30th September, 2024

Investment Approach

Investment Approach Investment Approach

Investment Approach – ‘Decennium Opportunity’
Objective
Focus is on return optimization by investing in multi-cap portfolio of companies with good corporate governance,
strong emerging business or companies entering into next business up-cycle.

Dual Focus Portfolio Strategy

Investing in companies which are likely to benefit from Industrial Revolution,
New Age Business, Favorable Policies & companies that are showing visible
sign of turnaround with higher growth in their next business up cycle.

Emerging Business – Ongoing Industrial Revolution

In current Industrial Revolution some sectors are going

for disruption and transformational changes and some
new age sectors are evolving. Almost 50% of investment
would be focusing towards this idea. Few examples of
emerging sectors are highlighted aside, however there
are more sectors which will be evolving and forming the
universe of stocks for this strategy.

Opportunities – Rapid Growth

• Indian economy has found its place among the key global
players in many of the sectors.
• India increasing its share and becoming a part of the global
supply chain and also a reliable partner.
• Government focus on building capabilities, scale and good
manufacturing practices.
• PLI, Export incentive and Atmanirbhar Bharat Initiative very
well supportive to strengthen India’s private players/
Entrepreneurs to scale up their business
• With overall economic growth both at macro and micro level
and favorable policy many sectors enters into their next
business up-cycle

Stock Selection Process

Active Management Strategy

V Valuation Check

I Impact of Events

E Earnings Visibility Changes

W Weightage Check of the

Holdings
 Investment Approach – ‘Decennium Opportunity’

Success Stories Risk & Reward

This portfolio has completed almost 3 years since its inception Decennium Opportunity portfolio is designed for the
from 12th November, 2021 & these are some of the success aggressive long term investors & those who believe in
stories which are contributing towards the performance of this India’s growth strategy and looking for aggressive returns
investment approach. through this investment approach and ready to take
higher calculated risk.

Avg Market Cap (cr)

Large Cap 208402
Midcap 51346
Small Cap 15574
Sr No Top 10 Holdings % Holdings Overall Portfolio 36902
1 Ethos Limited 8.5%
2 Bharat Electronics Ltd 7.9%
3 KEC International Limited 7.8%
4 Craftsman Automation Limited 7.6%
5 Caplin Point Laboratories Limited 6.8%
6 Venus Pipes and Tubes Limited 6.8%
7 Praj Industries Ltd 6.6%
8 Concord Biotech Limited 6.3%
9 Techno Electric & Engineering Company Limited 6.1%
10 Blue Star Ltd 5.0%

Note: Returns are net of all fees and expenses.

Disclaimer: Past Performance is not necessarily indicative of likely future performance. Performance mentioned above are not verified by SEBI. We have shown the performance as Aggregate
performance of all clients on TWRR basis.
Investment Approach – ‘Impress’

Objective
Focus on Return Optimization by investing in multi-cap portfolio of rising enterprises with sound corporate track
record and sustainable business model keeping balance between value and growth strategy.

Value Strategy Growth Strategy

Value investing is the art of buying Growth investing is a style of

stocks which trade at a significant investment strategy focused on capital
discount of their intrinsic value. Fund appreciation. Fund manager invests in
manager achieves this by researching companies which exhibit signs of
on companies with cheap valuation, growth above average even if share
typically low multiple of their profits or price appears expensive in terms of
assets for reasons not yet justified metrics such as price to earning or
over the longer term. price to book ratios.

Why Multi-cap Strategy?

• Identifying business with attractive valuation compared

to their growth is key factor for outperformance.
• Returns delivered from Mid & Small Cap do outperform
the Large Cap, however one should keep in mind the
risk associated with it as we see higher volatility in it.
Therefore we emphasis on stringent stock selection
strategy and create a diversified Multi-cap portfolio to
create alpha over the benchmark.

Investment Process Investing Strategy

Value
35%
Growth
65%

Active Management Strategy

Portfolio Manager follows “Re-VIEW” strategy to actively monitors
the stocks held in this investment approach. This helps to
optimize the portfolio performance and reduce the potential risks
in relation to over-valuation, negative events, earnings
downgrade & concentration risk.
 Investment Approach – ‘Impress’

Success Stories Risk & Reward

These are some stocks which have performed really well in either Impress portfolio is designed for the moderate to
short or long term to gradually increase the overall portfolio aggressive long term investors. Investors can choose
returns. We invested in these stocks because we analyzed on this approach as it includes quality mid and small cap
their growth story, outlook & management which looked very stocks which are ready to take a calculated higher risk
positive. for higher returns.

Avg Market Cap (cr)

Large Cap 202650
Midcap 34872
Small Cap 14806
Overall Portfolio 44660
Sr No Top 10 Holdings % Holdings
1 PG Electroplast Ltd. 9.9%
2 ITD Cementation India Ltd. 8.8%
3 Ratnamani Metals & Tubes Ltd. 7.0%
4 Bharat Electronics Ltd. 6.6%
5 Varun Beverages Ltd. 6.5%
6 KEC International Ltd. 6.4%
7 KEI Industries Ltd. 6.3%
8 Radico Khaitan Ltd. 5.7%
9 Glenmark Life Sciences Ltd. 5.4%
10 Titagarh Railsystems Ltd. 5.1%

Note: Returns are net of all fees and expenses.

