For ASK India Select Portfolio or ASK ISP PMS, size of opportunity matters. The strategy is an electic mix of: size of opportunity, earnings growth, quality of the business, and price-value gap. Good Management is an attribute which is a given constant. The ultimate aim is to achieve an overall optimal bend within the portfolio mix.
The Investment Approach Research Methodology & Filtration for ASK India Select Portfolio or ASK ISP PMS is:
• Universe of Top 500 as per market capitalization
• Filter companies that have a PBT of above INR 75 crores for trailing 4 qtrs (at the time of 1st investment)
• Subjective evaluation on management quality, their integrity, vision, past track record, execution, capital allocations and distribution skills, corporate governance standards, and so on
• Filter for selection of stocks – Minimum 15% earnings growth over the next 3 to 5 years without capital dilution, and Quality of business (capital efficiency) – minimum ROCE of 20%
• The businesses that remain after passing through the above filters, become a part of the ASK India Select Portfolio or the ASK ISP PMS