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MonthlyCommuniqué
Portfolio Management ServicesRegn No. PMS INP 000000670
MOStPortfolios
Make the MOSt of our expertise
Asset Management
April 2013Dear Investor,
Indian equities continued to ride on weakness for the second month running with political uncertainty taking centre-stage
in March. While the Nifty came off marginally by 0.2%, the broader market was much weaker with the CNX Midcap index
falling nearly 2%. The Budget successfully managed to keep fiscal fears at bay and the RBI gave another 25bps monetary
boost to the economy. However withdrawal of support by a key government ally made the markets jittery as the
government was pushed to a thin majority. Political stability was further jeopardized with reports suggesting another ally
may follow suit raising talks of an early election. Few private sector banking stocks were hard done during the month by a
sting operation alleging the banks of money laundering. On the global front, the Cyprus crisis and subsequent bailout arrangement renewed Euro-zone
concerns. FII flows slowed down in March, ending the month at a 4 month low of $2bn. This took the first quarter CY13 FII inflows to end at $10.3bn.
Domestic Institutions persisted to be net sellers, with $1.5bn of outflows during the month. YTD, their outflows now total $6.3bn.
Macro Corner
• Growth: Jan IIP came above market consensus (of 1.3%) at 2.4% after 2 months of contraction. While manufacturing and electricity numbers were
in the green, mining at -2.9% reflected a slowdown due to environmental/forest clearance issues. Meanwhile, the Mar PMI reading at 52 was
marginally lower than the 54.2 Feb print.
• Inflation: After a brief slowdown in Jan, WPI for Feb rose to 6.8% vs. consensus estimate of 6.6%. The hikes taken in diesel prices drove up the fuel
inflation index significantly, pushing up the overall inflation index for the month. On a brighter note, RBI's proxy to core inflation – manufacturing
non-food inflation fell to 3.8% - below the 4% comfort zone of RBI. Meanwhile, the Consumer Price Index (CPI) print for Feb was slightly higher at
10.9% vs. 10.8% in the previous month. The core CPI increased from 8.2% in Jan to 8.4% in Feb.
• Policy: The RBI, in its Mid-Quarter Policy Review held on 19th March, reduced the repo rate by 25pts to 7.5% and left the CRR rate unchanged at
4%. While this was in line with market expectation, the RBI's warning of limited room for further monetary easing made markets cautious heading
into the next policy meeting in May.
Fund Performance
There was cause for celebration in March, with our flagship large cap “Value Strategy” completing 10 years of existence while our midcap NTDOP fund
recently achieving a 5-year track record. During this period, the Value Strategy has delivered a CAGR return of 26.0% v/s the Nifty return of 18.8%. Our
NTDOP fund clocked a 5-year CAGR of 10.3% v/s the CNX Midcap Index return of -0.7%.
For the month, the Value Strategy declined 1.4 %, underperforming its benchmark Nifty by 1.2 % led largely by a significant hit on some of its midcap
positions. Fund performance was also affected by its exposure in the auto and oil and gas segments while select financials and healthcare outperformed.
The Value Strategy ended the year with a marginally positive return of 0.5% but lagged the benchmark by 6.8 %. Notwithstanding the
underperformance of some of our more recent inductions in the strategy, we remain convinced about their long-term competitive advantage in their
respective businesses. If one has a look at the fundamental quality of Value Strategy versus its benchmark Nifty, we will see that Value Strategy is
fundamentally sound.
As per Third Quarter results Value strategy companies:
• Sales have grown by an average 13% v/s 11 % of Nifty.
• Profits have grown by an average 11% v/s 5% of Nifty.
• EBIDTA Margins are 29% v/s 18% of Nifty.
Our flagship midcap fund NTDOP, turned in a stellar performance for the third year in a row, delivering an absolute return of 15 % for FY13 and
outperforming its benchmark CNX Midcap Index by over 19 %. In its 5th year since inception the fund has delivered a CAGR return of 8.71 % vs
negative 3% on the benchmark. Superior stock selection and a 'buy and hold' strategy has been the key to its consistent performance.
Our other principal strategies such as Bulls Eye and the Focus series had a strong showing for the fiscal as a whole, outperforming their respective
benchmarks by ~5% while Invest India underperformed by ~4 %.
