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Roha Emerging Champions

AUM (309 cr) | Inc Date (29-Jul-2020)

Scheme Rating

IME Scheme Rating

3 of 5 stars

Roha emerging is a sound strategy with a fund manager with over 2 decades of experience. Relative to other small and mid-cap funds with a longer-term track record, Roha Emerging does not yet have a longer-term track (especially with relation to how the strategy performs in weak market conditions). The AMC has witnessed recent churn in its investment team, Dhiraj Sachdev (FM) has left the firm. Investment team churn remains a key risk for the AMC.

IME Strategy Rating

3 of 5 stars

Clear small and midcap focus with very strong themes and risk management.

AMC Rating

3 of 5 stars

AMC: Roha Asset PMS (click link for detailed AMC review)

Roha is a new PMS firm established in 2020 with unproven investment management credentials. The group controlling Roha AMC is engaged in various businesses beyond financial services, raising concerns about focus. The AMC has witnessed recent churn in its investment team, Dhiraj Sachdev (FM) has left the firm. Investment team churn remains a key risk for the AMC.

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).

Emerging Companies Strategy

RATIONALE

  • Focus on select small and mid cap companies post-market correction to generate alpha or superior returns
  • Emphasis will be stock specific based on management capability, business quality like size of opportunity, capital efficiency, scalability etc besides attractiveness of valuations.
  • The aim is to get the real benefit of early mover advantage and power of compounding.

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.

Trailing Performance

1yr 3yr 5yr Since Inception
Roha Emerging Champions -4.5 19.9 33.3
S&P BSE 500 4.5 13.7 21.8
Alpha over Broad Mkt BM -9 6.2 11.5
Nifty Midcap 150 5.2 21.1
Alpha over Category BM -9.7 -1.2

Performance as of: 30-Apr-25 | Inception Date: 29-Jul-20

Fund Managers

Daljeet Singh Kohli | 4-star rated FM

Head Equity | 26 yrs Experience | 1 yrs at current firm

Past Experience: Vasuki India Fund, Stockaxis (CIO), Valentis PMS, Bonanza, IndiaNivesh Securities

Daljeet Singh, with over 25 years in Indian capital markets, holds an MBA from IMT Ghaziabad. Before joining Roha Asset Managers LLP as Head of Equity, he led Research & Strategy at Vasuki India Fund and managed a multi-cap PMS at Valentis Advisors. He has also held leadership roles at Stockaxis, India Nivesh Securities, and other reputed financial firms.

Rajdeep Singh | 3-star rated FM

Portfolio Manager | 16 yrs Experience

Rajdeep Singh, with over 15 years in Indian capital markets, is an engineer with a finance specialization from Mumbai University. He spent 14+ years at ASK Investment Managers in equity research across sectors and managing PMS and multi-cap advisory strategies. He now serves as Portfolio Manager at Roha Asset Managers LLP.

Fee Structure

Fee Structure Fee
Fixed Fee Structure 2.3
Variable Fee Structures 1.5% fixed + 15% over 10%
Exit Fees 1yr(1%)

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