1Y
- +17.85%
- 2Y
- +14.31%
- 3Y
- +24.95%
- 4Y
- +23.76%
- 5Y
- +19.34%
- Since Inception
- +9.16%
- Strategy AUM
- ₹10 Cr
- Benchmark
- BSE 500 TRI
Performance vs Benchmark
Strategy vs BSE 500 TRI · trailing returns, % · alpha = excess
| Period | Strategy | Benchmark | Alpha |
|---|---|---|---|
| 1 Month | +2.23% | −0.17% | +2.40% |
| 3 Months | +9.05% | −2.34% | +11.39% |
| 6 Months | +10.51% | −5.39% | +15.90% |
| 1 Year | +17.85% | −0.07% | +17.92% |
| 2 Years | +14.31% | +4.14% | +10.17% |
| 3 Years | +24.95% | +13.46% | +11.49% |
| 4 Years | +23.76% | +13.31% | +10.45% |
| 5 Years | +19.34% | +12.29% | +7.05% |
| Since Inception | +9.16% | +13.04% | −3.88% |
Monthly Performance
Growth of ₹100 invested · month-on-month · 13 months
| Month | Strategy | Benchmark | Alpha |
|---|---|---|---|
| May-2026 | +2.23% | −0.17% | +2.40% |
| Apr-2026 | +14.47% | +10.38% | +4.09% |
| Mar-2026 | −6.81% | −11.37% | +4.56% |
| Feb-2026 | +5.03% | +0.45% | +4.58% |
| Jan-2026 | −0.97% | −3.34% | +2.37% |
| Dec-2025 | −2.57% | −0.24% | −2.33% |
| Nov-2025 | +0.29% | +0.96% | −0.67% |
| Oct-2025 | +2.50% | +4.27% | −1.77% |
| Sep-2025 | +1.73% | +1.24% | +0.49% |
| Aug-2025 | −1.23% | −1.75% | +0.52% |
| Jul-2025 | −1.81% | −2.71% | +0.90% |
| Jun-2025 | +5.16% | +3.68% | +1.48% |
| May-2025 | +4.28% | +3.54% | +0.74% |
Strategy Details
APMI fact sheet
- Inception
- 04 May 2017
- Age
- 9.1 Years
- Min. investment
- ₹50,00,000
- Turnover (1Y)
- 2.00×
- Turnover (1M)
- 0.23×
- Product
- Equity
as of 31 May 2026
Asset classes
Investment objective
The investment objective of this Investment Approach is to generate long-term capital appreciation by following multi cap investing strategy, where the Portfolio Manager will focus on investing in listed equity shares of Indian companies and equity related instruments/units of the Exchange Traded Funds (�¢??ETFs�¢??) by following bottom up stock picking approach. The emphasis will be investing in those companies that are predominantly mid or small size companies as per their market capitalization. The Portfolio Manager may also deploy the funds in some value stocks across market caps. It may also invest in equity shares of special situation companies, which are companies that have experienced significant business problems however the Portfolio Manager believes that these companies have favorable prospects for recovery. Investment may be in any sector, that, in its opinion exhibit characteristics that are consistent with a growth style or a value style of investing. The focus will be to hold equity shares of 10-30 listed companies and/or units of the ETFs in the Portfolio. 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. It may have stagger investments in equity shares over a period of time in case if enough investment opportunities are not available. The focus will be on industries and companies where growth visibility is high and remain invested in such industries and companies till the potential is largely explored. In case of stalwarts (mature businesses, large caps) across the industries, strategy will be to look for price ranges from where these stocks may bounce by 30-50%, over a medium to long term time frame. The Investment Approach is intended for high risk taking investors who are willing to be patient with their investments, and to have exposure to a portfolio that may not initially move in tandem with broad market trends. The Portfolio Manager may also consider investing in any initial public offerings of equity share of any company. The indicative tenure or investment horizon will be long-term time horizon (3-5 years). The Portfolio Manager may invest in derivatives and/or related instruments only to hedge or re-balance the portfolio. Subject to the Regulations and the applicable guidelines, the Portfolio Manager may engage in Securities Lending activities. While investment decision of the Portfolio Manager may be guided by the above perceptions, the same are indicative in nature. The Portfolio Manager retains the flexibility to change the investment strategy from time to time, keeping in view market conditions, market opportunities, and political and economic factors.
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
- The Opportunistic
- 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.