Outlook
Market attention in the coming months, will likely shift to the March quarter earnings release to gauge overall economic activity levels and re-assess
earnings potential for India Inc. in FY14. It will also have to contend with political activity around end-April when Parliament reconvenes for passage of
the Budget and the Finance Bill. Even as sentiments continue to rule weak, we take note of gradual improvement in key economic parameters such as
better than expected Jan '13 IIP and the recovery of exports in Feb '13, signs that industrial growth may be bottoming out even though the pace of
recovery may be slow. Also, range-bound oil prices, gradually reducing fuel subsidies and weak commodity prices could all serve as important
ingredients to controlling fiscal deficit, reducing inflation and stabilizing the currency in the coming months.
MOAMC do not take the responsibility for the authenticity of the above data/news/information. It is merely replication of the data /news/information already available in public.
Regards,Aashish P SomaiyaaChief Executive Officer
Value Strategy
Portfolio Management ServicesRegn No. PMS INP 000000670
• Value based stock selection
• Investment Approach: Buy & Hold
• Investments with Long term perspective
• Maximize post tax return due to Low Churn
• Capital preservation consciousness
Investment Strategy
The Strategy aims to deliver superior
wealth creation by way of long term
compounding effect, with investments
in good businesses run by great
business managers.
Strategy Objective
Fund Manager : Manish Sonthalia
Strategy Type : Open ended
Date of Inception : 24th March 2003
Benchmark : S&P CNX Nifty Index
Investment Horizon: 3 Years +
Subscription : Daily
Redemption : Daily
Valuation Point : Daily
Details
Top Sectors
Banking & Finance
Auto & Auto Ancillaries
Infotech
Pharmaceuticals
FMCG
Oil and Gas
Engineering & Electricals
Cash
30.92
21.64
12.32
11.31
10.04
8.24
5.36
0.17
Sector Allocation % Allocation*
Top Holdings
HDFC Bank Ltd.
Bosch Ltd.
Nestle India Ltd.
State Bank Of India
Housing Development Finance Corporation Ltd.
Infosys Technologies Ltd.
GlaxoSmithkline Pharmaceuticals Ltd.
Eicher Motors Ltd.
Larsen & Toubro Ltd.
Top Holdings % Allocation*
12.85
11.61
10.04
9.05
9.02
8.82
6.81
5.58
5.36
Key Portfolio Analysis
Standard Deviation (%)
Beta
31.48
1.00
Performance Data NiftyValue Strategy
28.16
0.81
*Above 5% & Cash
The Above strategy returns are of a Model Client. Returns of individual clients may differ depending on factors such as time of entry/exit/ additional inflows in the strategy. The Above returns are calculated on NAV basis and are based on the closing market prices as on 31st March 2013. Past performance may or may not be sustained in future. Returns above 1 year are annualized. Please refer to the disclosure document for further information.
*Above 5%
Value Strategy Nifty
Period
All Figures in %
% o
f re
turn
s
MOStPortfolios
Make the MOSt of our expertise
Asset Management
0.521.83
5.14
19.82
8.20
25.92
7.31
-1.30
2.68
17.10
3.72
18.78
-5
0
5
10
15
20
25
30
1 Year 2 Year 3 Year 4 Year 5 Year Since Inception
Next Trillion Dollar Opportunity Strategy
Portfolio Management ServicesRegn No. PMS INP 000000670
MOStPortfolios
Make the MOSt of our expertise
Asset Management
The Strategy aims to deliver superior
returns by investing in focused themes
which are part of the next Trillion Dollar
GDP growth opportunity.
• Stocks with High Growth Story
• Stocks with Reasonable Valuation
• Concentration on Emerging Themes
• Buy & Hold Strategy
Fund Manager : Manish Sonthalia
Strategy Type : Open ended
Date of Inception : 11th Dec. 2007
Benchmark : CNX MIDCAP Index
Investment Horizon: 3 Years +
Subscription : Daily
Redemption : Daily
Valuation Point : Daily
Strategy Objective
Investment Strategy
Details
FMCG
Banking & Finance
Auto & Auto Ancillaries
Engineering & Electricals
Diversified
Plantation Tea & Coffee
Chemicals
Cash
25.66
22.86
16.30
8.32
7.58
6.15
5.71
0.01
Sector Allocation
Page Industries Ltd.GlaxoSmithkline Consumer Healthcare Ltd.Bosch Ltd.Eicher Motors Ltd.J&k BankCummins India Ltd.Mcleod Russel India Ltd.Pidilite Industries LimitedBajaj Finance Ltd.Ing Vysya Bank LimitedCity Union Bank Ltd.
