| Alpha (1Y) | Beta (1Y) | Standard Deviation (1Y) | % of +ve Months (SI) |
|---|---|---|---|
| 9.39% | 0.94 | 16.16% | 67.57% |
Carnelian “The Shift” Strategy
Key People
Vikas Khemani
CA, CFA, CS, Founder
Investment Objective
Outperform the benchmark BSE 500 by 5-7% over a period of 3 – 5 years.
Investment Philosophy
Investment philosophy is designed to invest in structural growth businesses, run by great managements at fair valuation within Carnelian’s risk-reward framework.
Believe investing success is an outcome of making good decisions consistently over a long period of time. Good decisions are those which are made “objectively, free of any bias”, considering “probability of outcome” and factoring “risk reward”.
Puts utmost importance to capital protection, hence subject every company through Carnelian’s proprietary CLEAR forensic research framework before investing. Believe in being patient and long term.
Investment Strategy
“SHIFT Strategy” is a Multicap Portfolio with a focus on Mid & Small caps to tap niche manufacturing businesses that gain from global supply diversification, recent policy reforms, and cost competitiveness.
India is set to benefit from the emergence of manufacturing-led opportunities due to Global supply chain diversification from China, Recent government reforms & initiatives, Cost competitiveness and Strong domestic markets. Detailed research reveals multi-billion, multi-decade opportunities for manufacturing sectors in India.
This strategy aims to invest in the companies with niche capabilities and business leadership, expected to grow earnings > 20% (CAGR) over the investment horizon of 3-5 years across various sectors.
This strategy is sector agnostic and Multicap with a predominant focus on Mid and small caps.
Performance Table #
| Trailing Returns (%) | 1m return | 3m return | 6m return | 1y return | 2y return | 3y return | 5y return | 10y return | Since inception return |
|---|---|---|---|---|---|---|---|---|---|
| Carnelian Capital Shift | 0.33% | 6.38% | 36.63% | 46.07% | 23.95% | 45.23% | - | - | 44.00% |
| BSE 500 TRI | -2.86% | -1.42% | 10.89% | 9.63% | 6.74% | 22.01% | - | - | 21.70% |
QRC Report Card *
| Strategy | Category | Fund Manager | Date of Inception | Age Of PMS | Corpus (in Cr, approx) | Benchmark | Returns SI (CAGR) | Stocks In Portfolio | Sectors In Portfolio |
|---|---|---|---|---|---|---|---|---|---|
| Carnelian Capital Shift | Mid & Small Cap | Mr. Manoj Bahety and Mr. Sachin Jain | 06 October 2020 | 3Y 1M | 746.84 | BSE 500 TRI | 44.00% | 20-25 | 11 |
| Portfolio Quality (Q) | Portfolio Risk (R) | Portfolio Consistency (C) | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Index | Category Alpha (1Y) | Relative Alpha (1Y) |
% of +ve Months
(Fund Data) |
Alpha (1Y) | Beta (1Y) |
Standard Deviation (1Y)
(Fund Data) |
Sharpe Ratio (1Y)
(Fund Data) |
Alpha (SI) | Information Ratio (SI) | Consistency Ratio % |
| Nifty 50 | 10.71% | 20.97% | 67.57% | 31.68% | 0.93 | 16.16% | 2.66 | 24.83% | 1.60 | 67.57 % |
| Nifty 500 | 8.40% | 21.55% | 29.95% | 1.14 | 22.44% | 1.63 | 67.57 % | |||
| Nifty Midcap 100 | -4.84% | 19.23% | 14.39% | 1.26 | 11.51% | 0.89 | 59.46 % | |||
| Nifty Smallcap 100 | -7.63% | 17.02% | 9.39% | 0.94 | 15.33% | 1.33 | 59.46 % | |||
VIEW DETAILED QUALITY, RISK, CONSISTENCY ANALYSIS
Portfolio Holdings
| Holding | % |
|---|---|
| The Anup Engineering Ltd | 6.80 |
| Phillips Carbon Black Ltd | 4.60 |
| Newgen Software Technologies Ltd | 4.60 |
| Laurus Labs Ltd | 4.50 |
| Syngene International Ltd | 4.40 |
| Ratnamani Metals & Tubes Ltd | 4.10 |
| HCL Technologies Ltd | 3.90 |
| Larsen & Toubro Ltd | 3.90 |
| Quick Heal Technologies Ltd | 3.90 |
| Neuland Laboratories Ltd | 3.80 |
| Top 10 Equity Holdings | 44.30 |
Sector Allocation
| Holding | % |
|---|---|
| IT | 21.50 |
| Pharma, API & Chemical | 19.00 |
| Engineering & Capital Goods | 17.80 |
| Auto & Auto Ancillary | 14.30 |
| Textile & Garment | 9.20 |
| Electronic Manufacturing | 3.60 |
| Plastic Manufacturing | 3.30 |
| Building Material | 2.90 |
| Consumer | 2.70 |
| Telecom Equipment | 2.60 |
| Cash and Liquid | 3.00 |
Market Cap Allocation
| Allocations | % |
|---|---|
| Large Cap | 10.80 |
| Mid Cap | 21.30 |
| Small Cap | 64.90 |
| Cash | 3.00 |
Do Not Simply Invest, Make Informed Decisions
WISH TO MAKE INFORMED INVESTMENTS FOR LONG TERM WEALTH CREATION
Book
a call with our PMS AIF Specialists
From the Founders & Managers of Carnelian Capital PMS
Which is the best company through which an investor can invest in Carnelian “The Shift” Strategy?
We recommend PMS AIF WORLD, because, it is one unique platform that offers real knowledge driven investing with their highly meaningful data, reports, and content that is written very well. PMS AIF World is a team of highly articulate, educated, and experienced people.
Disclaimer
#Returns as of 31 Oct 2023. Returns up to 1 Year are absolute, above 1 Year are CAGR.
*QRC Report Card data is updated quarterly. Current data is as of Sep 23.
