facebook

SageOne PMS

PMS Rating

IME PMS Rating

4 of 5 stars

Highly recommended for aggressive investors looking for significant value creation opportunities: SageOne has a clear investment philosophy that focuses on investing in fast growth & high-quality businesses for the long run. Their CIO Samit Vartak has developed his investment credentials at SageOne, and with close to a decade's track record he may now be considered a seasoned investor. Supported by a strong research team and a strong philosophy, SageOne PMS is a good AMC for investors seeking mid & small-cap exposures.

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 (2863cr) | Promoter Category ()

AMC Background

SageOne was founded in 2012 by Samit Vatrak, an investment professional with credentials in private equity and corporate advisory. SageOne applied for a PMS license in 2017, and launched their first offering Sage One Diversified Portfolio in Jan-2017. They have since launched a small/micro-cap PMS & large-cap portfolios, along with AIF strategies. Via SageOne, Samit aims to bring the longer-term private equity approach style of investing to listed equities.

Investment Philosophy

The SAGE acronym helps define the type of companies that SageOne seeks to invest in – Sustainable, Accountable, Growth-oriented and Efficient.

The aim is to invest in high-conviction growth businesses that have a sustainable competitive advantage and are run by clean and competent management at reasonable valuations. The focus is on investing in superior businesses, and SageOne will not invest in a weak business irrespective of how attractive the valuations may appear.

Investment Philosophy Built On

  • Superior Growth: minimum 20% compounded earnings growth at individual level and 25% at portfolio level
  • Market Share Gains: to contribute to incremental growth in earnings
  • Profitability: strong and profitable businesses with >20% ROEs to fund growth internally
  • Capital Allocation: incremental ROE higher than existing ROEs
  • Efficient Moat: most efficient players industries (leaders or expected leaders due to superior strategy and positioning)
  • Reasonable Valuation: SageOne will not invest in a weak business irrespective of how attractive the valuations may appear.

Risk Management

  • Prudent Stock Selection: driven by financial and business analysis, internal forensic model to eliminate questionable business practices and management, and portfolio construction to minimise non-systemic risk
  • Sectoral and Stock Limits: Maximum 25% exposure to a sector and maximum 20% exposure to any business group
  • Timely Rebalancing: Active calls on liquidity based on external risk factors (macro, market volatility and valuations)
  • Active Monitoring and Action: Strong network across industries for channel checks. Active entry/exit on changing business dynamics.

Inv Team

Investment Team

Samit Vartak | 4-star rated FM

Founder & CIO | 25 yrs Experience | 12 yrs at current firm

Past Experience: Axis PE (VP), Ernst & Young (Associate Director)

Samit is the Founding Partner & CIO of SageOne. He has experience in Private Equity (at Axis PE Fund) and Corporate Strategy, Investment Banking and Business Valuations in the US (at E&Y and Deloitte).

PMS/AIF Schemes

PMS & Listed Equity AIF Schemes

Scheme Category Style 1 yr 3 yr 5 yr Since Inc
SageOne Small Cap Small Cap GARP 35.1 17.4 29.2 28.4
SageOne Mid & Small Cap Mid & Smallcap GARP 67.2 21.6 24 19.6
SageOne Flagship Growth 1 AIF Mid & Smallcap GARP

Returns as of 31-May-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