Lakewater PMS

Lakewaters PMS

Key Portfolio Attributes

Number of Stocks :- 15-25

Fund Manager Name: – Pankaj Singhania

Fund Manager Experience: Total Experience of more than 25 Years

Fund Manager Qualification: Chartered Accountant, Cost Accountant and a Former Civil Servant

Investment Philosophy

• Corporate governance, research & development, innovation, asset light, debt free and patience are key words that define Lakewater’s investment philosophy.
• The very foundation of investment decisions is when one invest in a stock, one actually buys the business and not the stock.
• Investment philosophy is to remain agnostic to the daily fluctuating stock price as long as it continues to believe in the business.
• Lakewater views market volatility as a friend that allows to buy securities at a discount or sell at a premium to intrinsic value.
• For Lakewater, stock market is simply a platform where one can buy a piece of valuable businesses.
• Understanding business is more important to lakewaters than technical analysis and market algorithms.
• Lakewater focus more on basics than complex  economic charts. Focus is more on people’s economic behaviour, changing social norms, their preferences.

Portfolio Strategy

• Invest in sectors that have long term growth opportunities. Innovation is key to growth. A company to grow need to innovate. To innovate it should be supported by strong Research and Development investment. Innovation should not be limited to products and processes but it should be key ingredient of the very culture of the company.
• Avoids investing in highly regulated sectors, sectors linked significantly to commodity prices, ‘fad’ driven sectors and sectors exposed to technological disruption.
• Also, avoid sectors that over a long period only generate accounting profits and not cash flows
• Innovation is key to growth. A company to grow need to innovate. To innovate it

Performance Table #

Trailing Returns (%) 1m return 3m return 6m return 1y return 2y return 3y return 5y return 10y return Since inception return
Lake Water PMS0.75%-1.79%3.95%34.03%2.99%8.98%11.89%
Nifty 50 TRI1.57%2.92%14.09%30.08%14.38%16.31%15.52%

QRC Report Card *


Portfolio Holdings

Holding %

Sector Allocation

Holding %
Chemicals 0.00
Chemicals Speciality 0.00
Computer Software 0.00
Finance Leasing& Hire Purchase 0.00
Pesticides & Agrochemicals 0.00

Market Cap Allocation

Allocations %
Large Cap
Mid Cap
Small Cap

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#Returns as of 31 Mar 2024. Returns up to 1 Year are absolute, above 1 Year are CAGR.

*QRC Report Card data is updated quarterly. Current data is as of Sep 23.

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