Alternative Investment Funds (AIF)

Objective

The objective of the fund is to achieve capital appreciation and provide capital preservation through investing in listed equities, IPOs and other securities in accordance with the Memorandum and its Regulations. The majority of investments will be in listed equities.

Investment Strategy

The Fund follows a bottom-up stock picking approach using the Business, Management and Valuation (BMV) model, i.e. evaluating the business environment that a company operates in, the capability of the management to execute and scale up the business and valuation of the company based on fundamentals like discounted cash flows and PE ratios, etc.

The core strategy of the fund is to deploy capital in predominantly small cap companies with sustainable growth and decent valuations to align with the Growth At Reasonable Price (GARP) strategy.

Portfolio Characteristics

Foresight. Experience. Commitment.

 We embrace a balanced portfolio construction approach, placing a strong emphasis on bottom-up stock selection to identify high-quality businesses at reasonable prices. Our focus is on maintaining diversification and staying mindful of benchmarks to craft effective investment strategies.

Investment Focus

Our focus lies in investing primarily in publicly traded Indian companies, predominantly in fundamentally strong small cap companies. By employing a buy-and-hold strategy, we aim to harness the power of compounding returns over the long haul.

In our investment journey, we prioritize consistency and capital protection over isolated greatness in any single year. This approach sets us apart from those focused solely on top-of the-charts performance.

With decades of managing public market funds, we have learned that pursuing top decile annual performance every year is not only challenging but imprudent. Our approach targets slightly better-than-average performance, aiming to remain within the top two quartiles.

We ensure steady and resilient growth by avoiding big losers, emphasizing stability and reliability in long-term results. We do not chase short-term spurious performance; we commit to your long-lasting financial success.

We must remember that outcomes, whether good or bad, are not in our control. What we can control is our process, the inputs, stock selection filters and our investment temperament. We recommend that you build a solid investment framework and philosophy that suits your investment style and temperament and keep improvising on it as you move ahead.