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The Fund has been set up with the objective to achieve long term capital appreciation by investing in permissible securities/instruments in accordance with the Fund Documents and the IFSCA FM Regulations.
Our investment philosophy is guided by a simple principle: own strong businesses at reasonable valuations. Owning strong businesses in their respective domains reduces the risk of permanent capital loss and paying reasonable valuations mitigates the risk of poor long-term returns. Further, as the time horizon increases, the risk in equities reduces. We aim to follow a low churn strategy that also lowers costs.
The portfolio is well diversified across sectors and key economic variables. The Fund is overweight Banks, Pharmaceuticals, Insurance, Technology Hardware & Equipment and Consumer Services and is underweight Energy, Materials, Capital Goods, and Financial Services. Exposure to Automobiles and Software & Services is close to market weights.
The Fund is also registered as a Category I Foreign Portfolio Investment (FPI) bearing registration number INIGFP036325 under the FPI Regulations.
