Absolute Return Strategy

Nuvama Asset Management Limited
PMS Debt
Benchmark
Crisil Composite Bond Fund Index
Inception Date
29 May 2023
Min. Investment
₹1,00,00,000
AUM (Cr.)
₹762.00
SIP Available
No
STP Available
No

Investment Strategy

Investment Approach

The Investment objective of the strategy is to generate steady predictable absolute returns over the medium term, with reduced volatility. This is a debt plus long/short strategy, intending to offer 12-13% gross returns through low-risk, low-exposure trades and a diversified portfolio across uncorrelated asset classes to smoothen out volatility

Investment Objective

The Investment objective of the strategy is to generate steady predictable absolute returns over the medium term, with reduced volatility. This is a debt plus long/short strategy, intending to offer 12-13% gross returns through low-risk, low-exposure trades and a diversified portfolio across uncorrelated asset classes to smoothen out volatility

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH 0.88% 0.23% 0.65%
3 MONTHS 3.00% 1.30% 1.70%
6 MONTHS 3.26% 2.01% 1.25%
1 YEAR 11.52% 6.82% 4.70%
2 YEAR 11.67% 7.87% 3.80%
SINCE INCEPTION 11.79% 7.26% 4.53%

Calendar Year Performance

Year Return
CY 2025 11.52%
CY 2024 11.87%

Financial Year Performance

Year Return
FY 26_YTD 9.86%
FY 25 9.07%

Past performance is not indicative of future results. Returns are subject to market risks.

Fund Managers

Naveen Baid

Fund Manager

Naveen has over 18 years of experience spanning both sell side and buy side roles. He began his career in 2007 as a research analyst in the captive research arm of one of the world’s largest hedge fund DE Shaw. His early career in the sell side at HSBC involved generating investment ideas in the midcap space, for institutional investors. He covered sectors like Real Estate, IT, Media & Entertainment in his early years. Transitioning to Aditya Birla Capital, his role expanded to cover more wider range of sectors like Autos, Auto Ancillaries, Healthcare, Pharma, Building Materials & Age businesses. During his 11 year stint at Aditya Birla Capital, he led a research team of New 7 analysts and was part of the investment committee, which oversaw investment in two PMS schemes. Naveen’s core strength lies in deciphering intelligence and analytics out of large quantitative data sets and using that to combine top-down and bottom-up style of best of both the investing, making the worlds. At Nuvama, he is responsible for managing the Nuvama Absolute Return Strategy [NARS], and Nuvama Equities eXpansion Target strategy [NEXT] PMS as part of the Listed Equities vertical within Nuvama Asset Management. Naveen has a background in commerce and holds a masters in finance from ICFAI, Hyderabad. He is also a CFA charterholder

Portfolio Details

Portfolio Composition

Large Cap
0%
Mid Cap
0%
Small Cap
0%
Cash & Equivalent
0%

Top 5 Holdings

  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A

Top 5 Sectors

  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A

Portfolio Characteristics

total number of stocks
N/A
top 5 stocks percent
N/A
top 5 sectors percent
N/A
average market cap
N/A
portfolio age
2 Yrs, 7 Months
sip
Not Available
stp
Not Available

Fee Structure

Fixed Fee

AMC: 1.75%

Variable Fee

AMC: 1.25%

Hurdle: 8%

Profit Sharing: 10%

Exit Load

Disclaimer

* Returns are as on31st December 2025 , * Returns over a 1 year period are annualized * Returns are calculated using the Time Weighted Rate of Return (TWRR) method and as provided by the respective AMCs. *ND (No Data) , * NA(Not Applicable) * Returns of the respective Benchmark Indices used are tabulated above. Benchmark(s) given are as per SEBI circular no. SEBI/HO/IMD/IMD-PoD-2/P/CIR/2022/172 dated December 16, 2022 and the APMI circular no. APMI/2022-23/02 dated 23rd March,2023 and Revised Annexure-1

This profile is provided for general informational purposes only and is based on publicly available information. While reasonable care is taken, the content may not always reflect the latest updates.

Nothing on this page constitutes investment, financial, or legal advice. Investment decisions should be made after consulting a qualified advisor and reviewing official scheme documents.

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Last Updated: January 2026 · Published by Affluense AI (affluense.ai)