• The fund follows an elimination approach keeping in mind benchmark allocation. A company’s financial strength, future growth expectation and valuation are key criteria for selection.
• Portfolio is expected to have buckets of compounders as well as rerating candidates. In large cap space, there is going to be higher proportion of compounders as most of these companies are well discovered in terms of business understanding and valuation.
• The fund is sector agnostic, hence every business is evaluated only on the basis of our investing criteria
• 4 key filters for selecting investment:
  • reasonable management team
  • no obvious negative/red flags (This list is not constant but evolving)
  • competitive positioning and opportunity size
  • valuation

1. Bottom up: Business fundamentals and valuations to be primary driver of stock selection
2. Concentration: The fund backs conviction stock ideas with heavy allocation to make returns
3. High Active Share: Benchmark presence not a factor in Stock Selection
4. No Active Cash Position: No deliberate cash cell in the fund

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