White Oak India Pioneers Equity Portfolio

WhiteOak India Pioneers Equity Portfolio follows a long only investment strategy with a bottom up stock selection approach aimed at achieving long term capital appreciation by primarily investing in listed securities in India. The investment philosophy is that outsized returns can be earned over time by investing in great businesses at attractive values. A great business is defined as one that is well managed, scalable and generates superior returns on incremental capital supported by strong execution, governance and sustainable competitive advantage. The investment process begins with a broad universe of around 1300 companies with market capitalization above 1000 crore and narrows this universe to approximately 300 to 400 great businesses through detailed fundamental research and governance screening, from which about 50 to 80 attractively valued opportunities are selected. The proprietary OpcoFinco analytical framework evaluates operating and financing characteristics to estimate intrinsic value based on future cash flows and excess returns on capital. Portfolio construction focuses on a balanced portfolio of select companies with exposure limits such as around 10 percent per single stock and 25 percent per promoter group. Illustrative holdings have included Coforge, Navin Fluorine International, Bajaj Finance, IPCA Laboratories, Muthoot Finance, Abbott India and Info Edge India. Sector agnostic. Market cap combination of large cap, mid cap and small cap.