20 to 36 positions.
20–36 carefully selected positions. Core convictions receive meaningful allocation.
Equity, Multi Cap · Discretionary
A concentrated portfolio of businesses we would be content to own for a decade. Fundamental, bottom-up, across market capitalisations, without benchmark obsession and without a house view on the index.
Factsheet — awaiting upload
Riskometer
High
An all-equity, concentrated portfolio of 20 to 36 stocks that can include small caps, which carry higher volatility and lower liquidity. Expect deep interim declines. This is our own assessment, not a SEBI or APMI rating.
* Portfolio holdings may increase or decrease based on market stress, liquidity conditions, and the level of conviction in individual positions. The 20–36 holdings range represents the ideal core portfolio structure, designed for normal/ideal market conditions.
20–36 carefully selected positions. Core convictions receive meaningful allocation.
No sector concentration beyond prudent risk limits.
We take small, short term positions to capture quick mispricings while keeping the balance in cash until better opportunities appear.
Management meetings, channel checks, and industry scuttlebutt, done by the people who make the decisions.
We do not attempt to time your entry into the market. Our job is to allocate to the best available businesses at the moment of deployment.
We aim to buy during dislocations. Panic redemptions make us distressed sellers, so please do not ask us to sell in a downturn what we bought in one.