Sameeksha Capital

September 2024* : Underperformance for the month, marginal alpha for FY25 till date, Forty third consecutive month of Top decile performance; Upside capture* 105%, Downside capture*** 52% * Period ending 30th September, 2024  ** Among multicap PMSes for five year period *** Five year Period https://lnkd.in/dag4VSh9

August 2024* : Top decile performance** every month for 42 months in a row; Upside capture*** 110%, Downside capture*** 49% * Period ending  31st August, 2024,  ** Among multicap PMSes for five year period , *** Five year Period #portfoliomanagement #performance #august2024 #equitymarkets #wealth #investments https://lnkd.in/d7ABY6Sg

July 2024* : Forty first consecutive month of top decile performance**, upside capture*** 108%, downside capture*** 53% * Period ending 31st July, 2024  ** Among multicap PMSes for five year period *** Five year Period #portfoliomanagement #performance #july2024 #equitymarkets #wealth #investments https://lnkd.in/dmh7K3jW

June 2024* : Marginal Underperformance, 40th consecutive month*** of top decile performance** * Period ending 30th June, 2024 , ** Among multicap PMSes for five year period , *** Five year Period #portfoliomanagement #performance #june2024 #equitymarkets #wealth #investments https://lnkd.in/gqZcNRUn

May 2024* : Thirty ninth consecutive month of top decile performance**, upside capture*** 108%, downside capture*** 54 * Period ending 31st May, 2024,  ** Among multicap PMSes for five year period, *** Five year Period #portfoliomanagement #performance #may2024 #equitymarkets #wealth #investments https://lnkd.in/djeW2nsQ

April 2024* : Thirty Eighth Consecutive Month Of Top Decile Performance**, Upside Capture*** 112%, Downside Capture*** 54% * Period ending 30th April, 2024 , ** Among multicap PMSes for five year period , *** Five year Period #portfoliomanagement #performance #april2024 #equitymarkets #wealth #investments https://lnkd.in/dHp5VKsN

March 2024* : Number One Again** And Thirty Seventh Consecutive Month Of Top Decile Performance***, Upside Capture**** 111%, Downside Capture**** 54% * Period Ending 31st March, 2024,  **; For Five Year Period Among Multicap PMSes With >Rs. 100 Crore AUM, *** Among Multicap PMSes For Five Year Period,  **** Five Year Period #portfoliomanagement #performance #march2024 #equitymarkets #wealth #investments https://lnkd.in/dty_DbHG

February 2024* : Number One Again** And Thirty Sixth Consecutive Month Of Top Decile Performance***, Upside Capture**** 115%, Downside Capture**** 60% * Period ending  29th February, 2024 , ** For five year period among multicap PMSes with >Rs. 100 crore AUM , *** Among multicap PMSes for five year period, **** Five year Period #portfoliomanagement #performance #february2024 #equitymarkets #wealth #investments https://lnkd.in/dfNntT48

While we have been writing every month about the consistency in delivering top decile performance on absolute as well as risk adjusted basis, we welcome the endorsement of the same from a very credible independent source doing objective and transparent analysis. In a ranking study done in collaboration with India's top ranked business school - Indian Institute of Management Ahmedabad, PMS AIF WORLD has awarded us the Number One position for Five year risk-adjusted performance. This recognition makes it a third year in a row of being awarded for the best-in-class performance by PMS AIF WORLD It is heartening to see that an increasing importance is being given to risk adjusted returns and not just pure returns by independent evaluators, reassuring our performance disclosing criteria. The evaluation was based on Information Ratio, calculated using monthly NAVs. A higher IR result implies a better portfolio manager who's achieving a higher return in excess of the benchmark, given the risk taken. For this year, about 137 PMS schemes were evaluated. Interestingly, our five-year Information Ratio (Table 1) is the highest among a total 42 qualified PMSes combined for both the categories: 'Large Cap and Multicap biased' and 'MidCap and SmallCap biased ' categories. We also had a substantial lead over the fund in Number Two Position. It is worth noting that the categorization of PMSes for this purpose is done based on the allocation of assets as of Dec 2023 and hence it is somewhat arbitrary. The allocation of assets among small cap, mid cap and large cap would have varied a fair bit for Multi-cap PMSes over the last five years and that was certainly the case for us. As such, one other way to compare is to take all the qualified funds that use BSE 500 or equivalent as the benchmark. Even in this comparison, we stand out (Table 2)

January 2024* : Thirty Fifth Consecutive Month Of Top Decile Performance**, Upside Capture*** 115%, Downside Capture*** 58% * Period ending 31st January, 2024  ** Among multicap PMSes for five year period *** Five year Period #portfoliomanagement #performance #January2024 #equitymarkets #wealth #investments https://lnkd.in/diqsP7YV