INTELLIGENT ADVISORY PORTFOLIO (IAP)

Investment Universe, Process & Strategy

• Defined investment universe to include companies with good quality businesses, strong track record and corporate governance
• Confluence of Sector/Company research; Regular expert/ management interaction
• Portfolio Construction based on best ideas on bottoms up basis on
• Zero tolerance to Quality risk; Minimize Price/Volatility & Liquidity risk

Rebalancing Strategy

• Change in the outlook on business growth
• New idea generation

For Whom?

Investors with a moderate risk appetite and an investment horizon of minimum 3-5 years

Investment Universe, Process & Strategy

Stock selection procedure involving 2 strategies:

• Long Term Winners (60%): Stocks relevant from a 12-18 month perspective – these are companies which have a proven track record of profits over 3-5 years, meaningful growth triggers & beaten-down stocks with favorable risk-reward
• Tactical bets (40%): Stocks that are relevant from a 3-6 months horizon. Major buy triggers include a change in government policy, industry consolidation and company-specific opportunities

Rebalancing Strategy

• Company or Industry fundamentals have started to change
• Too much negativity around a company or sector
• An extreme macroeconomic / market situation
• Stocks that have better growth prospects or better capital allocation policies

For Whom?

Investors with moderate to high risk profile having an investment horizon of a minimum 3-5 years

Investment Universe, Process & Strategy

• Dynamic Portfolio creation comprising of 10 to 2
• Identifying stocks through Screening based on parameters like Quality, Valuation, Financial trend & technical parameters
• Maximum exposure of 30% in any sector & 10% in a single stock

Exit Strategy

• Continuous re-evaluation of the portfolio in case of adverse change in the stock selection criteria
• Corporate governance issue in the company
• Underperformance against benchmark BSE500 of over 20%

For Whom?

Investors and positional traders with moderate risk appetite and investment horizon of minimum 3-5 years.

Investment Universe, Process & Strategy

• Dynamic portfolio comprising of 12 Nifty stocks in equal weights
• Identifying stocks through fundamental screening and a quant model based on parameters like growth in earnings, sectorial preference, momentum and volatility factors
• Maximum exposure of 25% in a particular sector, Maximum 3 stocks from a sector and minimum 5 sectors at portfolio initiation.

Rebalancing Strategy

• When Potential upside is achieved.
• If Stock is excluded from Nifty Index.
• In case Nifty Bees is part of the portfolio it will be replaced when a new Stock opportunity with potential is identified.
• Stock Price corrects by more than tolerance levels

For Whom?

Investors with a moderate risk appetite and an investment horizon of minimum 3-5 years

Investment Universe, Process & Strategy

• Consist of 15-20 stocks; mostly large-cap.
• A combination of fundamental value and quantitative triggers creates a high-value portfolio with a focus to deliver superior risk-adjusted returns on an absolute, relative and consistent basis.
• Principle of "Growth in Value" style of investing & principle of linearity, i.e. investing in businesses, where the improvement in fundamentals is linear (gradual), allows valuation multiple expansion and earnings growth.

Rebalancing Strategy

• Strictly based on fundamentals.
• If portfolio stocks under perform to respective benchmark for two consecutive swings and exhibit higher volatility, that stock gets marked for Sell/Review.
• Corporate governance issue in the company.

For Whom?

Investors with moderate risk appetite and investment horizon of minimum 3-5 years.

Investment Universe, Process & Strategy

• Consist of 20-30 stocks.
• A combination of fundamental value and quantitative triggers creates a high-value portfolio with a focus to deliver superior risk-adjusted returns on an absolute, relative and consistent basis.
• Principle of "Growth in Value" style of investing & principle of linearity, i.e. investing in businesses, where the improvement in fundamentals is linear (gradual), which gives opportunity for valuation multiple expansion, along with earnings growth.

Rebalancing Strategy

• Strictly based on fundamentals.
• If portfolio stocks under perform to respective benchmark for two consecutive swings and exhibit higher volatility, that stock gets marked for Sell/Review.
• Corporate governance issue in the company.

For Whom?

Investors with high risk appetite and investment horizon of minimum 3-5 years.

Investment Universe, Process & Strategy

Stock selection procedure involving broad processes:

• Principle of “Growth in Value” style of investing _& principle of linearity I.e– investing in businesses, where the improvement in fundamentals is linear (gradual) which gives opportunity for valuation multiple expansion, along with earnings growth.

Rebalancing Strategy

• If portfolio stocks under perform for two consecutive swings and exhibits higher volatility, that stock gets marked for Sell/Review.
• Corporate governance issue in the company.

For Whom?

Investors with moderate risk appetite and investment horizon of minimum 3-5 years.

Investment Universe, Process & Strategy

Stock selection procedure involving 3 broad process:

• Universe: Pool of listed MNCs which are part of top 500 by market cap
• Quantitative analysis for identifying MNC companies with Growth in earnings and price momentum
• Proprietary Liquidity Screening to avoid stocks with low liquidity

Judicious mix of Multicap portfolio with mix of large, Mid & Small markets capitalization companies.

Rebalancing Strategy

• Quarterly rebalancing
• If the portfolio falls more than 20% from the peak
• If individual stock in portfolio fall more than 15% in intraday

For Whom?

Investors with moderate to high risk profile having investment horizon of minimum 3 years or more