pms june'2020
TRANSCRIPT
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
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.