ABML NDPMS

Core Investment Philosophy

The overarching philosophy across their offerings is to invest in secular growth companies that possess strong economic moats. They emphasize:

• Methodical Research: Utilizing rigorous, bottom-up fundamental analysis to select stocks.

• Wealth Creation: Focusing on long-term capital appreciation rather than short-term market timing.

• Risk Control: Maintaining a disciplined framework to manage volatility and protect capital.

1. Discretionary PMS (D-PMS)

In this model, the fund manager takes all buy/sell decisions based on a predefined strategy. Their flagship approach is the Core & Satellite Strategy:

• Core Portfolio: Invests in high-quality, stable companies aimed at capturing secular earnings growth and providing long-term stability.

• Satellite Portfolio: Focuses on tactical positioning to capitalize on transient market irrationalities and special situation opportunities.

• Structure: Typically a concentrated portfolio of 15–20 stocks, benchmarked against the CNX 100.

2. Non-Discretionary PMS (ND-PMS)

This is a more collaborative method where the client is the final decision-maker.

• Customization: Portfolios are tailored to the individual’s specific risk-return profile.

• Advisory Role: The fund manager provides research-backed recommendations, but execution only happens upon the client’s approval.

• Philosophy: While customized, it maintains the core focus on companies with economic and competitive advantages.

3. Specific Thematic Strategies

ABML also runs specialized portfolios, such as the India Consumption Portfolio, which is a multi-cap thematic fund focusing on 12–18 stocks that benefit from India’s growing domestic consumption story.

Key Principles for Retail Investors

For general investors, they advocate for a 3-Bucket Strategy to manage life goals:

• Short-term: Debt-oriented for immediate needs.

• Medium-term: Balanced for stability.

• Long-term: Equity-heavy (using SIPs and multi-cap funds) for wealth creation like retirement or education.