Finance

Accuracap Focus PMS Strategy

Why AAA?

Founders are Fund Managers

Rajesh Kothari, Founder of the firm is CIO of AAA PMS.
Prior to AAA, Rajesh was Fund Manager with DSP MF & Partner with Voyager Investment Advisors (FII).
Received CNBC TV18 - CRISIL Mutual Fund of the Year Award & Platinum Fund Manager Award for DSP EQUITY FUND.
No risk of change in guards for the client which ensures 100% commitment and alignment of interest with investors.

Client Centric Business Model

AAA is only into PMS & Investment advisory and not into other businesses like broking, wealth management, etc. Hence, no conflict of interest for the clients.
AAA clients enjoys the benefits of directly communicating with the founder, thereby ensuring enhanced understanding.
AAA clients includes family offices, UHNIs and AAAPMS product is presently distributed by well known national distributors.

Superior Track Record

AAA PMS is one of the few players in the industry which has completed 14 years.
During the last 14+ years, AAA IOP PMS delivered 18.7% CAGR vs 13.1% CAGR reported by BSE 500 Index.
AAA IOP PMS received Best 10 year Performance Award (rank 3) in the country for delivering superior risk adjusted returns across categories by PMSAIF World (Feb24)(data analysed by IIM Ahmedabad).

The Team

Rajesh Kothari- Founder and Managing Director: About

Rich experience of more than 29 years in Indian capital market with expertise in both Long Only & Long Short investment strategy
Former Director with Voyager Investment Advisors (US$500m) – USA based India dedicated fund. During his tenure, fund Outperformed the benchmark indices significantly.
Former Fund Manager with DSP Merrill Lynch Fund Managers (DSP MF) for more than four years. The schemes delivered annualized return of 55% (Equity Fund) & 62% (Top100 Fund) outperforming benchmark indices by more than 20% & 10% respectively. The equity schemes maintained its “1st Quartile Ranking” consistently during his tenure.

Achievements

Received CMA Young Achiever Award 2014
Rated as “Platinum Fund Manager” by Economic Times for DSP ML Equity Fund on a risk-adjusted return basis (Jul 2006)
Received CNBC TV18 - CRISIL Mutual Fund of the Year Award 2006 for DSPML Equity Fund and Lipper India Fund Awards 2006 for best equity fund group for 3 years
Invited at Maharashtra Economic Summit to present views on Indian Infrastructure
Invited by Institute of Directors to present views on Governance Deficit
Actively involved with Arham Yuva Group philanthropic initiative

Govind Agarwal: About

Rich experience of 29 years in Indian capital market
Former Fund Manager with Reliance Capital Asset Management Company (USD 20bn) for over four years. Reliance Emergent India Fund (USD 100m offshore fund) outperformed benchmark indices by 35% since its inception. Played instrumental role in setting up Macro Economic Research desk
Former Executive Director with UBS Securities India Pvt Ltd for 4 years as India Account Manager for large FIIs and guided the portfolio managers for right country, sectors and stocks allocation. Former Senior VP – Equity Sales with Motilal Oswal Securities Ltd for 10 years. Played key role in establishing institutional equity broking business, systems and processes

Achievements

Represented Reliance AMC on international platforms and panel discussion on Emerging Markets and Indian Equity Market
Addressed investors’ meet and the private banking teams of large banks in Middle East, Asia, London, Europe and in India
At UBS, was voted as the “Best Equity Sales Person‐Mega Funds category, Asia Money 2006”
Won several awards at Motilal Oswal for consistently contributing to Institutional Equity Sales

Investment Philosophy

Protect Capital, Create Wealth

DISCIPLINED EXIT STRATEGY: We have a disciplined Exit strategy. We sell/reduce due to rebalancing of the portfolio, change in growth assumption of our portfolio company, expensive valuations.
DIVERSIFICATION: Three important risks : Governance, Technology and Business cycle - can be reduced only by Diversification. We invest across market cap, sectors, and companies to reduce company/sector specific risk.
STAGGERED APPROACH: We build the portfolio over a period of time. We do not follow Model portfolio approach.

Creating Wealth - 3M Approach

Market Size: Market size determines size of opportunity. We prefer companies which are targeting large market size to generate exponential returns.
Market Share: We buy the companies which are leaders in their sector as they are best positioned to navigate upturn and downturn of the economy.
Margin Of Safety: Price is what you pay. Value is what you get. We buy the companies which are available at reasonable valuations.

Quality

Internal Checks

Forensic Assessment

Internal Checks

Longevity Assessment

Exit Strategy

We exit when....

There is a need to rebalancing weights for risk management purposes
A company no longer meets our buy/hold criteria
A company no longer meets our valuations criteria
There is no longer a durable double digit return expectation for a company 's stock
There is a more compelling investment opportunity to fun The only constant is change. The average lifespan of a company listed on the S & P 500 has reduced from 90 years in 1935 to 18 years, as per a McKinsey report. We are agile, and active, never letting our guard down.

Why AAA Focus PMS?

AAA Focus Plan Features

AAA FOCUS PMS plan is a portfolio of 30 companies which are Market leaders with strong corporate governance and high growth potential with investment horizon of 3-5 years.