13.228.838.657.657.196.376.155.715.425.165.09
Key Portfolio Analysis
Standard Deviation (%)
Beta
33.77
1.00
Performance Data CNX MIDCAPNTDOP
23.95
0.58
Top Sectors
Sector Allocation % Allocation*
Top Holdings
Top Holdings % Allocation*
The Above strategy returns are of a Model Client. Returns of individual clients may differ depending on factors such as time of entry/exit/ additional inflows in the strategy. The Above returns are calculated on NAV basis and are based on the closing market prices as on 31st March 2013. Past performance may or may not be sustained in future. Returns above 1 year are annualized. Please refer to the disclosure document for further information.
*Above 5% & Cash
*Above 5%
Period
Next Trillion Dollar Opportunity Strategy CNX MIDCAP All Figures in %
% o
f re
turn
s
14.9513.52 12.57
14.94
8.71
-4.02 -4.05
-1.33
3.47
-2.94-5.00
0.00
5.00
10.00
15.00
20.00
1 Year 2 Year 3 Years 5 Years Since Inception
Invest India Strategy
Portfolio Management ServicesRegn No. PMS INP 000000670
MOStPortfolios
Make the MOSt of our expertise
Asset Management
The Strategy aims to generate long termcapital appreciation by creating a focused portfolio of high growth stocks having the potential to grow more than the nominal GDP for next 5-7 years across market capitalization and which are available atreasonable market prices.
• Buy Growth Stocks across Market capitalization which have the potential to grow at 1.5 times the nominal GDP for next 5-7 years.
• BUY & HOLD strategy, leading to low to medium churn thereby enhancing post-tax returns
Fund Manager : Kunal Jadhwani
Strategy Type : Open ended
Date of Inception : 11th Feb. 2010
Benchmark : BSE 200
Investment Horizon: 3 Years +
Subscription : Daily
Redemption : Daily
Valuation Point : Daily
Strategy Objective
Investment Strategy
Details
Banking & Finance
FMCG
Textiles
Auto & Auto Ancillaries
Chemicals
Retail
Cash
26.95
21.24
11.85
10.64
9.61
5.84
5.19
Sector Allocation
Key Portfolio Analysis
Standard Deviation (%)
Beta
20.72
1.00
Performance Data BSE 200IIS
17.97
0.75
Top Sectors
Sector Allocation % Allocation*
The Above strategy returns are of a Model Client. Returns of individual clients may differ depending on factors such as time of entry/exit/ additional inflows in the strategy. The Above returns are calculated on NAV basis and are based on the closing market prices as on 31st March 2013. Past performance may or may not be sustained in future. Returns above 1 year are annualized. Please refer to the disclosure document for further information.
*Above 5% & Cash
HDFC Bank Ltd.
Page Industries Ltd.
Pidilite Industries Limited
ITC Ltd.
Maruti Suzuki India Ltd.
Bata India Ltd.
IndusInd Bank Ltd.
Titan Industries Limited
12.71
11.85
9.61
6.76
6.30
5.84
5.12
5.00
Top Holdings
Top Holdings % Allocation*
*Above 5%
Invest India Strategy BSE 200 All Figures in %
Period
% o
f re
turn
s
-1.76
-5.83
1.90 1.61
4.01
5.62
-0.87 -0.85
6.03
-1.92
1.32
3.60
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
1 Month 6 Months 1 Year 2 Year 3 Year Since Inception
Focused Series IV - Flexi Cap Strategy
Portfolio Management ServicesRegn No. PMS INP 000000670
MOStPortfolios
Make the MOSt of our expertise
Asset Management
The Strategy will aim to generate superiorreturns over a medium to long term byinvesting in only 8-10 companies acrossmarket capitalization.
• Fundamental Stock Select ion Approach
• Active Equity Allocation between Mid caps & Large caps
• Active Asset Allocation calls between Cash and Equity
• Strategy will follow a policy of profit booking with predefined price targets
• When the Client’s AUM appreciates by 15%, the appreciation amount will be automatically paid-out.
