28.7%Compounded

Annual Returns (CAGR)

793%Since Inception in 2012

Consistently outperformed Nifty 500 by an average of

18% CAGR over the last 7 years

CY 2019CY 2018

11.87.7

-18.1-3.4

28.7

11.7

CY 2020 (Aug)

15.2

-5.1

Apollo Tricoat,Granules India

Vaibhav Global, SBI Life Insurance

Bajaj Finserv, HDFC Bank , Kotak Bank

Indraprastha Gas, Gujarat Gas,

Deepak Nitrate,

Vaibhav Global, Dhanuka Agritech-

Buyback

TOP 5STOCKS FROM OURPORTFOLIO

Scheme: Security Wt %

VAIBHAV GLOBAL LTD 7.1%

GRANULES INDIA LTD. 6.6%

BHARTI AIRTEL LTD. 5.0%

IOL CHEMICALS & PHARMACEUTICAL 4.9%

GUJARAT GAS LIMITED 4.8%

Companies GenreWhen

Purchased

Avg Purchase

Price

Avg Selling Price

Returns

APL ApolloTubes Climbing the ValueCurve Jun-15 412 1979 380%

Granules India Climbing the ValueCurve Jan-14 22 105 375%

PI Industries Consistent Excellence Jan-12 93 400 330%

Alembic Pharma Corporate Action May-12 52 290 458%

Symphony Large Market Low Penetration Feb-14 480 1950 306%

Bajaj Finance Consistent Excellence May-12 861 4000 365%

HCLTechnologies Consistent Excellence Jan-12 495 1550 213%

Indo Count Industries Climbing the ValueCurve Dec-14 276 1099 298%

Vaibhav Global Large Market Low Penetration Nov-12 112 650 480%

Yes Bank Consistent Excellence May-12 326 1180 262%

OUR PASTWINNERS

(Aug 2020) ₹6190

399%

Alt is one of the first domestic com

(Oct 2019)₹298

- UnitedPhosphorus

ValueAddition

₹1 77 (May2019)

panies to use the Galvant process corrosive protection & longer life.

providing a better product &earns

one of the largest domestic

ERW pipe tion to promote

volume growth.

manufacture steel pipes; better anti

The company has positioned itself as higher margins than its peer.

Strong parentage-APL Apollo Tubes; manufacturingcompanies.Strong focus on branding &distribu

United Phosphorus performance

416%

(Aug 2020) ₹506

Accord Fintech, NSE

-United Phosphorus

68%

- IndraprasthaGasLtd.

Indraprastha Gas Ltd. performance

(Aug 2020) ₹394

246%

Apollo Tricoatperformance

Value Addition

(Aug 2020) ₹571

222%

Accord Fintech, NSE

₹177 (May 2019)

Alt is one of the first domestic companies to use the Galvant process manufacture steel pipes; better anti corrosive protection & longer life.

The company has positioned itself as providing a better product & earns higher margins than its peer.

Strong parentage-APL Apollo Tubes; one of the largest domestic ERW pipe manufacturing companies.Strong focus on branding & distribution to promote volume growth.

-Sunteck Realty- ApolloTricoat (Present)

Granules India performance

₹Rs. 104 (Sep 2018)

(Aug 2020) ₹314

201%

Accord Fintech, NSE

-SunteckRealty

- Granules India

Granules India has been consistently improving operational efficiency in the core bulk drugs segment.

The company has been moving up the value curve from an API manufacturer to formulations, where the profitability is higher. Revenue share from formulations has increased from 39% in FY18 to 52% in FY20.

GIL generated Rs.264 crs free cash flow in FY20; FC was negative in the previous 2 financial years.

(Oct 2019) ₹8134

556%

Accord Fintech,NSE

₹233 (Mar 2020)

(Aug 2020) ₹757

225%

Accord Fintech, NSE

- IOL Chemicals&

Pharmaceuticals

IOL Chemicals & Pharmaceuticals performance

IOL CP is the largest manufacturer globally of Ibuprofen API

(>30% market share). The company is also among the lowest

cost producers, and most capital efficient among peers.

The company is fully backward integrated for key supply material

IBB; this ensures better control over gross margins and sourcing.

Consistent Excellence andValue Addition

Consistent Excellence and Value Addition

50