Subtitle of PPT. ASK Investment Managers

Transcription

1 Subtitle of PPT India Title Select of Portfolio PPT ASK Investment Managers 1

2 Subtitle of PPT Key Investment Objectives Capital Preservation over a period of time Capital Appreciation over a period of time Achieved through Long term Investments in high quality companies with strong growth prospects 2

3 Subtitle of PPT Capital Preservation 3

4 Subtitle Capital Preservation of PPT We cater to investor s desire for a relatively stable portfolio very well India Select has mostly fallen less and risen more than the benchmark Max Drawdown FY Performance India India Select BSE 100 Select BSE 100 FII Net Inflows (USD Bn) FY 11-20% -19% 16% 9% 24 FY 12-17% -24% -4% -9% 9 FY 13-5% -10% 10% 7% 26 FY 14-8% -15% 39% 18% 14 FY 15-2% -7% 73% 28% 18 FY 16 (Jan YTD) -9% -18% -2% -11% -4 Since Inception -25% -30% 20% 6% 90 Delivered low volatility consistently Superior Sharpe Ratio High growth portfolio with low beta Historical Drawdown is measured as the biggest fall of the portfolio after touching the previous peak during the year. Sharpe ratio measured as Portfolio returns over Risk Free Rate (RFR) divided by the Portfolio Standard Deviation. RFR assumed at 8% pa. Historical Volatility is computed based on standard deviation of daily returns 4

5 Subtitle of PPT Capital Appreciation Low volatility in the portfolio actually aids portfolio appreciation 5

6 Subtitle Capital Appreciation of PPT Consistently beating benchmarks since inception (INR) FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 (Jan YTD) CAGR since April 2010 India Select 16.1% -4.1% 9.7% 38.7% 73.0% -2.0% 19.8% BSE % -9.2% 6.8% 18.1% 28.3% -11.1% 6.2% Nifty 11.1% -9.2% 7.3% 18.0% 26.7% -10.9% 6.5% 30% vs. 0% 193% vs. 42% Performance figures are net of fees and expenses 6

7 Subtitle MF Comparison of PPT and Quarterly Outperformance Top decile performance since inception Period Relative Positioning FY out of 152 FY out of 158 FY out of 162 FY 14 4 out of 163 FY out of 148 FY 16 (Jan YTD) 22 out of 151 Since April out of 137 Ranking Vs all open ended diversified MF Schemes 16 Quarterly Outperformance Vs Nifty (4) (8) FY11 Q1 FY11 Q2 FY11 Q3 FY11 Q4 FY12 Q1 FY12 Q2 FY12 Q3 FY12 Q4 FY13 Q1 FY13 Q2 FY13 Q3 FY13 Q4 FY14 Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY15 Q1 FY15 Q2 FY15 Q3 FY15 Q4 FY16 Q1 FY16 Q2 FY16 Q3 India Select has strong outperformance track record Vs the benchmark indices since inception 7

8 Subtitle of PPT India Select: The Strategy Consistent adherence to the strategy towards delivery of the philosophy improves chances of replication 8

9 Subtitle Indian Select of PPT Portfolio Best ideas Portfolio across all the key value-creating attributes Portfolio to represent an eclectic mix of: size of opportunity earnings growth quality of the business price - value gap and to achieve an overall optimal blend 9

10 Subtitle Key Investment of PPT Attributes Size of the Opportunity Size of pond Vs. size of fish Dominance Resilience Liquidity Quality of Business High quality of business (Superior RoCE) Strong moat. Impregnability. Sustainability Key pivot of strong wealth creation Earnings Growth Quantum Consistency Durability Predating (Early Vs Later) Compounding power Four key investment attributes Value Favorable Price-Value Gap Margin of Safety In addition to the above, good management quality is a given constant 10

11 Subtitle Indian Select of PPT Portfolio: Have India Select as core of equity portfolio The Positioning Other equities India Select Structured Products & High Yield Debt LT Debt ST Debt Equity Debt / Hybrid Key Attributes High degree of predictability of returns Higher replicability of performance Better returns than other asset classes How India Select Qualifies Buy good quality, non-dilutive, strongly growing businesses. Beta of0.66 since inception. Philosophy based Process driven investing. Almost equiweighted portfolio minimizing single stock risk. Historically low churn ratios of sub 0.4%. Positive returns across most of the portfolio holdings, indicating the strength of the philosophy and process. 20% compounding since inception Vs 6% for BSE 100 as on January Risk Factors and Disclaimer Risk arising from the investment objective, investment strategy and asset allocation. Equities as an asset class carry a higher risk in comparison to debt. While risk cannot be totally eliminated, it can be mitigated through a well-designed investment strategy. ASK Investment Managers Portfolios seek to mitigate risk and deliver superior returns through research-based investing. However, this objective may not be fully achieved due to various reasons such as unfavorable market movements, misjudgment by portfolio manager, adverse political or economic developments etc. The PMS is run with an objective to achieve reasonable returns consistently. Given this background the investor investing in the PMS faces the following risks (i) Political, economic and / or related risks The Asset Value of the portfolio and the liquidity of the shares may be affected by changes in government policy, taxation, interest rates, social and religious instability and political, economic or other developments in or affecting India. (ii) Industry risk The value of shares of companies in a particular industry may be affected due to factors affecting the industry like changes in government policy on duties, FDI or a foreign country, which is a big market for the industry, may impose restrictions on import etc. (iii) The Indian Securities Market The Indian stock markets in the past experienced substantial price volatility and no assurance can be given that such volatility will not occur in future. Actual market trend may be in variance with anticipated trends hence, the decisions of the Portfolio Manager may not be always profitable. (iv) Liquidity Risk Some stocks that the investor might be invested in might not be highly liquid. Though it will be the PMS service providers endeavor to restrict investments in less liquid stocks to a lower limit, there is an exposure of liquidity risk to the investor. DISCLAIMER: Any information contained in this material shall not be deemed to constitute an advice, an offer to sell/purchase or as an invitation or solicitation to do for security of any entity and further ASK Investment Managers Private Limited (ASKIM) and its employees/directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use of this information. Recipients of this information should exercise due care and caution and read the offer document (if necessary obtaining the advice of finance/other professionals) prior to taking any decision on the basis of this information. ASK Investment Managers Private Limited has not independently verified all the information and opinions given in this material. Accordingly, no representative or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information and opinions contained in this material. 11

12 Subtitle of PPT Thank You Head office : Birla Aurora, Level 16, Dr. Annie Besant Road, Worli, Mumbai Customer Service - Ph: Extn: 144, 255 and customerservice@askinvestmentmanagers.com 12