Minerva India Under-served

• No Loss of Insights: Because of direct contact with professionals with significant investments in knowledge for marketing.
• Centralised communication: All clients are given the same information.
• Focus on Investments: Investors do not receive commissions or bonuses based on the number of sales they make. They are solely interested in finding the most profitable investments.
• Deeply Researched Answers: In a transparent and public forum, experts answer common and complex investment questions.
• Limited Impact of RM churn: The core communication for investors is managed by the company’s primary investor desk (led by the firm’s creator, IME).

Their speciality is to provide top-notch investment advice and deliver customised solutions tailored to your specific investing demands. They choose to work with best-in-class execution partners to make the investment procedure as efficient and straightforward as possible to concentrate on their primary areas of expertise.

They can offer the clients industry-leading investment companies, research, and reporting standards by partnering with industry-leading platforms. They’ve got relationships with  Fundzbazar (one of the country’s major MF online platforms, with over 25,000 cr in MF assets), PMS Bazaar (the market leader for PMS and AIF investments) and Kotak Securities (one of India’s most reputable fundamental equity brokerages) in place.

• They have over 16 years of portfolio management experience and a deeper understanding of more complex investments, most of which was spent managing specialist portfolios (including India’s first institutional capital preservation and capital guaranteed funds).
• An Insider’s Perspective: Consider the advantages of obtaining an insider’s viewpoint (i.e., accurate management of money) vs an outsider’s view (i.e., advisors and wealth managers). Thorough knowledge of what is said (and not said) in investment management services is crucial.
• Understanding global best practices in fund selection: They’ve gone through the fund-selection process with top worldwide investors and have a more excellent account of what to search for in funds for long-term sustainable returns.

What does Minerva India serve to offer you?

Process — We thrive on a high level of analytical rigor and investment discipline. We use financials, forensics, and a detailed on-the-ground methodology to arrive at a cautious assessment of intrinsic worth. Then we construct a diverse book of enterprises with a laser-like concentration on our most promising concepts.

People – Diverse worldwide experience that aids in the identification of specific tertiary factors that create strong value fluctuations in developing markets. We can apply “macro” risk management to our primarily deep-dive “micro” approach because of our backgrounds.

Partners — Astute investors who allow us to avoid speculation, reward “rigor” above “fashion,” and value our efforts to profit from opportunities that arise during panic and abrupt declines.

Investment process –

Our Process’s Foundation – Growth, margin sustainability, accounting clarity, and value all have strong explanatory power for attributing long-term major outperformance in Indian stocks, according to our research. As a result, they are some of our most important screening criteria. We don’t limit our scope by looking at simple criteria like earnings yields or headline multiples. If the firms we’ve chosen show up,

1. accounting clarity
2. sustainable promise
3. ability to retain pricing power
4. demonstrate an appreciation of minority investor rights
5. material ignored/under-appreciated facets, and
6. clearly quantifiable incremental catalysts (ideally idiosyncratic),…… …….

they become prospects for inclusion in India’s Under-served. Our process thrives on discipline and is well-positioned to look for and own strong (or potentially strong) businesses, run by shareholder-friendly management teams, at attractive valuations.

Minerva India Underserved Construct –

Minerva India Underserved focuses on businesses within the most underpenetrated categories, which have the largest potential upsides to come in line with G7 levels. Our most critical screening filters revolve around accounting clarity and absolute value. We only proceed if our fundamental work on these names manages to keep us interested while offering free or near-free embedded optionality within assets. Typically, the book comprises 12-18 names, with occasional opportunistic investments. Over more than a decade of allocation, we have preferred to camp ourselves in the institutionally under-owned/orphaned Indian small and microcap space. We have also debunked the narrative that investing in this space comes with elevated volatility.

Minerva India underserved –

Sustainability – The firms in our Underserved universe are anticipated to outperform the larger economy over the medium and long term. Typically, we estimate that such categories will grow at least 30 times before reaching saturation. Accounting transparency – The companies we’ve picked have a track record of being trustworthy.  Operating   profits, cash creation, and ‘clean’ organizational structures our experiments on Underserved categories (not bound by value) were partially constrained by value.  “fixed” value multiple) suggests that investors favor long-term growth in such companies. Businesses. We look for clear reporting, the ability to generate cash, and a healthy profit margin. Tenacity. Investing in securities that are under-owned by institutions – We carefully avoid street darlings, and our strategy is to invest in securities that are under-owned by institutions. Institutionally, the greatest conviction holdings are virtually always under-owned.