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ASK Investment Managers to Acquire SageOne; Samit Vartak to be CIO (Equities) of the combined platform
The combined platform, backed by Blackstone, brings togetherASK’s institutional scale and broad client reach,andSageOne’s <a href="https://bitcomme.com/contest-invites-examples-of-innovative-use-of-ai-in-research/” title=”Contest invites examples of innovative use of AI in research”>research-driven, time-tested investment approach.
MUMBAI, India, Oct. 5, 2026 /PRNewswire/ — ASK Investment Managers (‘ASK IM’) today announced that it has entered into definitive agreements to acquire SageOne Investment Managers (‘SageOne’), an established asset manager operating across portfolio management services (PMS) and alternative investment funds (AIF). Samit Vartak, SageOne Founder and Chief Investment Officer will reinvest into ASK and continue in an expanded role as the Chief Investment Officer (Equities) of the combined asset management business.
The acquisition strengthens ASK IM’s equity investment capabilities and provides SageOne access to ASK’s global distribution footprint. Blackstone will remain the majority shareholder of the platform.
SageOne has established a differentiated performance track record through its disciplined, high-conviction investment approach. The SageOne Core Portfolio (SCP) is among the best performing domestic funds and has delivered annualized returns of 25.3% from April 1, 2012 to August 31, 2026, compared with 13.8% for the BSE 500 TRI during the same period. Over the last 3 years, the fund has delivered annualized returns of 19.4% compared with 12.1% for the BSE 500 TRI. The SageOne team led by Samit will continue to drive their investment function with the same consistent approach that has underpinned SageOne’s performance.
Samit is a veteran investor and comes with 25 years of investment experience across market cycles. Since founding SageOne in 2012, Samit has built the firm into a respected, high-performing investment franchise anchored in disciplined research.
ASK and SageOne will bring together more than INR 850 billion in assets under management, a deep pool of investment talent, and deep pan-India distribution and global institutional network. The platform will innovate strong investment products and drive scalability.
Mr. Sameer Koticha, Founder and Chairman of ASK Group said, “This is a strong strategic fit for ASK. SageOne has built an impressive investment business based on rigorous research, conviction and disciplined execution. Just as importantly, Samit is an exceptional investor and entrepreneur whose experience and perspective will be valuable across our platform. His appointment as our CIO (equities) will strengthen our investment leadership and help us serve clients with a broader set of high-quality investment solutions. We are very pleased to welcome Samit and the SageOne team to ASK.”
