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Roha Asset PMS

PMS Rating

IME PMS Rating

3 of 5 stars

Not a top recommendation as it is still a young AMC at this time : Roha is still a young PMS firm (started in 2020) that is yet to prove its investment management credentials. The group that controls Roha AMC is involved in other business verticals, beyond other financial services such as real estate, solar & wind energy, and healthcare (which makes it a bit unclear in terms of the focus on its AMC business). While these are concerns, Roha has a sound strategy and has a pedigreed fund manager, Dhiraj Sachdev, with over 2 decades of experience. The AMC is still nascent and we would recommend waiting for it to mature.

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 (372cr) | Promoter Category ()

PMS Background

Roha PMS was started in 2020 that is led by Dhiraj Sachdev (Managing Partner & CIO) comes with more than 2 decades of experience. Prior to Roha, Sachdev was at HSBC as Senior Fund Manager, ASK investment and HDFC Bank.

Roha Asset Management is part of the larger financial offerings of Roha capital and holdings, with other verticals including housing finance and broking. The group also operates in the healthcare, solar & wind energy, real estate and manufacturing sectors as well with a presence across 22 countries.

PMS Investment Philosophy

Roha PMS aims to invest in ’emerging champion companies’ by aiming to invest in small or midcaps listed equities. This is to focus on investing in company’s that show the great character of business with sustainable growth potential, capital efficiency and cash flows so these companies can eventually become large companies tomorrow.

Roha Follow an exhaustive stock selection process in identifying potential large companys’ of tomorrow by focusing on:
  • Catch them Young-Early mover advantage
  • Qualifying Qualitative, and Quantitative Parameters
  • Extensive Research and Filtration process

Investing in 'emerging champion companies' by investing small & mid cap which have certain pros.

Investment Process

  • Generate Idea through filter to screen large universe of stocks that is based on stringent quality criteria like cash flows, growth, ROCE, profitability
  • Conducting primary research by interacting with management, distributors, channel partners, peer/competitive checks and customers
  • Forensic study of accounting, balance sheet and financial numbers to avoid  fraudulent companies with poor corporate governance standards. 
  • Research report and final view based on team and investment committee debate & discussion, future business outlook, management capability and valuations

RISK MANAGEMENT

  • Stock Concentration: 10%
  • Sector Concentration: 25%
  • Sell: when fair price, relative alternate opportunity, assumptions reverse.

Inv Team

Investment Team

Dhiraj Sachdev | 4-star rated FM

Managing Partner & CIO | 25 yrs Experience | 6 yrs at current firm

Past Experience: VP & Senior Fund Manager (HSBC Asset Management), Fund Manager (ASK Raymond James)

Dhiraj Sachdev comes with over 2 decades of experience. Formerly, a Senior Fund Manager at HSBC Global Asset Management. Prior equity fund management experience includes ASK Investments and HDFC Bank. Qualified Chartered Accountant (CA) from ICAI and a Cost & Management Accountant (CMA) from ICMAI Institute along-with a Diploma in Foreign Trade Management (DFTM) from Mumbai University.

PMS/AIF Schemes

PMS & Listed Equity AIF Schemes

Returns as of 28-Feb-24.

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Note: PMS AMC & Scheme Reviews and Ratings are based on IME Capital’s Proprietary Review and Rating Methodology (read more here: AMC Rating & Scheme Ratings). These reflect the unbiased views of our central research team, based on our assessment of the investment value of these PMS/AIF strategies for our investors. We follow a highly stringent rating-criteria, where approximately 50% of PMS AMC’s & strategies would be rated 2-star or below (this is not meant to indicate that these funds are not investment-worthy, but that they do not currently fulfill the requirements we focus on for recommending funds to our investors — based on our internal views on the merit of the AMC/strategy relative to peers). Reviews & Ratings are primarily based on research of publicly available information (SEBI disclosures, PMS websites, PMS-aggregation platforms, webinar recording, media interviews etc.) and no explicit consent is required from AMCs for the same. While we endeavour to do further due-diligence via direct interactions with the investment teams of AMCs, this is typically restricted to AMC’s that meet our foundational fund selection criteria (reviews on lower-rated AMCs are often based solely on publicly available information). The views reflected in our Reviews & Ratings, are our independent views and may not be shared by the AMC’s and the investment teams. Please read detailed disclaimer for more.