The core objective of the ASK Lighthouse Portfolio is to deliver long-term capital appreciation by investing in a compact portfolio of 15–30 companies undergoing structural transformation. The fund aims to capture the high growth phase of businesses, where earnings momentum and operating leverage are expected to drive valuation re-rating.

Unlike other compounding-based PMS strategies, Lighthouse focuses on journeys of RoCE improvement, relatively higher portfolio churn, and theme transitions as opportunities evolve. The portfolio retains ASK’s foundational principles of high-quality management, margin of safety, and strong competitive moats.

ASK Lighthouse follows a hybrid Top-Down and Bottom-Up investment approach, where:

• Top-down sector selection identifies 3–4 high-potential investment themes such as Infrastructure, Energy, Defence, Railways, and Manufacturing.
• Bottom-up stock selection ensures only fundamentally sound businesses with strong balance sheets, scalable models, and visible earnings growth are included.
• The strategy is agile—allowing transitions between themes when marginal benefits reduce or new opportunities emerge.

The strategy consciously avoids companies with inconsistent earnings or volatile fundamentals and instead targets businesses with the potential to deliver high RoCE and operating leverage during the growth inflection phase.