ENAM India Vision Portfolio

The investment objective of ENAM India Vision Portfolio is to ride the US$ 10-Trillion Opportunity. It aims to identify high-quality businesses that are structurally well-positioned, have sustainable competitive advantages and strong execution capability for consistent long-term growth.

India Vision 2031:

• India, the fastest-growing major economy shows potential to hit us$ 10 trillion GDP by 2031
• Enablers: Right Catalysts, Effective Policies, Timely Actions
• Solid growth visibility; demography matches skills with scale
• Climbing up the ladder – now the 5th largest economy
• Young economy – 60% population under 30
• Services sector is India’s backbone but manufacturing is fast catching up

The investment strategy of ENAM India Vision Portfolio to invest in companies across market capitalisation segments and sectors that offer participation in select megatrends like Urbanisation, Premiumisation, Formalisation, Digital adoption, Consolidation, Work force participation, and Favourable demographics. Thus, capitalizing on the structural growth opportunity in Indian economy.

The investment process and strategy of ENAM India Vision Portfolio PMS is as follows:

• Investment Universe: Over 175 companies across sectors and market capitalization
• Research & Analysis: Conducts comprehensive operational, financial and valuation analysis. Continuous interaction with management teams
• Idea generation: Understand performance levers, identify long term catalysts and analyse business cycles for potential upsides
• Portfolio construction and Risk management: Portfolios are constructed with best ideas with an in depth analysis of companies and valuations. Manage risk through a disciplined portfolio construction process within the prescribed internal investment risk management guidelines
• Monitoring: Continuously monitor investments to validate investment hypothesis

Wealth Creation Opportunities:

Structural Opportunities

• Current leaders
• Consistent growth
• Benefitting from macros

Emerging Opportunities

• Emerging leaders
• Niche businesses & changing scale/trajectory
• Beneficiaries of megatrends/tailwinds

Disruptive Opportunities

• New businesses challengers & disrupting status quo
• Benefitting from innovation

Special Opportunities

• Change in regulations
• Technology shifts
• Change in promoters/management
• Change in market structure
• Business model transformation
• Change in balance sheet
• Corporate action – merger/ demerger
• New products launches

The investment philosophy of ENAM India Vision Portfolio is to seek and identify high-quality businesses that are structurally well-positioned, have sustainable competitive advantages and strong execution capability for consistent long-term growth.

ENAM India Diversified Equity Advantage (EIDEA) PMS is a market & sector agnostic PMS. The investment philosophy is focused in identifying long term opportunities across leaders and emerging companies. The guiding principles in identifying a company include – Size of opportunity, longevity of business, quality of management and how value accretive is the business.

It looks at long term wealth creation through focused investing:

• Focused portfolio
• Target industry leaders and challengers
• Competent management
• Margin of safety

The ENAM Edge:

• Focused Portfolio Management firm with a single investment strategy
• True disclosure of performance track record
• Longest serving single manager track record
• Long serving investment team with experience through various business cycles

Initiatives undertaken to develop a comprehensive proprietary ESG framework