Aditya Birla Innovation Portfolio


Alpha (1Y) Beta (1Y) Standard Deviation (1Y) % of +ve Months (SI)
-0.24% 0.90 10.63% 71.43%

Key Portfolio Attributes

Inception Date: 23 Jan 2020

Number of Stocks: 20 - 25

Fund Manager Name: Vishal Gajwani and Natasha Lulla

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.

Natasha holds a Masters in Business Administration (Finance Major) from Management Development Institute, Gurgaon and was a Gold Medal winner in each of the two years. She was also awarded a Gold Medal for achieving 1st rank in the Finance stream. Natasha has done her graduation in Economics from Lady Shri Ram College, New Delhi and graduated amongst the top 1% in Delhi University.

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.

Natasha Lulla, Portfolio Manager Over 11 years of experience in equity research and fund management. Prior to joining Aditya Birla Sun Life Portfolio Management Services, Natasha was working with Goldman Sachs as an equity analyst covering India Materials sector. In her earlier stint at Goldman Sachs, she was responsible for Portfolio Strategy for ASEAN regions and also covered Singapore Real Estate.

Investment Objective

The objective is long term wealth creation with lower volatility.

Investment Strategy

• Identify companies which create business value by actively innovating across products/processes.

• Stock selection and industry allocation independent of benchmark weights

• Around 50-75% of the portfolio will be invested in companies under innovation framework & balance in secular growth companies.

• Own high quality businesses with healthy Growth, ROE and cash flow profile

• A diversified multi cap portfolio with ~15-25 quality companies

• 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 analyzing 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
Portfolio-3.50%3.30%16.80%3.10%16.00%20.60%17.10%
Nifty 500-3.10%4.20%15.40%3.00%15.80%16.10%11.20%



QRC Report Card *




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Portfolio Holdings


Holding %
ICICI Bank Ltd 9.46
HDFC Bank Ltd 7.18
Bajaj Finance Ltd 5.63
HDFC Life Insurance Co Ltd 3.75
Trent Ltd 5.90
Maruti Suzuki India Ltd 3.74
WABCO India Ltd 3.35
Whirlpool of India Ltd 2.62
Persistent Systems Ltd 7.62
Honeywell Automation India Ltd 4.16
Bharti Airtel Ltd 5.67
Affle India Ltd 2.71
Matrimony.com Ltd 2.53
PI Industries Ltd 4.97
Bayer CropScience Ltd/India 3.23
Huhtamaki India Ltd 1.77
Larsen & Toubro Ltd 5.29
ION Exchange India Ltd 4.00
Reliance Industries Ltd 5.35
Biocon Ltd 2.70
Hindustan Unilever Ltd 2.52
Cash & Cash Equivalent 5.85
Top 21 Equity Holdings 94.15

Sector Allocation


Holding %
Cash 2.20
Health Care 2.70
Consumer Staples 3.00
Energy 5.10
Communication Services 8.10
Information Technology 10.10
Materials 12.10
Industrials 13.90
Consumer Discretionary 15.30
Financials 27.50

Market Cap Allocation


Allocations %
Large Cap 49.80
Mid Cap 26.10
Small Cap 15.90
Cash 8.20


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WISH TO MAKE INFORMED INVESTMENTS FOR LONG TERM WEALTH CREATION

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Disclaimer

#Returns as of 31 Dec 2022. Returns up to 1 Year are absolute, above 1 Year are CAGR.

*QRC Report Card data is updated quarterly. Current data is as of Apr 22.




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Do Not Simply Invest, Make Informed Decisions

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