pms june'2020

30%Compounded

Annual Returns (CAGR)

1002%Since Inception in 2012

Consistently outperformed Nifty 500 by an average of

17% CAGR over the last 9 years

CY 2019CY 2018

11.87.7

-18.1-3.4

30

13.8

CY 2020 (Dec)

42.2

16.7

Apollo Tricoat,

Granules India

Vaibhav Global, SBI

Life Insurance

Bajaj Finserv, HDFC

Bank , Kotak Bank

Indraprastha Gas,

Gujarat Gas, Deepak

Nitrate,

Vaibhav Global,

Dhanuka Agritech-

Buyback

SATCO GROWTH & MOMENTUM

FUND STRATERGY

PMS Quarter Performance vis-a-vis Benchmark

Calendar Year Q1 Q2 Q3 Q4

2020PMS% -22.3% 24.9% 20.9% 21.3%

Benchmark % -29.1% 21.1% 10.2% 23.3%

2019PMS% 4.4% -0.4% -2.5% 10.2%

Benchmark % 5.4% -0.1% -3.3% 5.7%

2018PMS% -9.9% -0.1% -7.4% -1.6%

Benchmark % -6.1% 2.8% -0.5% 0.6%

2017PMS% 17.9% 8.8% 11.9% 9.8%

Benchmark % 14.5% 4.2% 3.2% 10.4%

2016PMS% -9.2% 16.9% 12.6% -2.4%

Benchmark % -4.1% 8.2% 5.9% -5.6%

2015PMS% 8.4% 1.2% 4.2% 10.3%

Benchmark % 3.0% -1.2% -3.6% 1.2%

2014PMS% 7.4% 34.1% 26.2% 13.7%

Benchmark % 6.3% 18.2% 3.9% 5.6%

2013PMS% -6.6% 3.5% 0.7% 34.2%

Benchmark % -6.4% 1.6% -2.6% 11.9%

2012PMS% 16.5% -1.1% 9.3% 7.3%

Benchmark % 17.3% -1.2% 8.0% 5.3%

TOP 5STOCKS FROM OURPORTFOLIO

Scheme: Security Wt %

VAIBHAV GLOBAL LTD 7.3%

HOUSING DEVELOPMENT FINANCE CO 5.3%

GUJARAT GAS LIMITED 5.2%

ICICI BANK LTD. 5.1%

DEEPAK NITRITE LTD. 5.0%

Companies GenreWhen

Purchased

Avg

Purchase

Price

Avg

Selling

Price

Returns

APL APOLLO TUBES Climbing the Value Curve Jun-15 412 1979 380%

GRANULES INDIA Climbing the Value Curve Jan-14 22 105 375%

PI INDUSTRIES Consistent Excellence Jan-12 93 400 330%

ALEMBIC PHARMA Corporate Action May-12 52 290 458%

SYMPHONY Large Market Low Penetration Feb-14 480 1950 306%

BAJAJ FINANCE Consistent Excellence May-12 861 4000 365%

HCL TECHNOLOGIES Consistent Excellence Jan-12 495 1550 213%

INDO COUNT INDUSTRIES Climbing the Value Curve Dec-14 276 1099 298%

VAIBHAV GLOBAL Large Market Low Penetration Nov-12 112 650 480%

YES BANK Consistent Excellence May-12 326 1180 262%

UPL Consistent Excellence Jul-13 98 453 362%

OUR PASTWINNERS

(Dec 2020) ₹8906

618%

Alt is one of the first domestic

com

(Oct 2019) ₹298

₹177 (May 2019)

panies to use the Galvant process corrosive protection & longer life.

providing a better product &

earns

one of the largest domestic ERW

pipe tion to promote volume

growth.

manufacture steel pipes; better

anti

The company has positioned itself as higher margins than itspeer.

Strong parentage-APL ApolloTubes; manufacturingcompanies.

Strong focus on branding &

distribu

- Indraprastha Gas Ltd. (Present)

Indraprastha Gas Ltd. performance

326%

(28 Dec 2020) ₹451

Accord Fintech, NSE

68%

(Dec 2020) ₹502

341%

- IOL Chemicals &

Pharmaceuticals

Apollo Tricoat performance

Value Addition

(Dec 2020) ₹858

385%

Accord Fintech, NSE

₹177 (May 2019)

Alt is one of the first domestic companies to use the Galvant process manufacture steel pipes; better anti corrosive protection & longer life.

The company has positioned itself as providing a better product & earns higher margins than its peer.

Strong parentage-APL Apollo Tubes; one of the largest domestic ERW pipe manufacturing companies.

Strong focus on branding & distribution to promote volume growth.

-Sunteck Realty- ApolloTricoat (Present)

(Oct 2019) ₹8134

556%

Accord Fintech, NSE

₹233 (Mar 2020)

(Dec 2020) ₹741

218%

Accord Fintech, NSE

- IOL Chemicals &

Pharmaceuticals

IOL Chemicals & Pharmaceuticals performance

IOL CP is the largest manufacturer globally of Ibuprofen API (>30%

market share). The company is also among the lowest

cost producers, and most capital efficient among peers.

The company is fully backward integrated for key supply material

IBB; this ensures better control over gross margins and sourcing.

Consistent Excellence and Value AdditionIOL Chemicals & Pharmaceuticals performance

-United Phosphorus

68%

- Deepak Nitrite

Deepak Nitrite performance

(Sep 2020) ₹387

239%

Vaibhav Global performance

ValueAddition

(Sep 2020) ₹595

236%

Accord Fintech, NSE

₹177 (May 2019)

Alt is one of the first domestic companies to use the Galvant process manufacture steel pipes; better anti corrosive protection & longer life.

The company has positioned itself as providing a better product & earns higher margins than its peer.

Strong parentage-APL Apollo Tubes; one of the largest domestic ERW pipe manufacturing companies.

Strong focus on branding & distribution to promote volume growth.

-Sunteck Realty- Vaibhav Global (Present)

Consistent Excellence and Value AdditionConsistent Excellence and Value Addition

(Dec 2020) ₹942

276%

Accord Fintech, NSE

₹250 (Apr 2019)

Deepak Nitrite is a leading bulk and speciality chemical manufacturer in India.

Growth in the business has been led by a change in in focus of the management to move from commodity chemicals to high value speciality chemicals.

Recently commissioned a new phenol & pharma grade acetone manufacturing unit and now focusing on downstream products like IPA, which is a pharma intermediate and also used in sanitizers.

The management is focused on import substitution and high value downstream products for its long term strategy.

Large market-low penetration

(Dec 2020) ₹2447

247%

Accord Fintech, NSE

₹706 (Dec 2019)

VGL is competitively placed in a large and growing sub $25 artificial jewellery market in the US & UK.

It is completely integrated from globally sourcing gems to selling under its own brand name in US & UK on its shopping channel on TV and streaming over the web.

Ventured onto e commerce marketplaces like Amazon.

Significant benefits of scale and operating leverage.

Ventured into new lifestyle products, sold through the existing platform to increase their wallet share of the customers.

50