we invests in a diversified portfolio of securities of companies which are engaged in

various businesses with a history of strong operating and financial performance. The typical investment

approach of our company will be to seek a combination of value and growth, the companies that exhibit

growth characteristics, are well managed, have a sound position in its industry and available at fair price

according to conservative accounting norms are the ideal investment opportunities for us.
The primary investment objective of the Scheme is to generate long term capital appreciation

from a portfolio that is invested predominantly in equity and equity related instruments (futures

and warrants).

An investment partner can expect above average returns with low risk.
The investment approach will be based on a set of well established but flexible principles that

emphasis the concept of sustainable economic earnings and cash return on investment as the

means of valuation of companie...
we invests in a diversified portfolio of securities of companies which are engaged in

various businesses with a history of strong operating and financial performance. The typical investment

approach of our company will be to seek a combination of value and growth, the companies that exhibit

growth characteristics, are well managed, have a sound position in its industry and available at fair price

according to conservative accounting norms are the ideal investment opportunities for us.
The primary investment objective of the Scheme is to generate long term capital appreciation

from a portfolio that is invested predominantly in equity and equity related instruments (futures

and warrants).

An investment partner can expect above average returns with low risk.
The investment approach will be based on a set of well established but flexible principles that

emphasis the concept of sustainable economic earnings and cash return on investment as the

means of valuation of companies.

Five basic principles serve as the foundation for this investment approach. They are as follows:

 Focus on the long term compounded return

There is substantive empirical evidence to suggest that equities provide the maximum

inflation adjusted returns over the long term. In an attempt to take full advantage of this

phenomenon, investments would be made with a long term perspective with an added

advantage of compounding your investments.

 Investments confer proportionate ownership

The approach to valuing a company is similar to making an investment in a business.

Therefore, there is a need to have a comprehensive understanding of how the business

operates. The key issues to focus on are growth opportunities, sustainable competitive

advantage, industry structure and margins and quality of the management.

 Maintain a margin of safety

The benchmark for determining relative attractiveness of stocks would be the intrinsic

value of the business. The Fund Manager would endeavor to purchase stocks that

represent a discount to this value, in an effort to preserve capital and generate superior

growth.

 Maintain a balanced outlook on the market

The investment portfolio would be regularly monitored to understand the impact of

changes in business and economic trend as well as investor sentiment. While short-term

market volatility would affect valuations of the portfolio, this is not expected to influence
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