Investment Philosophy

We follow Good to Great framework with focus on the flywheel effect i.e identification of an inflection point and sectors which are transitioning from Build up phase to Surging Growth phase

Build Up Phase: In this phase, the sector is either in a revival mode or transitions from a start up stage towards the initial growth phase

Growth Inflection Point: Sectoral inflection point could occur due to national government policies or due to favorable global scenarios (tailwinds). This is where key elements in the sector start to perform in combination

Surging Growth Phase: The final stage where the sector witnesses a high growth phase once the inflection point is achieved

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Investment Approach

Focus on 3 key pillars of the Indian Economy

Domestic Capex

Manufacturers investing in factory equipment and R&D to build production capacity

Domestic Consumption

Industries with rising demand trajectory due to domestic consumption and premiumization narrative

Exports Oriented

Focus on companies benefiting from India's integration into the global supply chain.

Investment Strategy

Market Cap Agnostic

Follows GARP (Growth at a Reasonable Price)

Sub-Sectors under Manufacturing

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PMS INVESTMENT TEAM

UMESH
GUPTA

Head, PMS & Portfolio Manager

ASHUTOSH
GARUD

Director, Co-Fund Manager

ZAKSH
MANEKSHANA

Research Analyst

RACHANA
MAKHIJA

Senior Manager, Business Development & Products

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