Offering best-in-class global investment solutions through curated products and structures
About Us
Cosmos Capital Private Limited is a company incorporated under the Indian Companies Act 2013. It was set up to address the growing need of Indians and NRIs to access a range of cross-border investment opportunities.
Due to the massive liquidity that has been pumped into the global economy in the recent past, ongoing trade wars, changing geopolitical alignments, and debt-to-GDP ratios of various countries, the flow of money to the world continues to be uneven, throwing up unique opportunities. Sophisticated investors, therefore, are looking for genuine diversification in their portfolios through non-correlated geographies and asset classes and are seeking to allocate, from their portfolios, to Indian and global opportunities.
While India possesses the potential for vibrant growth, global markets are extremely deep and allow for allocations across multiple asset classes and unique investment themes. Cosmos Capital seeks to dedicate its efforts exclusively to this need and bring its in-depth approach and process capabilities to curate differentiated and uncorrelated products for the discerning investor.
Philosophy and Core Values
The company logo is symbolic of stability, permanence, and geometric perfection; the cube is the building block of our identity and philosophy. The five cubes represent the brand’s pillars and core values. They come together to form strong and secure bonds, eventually forming the letter ‘C’ of Cosmos. A hidden star in the negative space symbolizes the search for excellence and reaching for the sky. Five Cs that are the core tenets and pillars of the brand are:
Commitment
To excellence, clients, partnerships
Capability
Aware, qualified, knowledgeable
Credibility
Reliable, trustworthy, dependable
Consistency
In delivery of expertise and solutions
Client-Centric
Focus on delivering to client needs
Management and Advisory Team
Fund Curation Process
At Cosmos Capital, we follow a rigorous process to ensure our valuable customers get easy access to best-in-class international investment opportunities. Here is our five-step process:
We believe there are opportunities in some parts of the world in some asset classes at all times. We use our investment framework to:
Analyze macro data
Identify headwinds and tailwinds for various asset classes
Source a set of relevant investment managers in the identified asset classes
What we do
We create a pipeline of new investment opportunities from best-in-class asset managers from different parts of the world with a wide range of expertise and strategies. We source deals from the below ecosystem of global connections:
Opportunities from the proprietary network
Network of placement agents and fund aggregators
Existing relationships with product manufacturers in various parts of the world
The endeavor is to identify a set of appropriate funds under each of the asset classes to ensure product availability in different buckets of investment categories.
Equity
Debt
Commodities
Alternates
What we do
Equity
We look for investment opportunities meeting the following criteria:
Themes expected to play out in the next decade with high-growth conviction
Brands that are used globally and showcase continuous growth in earnings
Businesses in specific economies which are the major beneficiaries of changing macro trends
Debt
We look for investment opportunities with the following criteria:
Accrual Strategies such as high-quality sovereign securities with medium- and long-term maturities
Duration Strategies that include investing in dynamic debt and gilt securities
Strategies not available in the Indian market with a potential to deliver higher returns than plain-vanilla bond funds, e.g., leveraged bond funds
Commodities
We look for investment opportunities that would benefit from the global macro environment:
Precious metals: gold, silver, platinum
Broad commodity baskets: potential beneficiaries in the inflationary environment
Industrial metals: aluminum, copper, lithium, etc.
Alternates
We look for investment opportunities that meet the following criteria:
Low correlation to traditional investments, for example, life settlement fund that has a negative correlation with equities
Differentiated hedge fund strategies, for example, long only, long/short, arbitrage, etc.
Real Estate Investment Trust (REITs)
Volatility ETNs
We do extensive research and analysis on various data points before empaneling a new fund in our product suite.
Preliminary analysis of the fund
Investment style
Quantitative analysis
Qualitative analysis
What we do
We evaluate the following information for the strategy under consideration:
- Investment objective of the fund
- Investment strategy
- Absolute or relative return strategy
- Investment universe for the fund
- Geographic focus
- Use of leverage and other derivatives instrument and purpose of use
- Ideal investment horizon
- Fund domicile and fund regulator
- Fund structure
- Asset class
- Inception year
- Assets Under Management (AUM)
- Benchmark index
IInvestment Style
- Top-down, bottom-up, or both
- Active or passive
- Growth, value, or blend
- Large, mid, or small-cap
- Buy and hold
- Fee structure
- Lock-in period and exit load
Quantitative Analysis
We do a detailed analysis of various quantitative parameters to determine the consistency in risk-adjusted returns of the fund and performance track record versus relevant benchmarks.
We undertake a robust process to evaluate various aspects, as listed here:
Historical returns
- Compounded Annual Growth Rate (CAGR)
- Rolling returns
- Calendar year returns
- Monthly returns (past 3 years)
- Number of positive months (%)
Performance v/s benchmark
- Alpha
- Upside capture
- Downside capture
Performance v/s peer group
Risk metrics
- Beta
- Standard deviation
- Maximum drawdown
- Number of months to recovery
- Correlation with other asset classes
Risk-adjusted ratios
- Sharpe ratio
- Sortino ratio
- Treynor ratio
- R squared
Other parameters
- Top holdings to determine concentration risk
- Liquidity profile of portfolio holdings
- Churn ratio since inception
- Any significant fund outflows in the past three years
- Portfolio P/E and P/B ratio
Specific ratios analyzed for fixed income securities
- Portfolio duration
- Portfolio Yield to Maturity (YTM)
- Average portfolio maturity
- Credit rating of the fund and portfolio holdings
Correlation of the fund with respect to other asset classes. We usually prefer investment opportunities with low correlation to different asset classes.
