Invasset Growth Fund PMS

Key Portfolio Attributes

Inception Date: January 2020

Number of stocks: 25-30

Fund Manager Name: Mr. Rajnish Garg

Fund Manager Experience: 37 Years

Fund Manager Qualification: Chartered Accountant and Company Secretary

Investment Objective

• Prudent management is very important in the building of long-term wealth-creating businesses
• The two most important forces that influence investing are greed and fear. AI helps in overcoming these biases and thus create alpha
• Hungry for Growth and Growth never comes Cheap. Generally, Invasset’s portfolios have a higher PE Ratio as compared to peers
• Buy and Rotate Strategy beats both active and passive investment styles
• Appreciation of capital should be consistent and permanent. Depreciation of Capital of capital should be limited and temporary
• Winners of one primary bull run will not outperform in the next bull run. Keep on looking for new sectors.
• Dig for the tailwinds and take advantage of both macro and micro developments
• Keep winners and weed out our losers
• The size of the Opportunity and the ability to harness the opportunity is what matters. Focus on the Sharks in the ocean
• The interest rate Cycle plays a major role in deciding the future performance of stocks and even companies
• Cyclicals are great opportunities to earn alpha if you know your commodity well.

Portfolio Strategy

• Companies with Prudent Management Team
• Companies that can grow 20%+ for a consistently long time
• Companies generating High Return of Capital Employed
• Companies giving an edge to their competitors due to a moat
• Companies with free cash flow generation
• Companies in commodity sectors available at oversold prices due to a market meltdown
• Companies operating in monopolistic markets

Performance Table #

Trailing Returns (%) 1m return 3m return 6m return 1y return 2y return 3y return 5y return 10y return Since inception return
BSE 200-3.20%4.10%15.40%3.30%16.00%---16.60%

Portfolio Holdings

Holding %
Apar Industries Ltd. 6.49
Varun Beverages Ltd. 6.15
Solar Industries India Ltd. 5.25
Mazagon Dock Shipbuilders Ltd. 5.02
Timken India Ltd. 4.80
Capri Global Capital Ltd. 4.64
Elecon Engineering Company Ltd. 4.43
Garden Reach Shipbuilders & Engineers Ltd. 3.81
Bharat Dynamics Ltd. 3.70
Cochin Shipyard Ltd. 3.61
Top 10 Equity Holdings 47.90

Sector Allocation

Holding %

Market Cap Allocation

Allocations %
Large Cap 45.00
Mid Cap 40.00
Small Cap 15.00
Cash 0.00

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#Returns as of 31 Dec 2022. Returns up to 1 Year are absolute, above 1 Year are CAGR.

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Do Not Simply Invest, Make Informed Decisions