Disclaimer: Past Performance is not necessarily indicative of likely future performance. Performance mentioned above are not verified by SEBI. We have shown the performance as Aggregate
performance of all clients on TWRR basis.
Investment Approach – ‘MNC’
Objective
Focus on consistency of return & risk moderation by investing in Multinational Companies listed in India. Investments
into these companies in India in which the foreign shareholding is over 50% &/or the management control is
bestowed in foreign company &/or the technological and managerial know-how brought in by foreign partner/investor.

Successful Business Model

• MNC’s benefit from the economies of scale by spreading R&D

expenditures and advertising costs over their global sales, pooling global
purchasing power over suppliers & utilizing their technological and
managerial know-how globally with minimal additional costs.
• MNC’s can use their global presence to take advantage of underpriced
labor services available in certain developing countries & gain access to
special R&D capabilities residing in advanced foreign countries

Strong Corporate Governance

A study done on Nifty MNC Index which constitute 15 stocks shows

favorable risk reward a portfolio of MNC company could deliver.
NIFTY MNC NIFTY 50
From 2003 to 2023
Index Index
Annualized Return 13.81% 13.02%
Average 3 Year Rolling Return
14.2% 12.8%
p.a.
Annual Volatility 19.9% 21.76%

Beta with NIFTY 50 0.8

Correlation with NIFTY 50 0.9

Healthy Balance Sheet

 NIFTY MNC Index has good correlation with NIFTY 50 Index. However
the Beta stands at 0.8
 Annualized returns of NIFTY MNC Index is higher compared to NIFTY 50
Index and Volatility is lower. This shows a favorable risk reward for
NIFTY MNC against NIFTY 50 Index
Note: The above study is done on Nifty MNC Index which constitute 15 stocks. The
actual portfolio in PMS could deviate compared to NIFTY MNC Index. The above
analysis is not an indicative of future performance.

Stock Selection Process

Out of 4500 listed Company, there are only 90 odd MNC Companies
which are owned by Foreign Promoter with more then 1000 cr Market Cap
which make the stock universe limited for further evaluation.
Investment Approach – ‘MNC’

Success Stories Risk & Reward

These are some stocks which have performed really well in MNC Portfolio is designed for the investors who are
either short or long term to gradually increase the overall ready to take slightly higher moderate risk to receive
portfolio returns. We invested in these stocks because we more than moderate returns for their investments.
analyzed on their growth story, outlook & management which
looked very positive.
*Note: GMM Pfaudler has been completely booked and exited.

Avg Mkt Cap (cr)

Large Cap 347337
Midcap 44040
Small Cap 17135
Sr No Top 10 Holdings % Holdings Overall Portfolio 122959

1 Siemens Ltd 9.0%

2 ITD Cementation India Limited 8.9%
3 Maruti Suzuki India Limited 7.8%
4 Suven Pharmaceuticals Limited 6.0%
5 CRISIL Ltd 5.5%
6 Schaeffler India Limited 5.5%
7 Whirlpool of India Limited 4.8%
8 3M India Ltd 4.7%
9 Nestle India Ltd 4.6%
10 Abbott India Ltd 4.5%

Note: Returns are net of all fees and expenses.

Disclaimer: Past Performance is not necessarily indicative of likely future performance. Performance mentioned above are not verified by SEBI. We have shown the performance as Aggregate
performance of all clients on TWRR basis.
 Fund Management Team
More than 18 years of rich experience in Investment advisory, Product Development and Portfolio
Management. Working with Anand Rathi since 2007 across Portfolio Management and Private Client Group
Equity Advisory.
Started Career with Kotak Securities Ltd in 2005 as an Investment Advisor subsequently got into
Mayur Shah developing Equity products and running the same. Qualified MBA (Finance) from Mumbai University and
Fund Manager Certified Financial Planner.

More than 18 years of rich experience in Investment Advisory, Portfolio Management and Research.
Worked in past with Standard Chartered Securities, Religare Securities, Enam Securities.
PGDBM from Mumbai.

Vinod Vaya Decennium

DVP Impress MNC
Opportunity
Minimum investment Rs. 50 lakhs Rs. 50 lakhs Rs. 50 lakhs

Portfolio Multi-cap Spread between 15 - 20 Multi-cap Spread between 15 - 20 15 - 20 Stocks, diversified across
Stocks diversified across sectors. Stocks diversified across sectors sectors

Themes offered Invest in companies which offers Multi-cap Portfolio - Balanced Diversified portfolio of Multinational
New Age Opportunities & Business between Value and Growth Companies listed in India with
Upcycle Strategy controlling stake with foreign holder

Risk Reward & tenure Medium to High Risk. Investment Medium to High Risk. Investment Moderate risk reward. Investment
tenure preferably 3 years+ tenure preferably 3 years+ tenure preferably 3 years+

Type of instruments Equity & Equity Related, Fixed Equity & Equity Related, Fixed Equity & Equity Related, Fixed
Income, Cash & Cash Equivalent Income, Cash & Cash Equivalent Income, Cash & Cash Equivalent

Benchmark BSE 500 TRI BSE 500 TRI BSE 500 TRI & Nifty MNC

Registration Details Specific Disclaimer

PMS registered under : Anand Rathi Advisors Ltd. All Investment are subject to Market Risk Please read the risk
PMS Registration Number : INP00000282 factors before investing in the same. Past Performance is not
Custodian : Orbis Financial Corporation Ltd. necessarily indicative of likely future performance

Fees & Charges Direct On-Boarding

AMC fees : 2.5% p.a (Charged Pro-rata at end of each quarter) To invest directly into our PMS, please:
Brokerage : 0.25% on Equity delivery transaction Mail: [email protected]
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BOARD LINES : +91 22 6281 7000

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