Tariffs. Elections. Volatility.

Why Daljeet Singh Kohli Thinks This Is a Once-in-a-Decade Opportunity for Indian Equities

In a world gripped by uncertainty — Trump tariffs, global slowdown fears, erratic monsoons, and macro jitters — many investors are understandably nervous. But Daljeet Singh Kohli, Head of Equity at Roha Asset Managers, has a contrarian take:

“This is not a time to hide — it's a time to position for leadership.”

In a recent PMStimes E.N.G.A.G.E webinar, Daljeet laid out a powerful case for why Indian equities — especially small and midcaps — are poised for a multi-year breakout.

The Big Picture: Why India Is Still the Market to Bet On

Daljeet emphasized that India is navigating global chaos from a position of strength — not weakness. Here’s his reasoning:

Rate Cuts Are Coming. And They Matter.

The RBI has already signaled its pro-growth intent. Historically, every rate cut cycle has triggered strong equity outperformance, especially in domestic-focused sectors.

Strong Fiscal Position + Domestic Economy

Despite global turmoil, India’s government has room for targeted fiscal support, and our low export dependence insulates us from external shocks like US tariffs or geopolitical tensions.

Earnings Momentum Is Improving

While headline earnings may not look spectacular yet, broad-based market earnings have normalized, and Daljeet believes Q2 and Q3 will deliver upside surprises — thanks to base effects, falling interest costs, and resurgent demand.

Structural Tailwinds in Play

• Formalization

• China+1 manufacturing

• Renewables

• Real estate revival

• Rural demand recovery

These aren’t short-term themes — they are multi-year megatrends.

“Every correction in the last 25 years has been short-lived. This time will be no different. Use fear as your entry ticket.” — Daljeet Singh Kohli

Enter: Roha’s Secret Alpha Engine

The Emerging Champions Portfolio (RECP)

Now that you’re convinced the opportunity is real, the question is: How do you capture it?

Roha’s answer: Find tomorrow’s leaders today — companies that are flying under the radar but have the DNA to double earnings in 3 years.

RECP is a ₹500 Cr Portfolio Management Scheme built around one simple idea:

Back scalable businesses with great management, clean cash flows, and valuation comfort.

MBV: A Process That Puts Management First

Roha doesn’t follow the usual BMV (Business–Management–Valuation) model. Instead, they flip it.

M – Management: Non-negotiable

No matter how attractive the business, if management doesn’t pass their rigorous quarterly meeting and governance filters, they walk away.

B – Business: Is it scalable, cash-generating, and capital-efficient?

The team targets businesses that can double profits in 3 years, with high ROCE and self-sustaining cash flows.

V – Valuation: Where’s the margin of safety?

What Makes RECP Different?

No fads, no copy-paste portfolios

You won’t find PSUs, railways, or defence names here — not because they’re bad businesses, but because the upside is already priced in.

Customization, not model books

Roha builds portfolios from scratch for each investor, ensuring fresh entry points into stocks that still offer 25%+ CAGR potential.

PE of 17x with 25%+ Growth? Yes.

RECP’s FY27 blended PE is just 17x — unheard of for a portfolio with such high earnings visibility and strong ROCE across 25–30 domestic names.

Where Is Roha Placing Its Bets Today?

🌾 High-end consumption & rural revival

• Autos

• Small appliances

• Housing-linked consumption

⚡ Power & Renewables

• Wind casting specialists

• Solar EPC firms

• Power financiers

🏗️ Niche manufacturing

• Glass

• Building materials

• Custom engineering exports

"We don't just play themes — we play the value chain where the real alpha is."

Final Word: Double the Business, Double the Wealth

Daljeet’s bold promise?

“If the business doubles in 3 years — profitably, scalably, and cleanly — wealth will follow. We don’t need momentum. We need management conviction and valuation headroom.”

In a world full of noise, Roha Asset Managers is quietly building wealth the old-fashioned way — one clean balance sheet at a time.