Roha Asset Managers


Started in the year 2018 with its head office in Mumbai, Roha Asset Managers has a license for Category 3 Alternate Investment Fund (AIF) and Portfolio Management Service (PMS) with a fundamental approach to equity investing. The fund is approved & licensed by SEBI (Securities & Exchange Board of India). A company that focuses on investing in quality businesses and companies through Indian equities with an objective to grow your wealth over the long-term, so that you can sit back and enjoy life to the fullest.

Albert Einstein once said, “Compound interest is the eighth wonder of the world. He who understands it earns it. He who doesn’t pays it.”  Roha Asset managers seek to create wealth over the long-term by investing in the equity of sustainable growth businesses that are run by competent and ethical management and are available at attractive valuations. In their investment journey, they focus on the superior quality of businesses/companies in terms of cash flow capability, capital efficiency, enduring competitive advantage, entry barriers and its ability to scale up to get the real benefit of compounding money.

Key staff

Mr. Dhiraj Sachdev, Managing Partner & Chief Investment Officer, ranked among India’s best fund managers by Outlook Business & Value Research in 2017, Dhiraj Sachdev was a Senior Fund Manager at HSBC Global Asset Management. Prior equity fund management experience include ASK Investments and HDFC Bank. A leader who leads by example, his 23 years long industry experience saw glory when he delivered a long term performance of 29% CAGR for 6 years for HSBC Mid & Small Cap Fund. Dhiraj holds a degree in Commerce ( from Mumbai University, is a qualified Chartered Accountant (ACA) from ICAI and a Cost & Management Accountant (CMA) from ICMAI Institute along-with Diploma in Foreign Trade Management (DFTM) from Mumbai University. Currently, he manages AIF and PMS Funds at Roha Asset Managers with a strong track record.

Mr. Jyotin Shastri, Executive Director, completes his silver jubilee in the world of accounting and finance next year. Apart from that, he has served as the CFO of the Prince Group for 18 years. And for the last 5 years, Mr. Shastri has been handling financial activities at Roha. He has an unmatchable edge in Financial Planning & Analysis, Fund Management, Budgeting, Treasury Management, Compliances, Corporate Restructuring, Amalgamation and Acquisitions along with foreign party collaboration. He sets the bar high with his competence, demanding each and everyone to up their game.

Investment philosophy

They have a very stringent stock selection process and a disciplined bottom-up approach to investing with a long-term focus. Investments are made in fundamentally good companies run by honest and capable management with strong business potential. Also they have to be available at an attractive valuation.

The following are key aspects they consider during portfolio construction – management quality, business quality and valuation. Management quality implies investing in businesses or companies run by ethical and competent managers. Business quality implies investing in businesses that are sustainable in terms of growth, fairly predictable in nature and the potential to generate free cash flows with superior return ratios. Valuation implies investing in companies that are quoting at a discount to their true intrinsic value.


India Emerging Business Themes – Dhiraj Sachdev, May 12, 2021, AIF and PMS experts India 

In this interview, we can see Mr. Dhiraj Sachdev, CIO, talking about their investment philosophy. He says that they have a fundamental approach to investing. There are 3 key aspects they consider – business(industry or sector), management quality and valuation. So he says that these factors are really important to evaluate whether the business has longevity, so that they won’t get disrupted and business is scalable.

It is really important to have a durable competitive advantage whether cost advantage by backward integration or price flexibility etc. They also prefer companies with entry barriers. They want to buy businesses with predictability and sustainability. Management quality is also a very important factor to be considered. They assess the quality of management by past ethical behavior and commitment.  They consider cash flow as a really important factor while assessing the investments.

He says that they favor small and mid caps so that they become tomorrow’s mid and large caps. The following things are included in their checklist – huge size of opportunity, economics and profitability, operating leverage potential, entry barriers, pricing power, government regulations, competitive advantage, predictability, sustainability, cash flow generation, understanding risk and growth engine.

He says that they hold 65 – 70% in small cap, 20 -25% in mid cap and balance 5 -10% in large cap. He says that there is no rule regarding the allocation based on market cap, i.e., if they find enough small caps really good, they can even hold 100% of their portfolio in small caps.                       


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