Investment Objective


With an eqi-weighted twelve stock large-cap oriented PMS strategy, the objective of EMKAY’S 12 portfolio is to combine value and growth to deliver medium to long-term wealth. The portfolio mitigates ‘selection bias’ and ‘allocation bias’ by employing the “smart alpha” approach for ensuring robust risk management.

Investment Objective


With an eqi-weighted twelve stock large-cap oriented PMS strategy, the objective of EMKAY’S 12 portfolio is to combine value and growth to deliver medium to long-term wealth. The portfolio mitigates ‘selection bias’ and ‘allocation bias’ by employing the “smart alpha” approach for ensuring robust risk management.

Investment Framework


Investment Theme


Emkay’s 12 invests in top 12 companies (across sectors) that can benefit from macroeconomic factors like growth in personal disposable income, the surge in the middle class and a rise in gross annual income. The portfolio aims to make the most of themes like :

Value Migration

Industries, where value migration is underway and helps pick potential winners early in the cycle.

Domestic Consumption

Companies that have the potential to benefit from the growth in the GDP and the impact on consumption-driven sectors.

Domestic Infrastructure

Companies that are poised to benefit from the rise in demand for infrastructure in the country – both retail and institutional spending.

The fund manager employs a rigorous investment methodology to achieve an equi-weighted allocation along with diversification across industries and large-cap companies demonstrating high earnings growth.

Investment Theme


Emkay’s 12 invests in top 12 companies (across sectors) that can benefit from macroeconomic factors like growth in personal disposable income, the surge in the middle class and a rise in gross annual income. The portfolio aims to make the most of themes like :

  • Value Migration, i.e. industries where value migration is underway and helps pick potential winners early in the cycle.
  • Domestic Consumption, i.e. companies that have the potential to benefit from the growth in the GDP and the impact on consumption-driven sectors.
  • Domestic Infrastructurei.e., companies that are poised to benefit from the rise in demand for infrastructure in the country – both retail and institutional spending.

The fund manager employs a rigorous investment methodology to achieve an equi-weighted allocation along with diversification across industries and large-cap companies demonstrating high earnings growth.

Sector Allocation | Stocks | Performance


*As on 30th September 2021

 

TOP 5 HOLDINGS
Titan Company Ltd. 9.9%
Divi’s Laboratories Ltd. 9.8%
Ultratech Cement Ltd. 9.3%
Pidilite Industries Ltd. 8.8%
Reliance Industries Ltd. 8.7%

 

*As on 30th September 2021

Since its inception in August 2019, EMKAY’s 12 portfolio has delivered 25.6% return (Model Portfolio) and 21.5% (TWRR) on a CAGR basis.

Back-tested Returns of Emkay’s 12


Back-tested Returns of Emkay’s 12


Portfolio 1 : Returns for 10-year period (2008-2018)
% Return CAGR
Rolling 1 Year Rolling 3 Year Rolling 5 Year
Portfolio 1 Nifty 50 Difference Portfolio 1 Nifty 50 Difference Portfolio 1 Nifty 50 Difference
Apr-08
Apr-09 1.0 -32.8 33.8
Apr-10 68.4 51.9 16.5
Apr-11 24.7 8.9 15.8 28.5 3.6 24.9
Apr-12 7.4 -8.7 16.1 31.1 14.7 16.4
Apr-13 23.7 13.0 10.7 18.3 4.0 14.3 23.0 2.8 20.2
Apr-14 15.2 12.9 2.3 15.2 5.2 10.0 26.3 14.0 12.3
Apr-15 38.9 22.2 16.7 25.5 16.0 9.6 21.5 9.2 12.3
Apr-16 -0.8 -4.1 3.3 16.7 9.8 6.9 16.1 6.4 9.7
Apr-17 12.7 18.5 -5.8 15.8 11.6 4.2 17.2 12.1 5.1
Apr-18 19.2 15.4 3.8 10.1 9.5 0.6 16.4 12.6 3.7
Mar-19 11.0 9.8 1.2 14.3 14.5 -0.3 15.5 12.0 3.5

Performance Update


*As on 30th September 2021
Since Inception
Model Portfolio 25.6
TWRR 21.5
Nifty 24.4
Underperformance / Outperformance (Model v/s Nifty) 1.2
Underperformance / Outperformance (TWRR v/s Nifty) -2.9

 

*As on 30th September 2021

Get the Emkay's 12 Presentation On Your Mail

Get the Emkay's 12 Presentation On Your Mail

Click Here

Download the Emkay's 12 Presentation

Download

To know more about Emkay’s 12 and to receive the latest market outlook and guidance, talk to an Investment Counsellor.

Speak to an Expert