Mid-market focused financial services firm Equirus Capital today launched a Portfolio Management Services (PMS) arm as part of expanding its current bouquet of offerings and cash in on the rising investor appetite for equities.
The PMS division will be headed by Viraj Mehta, who will be the fund manager for the division. Mehta was earlier with Franklin Templeton and ValueQuest.
Equirus, which recently strengthened its wealth management division, will focus on niche segment of clients through tailor-made portfolios under the PMS division.
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The Equirus PMS will have a bottom-up approach for research and will leverage the long track record of value creation by the institutional research team.
Commenting on the new business, Equirus managing director Ajay Garg said, "Over the past five years, we have been able to build a track record of identifying mid-market winners with bottoms-up research."
Mehta said he will primarily focus on niche businesses that have leadership position within the industry with high profit share. He expects to be early on the discovery curve of a business, thus enabling better earnings growth.
Founded in 2007, the city-based company is a full service investment bank backed by prominent investors. Over the past nine years, the company has completed over 100 transactions across capital raising, M&As and repeat business with marquee clients.
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