Rohit Jain
A Chartered Accountant who spent thirteen years in institutional equity research before taking the fund manager's seat on Purnartha's Dynamic Midcap Strategy. Purnartha names him under that title on the strategy's own page — and he is not the firm's Principal Officer, which is what makes the attribution real. On the firm's other book, Purnartha ONE, its own brochure names him only as co-fund manager.
Is Rohit worth your time?
A research analyst promoted into a concentrated midcap mandate. Jain is Fund Manager of the Purnartha Dynamic Midcap Strategy at Purnartha Investment Advisers Private Limited, the Pune firm SEBI registered as a portfolio manager on 23 July 2020 under INP000007021. He is a Chartered Accountant with a post-graduate diploma in finance and more than thirteen years in equity research for institutional investors. Dynamic Midcap launched on 16 February 2023 and runs a sector-agnostic, 18-to-25-stock portfolio drawn from a universe of about 180 midcap companies. He is also attached to Purnartha ONE, a multi-asset approach. Two qualifiers before the record: the firm's own ONE brochure names Mohit Khanna as its Fund Manager with Jain as co-fund manager, and Purnartha's SEBI-filed disclosure document names no manager for any approach at all.
Investors who want a concentrated midcap book run by a named, accountable manager who is not the firm's compliance officer wearing a second hat, and who are comfortable that the mandate is one line inside a larger multi-strategy business. It suits a three-year horizon at minimum, matching an exit load that runs into a third year, and someone who accepts the depth of midcap drawdowns and the volatility of an 18-to-25-stock portfolio. It suits an investor willing to read the fee schedule closely, because the SEBI-filed ceiling and the marketing headline are far apart. If you want a manager with a long verified record in this seat, or clean agreement between the firm's own documents about which book he leads, this is not yet it.
- On Purnartha ONE the firm's own brochure names Mohit Khanna as Fund Manager and Rohit Jain only as co-fund manager.
- The firm headlines over ₹10,000 crore of assets under advice; its own disclosure document puts the PMS book at ₹2,301.90 crore.
- Dynamic Midcap launched in February 2023, so the record he is judged on is barely three and a half years long.
- Purnartha's SEBI-filed disclosure document names no fund manager for any approach, so his attribution rests on the firm's marketing pages.
About Rohit Jain
Rohit Jain is Fund Manager of the Purnartha Dynamic Midcap Strategy at Purnartha Investment Advisers Private Limited, the Pune firm SEBI registered as a portfolio manager on 23 July 2020 under INP000007021. The firm's strategy page, its current one-pager and its team listing all name him under that title; he is not the Principal Officer, which is Rahul Rathi, so the attribution is a genuine one rather than a compliance artefact.
He is a Chartered Accountant with a post-graduate diploma in business management, specialising in finance, and more than thirteen years in equity research for institutional investors. He has built expertise in financial modelling and valuation across major industries, and as an accountant also works in taxation, auditing and compliance. Third-party records place his earlier career at CRISIL, an S&P Global company, and Systematix Shares.
Career
- current
Fund Manager — Dynamic Midcap, Purnartha Investment Advisers Private Limited
Named as Fund Manager on the firm's Dynamic Midcap Strategy page, on its current strategy one-pager and on its team listing, where his role is scoped specifically to Dynamic Midcap. The strategy launched on 16 February 2023.
- current
Attached to the Purnartha ONE Strategy
The firm's own ONE Strategy brochure names 'MOHIT KHANNA [FUND MANAGER]' and 'ROHIT JAIN [CO-FUND MANAGER]'. The current ONE Strategy page and one-pager label him Fund Manager, and Mohit Khanna no longer appears on the firm's team listing. The firm's materials do not agree; read the section on this before assuming he leads it.
- before Purnartha
Institutional equity research
More than thirteen years covering equities for institutional investors, with sector expertise across major industries and a specialism in financial modelling and valuation. The firm's own materials do not name his employers; a third-party PMS platform records CRISIL, an S&P Global company, and Systematix Shares.
