Cash Position in Index – Aims to benefit from direction of the market
Stock / Index Futures – Aims to benefit from valuation dichotomy within sectors.
Index Options – Aims to benefit from range bound and directional view on market.
A product which aims to earn returns by taking derivative positions under long/ short investment strategy
Key Attributes
Structure: Open Ended
Portfolio Construct: 40% Long Equity Exposure, 30% Short Equity Exposure and 60% Short Index Exposure
Fund Manager Name: Mr Nandik Mallik
Fund Manager Experience: Total Exp – 12 Years, With ICICI – 3 Years
Fund Manager Qualification: MS, Finance from London School, MBA from IIM Calcutta and IIT from Kharagpur
Investment Objective
Investment Philosophy
Cash Position in Index – Periodically Hedged with futures
Cash Position may have exposure into Stocks of, Nifty, Bank Nifty.
• It can be hedged whenever macro indicators are not favorable.
• This component aims to deliver returns in directional market
Stock and Index Futures – Valuation Based Calls
Strategy is to invest into fundamentally researched companies (via futures).
• Fund manager may also short expensive stock within the sector selectively.
• This component aims to deliver from valuation dichotomy within the sectors.
Index Options Strategy – Directional Calls
Options exposure aims to benefit out of the direction of the market by writing index call/put option and earning premium income.
• Component is expected to do well in range bound market movement also as risk-reward favorable in writing options.
