16, Feb 2024
Mumbai, February 16, 2024: Remsons Industries Ltd., a pioneer in Cables & Shifters for Automotive Industry, has agreed to make a Majority Investment in the Automotive Sensor Division of Uni-Automation, a renowned sensor technology firm. This strategic move marks a significant milestone in Remson’s commitment to innovation and expansion within the Automotive and Off-Highway Industry.
The proposed investment aligns seamlessly with Remson’s mission to deliver cutting-edge solutions that meet the evolving needs of its customers. With Uni-Automation’s expertise in sensor technology, Remsons is poised to strengthen its position as a manufacturer of Complete Systems with Embedded sensors.
The new offering of products will help widen Remson’s portfolio of offerings to domestic as well as global customers. The automotive sensor market has been growing on two counts. One deep penetration of embedded technology on legacy platforms. Second, increased adoption of Electric Vehicles which have higher per-unit sensor requirements. Since Sensor requirements are platform agnostic, entering into this technology gives a fillip to Remsons’ new offerings to its customers.
“We are thrilled to welcome Uni-Automation into the Remsons family,” said Rahul Kejriwal, Executive Director, Remsons. “Their exceptional track record in developing state-of-the-art sensor technologies complements our existing capabilities perfectly. This proposed investment underscores our commitment to providing innovative solutions and enhancing our ability to address the complex challenges faced by our customers.”
“We are excited to join forces with Remsons and embark on this new chapter of growth and innovation,” said Vidhyadhar Mahajan, Chairman, of Uni-Automation. “By combining our expertise with Remson’s resources and market reach, we are confident that we will unlock new opportunities and deliver even greater value to our customers.”
“This proposed investment is in line with Remson’s philosophy of inorganic growth into Fuel Agnostic products. This is also partly complimenting to our existing product line and a diversification into future technology products. We also plan for further acquisitions and JV’s to complement and add to the above portfolio,” said Amit Srivastava, Remsons Group CEO.
For the transaction, KDA Corporate Advisors LLP acted as the transaction advisor & DBS Law acted as the legal advisors to Remsons Industries Ltd.
28, Nov 2023
SAMCO Mutual Fund Introduces Dynamic Asset Allocation Fund (DAAF) Offering Unmatched Investment Stability and Growth Potential
Bangalore – November 28, 2023 – SAMCO Asset Management Private Limited, a distinguished investment management firm, is thrilled to announce the launch of the Dynamic Asset Allocation Fund (DAAF). This unique fund is designed to provide investors with an unparalleled blend of stability, growth potential, and downside protection in today’s dynamic market environment.
This is India’s first DAAF that follows a momentum model with the capability to move to debt entirely in tough times. There does not exist a similar model in the category. Models of most of the other Hybrid BAF/DAAFs follow valuation models built on P/B, P/E, etc.
One of the key challenges faced by investors in India has been the fear associated with market volatility and drawdowns. SAMCO Mutual Fund recognizes these concerns and has developed the DAAF with a focus on reducing volatility and drawdowns while optimizing returns.
With SAMCO DAAF, investors can enjoy the advantages of equity investments while minimizing drawdowns and maintaining the flexibility to withdraw their capital when needed.
SAMCO MF’s DAAF employs an innovative investment strategy based on the proprietary TRANSFORMER model. This model allows the fund to adjust its equity exposure from 0% to 100% based on market trends. By swiftly transitioning between equity and debt investments in real-time, the fund mitigates risks and curtails drawdowns, providing investors with a unique sense of security and stability.
The principal asset allocation of the fund shall be determined based on momentum in equity markets and extreme mean reversion signals which shall be calculated using SAMCO MF’s proprietary TRANSFORMER model. Fundamentally the scheme will operate based on trend-following strategies i.e., when markets are in clear uptrends with lower volatility, equity allocations shall be higher and when markets are breaking down, in correction or bear market phases, net equity allocations shall be zero or at extremely low levels. Only in extreme panic or euphoric conditions, the scheme will move to mean reversion models and build equity exposure in bear markets or cut equity exposure in bull markets. Rebalancing based on the model shall happen on a real-time dynamic basis and will not follow a monthly/quarterly rebalancing model.
The factors for determining the Asset allocation shall be dependent on the following factors: Trends in Equity Markets, Rate Spread in Bond Yields, Averages such as SMA/EMA and deviation of price from averages thereof, Net new 52-week highs and lows, Stock Price Breadth & Volumes, US Fed’s Funds Rates & Yield curve, Options Volatility & VIX, Relative Strength across Asset Classes & Securities, Market Cap to GDP Valuations & Money Supply, Equity Earnings Yields & Rolling Returns on Trailing basis & Retail trading activity.
Umeshkumar Mehta, Chief Investment Officer (CIO), SAMCO Asset Management Private Limited, said, “SAMCO Mutual Fund is proud to introduce the Dynamic Asset Allocation Fund, a result of our commitment to addressing the concerns and needs of investors in India. With DAAF, we offer a game-changing solution that combines the potential for good returns with an attempt to minimize drawdowns. Our innovative approach, backed by the TRANSFORMER model, ensures that investors can navigate market fluctuations with confidence. We believe DAAF will redefine the way investors perceive and approach their investments, offering them peace of mind and long-term wealth creation opportunities.”
Commenting on the launch, Viraj Gandhi, CEO of SAMCO Asset Management Private Limited, said, “At SAMCO Mutual Fund, we are driven by a commitment to empower investors with innovative and robust financial solutions. The launch of our Dynamic Asset Allocation Fund marks yet another significant step in our journey to provide investors with stability, growth, and peace of mind. We believe this fund, helmed by experienced professionals, will redefine investment experiences and set new benchmarks in the industry.”
The SAMCO DAAF’s New Fund Offering (NFO), commences on December 07, 2023, and concludes on December 21, 2023. The scheme reopens for continuous sale and repurchase within five business days from the date of allotment.