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

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.

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%

 

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