Invasset PMS

Funds Managed	Asset Class	License
Growth pro max	muticap	PMS

About

INVASSET LLP is a SEBI-registered portfolio management service provider with a specialized research team that has over 27 years of professional experience in the stock market. They use an in-house developed approach called INVASSET AAID (Algo, AI & Data) driven approach for the selection of companies and sectors that will lead to alpha generation. The team consists of a merge of professional experience and proprietary formulated AI, enabling them to consistently outperform the market. Their goal is to generate consistent sustainable wealth for their clients by investing their hard-earned income in a portfolio of best-performing equity assets.

Key staff

Rajnish Garg Partner & Fund Manager

As the founder, partner, and fund manager of INVASSET LLP, he brings a wealth of experience with over 30 years of wealth-creating experience in the stock market. He is a Chartered Accountant and Company Secretary with a strong grasp of market fundamentals and investing techniques. His unique blend of skills and knowledge has enabled him to create long-term sustainable wealth for his clients and stakeholders.

Anirudh Garg Partner & Head Research

With a belief that Technology is the only solution to overcome the emotions of Greed and Fear in the market, Anirudh headed the research and coding team that developed INVasset AAID, our award-winning proprietary investment strategy, from 2007 to 2016.

He is a Chartered Accountant with a Bachelor of Business Studies from Shaheed Sukhdev College of Business Studies, Delhi University & Master of Investment Management from ICMA Centre, United Kingdom.

With 15+ years of research experience in the stock market, Anirudh is actively involved in managing a prop desk of USD 20+ million and PMS of USD 10+ million.

Investment philosophy (for the firm)

INVASSET LLP has several investment beliefs guiding its portfolio management approach. Quality is seen as a key factor that separates mediocre and winning companies, whether it is management or products. The interest rate cycle plays a major role in deciding the future performance of companies, and the appreciation of capital should be consistent and permanent, while depreciation of capital should be limited and temporary. The team believes in an optimally researched churning process with conservative bias that will generate superior growth-oriented returns to passive investing. They are hungry for growth and understand that growth never comes cheap, which is reflected in their long-term portfolios having a higher PE ratio than their peers. The team also acknowledges the ambiguity of expectation when there is a lack of data, knowledge, and experience, which leads to unclear financial expectations and incorrect financial decisions. Lastly, they are aware of the recency bias in human decision-making, where recent events are given more importance, leading to decisions forced by greed and fear.

INVASSET LLP constructs portfolios based on their analysis of market conditions and their investment beliefs. They look for deep discount sale opportunities when markets have entered a downturn and companies are trading below their fair value. They also look for beaten-down industry leaders during market meltdowns to provide protection and hedge the portfolio. When the long-term trend is clear, they look for companies that have recent tailwinds in their favor and should lead the market for the next 12-18 months. Finally, when the risk-reward ratio is not in their favor, they look for great companies that will continue delivering growth irrespective of market conditions. Overall, INVASSET LLP uses a combination of research and analysis to construct portfolios that align with their investment beliefs and are designed to generate consistent sustainable wealth for their clients.

Media

All weather investing opportunities | Indian Stock Markets | PMS AIF World x INVasset AMC

The speaker told that they follow a strategy that incorporates four styles of investing: value-based, special situation, quality focused, and pension fund investing. The strategy operates in four stages, starting with Deep Discount Sale when the markets are oversold and blue-chip companies are available at a discount. In the Trendsetters stage, the algorithm works in a reasonably priced zone, identifying tailwinds and growth for the next two to three years. Special Situation investing is activated when markets are in a change-based zone, seeking companies with inherent advantages. Quality Focused investing occurs in the Shining Stars stage when the markets are exuberant, focusing on companies with superior management, modes, monopolies, or disruptive technology. Finally, the Pension Fund investing stage is activated when the markets are expensive, reducing beta and moving to safer options like HDFC Bank.

The speaker talks about their investment strategy during the Deep Discount sale period from March to November 2020, where they purchased stocks that were beaten down, including IndusInd Bank. They then shifted to the State Bank of India, which was expected to perform well due to new laws and the cleaning up of public sector banks. They sold the State Bank of India when the market became expensive and shifted to Bajaj Finance, which they believe is a shining star with high growth potential. Finally, they shifted to HDFC Bank for safety when the market became exuberant, reducing beta over time. The speaker advises others to shift from one stock to another and reduce beta over time.