Sameeksha PMS Starts New Financial Year With Strong Alpha In April

Broader markets for the month of April remained flat amidst rising second wave of Covid 19. Sameeksha PMS, however delivered a significant alpha of over 3.5 percentage points over its benchmark CNX 500 TRI (Table 1).

We maintained our top ranking within our PMS universe across all time periods with right at or near top ranking for the periods of two, three and five year periods (Table 2). 

For the entire PMS universe, we sustained our top ranking for longer durations of two, three and four years. Sharp rally in small cap and mid cap stocks has enabled PMSes focussed on those categories to deliver strong performance and yet, we have come through within top two deciles across all PMSes  (Table 3).  What is also important to note is that not a single PMS has outperformed us for all the four periods (one,two, three, four and five years).

An investment of Rs. 100 with us since inception would have grown to Rs. 273, hugely outpacing the relevant indices with the gap continuing to widen over recent months (Figure 1).

For a three year period ending April 2021, we have meaningfully outperformed all the major relevant mutual fund categories that we are comparable with and maintained our top decile ranking across both our comparable universe of Multicap PMSes as well as across the entire PMS universe (Table 4). Also included in Table 4 is a similar comparison on a rolling three year basis over the last eight quarters. 

On a rolling one year basis, we have been consistently ranked in the top two deciles among the PMS universe (Table 5). 

Portfolio returns of our clients irrespective of their date of investing with us, continue to far outpace the benchmarks (Table 6).

We capture our performance versus benchmarks on a financial year basis in Table 7. We have kick started FY22 on a strong note delivering significant outperformance over our benchmark CNX 500 TRI(Table 7). 

We have delivered good Risk Adjusted returns compared to Indices that we are comparable with since our inception of the fund (Table 8).

We welcome any follow up questions. 

DIsclaimer : The information contained in this newsletter has not been verified by SEBI.

Among The Most Successful Professionals In Equities; Rated The #1 Technology Sector Analyst In Institutional Investors Polls For A Decade. Highly Respected Among Peers For His Path-Breaking Work And Thought Leadership. Rose From An Associate To Managing Director Within A Span Of Six Years In The Investment Banking Industry

Twenty Years Of Experience Building Top Research Franchises: Seven Years As Managing Director And The Global Head Of Technology At JP Morgan, Six Years As Director And Head Of Asia Pacific Technology At Credit Suisse And Five Years As Founder Of Equirus SecuritiesTrack Record Of Innovation And Excellence In Equity Research

Anchored The Rise Of Credit Suisse  From An Unknown Name In Asian Equities To A Number One Ranked Firm In Asian Equities; Head Of Asia Pacific Tech Research

Credited For Building Top Ranked Global As Well As Asian Tech Research Practice At JP Morgan As MD And Global Head Of Tech Research; Made Defining Contribution To Enable JPMorgan To Move From An Also-Ran Player To A Top Global Name In Equity Research

Built A Very Profitable And Award Winning Indian Equity Business At Equirus From Scratch On A Tiny Budget; Achieved Number Two Ranking In Asia For Idea Performance

Impeccable Track Record Of Identifying True Long Term Winners Ahead Of Others Including Samsung Electronics, TSMC, Infosys And TCS And Guiding Investors To Stay Clear Of Laggards Such As UMC And SMIC Years Ahead Of Consensus.

Mind Of An Engineer, Worked In A Team That Designed The World’s Fastest Microprocessor With A Manta “Paranoia Is The Safest Frame Of Mind”. Awarded Two US Patents.

Work Experience Of Designing The World’s Fastest Microprocessors Based On Cutting Edge Technology For Which He Jointly Holds Two US Patents

Best In Class Business Education From The World Renowned Business School: Double Major In Economics And Finance, Beta Gamma Sigma Cum Laude From The University Of Chicago Booth. Excelled In Studies Under World Renowned Faculty Such As Dr. Raghuram Rajan, Former Governor Of The Reserve Bank Of India