Garp fund
Investment Objective
The fund aims to generate long term capital appreciation by investing in a portfolio of stocks across market capitalization that are well placed to benefit from the India growth story over the next 5 - 8 years and are available at reasonable valuations.
Fund Overview
| Category | India Equities (Long Only) |
|---|---|
| Type | Open Ended |
| Suggested Investment Horizon | 3 years and above |
| Fund Style | Multi cap with a mid cap bias |
| Minimum Investment | INR 50 lakh |
| Benchmark | S&P BSE 500 (TR) |
Investment Style
- Stocks that fit into the Growth at Reasonable Price (GARP) philosophy
- Prefer businesses with a long growth runway where the range of outcomes is not too wide
- Portfolio will have a mid cap bias while having exposure to large caps & small caps as well
- The benchmark chosen is more representative of portfolio risk than of the actual portfolio construct. Actual portfolio may differ from the benchmark both in sector allocation & stock selection
- Fund Manager likely to take up to6 months to fully deploy capital into equities
- While market timing is not an objective, calibrating to market conditions is
Portfolio Construct & Risk Management
- 18 - 22 stocks likely to constitute the portfolio providing adequate diversification
- Specific sector exposure limited to 20%
- Maximum allocation to a single stock at 10%
- Maximum exposure to a single promoter family at 15%
- We do not follow a model portfolio approach, portfolios across customers are likely to differ to a considerable extent based on market conditions
