• While investing in equities, the Fund emphasises on investment in well managed, high-quality companies with above average growth prospects that can be purchased at a reasonable price. Typically, these companies are highly competitive, with a large and growing market share. In selecting specific stocks, various criteria such as networth, consistent growth, strong cash flows, high return on capital etc. are considered.
• The fund follows a bottom-up approach to invest in companies based on various criteria including sound professional management, track record, industry scenario, growth prospects, liquidity of the securities, etc.
• Investment in fixed income securities will be mainly in investment grade listed / to be listed securities. The Scheme will emphasise on well managed, good quality companies with above average growth prospectus whose securities can be purchased at a good yield and whose debt securities are concerned investments (wherever possible) will be mainly in securities listed as investments grade by a recognised authority.

• Portfolio Size: Optimal portfolio size of 25-35 stocks constructed on a bottom up basis.
• Stocks in the Portfolio: The portfolio is a mix of steady compounders and businesses where we expect strong earnings growth over the next few years and where consensus is behind/below our estimates along with room for valuations to improve based on the earnings growth triggers going forward.
• Bottom-up Stock Picking: Our Visibility and conviction on triggers with the market not acknowledging the triggers playing out is the key to the stocks being classified as GARP today. The entire portfolio is built with a bottom-up approach.
• Sectors Avoided: The fund manager generally avoids cyclical sectors with potential for high debt. The fund manager also generally avoids investing in commodities based businesses as they are influenced by too many factors such as demand and supply and global economic conditions.
• Portfolio Turnover: The fund manager generally takes a buy and hold approach to investments.

1. On or before 30 days from the date of allotment: 0.50%.
2. After 30 days from the date of allotment: NIL.