- qualification
Chartered Accountant and PGDBM (Finance)
The accounting qualification is the firm's stated reason for his depth in taxation, auditing and compliance alongside valuation work.
Six principles
Midcap by design, sector agnostic by rule
The universe is drawn primarily from the midcap indices and the portfolio is built without sector constraints, with public-sector companies excluded.
Three styles, switched deliberately
Growth-oriented, margin-expansion and strategic-valuation sleeves run side by side, and the firm describes moving between them as the source of alpha rather than committing to one.
Concentration with a ceiling
Eighteen to twenty-five names from a universe of about 180. A starting position runs 3% to 8%, and any holding that breaches roughly 12% of the portfolio is trimmed by rule.
Balance sheets before stories
Companies carrying high debt-to-equity or pledged promoter shares are filtered out before valuation work begins; net cash or low leverage is a selection criterion, not a preference.
Scuttlebutt as verification
On-ground market checks by the team are a named step in the process, used to test what the filings and models say.
Exit on the objective, not on the mood
Strategic-valuation positions are churned once the target return is achieved, and businesses are sold on meeting the investment objective — a stated discipline rather than a discretionary call.
The call that shows the method working
Named by the firm, and not the Principal Officer
Purnartha's own Dynamic Midcap Strategy page carries his name and title directly: 'Rohit Jain — Fund Manager'. The firm's current one-pager for the strategy signs off the same way, and its team listing scopes him precisely, as 'Fund Manager - Dynamic Midcap'. That is three firm-published sources agreeing on one mandate.
What makes it worth something is who he is not. SEBI requires every portfolio manager to designate a Principal Officer responsible for investment decisions, and at Purnartha that is Rahul Rathi — stated in the footer of every page on the firm's site, on APMI's member register, and on the firm's disclosure document. APMI's strategy pages accordingly carry Rathi's name on four of the firm's five approaches, each against compliance@purnartha.com, the address APMI's registry also puts in both the Principal Officer and the CEO/MD columns for Purnartha. Those entries are the register's routing rather than a per-strategy attribution, and the fifth approach settles the point: on Purnartha Make in Bharat Strategy the fund-manager field names the company itself, 'Purnartha Investment Advisers Pvt. Ltd.', and carries no email at all. A field that will accept a corporate entity is not making a per-person attribution. That is a limit on the register, not on Rathi — the firm's own site calls him 'the chairman and fund manager of Purnartha Investment Advisers Private Limited', and his standing rests on what Purnartha publishes, not on what APMI files. Because Jain too is named by Purnartha itself, and is not the Principal Officer, his attribution is not the same fact recorded twice.
Two limits belong in the same breath. The SEBI-filed disclosure document names no fund manager for any approach, so the evidence is the firm's published pages rather than a regulatory filing. And on Purnartha ONE the firm contradicts itself — its own brochure for that strategy names Mohit Khanna as Fund Manager with Jain as co-fund manager, while the current page and one-pager give Jain the lead title. Dynamic Midcap is the book that is his without argument. The firm's enforcement record, on its own disclosure document, is 'None' against every head.
- Mar 2011The company is incorporated as Capmetrics Technology Solutions Pvt. Ltd.
- Jul 2015 / Sep 2017Renamed Capmetrics Investment Advisers, then Purnartha Investment Advisers
- 23 Jul 2020SEBI grants portfolio-manager registration INP000007021, perpetual
- 2021The firm launches a Category III Alternative Investment Fund
- 2022Purnartha's PMS crosses ₹1,000 crore in assets under management
- 16 Feb 2023Purnartha Dynamic Midcap Strategy inception — the book he is named on
- 5 Sep 2023Purnartha ONE Strategy inception — the multi-asset book where his role is disputed
- 30 Jun 2026Firm discretionary PMS assets of ₹2,301.90 crore across 1,935 clients, per its disclosure document
- 31 Jul 2026APMI records ₹447.27 crore in Dynamic Midcap and ₹5.79 crore in ONE
How the strategies have performed
Trailing returns, net of fees, annualised beyond one year. Shown only when sourced and dated; missing figures are unavailable, never zero.
