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SIMPL PMS

Scheme Rating

IME Scheme Rating

The Scheme does not meet our selection criteria at this time

IME Strategy Rating

Strong FM-Founded PMS: SIMPL has been set up by a pedigreed founder-manager investment team with a long-track record of consistent performance.

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 SIMPL PMS

Type: Mid & Smallcap | GARP | AUM ( cr) | Inc Date (1.1)

Investment Philosophy

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.

Investment Process

  • Universe: The majority of the institutional holdings are in the top 100 stocks which are fairly priced so the hunting ground is below that.
  • Earnings: Filter out companies with earnings growth >20%
  • Prudent Stock Selection: Through an internal forensic model, financial and business analysis.
  • Sectoral & Stock limits: Max 25% to a single sector, Max 20% to a single stock.
  • Timely rebalancing: Active calls on portfolio liquidity level and rebalancing to strengthen winners and cut out losers.

Trailing Performance

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Securities Investment Small Cap Value
S&P BSE 500 TRI
Alpha (over Broad Mkt BM)
Nifty Smallcap 250
Alpha (over Category BM)

Fund Managers

Securities Investment Small Cap Value

Not under coverage: This scheme is currently not under our coverage universe.Not under coverage: This scheme is currently not under our coverage universe.Strong FM-Founded PMS: SIMPL has been set up by a pedigreed founder-manager investment team with a long-track record of consistent performance. Strong FM-Founded PMS: SIMPL has been set up by a pedigreed founder-manager investment team with a long-track record of consistent performance. Experienced Core Investment Team: They have an experienced core investment team that has held extended tenures with the company and exhibits high familiarity with their investment approach. The investment team is led by Ravi Purohit (CIO), who has 20+ years of experience and has been with the company since 2008.Experienced Core Investment Team:mThey have an experienced core investment team that has held extended tenures with the company and exhibits high familiarity with their investment approach. The investment team is led by Ravi Purohit (CIO), who has 20+ years of experience and has been with the company since 2008.Nascent Fund: The fund is a relatively new fund, with less than a 3 year track record. The fund is yet to establish a longer-term track record. The track record of the AMC's other funds or the fund managers longer-term track record, may be considered keeping in mind the relevance of the older track records to this new offering.Nascent Fund: The fund is a relatively new fund, with less than a 3 year track record. The fund is yet to establish a longer-term track record. The track record of the AMC's other funds or the fund managers longer-term track record, may be considered keeping in mind the relevance of the older track records to this new offering.

AMC

AMC: (click link for detailed AMC review)