facebook

Right Horizons PMS

PMS Rating

IME PMS Rating

AMC does not meet our selection criteria at this time

Not a recommended AMC: While Right Horizons has matured and also developed a certain level of scale & performance, we would still wait a bit prior to recommending Right Horizons for investments - primarily on account of the high level of volatility in annual performance which we would like to first see stabilise.

The PMS/AIF AMC Rating is derived on the basis of our analysis on 5 key qualitative parameters that we use to analyse the quality of a PMS/AIF Provider. These include an assessment of the size of the AMC, the pedigree of the AMC, the pedigree of the team, the value of the investment philosophy & the level of differentiation. These insights of our central research team are documented in the IME RMS, and can be accessed during a consultation call with an IME PMS specialist.

PMS Background

Discretionary AUM (627cr) | Promoter Category ()

PMS Background

Right Horizons PMS started in 2015 is the asset management arm of the Right Horizons Wealth Management group (a bangalore based investment advisor with 1000cr+ in assets). Fund Management Team has an experience of more than 40 years in investment and research. 

PMS Investment Philosophy

Right Horizons PMS aims at delivering superior Risk-Adjusted Return by following a robust risk management methodology, using a structured Investment Process as well as using an in-depth Fundamental and Quantitative analysis. 

Stock selection using bottom-up Approach based on: 1) Market Size, 2) Sustainable Growth, 3) Promoters Stake in business, and 4) Value Generation factors

Investment Process

  • RH Screener: RH screen from a universe of 1300 companies based on ROE, ROCE, PAT Growth, Promoter holding, etc. 
  •  RH Scorecard: Their Stock Evaluation Framework is built based on the emphasis on Valuation and Return Ratios, Forensic Filters and Selected line items from Financial Statements. 
  • RH Risk Radar: Their Risk Evaluation Criteria looks at regulatory changes to be able to capture business risk, limit sector and stock level exposure and re-balance portfolio.
  • RH Pendulum: Stock re-balancing framework giving focus on both fundamental levels and opportunistic technical levels. 

Portfolio Construction

Core Portfolio: Capital Efficient high growth companies ~ 80% portfolio allocation 

Satellite Portfolio: Companies with turnaround stories/ Contrarian bets having higher margin of safety and greater risk-reward potential ~ 20% portfolio allocation

Strategy

Inv Team

Investment Team

Anil Rego | 3-star rated FM

Founder & CEO | 27 yrs Experience | 21 yrs at current firm

Past Experience: Manager – M&A and Business Planning (Wipro)

Anil Rego started his career with Wipro Technologies with roles in Business Planning and Mergers and Acquisitions. Later, in Oct 2003, he went on to start Right Horizons (with an initial focus on wealth management). Anil has also served as a member, Board of Governors, at IBSAF.

Piyush Sharma | 3-star rated FM

Portfolio Manager | 20 yrs Experience | 14 yrs at current firm

Past Experience: Co-Founder and Portfolio Manager (Metis Capital Management Ltd.), Principal (Contravest Associates), Senior Equity Analyst & VP (Longbow Research)

Prior to joining Right Horizon, Piyush Sharma’s experience was as an international investor investing in India through listed equity-focused offshore and onshore structures. The experience runs across several industries in the USA and India, including Business Services, Auto & Auto parts, Consumer Products, Specialty Retail, Consumer Finance, and Special Situations.

Prabhat Ranjan, CFA | 2-star rated FM

Asst. Fund Manager | 12 yrs Experience | 6 yrs at current firm

Past Experience: Associates – Investment & Research (Client Associates), Production Engineer (Schneider Electric)

Prabhat Ranjan comes with over 5 years of experience in equity research. Previously, he was an Investment and Research Associate at Client Associates, aiding private bankers with asset allocation, model portfolio creation, and product selection. Prabhat is a CFA Charter Holder and had completed his MBA from Delhi School of Economics.

Vijay Chauhan | 2-star rated FM

Asst. Fund Manager

Covers Financial Services, Pharma, IT and Consumer amongst other sectors. Previously, raised the capital with other partners from Surat-based Investors; invested in Indian Small Cap and Micro Cap Companies. Vijay has done his B.Tech from IIT and MBA from IIM.

PMS/AIF Schemes

PMS & Listed Equity AIF Schemes

Scheme Category Style 1 yr 3 yr 5 yr Since Inc
Right Horizons Super Value M&S Cap Flexi Cap Value 35.1 26.2 38 17.7
Right Horizons Undervalued Mid & Smallcap GARP 62.6 29.9 26 11.2
Right Horizons Business Leader Large Cap GARP 38.9 18.8 21.6 12.7
Right Horizons Flexicap Flexi Cap GARP 32.5 20.8 24.8 13
Right Horizons AlphaBots Prime Large & Midcap Quant

Returns as of 31-July-24.

Free 30-Day Trial of the IME RMS

Details shared above, are only a short-snapshot of the more detailed analysis that resides in IME’s Proprietary RMS (Research Management Solution).

The IME RMS is the first tool ever, to give investors direct access to the insights of the central research team. Investors gain direct access to our ratings, rating rationales & analysis across thousands of funds (MFs, PMSs, AIFs, Global funds), asset classes, categories & more.

 Learn More