Fund Snapshot
| Structure | Close ended, Long-only Category III, Alternative Investment Fund |
| Term | 7 years (from date of Final Closing), may be extended up to 2 years with necessary approvals |
| Minimum Commitment Amount | Rs 1 Cr and multiples of Rs 1 Lakh thereafter |
| Minimum Commitment Amount | Rs 1 Cr and multiples of Rs 1 Lakh thereafter |
Investment Philosophy
- 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.
Portfolio Construct
• Concentrated strategy of 25-30* carefully identified businesses across range of market capitalization
• Focused portfolio of mid-sized businesses with a proven track record which could go on to become much larger thereby creating significant investment returns
• Buying businesses with a large competitive advantage & capital efficiency in industries with a large size of opportunity, that offer superior growth over long period of time
• Largely complementary portfolio to IEP, India Select and Growth PMS Investment Approaches
Meet the Team
Anant Jalan : Portfolio Manager– ASK Investment Managers
- Anant has a total work experience of more than 15 years. Anant has spent a total of 10 years at Goldman Sachs & Co.
- He started in the Technology, Media & Telecom Group of the Investment Banking Division in New York. He then subsequently relocated to Mumbai to help build out the India business for Goldman Sachs Investment Partners, a multi-billion-dollar global investment fund.
- Over the past 5 years, Anant has been managing India portfolios and providing deep-dive research advisory for a small set of family offices. Anant graduated Summa Cum Laude with top honours from the University of Pennsylvania with a double degree – Bachelor of Science in Economics (concentrations in Finance & Accounting) from the Wharton School and Bachelor of Science in Engineering (major in Computer Science Engineering) from the School of Engineering & Applied Sciences in 2005. He is with ASK since Oct 2020.
Dhaval Mehta : Co – Portfolio Manager – ASK Investment Managers
- Dhaval has more than 8 years of experience in the field of equity research. Currently, he is tracking sectors like FMCG, Retail, Building Material and Media.
- Prior to joining ASK Group, he was associated with Yes Securities, Emkay Global Financial Services and Ventura Securities where he tracked Consumer & Building material sectors.
- Dhaval has earned his B.E. from Mumbai University and MBA from NMIMS, Mumbai.
