IIFL High Conviction Fund

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About Company

IIFL is well on its way to repeating its success in wealth management in the asset management arena. IIFL is backed by one of the most reputable financial institutions (with great competence in wealth mgmt & booking). Despite not having a very well-defined investing theory, they have produced investment results thanks to a solid staff.

Fund Snapshot

Fund Type Close-ended category III Alternative Investment Fund
Tenor Up to 10 years from the final closing date
Benchmark S&P BSE 200 TRI
Initial drawdown 25% of the commitment amount
Target Size INR 2,000 cr
Fund Manager Mr. Mehul Jani
Minimum Investment Amount (as Per Investor)
  • Share Class A1, B1, C1: Rs. 1 Crore and above but less than Rs. 5 Crore
  • Share Class A2, B2, C2: Rs. 5 Crore and above but less than Rs. 15 Crore
  • Share Class A3, B3, C3: Rs. 15 Crore and above
  • Share Class C4: Rs. 1 Crore and above
  • Share Class S: As per the regulatory requirement

AIF Offered by IIFL

The Alternative Investment Funds (AIF) concept was invented in India by IIFL Asset Management. Each of their alternative fund ventures outside the realm of traditional investing and seizes one-of-a-kind possibilities without restrictions. AIFs allow investors to venture off the beaten path and invest in assets that are out of reach for the typical investor. Commodities, pre-IPO placements, hedge funds, venture capital, and derivative contracts may boost a portfolio, reduce risk, and increase profits. AIFs can also invest in listed shares, but the structure also permits purchases of securities that are not accessible through the conventional mutual fund platform.

Fund Overview

Various investing possibilities have been made possible by recent changes in the macroeconomic climate and the ensuing sell-off in risky assets. While their medium- and long-term basic growth forecast has not altered much, factors like currency devaluation, increased petroleum prices, and less liquidity may influence a group of firms’ near-term development. Corporation earnings should increase in light of the recent corporate tax increase.

  • The Scheme invests in equity and equity-related assets in an effort to provide a long-term financial appreciation for Contributors.
  • High Conviction Fund plans to assemble a tightly focused portfolio of 15 to 20 businesses, including:
    • Principal winners from the secular growth drivers
    • Positivity for a significant increase in earnings and cash flows
    • Present a tempting risk/reward ratio
  • A combination of top-down (using macro analysis to identify sectors) and bottom-up strategies would be used by the High Conviction Fund (microanalysis to pick stocks within these sectors)

Investment Philosophy

IIFL High Conviction Fund is a structured alternative investment product. It focusses on a concentrated portfolio of around 15 high conviction businesses and aims at lowering risk while providing consistency and stability. The management at IIFL High Conviction Fund uses a mix of bottom-up and top-down philosophies and invests in a mix of cyclical and defensive stocks.

IIFL High Conviction Fund is closed ended benchmark agnostic and the minimum ticket size to invest here is ₹1 crore.

Unique Feature

  • The approach is clearly laid out, with strict standards defining the core (businesses with secular growth) and tactical portfolios (companies with cyclical or defensive growth). This is the High Growth plan of IIFL that is more focused.
  • IIFL High Conviction AIF is a logical AIF to invest in due to its competent investment team and well-defined investing framework. 
  • A substantial component of the portfolio is invested in top-notch secular growth firms for long-term compounding as part of IIFL’s investment strategy, which aims to invest in a portfolio based on their “SCDV” framework. Defences and quality cyclical make up the remaining tactical allotment.

About Fund Managers

Anup Maheshwari

Anup Maheshwari as Chief Investment Officer and Whole-Time Director of IIFL

Anup Maheshwari as Chief Investment Officer and Whole-Time Director of IIFL Asset Management. Anup is liable for the investment and strategy for IIFL AMC’s business including collective finances and Indispensable Investment Finances (AIFs). He plays a crucial part in meeting the company’s aggressive growth pretensions as well as product development and contriving an innovative investment strategy.

An alumnus of the Indian Institute of Management, Lucknow, he has over 25 times of work experience in the financial services sector. Prior to joining IIFL Asset Management Limited, he has been associated with DSP Investment Directors Private Limited ( formerly known as DSP BlackRock Investment Directors Private Limited) over 21 times as an Administrative Vice President & Chief Investment Officer. He was also associated with HSBC Asset Management (India) Private Limited & Merrill Lynch India Equities Fund (Mauritius) Limited.

Mehul Jani

Mehul Jani

Mehul Jani is IIFL Asset Management’s Senior Executive Vice President | Fund Manager – Listed Equity.Mehul Jani, CFA, joins us from DSP Blackrock, where he worked as a Fund Manager and Analyst. Mehul joined DSP BlackRock as an Analyst in the Equities division in October 2008. Mehul worked as an Associate at Morgan Stanley Plc in London from 2004 to 2008, where he worked on structured product valuations and fund derivatives.He is a CFA charterholder and holds an MSc. in Banking and International Finance.

Why Equities Now?

The markets have prevented the Mid & Small cap categories from producing any gains since 2018. Many companies in the mid-and small-cap categories have failed to realise their potential to provide returns for investors while having strong fundamentals. The divergence of returns between segments may present a fantastic chance to invest right away.

Investment Objective

The Scheme invests in equity and equity-related securities of both listed and unlisted Portfolio Companies in an effort to provide a long-term capital appreciation for Contributors. In accordance with AIF Regulations, the Scheme shall invest in additional legitimate securities.

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Disclaimer: Investing Involves Risk. This document is for information purposes only and should not be viewed as a legal offering document or solicitation. Offers to invest in this fund are made only by the Discretionary Portfolio Management Services Agreement. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. We do not guarantee any returns in the hand of investors not we take any sort of accountability for the performance of the scheme. The above-mentioned data is collected from the respected Fund house please verify the same at SEBI website.