Valcreate Growing India PMS
Concentrated Flexi-cap Strategy
- Focus on High Quality Companies with High Growth and High ROI Profile
- Concentrated Portfolio of 15-25 stocks
- Strong Risk Management with exposure limits on stocks (10% max) and sectors (30% ex-BFSI)
- Company selection is driven by Valcreate’s GQV Investment framework, that defines the quantitative & qualitative aspects (focus on business growth, quality & valuations) we consider as part of identifying stocks for investments.
- Rigorous & clearly-defined process that includes moving from the larger investment universe to stock selection, due-diligence processes & portfolio construction frameworks.
Key Themes in our Portfolio
Banks
Economic Growth to lead to strong releveraging cycle
Asset Quality to be under check benefitting PSB
Few Quarters of stable numbers to reboot PSB Valuations
Housing and Home Improvement
Lifestyle upgrades driven by rise in per capital income
Shift from unbranded to branded
Big housing gap and easy availability of financing and EMI schemes
Indian Pharma and Agrochem
Increasing Focus on Healthcare post-Covid further driven by Higher Penetration of Health Insurance
India soil productivity has long way to go – conducive environment for introducing patented agrochemicals
Infra and Roads
Strong Infra Spending by the Government driven by Projects like Bharat Mala, Sagar Mala and NIP
EPC and HAM Companies are key Beneficiaries
Engineering and Defence
PLI, Capex Revival, Infra and Defense to Boost Manufacturing
Engineering and Defence Companies are key Beneficiaries
CRAMS
Contract manufacturing to Benefit from China plus one theme
Pockets of Pharma, Agrochem and Specialty to capture this Opportunity
Performance and Portfolio Updates
- Valcreate Strategies were leading performers in 2020 within just 2 years of existence
- Growing India was within top-10 performing strategies during the Covid-19 led market crash in 2020*
- Performance was enhanced by multi-bagger picks
- Right selection of contra and cyclical stocks