Qualitative Analysis
Qualitative Analysis
The fund manager’s background check
- Qualification and investment style
- Track record and total years of experience
- Number of years spent managing the current fund
Team and investment committee
- Analyst support provided to the fund manager
- Number of individuals involved in the decision-making process
- Risk management framework followed before/during investing
After satisfactory analysis of the fund, we conduct a call with the fund management team to assess the following:
Independent verification of credentials
Fund manager’s view
Market and fund outlook
What we do
The fund manager’s background check
- Verification of management stability and economic rationale of investment strategies
- Verification of background and rationality behind previous investment decisions to measure future consistency of the team and fund strategy
Fund manager’s view
- Positive market scenarios in which the fund is expected to outperform (benchmark or absolute return)
- Negative market scenarios in which the fund is expected to underperform (benchmark or absolute return)
Market and fund outlook
- Short-term market outlook (<1 year) and its impact on the fund
- Long-term market outlook (>1 year) and its impact on the fund
We regularly monitor fund performance and engage with the fund management team for periodic reviews on various aspects. This is done to ensure that the fund activities are aligned with the overall fund objective, risk management, and targeted IRR.
The process includes:
Analysis of the monthly performance
Quarterly fund management call
Extraordinary management call
What we do
- Monthly review of the fund updates/commentary shared by the fund house, performance review, and risk metrics
- Conduct extraordinary calls to gain insights on the potential impact on the fund due to an extreme negative/positive event or news floating in the market
- Detailed periodic discussion with fund managers to get their views on how their funds are positioned to benefit the most from the markets
- Get broader views on the macroeconomic and microeconomic scenarios
- Get information about new offerings and evaluate them to understand if they can be included in our suite of products
To know more, contact us
Ms. Shalini Sekhri
Chief Executive Officer
Shalini, CEO at Cosmos Capital, has over two decades of experience in asset management, banking, and private wealth management. She has been responsible for onshore and offshore business strategy, business development, investment advisory, and relationship management for clients and distribution channels. During her stints in previous organizations, such as Standard Chartered, ICICI Prudential AMC, Alchemy Capital, Indiabulls Asset Management, and Client Associates, she has driven the business function across geographies while leading the sales, marketing, and service functions. Shalini graduated in 1996, having obtained a Bachelor’s of Commerce and MBA degrees.
Mr. Aman Shah
Lead, Product & Research
Aman leads the Product and Research function at Cosmos Capital. He has more than six years of experience in wealth management, financial planning, and credit analysis. Before joining Cosmos Capital, he worked with Citigroup in the Institutional Client Group’s risk management unit where his role involved in-depth research and analysis of companies comprising NBFC and corporates. He previously headed a team of financial planners during his stint at Sykes & Ray Equities (I) Ltd., and was an integral part of the product and wealth management team. He is a qualified CFP, CFA, and FRM (level 2 candidate).
Ms. Sharon Jacinto
Head, Operations and Services
Sharon heads the Operations and Services function at Cosmos Capital. She has more than 14 years of rich experience in the asset management space in various positions related to client servicing and operations. In her diverse roles, Sharon has successfully managed a wide range of deliverables working with various internal and external stakeholders, all the while ensuring the highest levels of diligence and compliance. She has been associated with YES AMC, Indiabulls AMC, Invesco (erstwhile Religare) AMC, ING AMC, IBM, and E-Funds International. She has completed her majors in Sociology from St. Xavier’s College, Mumbai.
Mr. Chandan Kumar
Partner at TIW PE
Chandan is a partner at TIW PE and an experienced investment and operating professional who has previously worked with Baring Private Equity Partners (India). He has handled multiple investments and exit processes, including deal sourcing, deal evaluation, due diligence, and legal agreements. He also plays a major role in the operating management of portfolio companies. He has more than 12 years of industry experience and is an alumnus of IIM Calcutta and IIT Kharagpur (mechanical engineering).
Mr. Asheesh Chanda
CEO & Founder of Kristal.AI
Asheesh is the CEO and founder of Kristal.AI, a global digital-first private wealth and asset management platform established in 2016. He oversees all company operations and spearheads strategy and product development, as well as client acquisition and company growth, personally overseeing the Kristal Founders Fund as well. Asheesh has over 15 years of experience in the financial industry and before founding Kristal.AI, managed investment portfolios at KrisCapital — a Singapore-based global macro hedge fund — that he co-founded to invest across multiple asset classes and developed both systematic and algorithmic trading strategies. In his prior roles, he has held senior positions with JPMorgan Chase and BNP Paribas, having started his finance career at Citibank. Asheesh graduated from IIM Bangalore with an MBA in finance and holds a Bachelor’s degree in computer science and engineering from IIT Delhi.
Mr. Swapnil Pawar
Chairman & Founder of Scient Capital
Swapnil is the chairman and founder of Scient Capital, with a diverse experience of over 16 years across strategy consulting, investment advisory, and asset management. He started his career with The Boston Consulting Group in Mumbai in 2004. He set up and headed Karvy Group’s asset management business — Karvy Capital — wherein he established new products in high-yield debt, AIF Cat-III, and equity portfolio management. He has also authored a book titled Anatomy of Froth – Demystifying the Global Financial Crisis and Lessons to Learn. He has completed his graduation from IIT Bombay in aerospace engineering and his PGDM from IIM Ahmedabad.