Targeting Long term wealth creation by investing in two kinds of opportunities: Special Situations and Value. Special situation are corporate events that may lead to value unlocking. For example: Demergers, Delistings, and Corporate Restructurings. The key attraction of these investments is that their returns tend to be relatively uncorrelated with market returns.
Kotak AMC Special Situations Value 2 PMS
Key Attributes
Inception Date: 19th September, 2017
Fund Manager Name: Mr. Anshul Saigal
Fund Manager Experience: 13 years total. 8 years with Kotak AMC
Fund Manager Qualification: MBA (Finance) from Management Development Institute, Gurgaon. Industrial Engineering from SIT, Tumkur
Investment Objective
Portfolio Strategy
- Total universe of top 1000 market capitalisation companies
- 804 – Companies having greater than 30% promoter shareholding
- 536 – Rank companies based on ROE and 1/PER (Earnings Yield). Add the two parameters to arrive at a combined rank. Identify the top 2/3rdof this combination to arrive at stocks likely to perform best
- 421 – Capital Efficiency i.e. ROE of at least 15% trending toward and higher than 20%
- 227 – Compounded PAT Growth of at least 10% in the last three years
- 50 – Assess companies based on Management quality, Integrity, Balance Sheet strength, Capital Allocation. Execution Capabilities. Vision for the business. fairness to stakeholders. etc.
- 12-18 – Valuation not more expensive than peer set and price to value gap of at least 30%
