ASK Lighthouse Portfolio

Fund Snapshot

Investment Objective

To invest predominantly in a few concentrated themes/sectors at a time—wherein structural transformation is underway—by constructing a portfolio of businesses across range of market capitalization

Systematic Transfer Plan

Investments will be made in a staggered manner as per the instructions provided by the client Fees as per the respective strategy (ASK Liquid/ASK Equity) will be charged for the invested amount.

Top Holdings (%)

Market Cap Classification

Portfolio Metrics

Portfolio Update

Overweight Sectors

Capital Goods

• Expected to benefit from multiple tailwinds, including global diversification of supply chains (China + 1 strategy), indigenization push, favorable policies (PLI scheme) and infrastructure and power drive.
• These structural drivers provide long-term growth visibility.

Construction materials

• Cement sector is expected to be a direct beneficiary of increasing infrastructure investments, new factory buildouts and construction of residential & commercial real estate.
• The sector has strong long-term growth potential and remains a good way to play the growing fixed capital formation in the country.

Oil Gas & Consumable Fuels

• The entire energy value chain will benefit from higher economic growth and at appropriate valuations, we are positive on all its various segments
• Traditional fuels will grow along with increasing contribution of gas in the energy mix

Construction

• Benefit from significant government investments and favourable policies across sectors, including power, highways, airports, oil & gas, mining, etc.
• Potential private sector capex cycle pick-up to give a boost.
• A large and growing opportunity in the overseas markets, which Indian companies can participate in by leveraging their cost advantages.

Power

• Power requirements will rise as manufacturing, which is more power intensive than agriculture, increases its share in India’s economic output
• Utilities are investing in both thermal and renewable sectors given the forecasted demand and few are also increasing their distribution business, which offers a huge growth opportunity

Underweight Sectors

Lighthouse is a focused strategy with investments only in three or four themes at a time and hence we are underweight on all sectors that are not associated with such themes.

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Stock Actions

Increased weight in Construction materials

• Exited Ambuja Cements and entered Ultratech Cement, Shree Cement and Ramco Cement

Increased weight in Oil Gas & Consumable Fuels

• Exited IOC and introduced Coal India, Reliance Industries and Gujarat Gas to the portfolio

Increased weight in Power space

• Exited Adani Energy Solutions and entered NTPC and Torrent Power

Increased weight in the Chemicals segment

• We added Navin Fluorine to the portfolio

Switched weight in Capital Goods segment

• Exited KEI Industries and Kirloskar Oil Engines and entered Hitachi Energy, Timken India and Voltamp Transformers

Switched weight in Services space

• Exited Adani Ports and Interglobe Aviation and entered Container Corporation

Portfolio Actions

• Exited REC, Adani Ports, Adani Energy Solutions, Dixon Technologies, IOC, Amber Enterprises, Ambuja Cements, KEI Industries, Blue Star, Ramkrishna Forgings and Interglobe Aviation.
• Trimmed positions in Kirloskar Oil Engines, Triveni Engineering, Transformers & Rectifiers, Elecon Engineering, Gravita India, Syrma SGS, Titagarh Rail and Power Mech Projects.

Your Steady Partner Through Every Market Phase

Market cycles don’t intimidate us—they inform us. At AltPort, we navigate both storms and smooth waters with the same measured confidence. Our expertise, built over years of capital-market experience, allows us to steer your investments with discipline and foresight. Whether you’re aiming for stability, growth, or long-term wealth building, we keep your goals at the center. Let’s move forward with clarity and strength, together.