Ocean Dial

PMS

Overview

About Ocean Dial

Ocean Dial Asset Management Limited is a UK-based FCA regulated investment management business wholly owned by River Global Holdings Ltd. The firm specialises in long-only equities across UK, European, Indian and Global strategies with a focus on delivering long-term investment returns. As active stewards, the team challenges portfolio companies to ensure sustainable value creation and proper management of sustainability-related risks.

Investment philosophy

The firm follows a bottom-up investment approach with a business owner’s mindset, aiming to deliver superior absolute returns over the long term.

PROCESS FRAMEWORK: • Identify inefficiencies in a mostly efficient market. • Combine quantitative screening ('science') with experience-driven intuition ('art'). • Construct the 'House of Ocean Dial' (HOOD) – a focused investible universe. • Rank opportunities using relative and absolute valuation metrics. • Conduct deep due diligence including management interaction and competitive analysis. • Maintain disciplined portfolio construction with scalable and repeatable alpha generation. • Investment Committee oversight ensures continuous evaluation and robust debate.

The objective is disciplined execution of philosophy across cycles, enabling repeatable outperformance.

PMS strategies2

Sorted by 3-year return. Returns are TWRR, net of fees; CAGR above 1 year.

Strategy

AUM (₹ Cr)

Avendus Olivo Core Equity Portfolio

Avendus Margin of Safety

AUM₹291

1Y−12.2%

Team6

Shahil Shah

Fund manager

Assistant Portfolio Manager & ESG Analyst

Part of the original investment team since 2005. Specialises in Telecommunications, Consumer, Healthcare and Media sectors and integrates ESG into investment research. Holds a Masters in Commerce and Finance from Mumbai University. Based in London.

Gaurav Narain

Co-Head of Equities, Principal Advisor (ICGF)

Joined in 2011 with over 26 years of experience in Indian markets. Previously held senior roles at New Horizon Investments, ING Investment Management India and SG Asia Securities. Holds a Masters in Finance and Control and a Bachelor of Economics from Delhi University. Based in Mumbai.

Saurabh Chugh

Analyst

Joined in 2006 and specialises in Information Technology, Energy, Transport, Infrastructure and Soft Commodities. Previously worked at Dolat Capital. Holds an MBA in Finance from Nirma Institute of Management, Ahmedabad. Based in Mumbai.

Jainam Vora

Analyst

Joined in 2024. Previously interned at ValueQuest Investment Advisors and Bajaj Finance. BBA from NMIMS University, Mumbai. Focused on value investing and currently preparing for CFA exams.

Robin Sellers

Chief Executive Officer & Compliance

Joined in 2011 with over 25 years of financial services experience. Previously Head of Group Finance and Company Secretary at Close Brothers Group plc. Fellow of the Institute of Chartered Accountants in England and Wales.

Sagar Kanal

Assistant Manager Operations

Joined in 2020 with 7 years of experience in fund operations. Previously worked at Best Alternative Advisory Services. Holds a Post Graduate Diploma in Business Management from N.L Dalmia Institute of Management Studies, Mumbai.

Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future returns.

Ocean Dial

Overview

About Ocean Dial

Investment philosophy

PMS strategies2

Team6

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