ICE GROWTH

ICE Growth follows a pillar based investment approach where the economy is analyzed through three important pillars which are Investment, Consumption and Exports, and portfolio positioning is taken based on identifying remunerative pillar centric trends in advance. The strategy assumes that stock markets move strongly in favour of one or two pillars while other pillars underperform the broader market, and therefore capital is allocated toward sectors belonging to the winning pillar. Sectors under the Investment pillar include infrastructure, capital goods, cement, PSUs, metals, auto commercial vehicles, wholesale lenders, shipping, real estate, power and oil and gas. Consumption pillar includes FMCG, auto two wheelers and passenger vehicles, retail segments such as garments, jewellery, footwear, ecommerce, quick commerce, grocery, consumer durables, building materials and branded domestic healthcare. Export pillar includes IT, chemicals, pharmaceuticals, garments and industrial companies where exports contribute more than forty five to fifty percent of revenue. Portfolio construction combines pillar selection and sector selection through a top down approach and stock selection through bottom up analysis focusing on management quality, scalability and valuations. The strategy generally maintains a diversified basket of stocks with barbell structure including turnaround names, quality cyclicals and stable compounders. Sector agnostic. Market cap agnostic.