Investment Objective To build a concentrated portfolio of select stocks with a focus to create significant value over the long term by identifying and investing in deep value stocks some of which may be relatively under researched small and mid-cap stocks. The fund will largely adopt a Buy and Hold strategy. It will hold the stocks till the expected return from the potential opportunity is not fully realized. At the same time, the objective is not to stay invested in a stock idea through-out the life-time of the fund. As the market typically delivers a non-linear return profile, the fund manager may opportunistically seek to re-allocate money across stock ideas dynamically. We may also exit our investment for loss or insignificant gain if there is any adverse development in our view.