Sameeksha Retains Its Spot As A Clear And Consistent Leader In Performance

Sameeksha PMS (PMS = Portfolio Management service, an investment category suitable for qualified high networth investors, similar to a Hedge Fund in the US) retained its spot among the absolute best performers with top decile ranking across one two and three year time periods (Table 1). We were in fact 4th out of 102 funds based on three year data and first out of 135 funds for two year data. 

We had another good month on an absolute (up 4.9%) and relative basis (CNX500 TRI up 2.7% and small and midcap indices having flattish month). Table 2 captures this as well as details of our performance across all relevant time periods. 

In Figure 1 we show cumulative performance from investing in Sameeksha and compare it to the performance of total return indices.  Rupees 100 invested with Sameeksha would have grown to over 200 Rs over 4.6 years significantly outpacing CNX 500 TRI, Nifty MidCap 100 TRI and  Nifty Smallcap 100 TRI. It is worth also noting that there aren’t any index funds available as of today to mimic the performance of such indices and that underscores the challenges faced by most fund managers in achieving even index performance as discussed next. 

In Table 3a, we compare ourselves against the entire PMS universe and against various mutual fund categories. Focused and Multicap categories are the most relevant categories for comparison in our view. We have done far better than every relevant mutual fund category on a rolling three year basis for all the observation points.

Within the PMS universe, we have been consistently ranked in the top two deciles on a one year basis. (Table 3b) 

For us, it is important to deliver performance for our clients that join us at different points in time. In Table 4, we show performance of clients that have joined us at various points in time.

We capture our performance versus benchmarks on a financial year basis in Table 5. We have outperformed the key benchmark CNX500 materially for FY21 till date.

We capture our performance on a calendar year basis in Table 6.

Our Risk Adjusted returns continue to remain favourable compared to Indices that we are comparable with since our inception of the fund (Table 7).

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