| Strategy | 1Y | 3Y | Since inception |
|---|---|---|---|
| Purnartha One Strategy | +6.41% | — | +9.01% |
| Purnartha Dynamic Midcap | +8.61% | +14.34% | +15.55% |
Figures are historical, unaudited and third-party reported, as of 2026-06-30. Past performance is not indicative of future returns.
What to press Rohit on
Bring these to the call.
Which books are actually his?
The firm names him on Dynamic Midcap without ambiguity and contradicts itself on ONE. Ask for written confirmation of the named manager and co-manager on each approach, and whether Mohit Khanna is still with the firm.
Where does the CIO sit?
Purnartha's team listing shows a Chief Investment Officer, Sunny Arora, alongside the fund manager and the Principal Officer. Ask who signs off on buys and sells, position sizing and the sell discipline, and what happens when they disagree.
The ceiling and the headline are far apart
The SEBI-filed disclosure document permits up to 5.00% per annum fixed on the Dynamic strategy; the marketing one-pager shows options well below that. Ask for the exact fixed rate, hurdle, profit share, high-water-mark frequency and exit-load schedule on your own plan.
How bad has the bad been?
An 18-to-25-stock midcap portfolio falls harder than a broad benchmark. Ask for the worst peak-to-trough drawdown since February 2023, the date it happened and how long recovery took — not the trailing returns.
Which number are you being sold?
The advice figure and the PMS figure are different businesses under different registrations. Ask specifically for discretionary PMS assets and client count by strategy, and for the trend over the last eight quarters.
The parent's own numbers move a lot
Purnartha's audited accounts show a profit of ₹17.62 crore in FY2022-23, a loss of ₹8.49 crore in FY2023-24 and a profit of ₹6.71 crore in FY2024-25. Ask what drove the swing and how the business is funded through a weak year.
Does ONE just hold the PMS book?
The ONE Strategy's direct-equity sleeve is drawn from Purnartha's own PMS and AIF stocks. If you are shown both, ask for the overlap before treating them as diversification.
How they compare
Comparable managers on the platform, by asset class and category · live fund figures.
| Manager | 1Y | 3Y | AUM | Nyra |
|---|---|---|---|---|
| Madanagopal Ramu Sundaram Alternate - SELF · PMS | +35.6% | +21.9% | ₹0 Cr | 8.4 |
| Prathmesh Agrawal Asit C Mehta - Ace Multi-asset Portfolio · PMS | +11.6% | +21.8% | ₹5.96 Cr | 8.1 |
| Mr. Varun Bang Reliance - Mint · PMS | +15.1% | +27% | ₹3.01 Cr | 7.8 |
| AKHIL SOMANI Eureka signature approach · PMS | +6.4% | +17.7% | ₹0 Cr | 7.7 |
Rohit Jain · FAQ
What does Rohit Jain manage?
Does he lead the ONE Strategy?
Why does APMI name someone else?
How big is the book he runs?
Has SEBI taken any action against the firm or against him?
What is the minimum investment, and what are the fees?
Considering Rohit's strategy?
We'll pull the current Disclosure Document, the actual fee schedule, and a portfolio-overlap check against what you already own.
PMS Sahi Hai is a distributor (APMI Reg. APRN08358), not a SEBI-registered Investment Adviser. APMI registration does not constitute an endorsement. We are paid by the product manufacturer; this does not change the price you pay. PMS & AIF investments are subject to market risks; past performance is not indicative of future returns. This is not investment advice. PMS Sahi Hai is an independent marketplace and is not affiliated with Rohit Jain.