Investment Objective
The objective of Emkay L.E.A.D. (Leadership. Excellence. Ambition. Discipline.) portfolio is to achieve long term capital appreciation by predominantly investing in large and mid-cap high-growth companies with a leadership trait in their sector along with a wide economic moat, quality management, and reasonable valuations.
Investment Framework
Investment Theme
L.E.A.D. invests across sectors and companies ( not exceeding 15 stocks) which are slated to benefit from :
Value Migration
The framework tries to identify industries where value migration is underway and helps pick potential winners early in the investment cycle.
Growth in Domestic Consumption
Companies that have the potential to benefit from the growth in GDP and the attendant impact on domestic consumption-driven sectors.
The portfolio aims to achieve diversification across industries and companies for effective risk management. Its earnings growth and quality filters keep out low-quality, high-risk companies, to minimise portfolio risk. The fund managers employ the smart alpha approach to create an equi-weighted portfolio, thereby eliminating ‘allocation bias’.
Sector Allocation | Stocks | Performance
*As on 30th September 2021
| TOP 5 STOCKS | |
|---|---|
| Bajaj Finance Ltd. | 10.3% |
| Aarti Industries Ltd. | 8.6% |
| Infosys Ltd. | 7.7% |
| HCL Technologies Ltd. | 7.6% |
| Divi’s Laboratories Ltd. | 7.3% |
*As on 30th September 2021
Since inception December 2018, the Emkay L.E.A.D. portfolio, by virtue of its Smart Alpha approach has consistently outperformed the Nifty 200 (its benchmark index) by a CAGR of 19.3% returns (Model Portfolio) and 15.9% (TWRR).
Performance Update
*As on 30th September 2021
| Since Inception | |
|---|---|
| Model Portfolio | 19.3 |
| TWRR | 15.9 |
| Nifty 200 | 18.9 |
| Outperformance (Model v/s Benchmark) | 0.5 |
| Outperformance (TWRR v/s Benchmark) | -2.9 |
*As on 30th September 2021
