Portfolio Management Service (Segregated accounts)
Sameeksha Capital has been offering discretionary Portfolio Management Services (PMS) since April 2016. Sameeksha PMS predominantly invests in Indian listed equities, and is available to Indian residents as well as Non Resident Indians (NRIs) either through repatriable (NRE) or non repatriable (NRO) route. As of 30th August, 2024, we manage over ~ INR 1540 crores ($183 million) of assets under this platform. The founder, Mr. Bhavin Shah, and the founder-controlled entities represent just under 11% of assets we manage suggesting strong alignment with our clients. Further, the vast majority (58%) of our ~490 clients have come to us based on word of mouth and they also represent >83% of our assets under management.
India Domiciled Alternative Investment Fund (AIF)
Sameeksha Capital Investment Fund, a SEBI registered CAT-III AIF, to which Sameeksha Capital Private Limited is the Investment Manager, has launched one open-ended scheme – Sameeksha India Equity Fund. The scheme was launched in Feb 2022 and it follows the same investment strategy and approach as Sameeksha PMS. As of 30th August, 2024, the fund manages over ~ INR 284 crs ($33 million) of assets with ~ 11% belonging to the Investment Manager.
IFSC Domiciled AIF for overseas Investors
Sameeksha India Flexicap Equity Fund, an IFSCA registered CAT-III Alternative Investment Fund (AIF), was launched by Sameeksha in March 2024. The fund is strategically based in GIFT City, Gujarat – India’s first International Financial Services Centre (‘IFSC’). This fund is a US dollar denominated fund and provides a unique opportunity to the non-resident investors, including NRIs to benefit from India’s high-growth potential. The fund invests in Indian equities and follows the same investment strategy and approach as Sameeksha PMS and India domiciled AIF. The jurisdiction of GIFT IFSC is backed by progressive and world class regulatory framework. It offers various tax benefits to investors and businesses, and provides a conducive environment to the financial institutions. Leveraging GIFT City’s financial prowess and tax benefits, the non-residents can explore new possibilities to participate in India’s growth story. As of 30th June 2024, the fund has a total capital commitment of ~ $9.6 million, out of which ~$6.2 million is already received and managed by the fund. Out of the capital contribution received, about 24% belongs to the investment manager
