Scheme Rating
IME Scheme Rating
The Scheme does not meet our selection criteria at this time
Not a recommended fund: This is not a recommended fund, primarily because the AMC does not meet our selection criteria. We believe that there are better fund houses to invest in, within the Indian fund universe.
IME Strategy Rating
Quant-Based Strategy: Alphabots have a unique AI methodology, which is developed and improvised over the years by a team of researchers and data scientists and has demonstrated performance. This advantage is driven by their Systematic, Scientific, and Replicable methodology which works across assets, regions, styles, and mandates.
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 Right Horizons AlphaBots Prime
Right Horizons Alphabots- Investment Strategy
Alphabots is a diversified large cap focused fund. Their aim is to deliver superior risk adjusted return with the use of AI Framework for stock selection.
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
Trailing Performance
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| Right Horizons AlphaBots Prime | ||||
| S&P BSE 500 TRI | ||||
| Alpha over Broad Mkt BM | ||||
| Nifty 500 | ||||
| Alpha over Category BM |
Performance as of: 31-Jul-24 | Inception Date: 26-Apr-19
Fund Managers
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.
Fee Structure
| Fee Structure | Fee |
|---|---|
| Fixed Fee Structure | 2.5 |
| Variable Fee Structures | 1.25% fixed + 15% above 10% hurdle |
| Exit Fees | 1yr(2%), 2yr(1%) |
AMC
AMC: Right Horizons PMS (click link for detailed AMC review)
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.
Right Horizons PMS does not meet our criteria for PMS AMC Selection at this time. Understand our AMC rating criteria at AMC Rating Criteria or contact us via the LiveChat to learn more.
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.