Renaissance India Next Portfolio – Dynamic Thematic Portfolio


Key Portfolio Attributes

Pankaj Murarka
Pankaj Murarka

Inception Date: April 2018

Number of stocks: 20-25

Portfolio Manager’s Name: Mr. Pawan Parakh

Portfolio Manager’s 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.

Portfolio Manager’s Qualification: CA (AIR 48), CFA (Virginia, USA).

Investment Objective

The investment objective of Renaissance India Next Portfolio – Dynamic Thematic Portfolio is to create long term capital appreciation by using growth and income theme.

Investment Strategy

Current theme is ‘Growth & Income’ which is blend of Investing into High Growth Business in India (Growth Portfolio) at the same time given high inflationary macro back drop have an Inflation Hedge (Income generating) Equity Portfolio of companies with strong pricing power.

Renaissance India Next Portfolio – Dynamic Thematic Portfolio’s previous theme was India Economic Recovery (19th April 2018 to 15th June 2022).

The current theme follows a focused multicap portfolio with an investment horizon of over 3 years. The Dynamic theme will ensure that the theme is Current & Relevant – Growth will lead to Capital Appreciation, and Income will act as Inflation Hedge.

Renaissance India Next Portfolio – Dynamic Thematic Portfolio’s Growth component has the following attributes:

  • Indian GDP growth of 7% in next 3 years
  • Focus on investing in growth sectors
    • Consumer Discretionary
    • Capital Goods
    • Financials
    • IT & Retail

Renaissance India Next Portfolio – Dynamic Thematic Portfolio’s Income component has the following attributes:

  • Focus on Income Yields
  • Business with strong pricing power
    • Utilities
    • Telecom
    • Pharmaceuticals
    • Real Estate

The 4 Pillars of Investment are:

  • Philosophy
  • Process
  • People
    Performance

Investment Philosophy

The investment philosophy of Renaissance India Next Portfolio – Dynamic Thematic 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 India Next Portfolio – Dynamic Thematic 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.

Performance Table #


Trailing Returns (%) 1m return 3m return 6m return 1y return 2y return 3y return 5y return 10y return Since inception return
Renaissance India Next Portfolio 6.67%6.09%29.33%43.50%30.83%35.55%22.60%-17.61%
NIFTY 501.24%4.19%18.77%26.51%16.29%16.94%15.32%-14.85%

QRC Report Card *




VIEW DETAILED QUALITY, RISK, CONSISTENCY ANALYSIS

Portfolio Holdings


Holding %
MOTILAL OSWAL FINANCIAL SERVICES LTD 6.74
INFOSYS LTD 5.76
HINDUSTAN PETROLEUM CORPORATION LTD 5.10
HDFC ASSET MANAGEMENT COMPANY LIMITED 4.99
STATE BANK OF INDIA 4.99

Sector Allocation


Holding %
BFSI 23.99
IT & Tech 18.39
Pharma & Chemicals 14.72
Industrials 14.43
Auto & Logistics 7.84

Market Cap Allocation


Allocations %
Large Cap 56.47
Mid Cap 17.73
Small Cap 25.96
Cash -0.16

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 30 Apr 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 Mar 24.


Do Not Simply Invest, Make Informed Decisions

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