Top 200 Core Equity Portfolio

Top 200 Core Equity Portfolio follows a wealth creation approach focused on long term capital appreciation by investing in high quality businesses with sustainable earnings growth, high ROE or ROCE, low leverage and strong franchise. The strategy follows both top down and bottom up investment approach by identifying industries with strong operating dynamics and selecting companies with superior fundamentals, credible management and scalable business models. The portfolio primarily invests in companies within the top 200 listed companies by market capitalization and focuses on recurring winners that demonstrate consistent growth profile, capital efficiency and resilience over the medium to long term. Portfolio construction is benchmark agnostic and concentrated with high conviction names selected through extensive financial modelling, quantitative and qualitative screening, industry analysis and valuation discipline with margin of safety. The strategy aims to buy quality growth companies at reasonable price and focuses on businesses core to the India growth story with strong competitive advantage and large opportunity canvas. Illustrative holdings include Bharti Airtel Limited, ICICI Bank Limited, LTIMindtree Limited, Infosys Limited, HDFC Bank Limited, Trent Limited, Axis Bank Limited, Tata Steel Limited and Cummins India Limited. Sector agnostic. Market cap combination predominantly large cap with selective exposure to mid cap and small cap opportunities.