MOAT Special Situations

Key Portfolio Attributes

Inception Date: 05th November 2020

Number of Stocks: 4-40

Fund Manager Name: Mr. Suraj Nair

Fund Manager Qualification:

Mr. Suraj Nair: BE

Fund Manager Experience:

Mr. Suraj Nair: 15 years

Investment Objective

To generate sustainable returns over medium to long term by making investments in companies where the promoter or the company has acquired additional shares and some special situations where the price mismatch is happening.

Portfolio Strategy

The Happiness portfolio fund seeks to generate superior risk adjusted returns, in relation to the broad market, by investing in fundamentally sound companies which have repurchased their own shares or where the promoters’ have acquired additional shares at market prices. Typically, such an action by a company or a controlling shareholder demonstrates their conviction that the company’s growth prospects, or inherent value has not been captured in its stock price at that point.


Portfolio proposition is to gain from the eventual balancing of the value-price mismatch in the market by identifying and investing in such companies after a detailed review of their fundamentals and corporate governance standards.

Investment Philosophy

Moat’s investment philosophy is designed to identify superior compounding growth stories which have the ability to deliver regularly rather than in bouts.


Their investment approach keeps them fixated on our goal of picking premium quality businesses while safeguarding the client’s capital.


They spot the undiscovered, hidden gems which can sustain a significantly higher Return on the capital employed (RoCE) compared to the Cost of capital (CoC) in the long-run, freeing up the excess cash flow for the business.


This phenomenon not only makes these businesses resilient but also sets them a class apart. In their view, these companies deem worthy of the title “premium quality business.”


They remain fixated on the aim of long-term wealth generation for all clients.


For this, they are on the constant hunt for companies that reinvest at least a portion of their excess cash flow back into the business to grow while increasing the returns for its shareholders.


They stay committed to their investment picks for the long haul which gives the business time to create value and also allows to reap the benefits of long-term compounding.


Their investment approach solely looks for growth opportunities of businesses in their industries, irrespective of the size of the company or sector.


They look for relatively smaller players in the industry which have the ability to become even bigger in the future.


Their definition of small players also includes large cap companies, the market leader or even near market leaders if they are more than capable of further expansion and penetration in their respective industries.

Performance Table #

Trailing Returns (%) 1m return 3m return 6m return 1y return 2y return 3y return 5y return 10y return Since inception return

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#Returns as of 31 August 2023. Returns up to 1 Year are absolute, above 1 Year are CAGR.

Do Not Simply Invest, Make Informed Decisions