"Rule number one: never lose money. Rule number two: never forget rule number one." - W. E. Buffett
Cornerstone
Our most important value is integrity. No matter who our direct client is, we are always aware that in the end, we are shepherding someone's hard-earned resources. We strive to deserve their trust in our character and competence.
Features of PMS
- PMS is a SEBI-approved alternative to mutual funds.
- With the right manager, you can get superior returns with least possible risk.
- Performance fees only. No management fee.
- Greater flexibility and larger opportunity set in the market.
- Minimum investment of Rs. 50 lakhs for five years.
- For the conservative, long-term saver, enabling retirement, children's education or future family goals.
- All investments in the securities markets which are held for more than one year enjoy preferential tax rates.
Our Principles
The means are as important as the end.
There are some things we just won't do for money. For example, Shepherd's Hill does not recommend tobacco companies for its clients' portfolios. Here are our central tenets.
- We are investment partners, not service providers.
- We are only interested in long-term relationships.
- Our first order of business is protection of capital.
- It is important to us to be passionate about investing.
- We are measured and deliberate in our decision-making.
Investment Track Record
Our Advantages
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1.Track Record.
No matter the fancy tales money managers tell you, it all boils down to one number: the internal rate of return. Over the long term, this number, properly calculated and verified, will not lie.
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2.Small Capital.
It's much easier to profitably invest smaller amounts of capital than larger ones, all other things being equal.
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3.You Earn, We Earn.
We are sticklers for this one. We do not charge a single rupee in fees which is not linked to our performance. This distinguishes us from most of our peers.
Investment Process
A disciplined approach is vital.
Investing is neither a science nor an art -- it is a craft. Judgment calls must be made and risks must be taken. To be best positioned for the upside, it is important to have researched well.
- Screens are run and short-lists made regularly.
- A checklist identifies any early red flags.
- A financial analysis is done.
- Qualitative research is undertaken.
- Ideas are compared to each other.
- An investment decision is made.
- Investments and portfolios are monitored.
Portfolio Curation
Keep it simple, silly.
If there are a bunch of formulas and Greek letters involved, we stay away. Correlation coefficients and efficient frontiers are not for us, thank you.
- Indian securities only.
- Equity, debt and special situations.
- Roughly 15-20 positions.
- Maximum position limit of 15% at purchase time.
- Sector and market-cap agnostic.
- Circle of competence must apply.
- Long positions must have strong balance sheets.
Talk Directly With Our Fund Manager
Mr. Rishi Gupta is Managing Partner of Shepherd's Hill Financial Advisors LLP., a SEBI-certified portfolio manager (Registration No.: INP000004748). We are a small asset management firm and hence we can offer you direct access to our fund manager. Mr. Gupta is a Stanford University alumnus and former private equity professional with 10+ years of capital markets experience. To initiate a conversation, please submit the form below.,
