Kotak Special Situations Value Investment Approach- Series II PMS


Key Portfolio Attributes

Mr. Anshul Saigal

Inception Date: 19th September, 2017

Portfolio Manager’s Name: Mr. Anshul Saigal

Portfolio Manager’s Experience: 20 years total. 14 years with Kotak AMC

Portfolio Manager’s Qualification: MBA (Finance) from Management Development Institute, Gurgaon. Industrial Engineering from SIT, Tumkur

Investment Objective

The main objective of the Investment approach is to generate capital appreciation through investments in equities with a medium to long-
term perspective.

Portfolio Strategy

The portfolio shall essentially target to invest in Value Opportunities and Special Situations in individual stocks and related instruments. Value Opportunities are ones, where in the opinion of the fund manager, the company’s Intrinsic Value is ‘X’, while the stock is trading at a discount to X. Special Situations are dependant on the probability of occurrence of one or more corporate events, rather than market events. These situations can largely be classified as follows:

• Price arbitrage: In such situations securities are bought at a discount to the price, which is/ maybe guaranteed by any institution. These situations can arise in the form of buybacks, de-listings, etc.

• Merger arbitrage: In such arbitrage, shares of a company can be created at a discount to the current market price.

• Corporate restructuring: Such arbitrage is a consequence of specific corporate action in the form of spin offs, asset sales, management change, etc. leading to either value unlocking or cash payouts to investors




Performance Table #


Trailing Returns (%) 1m return 3m return 6m return 1y return 2y return 3y return 5y return 10y return Since inception return
Portfolio3.5%5.3%2.4%2.6%37.0%24.1%--7.4%
India Value Index5.5%6.8%9.8%9.2%32.4%18.6%--4.0%



QRC Report Card *




VIEW DETAILED QUALITY, RISK, CONSISTENCY ANALYSIS

Portfolio Holdings


Holding %
STATE BANK OF INDIA 8.41
ICICI BANK LTD 7.54
POLYCAB INDIA LTD 5.19
BLUE STAR LTD 4.63
SRF LTD 4.62
BALRAMPUR CHINI MILLS LTD 4.61
OBEROI REALTY LTD 4.51
CENTURY PLYBOARDS (INDIA) LTD 4.43
CYIENT LTD 4.30
CARBORUNDUM UNIVERSAL LTD 4.15
WHIRLPOOL OF INDIA LTD 4.07
SAMVARDHANA MOTHERSON INTL LTD 3.98
VIP INDUSTRIES LTD 3.94
UNITED SPIRITS LTD 3.79
FORTIS HEALTHCARE LTD 3.65
HDFC BANK LTD 3.37
APL APOLLO TUBES LTD 3.29
PERSISTENT SYSTEMS LTD 3.15
ZYDUS LIFESCIENCES LTD 3.08
ISGEC HEAVY ENGINEERING LTD 2.97
SUVEN PHARMACEUTICALS LTD 2.58
LUX INDUSTRIES LTD 2.18
ANGEL ONE LTD 1.84
CASH & CASH EQUIVALENT 5.73
Top 23 Equity Holdings 94.27

Sector Allocation


Holding %
Cement & Cement Products 1.80
Power 2.90
Auto Ancillaries 3.70
Construction 3.70
Pharmaceuticals 4.80
Cash & Cash Equivalent 5.60
Healthcare Services 6.00
Textile Products 7.10
Banks 7.30
Ferrous Metals 8.10
Industrial Products 8.60
Consumer Non Durables 8.70
Software 10.00
Consumer Durables 10.10
Chemicals 11.50

Market Cap Allocation


Allocations %
Large Cap 34.8
Mid Cap 27.3
Small Cap 32.2
Cash 5.7


Do Not Simply Invest, Make Informed Decisions

WISH TO MAKE INFORMED INVESTMENTS FOR LONG TERM WEALTH CREATION

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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.




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