Portfolio Type: Portfolio is a mix of value opportunities and special situations.

Inception Date: 19 Sep 2017

Number of Stocks: 24

Fund Manager Name: Anshul Saigal

Fund Manager Experience: Total Exp – 13 years, With Kotak – 8 Years

Fund Manager Qualification: MBA (Finance) from Management Development Institute, Gurgaon and an Engineer (Industrial Engineering) from SIT, Tumkur.

Investment Objective: To aim long term wealth creation by investing in two kinds of opportunities:

1) Corporate events that may lead to value unlocking. For example- Demergers, Delistings and Corporate Restructurings.

2) Stocks which are trading at a discount to intrinsic value

Investment Strategy:

1) Large market opportunity: Market size should be at least 2x company of current sales. Growing at 1.5x of India’s GDP

2) Businesses with robust competitive advantages: Strong brands, High Switching costs, Network economics, Low cost advantages or Innovative products.

3) Strong Financials and Earnings Growth: Low debt companies; portfolio debt to equity is under 0.5x. Companies with earnings growth and margins higher than their peers.

4) Management Dynamism and Good Corporate Governance: Companies with passionate and transparent management. Asset turns and working capital turns at industry levels or trending there.

5) Fair Valuations: Businesses at fair valuations, where future earnings growth is not priced in.