Portfolio Manager : Kunal Jadhwani
Date of Inception : 07th Dec. 2009
Benchmark : BSE 200
Investment Horizon: 12 – 18 Months
Subscription : No
Redemption : Daily
Valuation Point : Daily
Strategy Objective
Investment Strategy
Details
Banking & Finance
Auto & Auto Ancillaries
FMCG
Chemicals
Infotech
Pharmaceuticals
Textiles
Engineering & Electricals
Cash
25.50
21.09
14.25
9.89
9.22
7.33
6.69
6.01
0.01
Sector Allocation
Bosch Ltd.HDFC Bank Ltd.Kotak BankPidilite Industries LimitedTech Mahindra LimitedBajaj Corp Ltd.Ipca Lab Ltd.Page Industries Ltd.Cummins India Ltd.ITC Ltd.Tata Motor Dvr
16.0413.2612.24
9.899.228.937.336.696.015.325.05
Key Portfolio Analysis
Standard Deviation (%)
Beta
21.27
1.00
Performance Data BSE 200Focused Series - IV
18.96
0.71
Top Sectors
Sector Allocation % Allocation*
Top Holdings
Top Holdings % Allocation*
The Above strategy returns are of a Model Client. Returns of individual clients may differ depending on factors such as time of entry/exit/ additional inflows in the strategy. The Above returns are calculated on NAV basis and are based on the closing market prices as on 31st March 2013. Past performance may or may not be sustained in future. Returns above 1 year are annualized. Please refer to the disclosure document for further information.
*Above 5% & Cash
*Above 5%
Focused Series IV BSE 200 All Figures in %
Period
% o
f re
turn
s
1.46
4.99
11.48
2.00 1.82 1.89
-0.87 -0.85
6.03
-1.92
1.32 1.94
-4.00-2.000.002.004.006.008.00
10.0012.0014.00
1 Month 6 Month 1 Years 2Years 3 Years Since Inception
Focused Series V - A Contra Strategy
Portfolio Management ServicesRegn No. PMS INP 000000670
MOStPortfolios
Make the MOSt of our expertise
Asset Management
The strategy aims to invest in fundamentally sound companies that can benefit from changes in a company’s valuation which reflects a significant change in the markets view of the company over a horizon of three years. The Strategy focuses on investing in stocks that can benefit from growth in earnings, re-rating of business or higher valuation of assets. Objective is to increase return rather than reduce risk for Investors.
• Bottom-up stock selection approach
• Buy and hold philosophy – low portfolio churn
• For Investors who seek for high returns with high risk
Fund Manager : Manish Sonthalia
Date of Inception : 27th Sept. 2010
Benchmark : BSE 200
Investment Horizon: 2 to 3 Years
Subscription : Daily
Redemption : Daily
Valuation Point : Daily
Strategy Objective
Investment Strategy
Details
Banking & Finance
Chemicals
Oil and Gas
Auto & Auto Ancillaries
Textiles
Engineering & Electricals
Cash
30.00
17.37
16.86
9.95
9.23
6.66
0.01
Sector Allocation
J&k Bank
Godrej Indus
Ing Vysya Bank Limited
Petronet LNG Limited
Eicher Motors Ltd.
Vardhman Textiles Limited
Triveni Turbine Limited
Reliance Industries Ltd.
16.60
14.42
13.40
10.58
9.95
9.23
6.66
6.29
Key Portfolio Analysis
Standard Deviation (%)
Beta
21.21
1.00
Performance Data BSE 200Focused Series - V
26.66
1.01
Top Sectors
Sector Allocation % Allocation*
Top Holdings
Top Holdings % Allocation*
The Above strategy returns are of a Model Client. Returns of individual clients may differ depending on factors such as time of entry/exit/ additional inflows in the strategy. The Above returns are calculated on NAV basis and are based on the closing market prices as on 31st March 2013. Past performance may or may not be sustained in future. Returns above 1 year are annualized. Please refer to the disclosure document for further information.
*Above 5% & Cash
*Above 5%
Focused Series V BSE 200 All Figures in %
Period
% o
f re
turn
s
-1.10
6.67
11.20
1.97
-4.48
-0.87 -0.85
6.03
-1.92-4.11-6.00
-4.00-2.000.002.004.006.008.00
10.0012.00
1 Month 6 Months 1 Year 2 Year Since Inception
Bulls Eye Strategy
Portfolio Management ServicesRegn No. PMS INP 000000670
MOStPortfolios
Make the MOSt of our expertise
Asset Management
The Strategy aims to deliver returns inthe short to medium term by investingin fundamentally sound stocks coupledwith active profit booking.
