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Investment Objective
The PMS Strategy will invest in a high conviction concentrated portfolio of minimum 20 stocks. The portfolio will be constructed
based on in-depth research leading to bottom-up stock picking with a view of Wealth Creation from 3 – 4 years perspective
Key Features
1. BOP is a multi-cap strategy with a balanced mix of ~60% Large Cap allocation, ~27% Mid Cap allocation and ~12% Small
Cap allocation
2. Newly ideated portfolio in 2018 amidst difficult market cycle, yet the portfolio has delivered alpha over Nifty 500 across
all time periods since inception. It has delivered a ~17% alpha in the 1 year period
3. Central themes of the strategy are Consumer Discretionary, Private Banks & Insurance, Agriculture, Affordable Housing
and GST Beneficiaries
4. Concentrated portfolio of 23 stocks with high earnings growth
Portfolio Attributes
1. Index agnostic: ~79% away from benchmark Nifty 500
2. For Q1FY20, BOP Portfolio delivered earnings growth of 14.4% vis-a-vis an earnings growth of 3% for the Nifty 500
3. Despite having ~40% exposure to mid and small cap stocks, the portfolio has not seen large drawdowns in the last 12-15
months. Given that the themes are in line with the current government’s vision, the portfolio seems well poised to deliver
superior returns from 3-4 years perspective
FMCG 19.3
Scrip Names % Holdings
Retail 14.7
Hindustan Unilever 9.5
Banks 13.6
Bata India 8.6 Insurance 11.7
ICICI Lombard General Insurance Company 7.0 Agriculture 7.0