- Subjective evaluation of management quality (integrity, vision, execution, capital allocation skills and capital distribution)
- Rigorous filter of minimum of 20%* annual Earnings Growth over the next 3 to 5 years*
- Note: Maximum of 25% of the portfolio may be a deviation to the above conditions. *at the time of 1st portfolio construct
- Top 500 as per market capitalization
- Rigorous filter of minimum of 15%* Return on Capital Employed (capital efficiency)
- Finally, a portfolio emerges of 25-30 businesses, representing an optimal blend of the overall characteristics, and adequate diversity, with reasonable Margin of Safety
Fund Objective
To build a concentrated portfolio of primarily mid-sized businesses with a proven track record, representing quality and superior long-term compounding potential.