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The Fund has been set up with the objective to achieve long-term capital appreciation by investing in permissible securities/instruments in accordance with the Fund Documents and the Regulations.
Creating a portfolio of sustainable and reasonably valued businesses represents the core of 3P Investment Philosophy. Avoiding weak businesses lowers the risk of permanent loss of capital/returns. Effective diversification across key economic and business variables reduces portfolio risk. Further, risk in equities reduces as the time horizon increases, hence we aim to follow a low churn strategy. A low churn strategy also reduces costs.
The portfolio is well diversified across sectors and key economic variables. The Fund is overweight Automobiles, Capital Goods, Pharmaceuticals, Insurance and Software & Services and is underweight Energy, Materials, Utilities, Telecom and Food, Beverage and Tobacco. Exposure to Banks and Financial Services is close to market weights.
