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SageOne PMS

Scheme Rating

IME Scheme Rating

3 of 5 stars

Concentrated Small & Microcap Strategy: Having already established the mid and small-cap execution credibility through the Core portfolio, this strategy goes down the market cap curve into the micro-cap territory. If execution continues well, this is a very good strategy for investors looking for small and micro-cap exposure. The market cap focus of 500 – 5000 cr is well below the market cap that most institutional fund managers focus on. Small & Micro-caps as a space are inherently volatile (especially micro-caps, where volatility can be substantially higher than even small-caps, which is where most FMs stay away from this space). Adding concentration in this segment increases the risk further. Investors should expect potential high volatility in this strategy (with periods of high outperformance & also high potential underperformance).

IME Strategy 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.

PMS Scheme Ratings are driven by IME’s Proprietary Scheme Rating Methodology, which takes into account our ratings of the Scheme’s investment strategy, its maturity, the investment team, and our separate rating on the AMC that runs this particular scheme. Our views on each of these individual criteria are available via the IME RMS – which you can view by reaching out to one of our relationship managers (using either the live chat or book appointment feature on this site).

IME View on SageOne PMS

Type: RE PE | Commercial RE | AUM ( cr) | Inc Date (5.2)

Trailing Performance

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
SageOne Small Cap 35.19 -9.6 81.3
S&P BSE 500 TRI 26.6 4.8 30.3
Alpha (over Broad Mkt BM) 8.6 -14.4 51
Nifty Smallcap 250 48.1 -4.9 60.1
Alpha (over Category BM) -12.9 -4.7 21.2

Fund Managers

SageOne Small Cap

Recommened only for Very Aggressive Investors: SageOne Small & Micro-cap run a substantially higher risk portfolio, even compared to other small-cap strategies. While this has the potential to deliver strong outperformance, this comes accompanied by the potential risk of large capital losses. We would recommend this primarily for more aggressive investors. Recommened only for Very Aggressive Investors: SageOne Small & Micro-cap run a substantially higher risk portfolio, even compared to other small-cap strategies. While this has the potential to deliver strong outperformance, this comes accompanied by the potential risk of large capital losses. We would recommend this primarily for more aggressive investors. Concentrated Small & Microcap Strategy: Having already established the mid and small-cap execution credibility through the Core portfolio, this strategy goes down the market cap curve into the micro-cap territory. If execution continues well, this is a very good strategy for investors looking for small and micro-cap exposure. The market cap focus of 500 - 5000 cr is well below the market cap that most institutional fund managers focus on. Small & Micro-caps as a space are inherently volatile (especially micro-caps, where volatility can be substantially higher than even small-caps, which is where most FMs stay away from this space). Adding concentration in this segment increases the risk further. Investors should expect potential high volatility in this strategy (with periods of high outperformance & also high potential underperformance).Concentrated Small & Microcap Strategy: Having already established the mid and small-cap execution credibility through the Core portfolio, this strategy goes down the market cap curve into the micro-cap territory. If execution continues well, this is a very good strategy for investors looking for small and micro-cap exposure. The market cap focus of 500 - 5000 cr is well below the market cap that most institutional fund managers focus on. Small & Micro-caps as a space are inherently volatile (especially micro-caps, where volatility can be substantially higher than even small-caps, which is where most FMs stay away from this space). Adding concentration in this segment increases the risk further. Investors should expect potential high volatility in this strategy (with periods of high outperformance & also high potential underperformance).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.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.Reasonably seasoned Team that has seen a lot of churn: Samit Vartak comes with a strong investment background, and he is supported by a 4 person research analyst team with a reasonable amount of experience. One concern is that the team has seen churn at the senior level, with Manish & Kuntal (co-founders of the business) having left SageOne in 2016.Reasonably seasoned Team that has seen a lot of churn:mSamit Vartak comes with a strong investment background, and he is supported by a 4 person research analyst team with a reasonable amount of experience. One concern is that the team has seen churn at the senior level, with Manish & Kuntal (co-founders of the business) having left SageOne in 2016.Mature Fund: With a 5 year+ track record, the fund has matured and investors should have an ability to guage performance of the fund across market condititions.Mature Fund: With a 5 year+ track record, the fund has matured and investors should have an ability to guage performance of the fund across market condititions.Strong Start: The performance of SageOne Small & Microcap has been strong since inception, having outperformed benchmarks in CY21 and CY23. The strategy is however young (launched in Apr-2019), and is yet to build its long-term track record (especially how it performs in weak small & mid-cap market environments). While the pedigree of the AMC and FM lend credibility to the strategy for now, we expect the strategy to have a volatile performance as is the case with any small cap strategy.Strong Start: The performance of SageOne Small & Microcap has been strong since inception, having outperformed benchmarks in CY21 and CY23. The strategy is however young (launched in Apr-2019), and is yet to build its long-term track record (especially how it performs in weak small & mid-cap market environments). While the pedigree of the AMC and FM lend credibility to the strategy for now, we expect the strategy to have a volatile performance as is the case with any small cap strategy.

AMC

AMC: (click link for detailed AMC review)