Sameeksha

Ten reasons why you should invest with Sameeksha -
1. What investing means to us: For us, investing is not entertainment. No fancy slogans, buzzwords, punch lines or “easy” themes. We do not wish to glamorize or trivialize stock picking and fund management. For us, it is about rolling up our sleeves and doing a lot of detailed “mundane” work to avoid the landmines and find that rare gem.
2. Integrity: Track record of objectivity and impeccable integrity fully endorsed by top most global institutional investors. By being very selective in endorsing only the right companies, the founder, Mr. Bhavin Shah has given up many opportunities at Credit Suisse, JP Morgan, and other Start-ups to earn lucrative bonuses or get promoted.
3. Investment in resources: Right from the beginning, we have chosen to invest in having a full strength research team composed of people who are passionate about and proficient in equity research and we will continue to follow this strategy of investing in the business far ahead of revenues
4. Investment in technology: Investing is not rocket science; however, we must embrace technology or face obsolescence. We chose to be a 100% cloud based company five years before Covid. We are one of the very few PMSes that has its own software development team to aid our research and operations.
5.Ability to invest in under: researched companies : We invest in companies across market cap spectrum and can operate below the radar of larger Institutional Investors. many larger funds. We have been following a strategy of reaching out to companies relatively unknown to the market for the last ten plus years and identified many winners.
6. Unique Investment Strategy: We focus on process driven investing and have developed proprietary analytical models and methods which we follow rigorously to identify companies with superior risk-reward characteristics. A comprehensive set of rules guide us in our investment process and arguably reduce individual biases and mistakes.
7. Alignment of interests: With a very large personal commitment to the fund, the fund manager’s economics are greater from portfolio performance than fees. Furthermore, the fund manager does not have any material side pockets in Indian Equities other than PMS and AIF managed by him.
8. Roll up the sleeves: We are willing to do what it takes to learn about a company. For example, we travel to the far corners of the country to attend AGMs where we must sit in the audience and wait our turn to ask questions. By this way, we establish rapport with the company management and are able to learn a lot about their business in the process.
9. Investor friendly performance fee: Many variations exist in the industry for calculation of performance fee.
10. Emphasis on learning: Learning from our own mistakes, learning from others and striving to continuously refine our process and our tools to enable us to retain our competitiveness

We look at an investment horizon of 2 to 3 years. However, we are active investors and constantly keep looking for new opportunities. Our software development effort allows an analyst to do more interesting work since a lot of mundane tasks are automated.

We are not afraid to take cash calls when necessary but we do this only rarely and only when risk to capital is high e..g At the start of Covid, we went from 100% invested at the beginning of March 2020 to 35% cash in a very short time. We have a strict buy-sell framework. This means that we may sell a stock if it achieves our price objective and if we do not have other alternative ideas to invest, we do not mind sitting on cash till we find a better idea.

We believe in growth but at a reasonable price / value. We primarily invest in a company when the stock is available at a price below the level from which we can expect to generate returns that are the same or higher than our minimum required rate of return over a horizon of 2-3 years. Similarly we would sell a stock if we think it is no longer attractive - where an incremental return potential is very limited. Since we follow the said buy-below and sell-above price framework, we do not follow a model portfolio approach. So if an investor onboards with us now, the stocks purchased in his/her portfolio may be different from the stocks purchased in a portfolio say a year ago. Therefore, the new investor’s portfolio is a subset of the oldest portfolio and eventually, the portfolios naturally converge. Till the time the deployment is completed and the portfolio is built, the funds of the investor will temporarily remain in liquid funds such as liquid ETFs.
We also have a Systematic Transfer Plan (STP) wherein the funds get invested in a staggered manner at regular intervals as mutually agreed between Sameeksha and the investor.

Yes, Modalities are different for NRIs account opening.

i. Sameeksha will open NRO/NRE Savings Bank account and PIS account with HDFC Bank.

ii. Demat account will be opened with Nuvama Wealth and Investment Ltd and Trading account with Emkay Global Financial Services Ltd.

iii. Investors will have to notarise their KYC Documents and Power of Attorney (sent by us) in their respective foreign country from Notary Lawyer or Indian Embassy or Apostille or local bank having branch in India or Indian bank having branch in that investor’s country.