Renaissance Business Leadership Fund – Midcap Portfolio


Key Portfolio Attributes

Inception Date: January 2018

Number of Stocks: 20-25

Fund Manager Name: Mr. Pawan Parakh

Fund Manager Experience: 15+ years of experience in investment research. He started his capital markets career with Edelweiss Securities as an equity analyst. Over the years, he has worked with several marquee organizations like Deloitte, HSBC and HDFC amongst others.

Fund Manager Qualification: CA (AIR 48), CFA (Virginia, USA).

Investment Objective

The investment objective of Renaissance Business Leadership Fund – Midcap Portfolio is to create long term capital appreciation by recognizing today’s Mid Cap with potential of becoming tomorrow’s large cap.

Investment Strategy

The investment strategy of Renaissance Business Leadership Fund – Midcap Portfolio is to follow a fair Value approach to valuing business while understanding the economic value through their proprietary framework of Sustainable Quality At Reasonable Price (SQGARP) framework.

Renaissance Business Leadership Fund – Midcap Portfolio has the following attributes:

  • High growth business at early stage
  • Focused approach – Around 25 stocks
  • Midcaps which can grow sustainability to become tomorrow’s Large Caps
  • Long term approach to realise the full potential
  • Flexibility to take exposure in small caps which can be mid caps of tomorrow

The 4 Pillars of Investment are:

  • Philosophy
  • Process
  • People
  • Performance

Investment Philosophy

The investment philosophy of Renaissance Business Leadership Fund – Midcap Portfolio is to stay focused on investing into Quality business that can deliver sustainable high growth over medium term to long term and being selective in cyclical business while keeping Risk Management central to investment management.

Renaissance Business Leadership Fund – Midcap Portfolio follows Sustainable Quality Growth at Reasonable Prices (SQGARP):

  • Sustainability: Companies with sustainable and durable business models
  • Quality: Superior quality businesses as demonstrated by competitive edge, pricing power, ROE, FCF, good quality and competent management teams, and so on
  • Growth: Businesses that can deliver superior growth over medium to long term
  • Price: Ability to invest at reasonable valuations. Fair value approach to valuations, with a focus on the economic value of business.

Why Midcaps?

  • Higher growth potential
  • Long term wealth creation
  • Could be tomorrow’s blue-chip
  • Established track record
  • If caught early in life cycle, rewards can be significant
  • Successful companies demonstrate leadership qualities at a early stage in their lifecycle

Do Not Simply Invest, Make Informed Decisions

WISH TO MAKE INFORMED INVESTMENTS FOR LONG TERM WEALTH CREATION

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Do Not Simply Invest, Make Informed Decisions