Aditya Birla India Special Opportunities Portfolio


Key Portfolio Attributes

Inception Date: 15 June 2018

Number of Stocks: 15 - 25

Fund Manager Name: Vishal Gajwani and Dhrushil Jhaveri

Fund Manager Qualification:

Vishal Gajwani is a Gold Medal winning Chartered Accountant (ICAI, India) and holds a Masters degree in Commerce from M.S. University of Baroda. Vishal received 4 Gold Medals, including the Chancellor’s Gold Medal, for topping the Master of Commerce Exams. Vishal is also a CFA charter holder from the CFA Institute (The Global Association of Investment Professionals), USA.

Fund Manager Experience:

Vishal Gajwani, Head -Alternate Investments(Equity) With over 12 years of experience in equity research and portfolio management, Vishal has extensive expertise in researching companies across sectors and market capitalisations. Prior to this assignment he was a part of Reliance Portfolio Management Services (a part of Reliance Capital Asset Management Ltd), where he was designated as an Assistant Fund Manager and was responsible for managing equity portfolios.

Dhrushil Jhaveri has over 12 years of experience.

Investment Objective

The  investment objective of the portfolio is to invest in stocks that are primed to benefit from the catalysts and secular growth names

Investment Strategy

The core focus would be on companies that are primed to benefit from the catalysts mentioned below:

• Micro Turnaround (market share gain, new product launch etc)
• Macro / Change in business cycle
• Management Change
• Deleveraging
• Demerger
• Mid to Large Cap Potential
• Secular Growth Names

Idea is to look at stocks which have catalysts that will help unlock value over the next 2-3 years

Multi cap portfolio of approximately 15-25 stocks
To exploit the inefficiencies in the market that leads to mispricing of stocks that are fundamentally strong

Buy companies with:
• Strong Balance Sheets
• Good Capital allocation track record
• High return on capital over a longer time frame

Derivatives exposures in the portfolio will be in line with SEBI guidelines and will be taken only for hedging purposes.

Investment Philosophy

We firmly believe that bottom-up, fundamental research offers the best way to identify high-quality companies with above-average, sustainable earnings growth.

 

• Fundamental Research:

The portfolio construction process begins with fundamental analysis performed by equity analyst(s), which provides the portfolio management team with company and industry research. Investment ideas are also developed by analysing company and industry information from meetings with the company managements, suppliers, users, competitors, industry consultants and broker research community.

 

• Research Process:

The equity research process typically begins with an industry/sector overview to identify industry trends and provide a framework for individual security selection. Fundamental analysis at this level usually involves analysis of unit growth prospects, pricing power, international growth opportunities, the regulatory environment, and economic sensitivity. Analyst(s) develop a robust knowledge of the economic, political and international situations that affect the industries under study.

Performance Table #


Trailing Returns (%) 1m return 3m return 6m return 1y return 2y return 3y return 5y return 10y return Since inception return
Aditya Birla Capital India Special Opportunities Portfolio1.84%13.46%19.76%40.53%24.82%21.73%22.68%-18.60%
BSE 500 TRI1.66%11.93%18.86%39.47%19.79%19.46%18.99%-15.68%

Portfolio Holdings


Holding %
Bharti Airtel Ltd 4.46
Matrimony.com Ltd 3.55
Trent Ltd 6.19
Wheels India Ltd 2.81
Motherson Sumi Systems Ltd 2.68
JTEKT India Limited 2.18
Avenue Supermarts Ltd 3.72
ITC Ltd 3.44
Zydus Wellnes Ltd 2.64
HDFC Bank Ltd 7.42
ICICI Bank Ltd 5.85
Kotak Mahindra Bank Ltd 5.82
Axis Bank Ltd 4.85
Multi Commodity Exchange of In 3.43
Fortis Healthcare Ltd 4.12
Sun Pharmaceutical Industries 3.42
Syngene International Ltd 3.21
Container Corp Of India Ltd 4.09
AIA Engineering Ltd 3.52
Praj Industries Ltd 3.40
ION Exchange India Ltd 3.28
Siemens Ltd 3.25
Bharat Dynamics Ltd 2.01
Persistent Systems Ltd 5.02
Torrent Power Ltd 3.88
Cash 1.76
Top 25 Equity Holdings 98.24

Sector Allocation


Holding %
Cash 2.90
Utilities 3.80
Information Technology 3.90
Communication Services 7.80
Consumer Staples 9.90
Health Care 11.10
Consumer Discretionary 15.40
Industrials 17.90
Financials 27.30

Market Cap Allocation


Allocations %
Large Cap 63.10
Mid Cap 21.60
Small Cap 12.30
Cash 3.00

Do Not Simply Invest, Make Informed Decisions

WISH TO MAKE INFORMED INVESTMENTS FOR LONG TERM WEALTH CREATION

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Disclaimer

#Returns as of 29 Feb 2024. Returns up to 1 Year are absolute, above 1 Year are CAGR.


Do Not Simply Invest, Make Informed Decisions

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