Renaissance Midcap Portfolio

Renaissance Midcap Portfolio is an equity strategy focused on investing in high quality mid cap businesses capable of delivering sustainable high growth over the medium term to long term. The investment approach follows the Sustainable Quality Growth at Reasonable Price framework which emphasizes companies with durable business models, strong competitive edge, pricing power, superior return on equity, free cash flow generation and competent management teams while investing at reasonable valuations. The strategy adopts a growth biased investment philosophy with a strong focus on quality businesses and disciplined risk management. Portfolio construction typically involves a diversified basket of approximately 25 to 30 high quality companies identified through deep research and fundamental analysis with an ownership mindset and long term investment horizon. The strategy emphasizes businesses with sustainable growth drivers, strong balance sheets, prudent capital allocation and high corporate governance standards. Investment themes reflect opportunities across sectors benefiting from structural growth in the Indian economy including financials such as banks and NBFC, information technology and digital businesses, consumer discretionary, consumer internet, manufacturing technology, renewable energy and capital market related businesses. Stock examples representing the investment framework include companies such as ICICI Bank, Sun Pharmaceutical, ABB India and Motilal Oswal Financial Services which demonstrate sustainable growth and improving business fundamentals. Sector agnostic. Mid cap focused.