UNIFI Capital Blended Rangoli PMS Portfolio

KEY PORTFOLIO ATTRIBUTES #

Year of Inception 12-Jun-2017
Number of Stocks -
Alpha (1Y) -32.08%
Beta (1Y) 0.26

About UNIFI Capital

Unifi was established in 2001 as a specialized Portfolio Management company offering innovative investment strategies with superior risk adjusted returns. The core team at Unifi has on average 20+ years of experience in capital markets. At Unifi, they continuously focus on Relationships and offer personalized services to each client. Unifi’s remarkable seventeen year performance record is marked by each fund consistently outperforming respective benchmarks over the years. A strong in-house research team and high levels of service, supported by continuity in relationships is Unifi’s promise to its clients.

Investment Objective

The objective of Unifi Blended – Rangoli fund is that it cherry picks the best opportunities from across seven thematic funds that Unifi PMS manages. The mandate of Unifi Blended PMS is to participate in opportunities that arise from a mix of emergent themes, corporate actions and attractiveness of core fundamentals.

Unifi Rangoli PMS aims to thrive through market cycles and helps cutting down the investors switching cost and effort in migrating between different funds over time.

The objective of Unifi Rangoli Blend Fund is to focus on identifying unique investment opportunities that consistently generate superior (risk adjusted) returns with due emphasis on capital preservation.

Unifi Capital is a discretionary, long-only India centric fund manager, specialising in event-oriented top-down themes and a bottom-up focus on “growth with value”.

Unifi Capital PMS actively manages seven bottom up equity approaches that sift through opportunities across the breadth of the markets. Across the funds, the mandate is to participate in opportunities that arise from a mix of emergent themes, corporate actions and of course attractiveness of core fundamentals. The objective of all the respective funds under management is to deliver superior risk adjusted returns from an absolute perspective.

Investment Strategy

Unifi Rangoli Blend PMS Theme cherry picks Investments from all 7 distinct strategies managed by Unifi.

Spin Off: In a single corporate structure with multiple businesses, the sum of the value of the separate parts is often less than that of the whole. A de-merger of disparate businesses, unlocks the financial and management bandwidth required for the respective businesses to grow. Spin off strategy invests in situations that offer great scope for the businesses to realise their full growth potential and attract commensurate market valuation.

DVD: Few segments of the market tend to be mispriced in spite of visible growth prospects, resulting in such stocks trading at a deep discount to their intrinsic value. Reasons could vary from inadequate understanding of a business by most analysts, low relative market cap and liquidity or the lack of correlation to benchmark indices. DVD invests in such businesses and exploits market inefficiencies.

HoldCo: Many holding companies are run as group holding companies rather than strategic investment companies. This results in a perennial discount in their valuations but such discounts are not a constant. The Holdco strategy identifies strong underlying businesses and looks for massive valuation discounts that are likely to recover as promoters feel the heat of change in the regulatory landscape; meantime benefiting from value convergence in a rising market.

APJ 20: As always, markets fancy few sectors that have done well in the past ignoring the rest. Of the sectors which are less understood, few like specialist chemicals, agri, precision manufacturing have become globally competitive and are privy to an expanding market opportunity. APJ20 invests in firms that have evolved and are in a ripe position to benefit from such growth prospects.

Green Strategy: The investment focus of the green strategy is on companies which provide products and services that help in reducing the carbon footprint in the environment and/or result in more efficient use of natural resources. Within the context of this strategy, the sectors that have been identified for creating the portfolio are – emission control, energy efficiency, water management and waste management.

Insider Shadow Strategy: The theme invests in companies which have repurchased their own shares or where its promoters’ have acquired additional shares at market prices. Such an action demonstrates their conviction on company’s growth prospects or inherent value not captured in stock price at that point. The proposition is to gain from the eventual balancing of the value-price mismatch in the market.

BCAD: India is a USD 2.6 Trillion economy and will double to USD 5 Trillion in a decade from now. Supporting this massive scale are certain social, legal and tax changes that have powerful repercussions for various sectors. The unintended consequences of these changes are impacting the competitive ability and in some cases the very survival of unorganised businesses, thus leading to a disruptive shift favouring organised businesses.

Investment Philosophy

Unifi Capital follows 2 investment philosophies:

• Opportunistic Investing: Under Unifi PMS, the investments are based on the occurrence of specific corporate events and the time frame is 3-18 months.

• Fundamentally Driven: This is a buy & hold strategy where investments are based on sustained growth of the Indian economy. Here, the time frame is 2-3 years.

Unifi Blended-Rangoli Fund PMS follows a mix of both above mentioned philosophies.

Value creation requires a mental model which goes beyond the obvious. It requires a meticulous mind-set which is able to sift through reams of information and assimilate only that which is relevant in identifying value accretive opportunities. Metaphorically this could be compared to searching the proverbial needle in a haystack. This fund investment strategy will be to pick best opportunities from the investment themes being followed across all offerings of Unifi Capital.

Awards & Achievements

• In 2023, Unifi Capital Blended Rangoli PMS was awarded Rank #1 as the Best PMS in the Multi Cap Category, on a 3Y Risk-Adjusted Returns. These Awards were hosted by PMS AIF WORLD, in association with IIM-Ahmedabad.

• In 2023, Unifi Capital Blended Rangoli PMS was awarded the Fastest Wealth Creating PMS in the Multi Cap Category, on a 3Y Risk-Adjusted Returns. These Awards were hosted by PMS AIF WORLD, in association with IIM-Ahmedabad.

Performance Table #


Trailing Returns (%) 1m return 3m return 6m return 1y return 2y return 3y return 5y return 10y return Since inception return
UNIFI Blended Fund-Rangoli4.33%3.43%20.73%39.46%18.85%23.54%28.12%-22.65%
BSE 500 TRI3.44%6.05%25.01%38.63%20.19%20.46%18.21%-15.54%

QRC Report Card *




VIEW DETAILED QUALITY, RISK, CONSISTENCY ANALYSIS

Portfolio Holdings


Holding %

Sector Allocation


Holding %

Market Cap Allocation


Allocations %
Large Cap 30.00
Mid Cap 27.00
Small Cap 43.00
Cash 0.00

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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