Fortune Wealth Targets to Grow its Multicap Portfolio Fund to Rs. 500 Crore by 2025

Fortune Wealth Management Company (Fortune WMC), a SEBI-registered Portfolio Management Service (PMS) company, is all set to take the Assets Under Management of its Multicap Value Fund to over Rs. 500 crores by 2025.

A leading stockbroking firm with over a 20-year track record, Fortune WMC received SEBI’s PMS license in March 2024, and has launched the Multicap Value Fund in June 2024. Since its launch, the company has mobilized Rs. 320 crores. For the expansion of its client base of high net-worth individuals and better investor services, it will be opening representative offices in major metros such as Mumbai, Bangalore, and Chennai.

Fortune WMC accepts a minimum investment of Rs. 50 lakhs. Its PMS product focuses on companies with strong fundamentals across small, medium, and large cap stock categories. The Fund has already mobilized Rs. 320 crores from its existing client base. The company has partnered with ICICI Bank for Custodial and Fund Accounting services.

With a promoter background of more than 30 years in the capital market, Fortune WMC has built a solid track record. It is a member of NSE, BSE, MCX, and a Depository Participant of CDSL. It offers a comprehensive range of services in the capital market, serving over 10,000 clients through its network of branches and Authorized Persons across Tamil Nadu, Kerala, and Karnataka.

The PMS fund will be headed by Mr. Jose C Abraham, the company’s Founder and Chief Investment Officer, who has extensive experience in banking, foreign exchange, and the capital market. He will be supported by a team of analysts, both technical and fundamental.

In his comments, Mr. Jose, said, “There are a large number of high net-worth individuals with considerable surplus for investments. However, many of them currently achieve subpar returns as they do not avail the services of financial experts who have the necessary knowledge and experience to help them realize optimal risk-adjusted returns. Leveraging our expertise in the capital market, we are well positioned to bridge this gap. Our PMS will be guided by the belief that share prices are a function of a company’s present and future profits. And we are confident that investment opportunities exist in all market conditions – and investors should proceed without undue concern for market cycles while endeavoring to ensure capital protection and optimal growth.”

As for the unique offerings of the company, Ms. Megha Jose, Head – Business Growth, said, “We aim to provide high-quality wealth management services, one of our key differentiators being the way we communicate with our clients. We have established and maintained one to one relationships with our clients at our senior most levels. This helps us build trust and bring our clients on board with our investment philosophy and rationale behind the constructions of their portfolios.

Fortune WMC’s Multicap Value Fund includes shares from various sectors of India’s industrial and financial landscape. The investment approach focuses on selecting companies with growth opportunities, market attention, and valuation comfort.