White Oak India Top 200 PMS

The objective of the strategy is to achieve long term capital appreciation by primarily investing in top 200 ‘listed securities’ by market capitalization in India. The investment strategy is long only with a bottom-up stock selection of companies agnostic to benchmark BSE 200.

• Large Investment Team

• Balanced Portfolio Construction

• Sectoral Analyst: Team within team structure

• Experienced Analysts

• Strict forensic for negative list of stocks

• Tactical Allocation to Small Caps

• People: Team of Sector Experts with Global Experience

• Bottom-up Stock Selection based Philosophy

• Time Tested Process

• Balanced Portfolio Construction

• Aim to ensure performance a function of stock selection

• Disciplined Fundamental Research

Idea Generation

• Company visits & field work Supply chain meetings

Analysis

The investment philosophy of White Oak India Top 200 PMS is that outsized returns should be earned over time by investing in great businesses. And, a great business is one that is well managed, growing, scalable, and generates superior returns on incremental capital.

A bottom-up stock selection based Philosophy is followed which intends to buy great businesses at attractive values.

The attributes they look for are: Superior returns on investment capital, scaleable long term opportunity, strong execution and governance.

The investment philosophy is, that outsized returns are earned over time by investing in great businesses at attractive values. A great business, in their view, is one that is well managed, scalable, and generates superior returns on incremental capital. Valuation is attractive when the current market price is at a substantial discount to intrinsic value.

The motto is to invest in businesses, not to bet on macros as the firm believes that macros are for entertainment, so, watch them, but focus on Micros i.e. the underlying portfolio companies in terms of business earnings, and valuations [Current price at a substantial discount to intrinsic value] – this is where White Oak’s Team keeps its focus.

Hence the investment philosophy of White Oak Capital is, “Growth at reasonable prices(GARP)”.

This is a style agnostic fund that aims to avoid businesses with weaker characteristics like poor corporate governance, weak returns on incremental capital, substitution or obsolescence risk. The fund is designed to identify and research good businesses from a broad universe and invest in the most attractively valued companies.

• In 2022, White Oak Capital India Pioneers Equity PMS was awarded the Winner as the Best PMS in the Multi Cap Category, on a 2Y Risk-Adjusted Returns. These Awards were hosted by PMS AIF WORLD, in association with IIM-Ahmedabad.

• In 2021, White Oak Capital India Equity Fund, a Long Only Cat III AIF, was awarded the winner in the Best Long Only Cat III AIF, on 3Y Absolute Returns. These Awards were hosted by PMS AIF WORLD, in association with IIM-Ahmedabad.