Portfolio Manager : Kunal Jadhwani
Strategy Type : Open ended
Date of Inception : 15th Dec. 2003
Benchmark : BSE 200
Investment Horizon: 12 Months +
Subscription : Daily
Redemption : Daily
Valuation Point : Daily
Strategy Objective
• Active management
• Multi Cap Stategy
• Market Timing
• Regular Profit Booking
Investment Strategy
Details
Banking & FinanceAuto & Auto AncillariesPharmaceuticalsEngineering & ElectricalsInfotechEducationFMCGCash
26.7920.7812.00
9.357.715.775.614.39
Sector Allocation % Allocation
HDFC Bank Ltd.
Eicher Motors Ltd.
Bajaj Finserv Ltd.
Tata Motor Dvr
Ipca Lab Ltd.
Axis Bank Ltd.
Maruti Suzuki India Ltd.
Cummins India Ltd.
ITC Ltd.
Wockhardt Lt
9.73
7.97
6.92
6.71
6.49
6.19
6.10
5.85
5.61
5.51
Key Portfolio Analysis
Standard Deviation (%)
Beta
32.23
1.00
Performance Data BSE 200Bulls Eye
28.76
0.75
Top Sectors
Sector Allocation
Top Holdings
Top Holdings % Allocation*
The Above strategy returns are of a Model Client. Returns of individual clients may differ depending on factors such as time of entry/exit/ additional inflows in the strategy. The Above returns are calculated on NAV basis and are based on the closing market prices as on 31st March 2013. Past performance may or may not be sustained in future. Returns above 1 year are annualized. Please refer to the disclosure document for further information.
*Above 5% & Cash
*Above 5%
Bulls Eye Strategy BSE 200
Period
All Figures in %
% o
f re
turn
s
-3.37 -2.60
9.84
2.95
9.62
12.27
-0.87 -0.85
6.03
1.32
3.43
13.78
-6.00-4.00-2.000.002.004.006.008.00
10.0012.0014.0016.00
1 Month 6 Months 1 Year 3 Years 5 Years Since Inception
Optima Strategy
Portfolio Management ServicesRegn No. PMS INP 000000670
The Strategy aims to deliver superior
returns over a long period by investing in
companies with growth potential & which
are available at reasonable market price.
• Growth At Reasonable Price (GARP)
• Investment Horizon of 2 years +
• Active Portfolio Rebalancing
• Market Timing
• Situation based Flexi Cap approach
Portfolio Manager :
Strategy Type : Open ended
Date of Inception : 30th Dec 2008
Benchmark : BSE 200
Investment Horizon: 2 Years +
Subscription : Daily
Redemption : Daily
Valuation Point : Daily
Kunal Jadhwani
Strategy Objective
Investment Strategy
Details
Banking & FinanceAuto & Auto AncillariesPharmaceuticalsEngineering & ElectricalsInfotechEducationFMCGCash
27.9318.7611.15
9.378.195.725.705.29
Sector Allocation
HDFC Bank Ltd.
Eicher Motors Ltd.
Bajaj Finserv Ltd.
Axis Bank Ltd.
Cummins India Ltd.
Tata Motor Dvr
ITC Ltd.
Ipca Lab Ltd.
Wockhardt Lt
Maruti Suzuki India Ltd.
9.64
7.48
7.38
7.07
5.83
5.77
5.70
5.62
5.53
5.51
Key Portfolio Analysis
Standard Deviation (%)
Beta
27.30
1.00
Performance Data BSE 200Optima
19.80
0.60
Top Sectors
Sector Allocation % Allocation*
Top Holdings
Top Holdings % Allocation*
*Above 5% & Cash
*Above 5%
The Above strategy returns are of a Model Client. Returns of individual clients may differ depending on factors such as time of entry/exit/ additional inflows in the strategy. The Above returns are calculated on NAV basis and are based on the closing market prices as on 31st March 2013. Past performance may or may not be sustained in future. Returns above 1 year are annualized. Please refer to the disclosure document for further information.
Optima Strategy BSE 200 All Figures in %
Period
% o
f re
turn
s
MOStPortfolios
Make the MOSt of our expertise
Asset Management
-2.46 -1.74
6.46
0.66
5.49
20.93
-0.87 -0.85
6.03
-1.92
1.32
17.86
-5.00
0.00
5.00
10.00
15.00
20.00
25.00
1 Month 6 Months 1 Year 2 Year 3 Year Since Inception
Disclaimer : Investments in Securities are subject to market and other risks and there is no assurance or guarantee that the objectives of any of the strategies of the Portfolio Management
Services (PMS) will be achieved. Investors in the PMS Product are not being offered any guaranteed/assured returns. Past performance of the portfolio manager does not indicate the future
performance for any of the strategies. The names of the portfolios do not in any manner indicate their prospects or return. The investments may not be suited to all categories of investors.
