IIFL Asset Logo

IIFL Multicap PMS


Key Portfolio Attributes

Mr. Anup Maheshwari

Inception Date: 31 December 2014

Number of Stocks: 29

Portfolio Manager's Name: Anup Maheshwari

Portfolio Manager's Experience & Qualification:

With over 26 years of investment experience, Mr. Anup Maheshwari is the Chief Investment Officer and Joint – Chief Executive Officer of IIFL Asset Management. Anup is responsible for the investment and strategy for IIFL AMC’s business including mutual funds and Alternative Investment Funds (AIFs). He plays a key role in meeting the company’s aggressive growth goals as well as product development and devising an innovative investment strategy.

An alumnus of the Indian Institute of Management, Lucknow, he has over 25 years of work experience in the financial services sector. Prior to joining IIFL Asset Management Limited, he has been associated with DSP Investment Managers Private Limited (formerly known as DSP BlackRock Investment Managers Private Limited) for over 21 years as an Executive Vice President & Chief Investment Officer. He was also associated with HSBC Asset Management (India) Private Limited & Merrill Lynch India Equities Fund (Mauritius) Limited.

Investment Objective

The objective of the strategy is to generate long term capital appreciation for investors from a portfolio of equity & equity related securities. The investment strategy is to invest in companies and in sectors that are available at a significant discount to their intrinsic value and provide earnings visibility.

Portfolio Strategy

• The portfolio is comprised of 15-20 high-quality companies which are business leaders, have a strong management, low leverage and which offer a large margin of safety

• Investments pertain to largely in 2 – 4 high conviction sectors

• Identifying companies within the high conviction sectors that have attractive business models, strong balance sheets, good corporate governance practices and run by excellent management teams

• Significant Alpha Generation with Low Risk (Past portfolios have a beta of 0.7 – 0.8 which is lower than most mutual funds)

• Aims to target superior outperforming stocks over the benchmark through concentrated sector or stock positions where stocks are mostly held for the long term, typically almost always over 12 months

Investment Philosophy

  1. IIFL Multi Cap PMS follows an interesting and insightful mechanism to dissect markets on exactly this mathematics i.e. corporate earnings. This is called SCDV framework, where by the whole of the listed market is divided on the basis of earnings profile of the companies, in following four quadrants.

    • Seculars – PAT and ROE more than 15%
    • Cyclicals – PAT more than 15%, ROE less than 15%
    • Defensives – PAT less than 15%, ROE more than 15%
    • Value Traps – Both PAT and ROE less than 15%




Performance Table #


Trailing Returns (%) 1m return 3m return 6m return 1y return 2y return 3y return 5y return 10y return Since inception return
Portfolio4.3%9.6%3.1%1.3%26.6%21.8%16.3%-18.8%
BSE 200 TRI4.7%9.3%8.7%7.2%29.1%20.7%13.9%-12.8%



QRC Report Card *




VIEW DETAILED QUALITY, RISK, CONSISTENCY ANALYSIS

Portfolio Holdings


Holding %
ICICI Bank Limited 11.01
Infosys Limited 6.38
HDFC Bank Limited 5.83
State Bank of India 4.25
Bharti Airtel Limited 3.83
Larsen & Toubro Limited 3.81
Axis Bank Limited 3.76
Bajaj Finance Limited 3.53
Apollo Tricoat Tubes Ltd. 3.23
Dr. Reddy's Laboratories Limited 3.14
Top 10 Equity Holdings 48.79

Sector Allocation


Holding %
Industrials 6.07
Health Care 7.31
Consumer Discretionary 10.68
Materials 12.20
Information Technology 12.90
Financials 32.88

Market Cap Allocation


Allocations %
Large Cap 64.1
Mid Cap 12.0
Small Cap 19.6
Cash 4.3


Do Not Simply Invest, Make Informed Decisions

WISH TO MAKE INFORMED INVESTMENTS FOR LONG TERM WEALTH CREATION

imageBook a call with our PMS AIF Specialists


From the Founders & Managers of IIFL Wealth & AMC PMS

What to expect from IIFL Multicap PMS?

IIFL Multicap PMS follows an SCDV (Seculars, Cyclicals, Defensives, Value) framework where it’s overweight on Secular & underweight on Value with regards to benchmark BSE200. That approach itself helps to beat benchmark in long run. It navigates between Cyclical & Defensive depending on economic situation. The Portfolio is more tilted towards large cap.

Who should invest in this PMS?

The clients who are looking for stable returns in medium to long term.

Which is the best company through which an investor can invest in IIFL Multicap PMS?

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 Aug 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 Jun 22.




Related Investments


Related Videos

Do Not Simply Invest, Make Informed Decisions