Vinit Sambre has comanaged DSP Midcap since July 2012 and he took its independent charge in July 2015. Sambre is a competent analyst and the dedicated small/mid-cap specialist with the fund house. He is at home with his investment style and has executed the strategy with a good degree of success over the years.
Sambre combines absolute and relative valuation measures when picking stocks in the small/mid-cap space. He scouts for companies that have sustainable competitive advantages over their peers and dominant market shares in their industries. He invests only when he is comfortable with the management’s assumptions, forecasts, and capabilities. Sambre is valuation-conscious but does not mind paying a premium for a company if it satisfies all of his investment criteria. He looks at quantitative parameters such as ROE, ROCE, P/E and P/BV vis-a-vis the intrinsic growth prospects of the company. He also invests a portion of the portfolio in firms trading well below their book values, which constitute his value picks. The top-down approach sometimes is used to increase exposure to sectors that are looking attractive on valuations and future outlook. Given the bias for mid-cap stocks, he adopts a buy-and-hold approach while constructing the portfolio.