Neither Motilal Oswal Asset Management Company Ltd. (MOAMC), nor any person connected with it, accepts any liability arising from the use of this material. The recipient of this
material should rely on their investigations and take their own professional advice. Neither MOAMC, nor any person connected with it, accepts any liability arising from the use of this
material. The recipient of this material should rely on their investigations and take their own professional advice. Opinions, if any, expressed are our opinions as of the date of appearing on
this material only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from
doing so. The portfolio manager is not responsible for any loss or shortfall resulting from the operation of the strategy. Recipient shall understand that the aforementioned
statements/presentation cannot disclose all the risks and characteristics. The recipient is requested to take into consideration all the risk factors including their financial condition, suitability
to risk return profile, and the like and take professional advice before investing. As with any investment in securities, the Value of the portfolio under management may go up or down
depending on the various factors and forces affecting the capital market. Disclosure Document shall be obtained and read carefully before executing the PMS agreement and any time
thereafter. Prospective investors and others are cautioned that any forward - looking statements are not predictions and may be subject to change without notice. For tax consequences,
each investor is advised to consult his / her own professional tax advisor. This document is not for public distribution and has been furnished solely for information and must not be
reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. No part of this material may be
duplicated in any form and/or redistributed without MOAMC’s prior written consent. Distribution Restrictions - This material should not be circulated in countries where restrictions exist
on soliciting business from potential clients residing in such countries. Recipients of this material should inform themselves about and observe any such restrictions. Recipients shall be solely
liable for any liability incurred by them in this regard and will indemnify MOAMC for any liability it may incur in this respect. The PMS business has been transferred from MOSL to MOAMC
and the certificate of registration has been endorsed by SEBI to MOAMC w.e.f. October 21, 2010’Registered Office: Portfolio Management Services Department Motilal Oswal Asset Management Company Limited Palm Spring Centre, 2nd Floor, Link Road, Malad (West), Mumbai -
400 064 SEBI Certificate of Registration as Portfolio Manager INP 000000670
Celebrating
y ears of 5 Opportunity Focus on
Particular
NTDOP
2 Years
13.52%
4 Years
33.42%
Since Inceptionth11 December, 2007
8.71%
CNX Midcap Index -4.05% 21.39% -2.94%
Portfolio Management ServicesRegn No. PMS INP 000000670
CD
L00046_4
0112_0
10
Since Inceptionth24 March, 2003Particular
Value Strategy
3 Years
5.14%
5 Years
8.20% 25.92%
NIFTY 2.68% 3.72% 18.78%
The above strategy returns are of a Model Client as on 31st March, 2013 Returns of individual clients may differ depending on factors such as time of entry/exit/ additional inflows in the strategy. The stocks forming part of the existing portfolio under Value Strategy may or may not be bought for new client. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Name of the PMS Strategy does not in any manner indicates its future prospects and returns. Above Returns are annualized
Celebrating 10 years ofFocus and Discipline
Discovering an original investment idea involves deep and meticulous analysis to discover the hidden true values. With Value Strategy, we have been focusing on finding the true value through study of underlying long-term growth potential of companies for last 10 years. The strategy looks to make long term investments with a “Buy and Hold” approach in around 15 companies that are marked by Q-G-L signifying Quality, Growth and Longevity.
The above strategy returns are of a Model Client as on 31st March, 2013 Returns of individual clients may differ depending on factors such as time of entry/exit/ additional inflows in the strategy. The stocks forming part of the existing portfolio under NTDOP Strategy may or may not be bought for new client. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Name of the PMS Strategy does not in any manner indicates its future prospects and returns. Above Returns are annualized
For the last 5 years, the Next Trillion Dollar Opportunity Strategy (NTDOP) has been focused to invest in opportunities amongst Emerging Stocks/Sectors. The strategy invests in themes /stocks in the small and mid cap segment which are available at reasonable valuations and expected to be a part of the “NEXT TRILLION DOLLAR GDP GROWTH”. Invest now and make the most of the growth opportunity
Call: 1800-200-6626Website: www.motilaloswal.com/Asset-Management
E-mail: [email protected] Years1010
Call: 1800-200-6626Website: www.motilaloswal.com/Asset-Management
E-mail: [email protected]
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Years55 N XTE
MOSt
Trillion DollarOpportunity Strategy