About us

Samatva Investments was started with an aim “To be the investment partner of choice for individuals and institutions looking to build a portfolio with a long-term horizon in Indian public equities”. Samatva was founded by Ashwin Reddy Ramayyagari, a SEBI registered Investment Adviser (Registration No: INA200008431).

Ashwin founded Samatva Investments in 2017 to advise domestic and foreign investors in Indian public equity markets. He has more than 11 years of experience across equity research and fund management in India. Last four years of his career were with CWC Advisors, a long only public markets focused investment management firm based out of Mumbai. CWC manages ~USD 300 Mn for marquee investors including 3 of the top 15 US University Endowment Funds apart from other investors in India and abroad. At CWC, Ashwin was a generalist investor, focusing on companies across sectors and across market caps. Ashwin holds an MBA in Finance from the Indian School of Business (ISB) apart from a BTech in Electronics and Communications.

Our Philosophy

At Samatva the focus is on building a model portfolio in equities with a long-term view (atleast 3 years, preferably 5 years’ time horizon). The core of the investment philosophy at Samatva is “to build a portfolio of good businesses that are run by great managements and are available at reasonable valuations” Overall, the idea is to recommend a portfolio of 14-18 stocks backed by deep research, to be held for atleast 3-5 years.

Broadly two types of companies would make it to the model portfolio:

  1. Fundamentally good businesses that are going through cyclical downturn (not structural).
  2. Good businesses that look full valued, but the strength/ longevity of the earnings growth is underappreciated. These businesses are usually category creators/ leaders.

Given the investment philosophy it is vital that anyone who wishes to partner with Samatva also has a time horizon of atleast 3 years on their investments.

What companies would not make it to the model portfolio?

Inherently bad businesses in a difficult industry that make look cheap on financial metrics, would not make it to the portfolio. More often than not, businesses that trade at low valuations do so for a reason. Historically bad businesses that have structural changes can be very interesting, but again these instances are few and far between.

Brief thoughts on risk and volatility

At Samatva risk is clearly viewed as permanent loss of capital, and not volatility that is captured in the more popular measure of risks such as Sharpe ratio etc. In our recommendations we intend to embrace volatility and recommend taking a 3-5 year view. This is also one of the reasons why we believe quality of capital (patient capital, recognizing that equities as an asset class can be volatile) is extremely critical. There could be periods of volatility but eventually we expect this to yield result.

View on holding cash in the portfolio

In times of market irrationality that results in individual stocks being overvalued, we believe having cash makes complete sense. This will not be a ‘cash call’ based on our perception of market being ‘over-valued’ or ‘under-valued’ on the whole, it would more be on individual securities that we like, not being available at a price that we desire. We would not be taking ‘cash calls’ on the market in general, nor will there be a minimal portion compulsorily invested.

Why Samatva


Alignment of Interests

The financial advisory services industry in India (like elsewhere in the world) has been plagued by issues such as conflict of interest, principal-agent problems on account of various reasons. Eliminating these conflicts is a clear focus at Samatva with various initiatives such as the Principal’s capital also being invested in the same model portfolio recommended to clients etc.

Focused Approach

While there are multiple avenues in the financial services space, Samatva has committed itself to focusing only on cash equities with a long-term horizon (no futures, options, short term trading and day trading). Bottom up, fundamental stock picking with a long-term horizon has been Ashwin’s passion and the idea is to focus only on this.

Transparency

The entire approach right from client onboarding to advisory to the exit process is a transparent one. In an increasingly digital world, transparency is not a "good to have" but a "must have". At Samatva the idea is to embrace transparency in full while dealing with all stakeholders, and to make it a hallmark of everything 'Samatva'.

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Samatva Investments
1st Floor, Silicon Banjara, Plot No 26, Krishnapuram Colony, Singada Kunta, Banjara Hills,Road no 10, Hyderabad 500034

© Samatva Investments
SEBI Registration details// Registered name: Ashwin Reddy Ramayyagari, Type of registration: Individual Investment Advisor, Registration number: INA200008431
SEBI local office details: 1st Floor, Indira Chambers, 8-2 622/5/A/1, Road No. 10,Avenue 4, Banjara Hills, Hyderabad - 500034, Andhra Pradesh. Tel. Board: +91-040-23384475/ 23384476, E-mail : hyderabad-lo@sebi.gov.in
Disclaimer: Ashwin Reddy Ramayyagari is a SEBI registered Investment Adviser under the SEBI (Investment Advisers) Regulations, 2013 bearing registration number INA200008431. This website does not constitute or is not intended to constitute an offer to buy or sell, or a solicitation to an offer to buy or sell financial products, units or securities. The information provided by Samatva Investments is obtained from sources believed to be reliable but is not guaranteed as to accuracy or completeness and expressly disclaims all warranties and conditions of any kind, whether express or implied. Samatva Investments and its employees, personnel, partners will not be responsible for any direct / indirect loss or liability incurred by the user as a consequence of him or any other person on his behalf taking any investment decisions based on the contents and information provided herein. Use of this information is at the user's own risk, as investments in shares and securities are subject to market risks and user’s risk profile. The user must make his own investment decisions based on his specific investment objective and financial position and using such independent advisors as he/she believes necessary. Past performance may not be indicative of future results. All intellectual property rights emerging from this website are and shall remain with Samatva Investments/ Ashwin Reddy Ramayyagari.