Negen Capital Special Situations & Technology Fund


Key Portfolio Attributes

Mr Neil Bahal

Inception Date: 01st October, 2017

Portfolio Manager’s Name: Mr. Neil Bahal

Portfolio Manager’s Experience: 21 years

Portfolio Manager’s Qualification: Studied at SP Jain Institute of Management & Research.

Investment Objective

Negen Capital is predominantly a smallcap and midcap focused PMS with a keen interest in identifying value investing opportunities via special situations like demergers and Spin offs.

The objective of Negen Capital Special Situations PMS is to create consistent profits for clients in all market conditions, through values of professionalism, transparency, and safety.

Investment Strategy

Negen Capital Special Situations PMS follows the below mentioned investment strategies:

• Strategic risk management:

  1. Negen Capital has been following a conservative approach due to covid, which means company has been keeping cash as well for the uncertainties, the company has kept 4.19% cash and generated alpha returns with 95.81% Investment.
  2. Negen Capital takes less risk by avoiding cyclicals, commodities and PSUs.
  3. Negen Capital sticks to Technology, IT, Demergers and Promoter change.

• Negen Capital Special Situations is uniquely placed:

  1. Special Situations: Value investing with a trigger
    1. Demergers
    2. Change in promoters
  2. Technology: A permanent super-cycle
    1. Indian Tech
    2. Global Tech (FAANG plus)

• Negen Capital Special Situations PMS is Tech-focused:

  1. The internet adds 3 new users EVERY SECOND.
  2. 15 smartphones are sold globally EVERY SECOND
  3. Due to Jio, India has seen ‘Internet-i-fication’.
  4. We are in the midst of an early technology revolution in India
  5. A technology super cycle is in front of our eyes
  6. Every single decent sized business is going to upgrade its IT infrastructure in the next few years
  7. Pure technology platforms and even the IT product & services companies should see unprecedented, structural growth.
  8. These companies are typically debt free, have high RoIC, high FCF, and best of all, they have Growth.

• Value Investing:

  1. Negen PMS does not buy random, cheap stocks from market. These kinds of stocks are cheap for good reasons.
  2. Negen PMS buys buy Cheap stocks only if they demerge or if a new promoter buys the company to create value

Investment Philosophy

  1. Idea Generation: Most of Negen Capital PMSs portfolio companies have a unique combination of Special Situation Investing. They look for ideas from Demerger and Promoter Change with Better Management. These situations have delivered Alpha Returns.
  2. MEGA Trends: Negen Capital PMS identify Mega Trends and Invest the companies benefitting the most from them. They have been Investing in Consumer Tech Companies and being Early in this, have generated Alpha returns.
  3. Conservative Approach: The team at Negen Capital PMS aims to stay away from PSU and Cyclical Investments.



Performance Table #


Trailing Returns (%) 1m return 3m return 6m return 1y return 2y return 3y return 5y return 10y return Since inception return
Portfolio5.6%9.2%12.9%16.7%60.0%40.6%14.6%-15.3%
NIFTY 5004.5%8.5%7.1%5.3%27.9%19.5%12.0%-12.0%



QRC Report Card *




VIEW DETAILED QUALITY, RISK, CONSISTENCY ANALYSIS

Portfolio Holdings


Holding %
TIPS Industries Ltd 5.91
Intellect Design Arena Ltd 5.56
Forbes Gokak Ltd 5.56
FSN E-COMMERCE VENTURES PRIVATE LIMITED F.V. RS.1 4.93
Bajaj Finance Ltd 4.89
Top 5 Equity Holdings 26.85

Sector Allocation


Holding %

Market Cap Allocation


Allocations %
Large Cap 12.3
Mid Cap 38.9
Small Cap 29.5
Cash 19.3


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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