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Overview
PGIM India Equity Portfolio – Series II seeks to generate returns by investing in a portfolio of predominantly quality stocks with good fundamentals.
Portfolio Strategy
Funds would be predominantly invested in listed equity and equity related instruments.
Investment Process
The portfolio will identify and invest in quality companies with strong fundamentals. These companies will be evaluated on safety, growth and prevailing valuations parameters before including in the portfolio. The fund manager may rely on ratios like ROCE, ROE, operating cash flow among other parameters to evaluate the company.
Investment Approach
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Investment Objective
PGIM India Equity Portfolio seeks to achieve long term capital appreciation by investing in equity and equity related instruments across market capitalization. However, there can be no assurance that the investment objective will be achieved.
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Types of Securities
Funds would be predominantly invested in listed equity and equity related instruments.
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Basis of selection
The portfolio will invest in businesses with a visibility of earnings growth over the next three to four years, with an aim for capital appreciation. The portfolio will be conscious about downside business risk management and strength of the businesses while investing. The strategy will have three filters for including stocks in the investment universe:
  • Positive Operating Cashflows for at least 60% of the business history*
  • Low leveraged balance sheets (Net debt: Equity < 2)
  • No major corporate governance issues in the past
*Nifty 50, Nifty Midcap 100, BSE 200 and top 250 stocks defined by AMFI are automatically apart of the investment universe.
The portfolio manager shall have a leeway of up to 10% to invest in stocks beyond the above-mentioned process.
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Portfolio Allocation
Funds would be predominantly invested in listed equity and equity related instruments. The portfolio may comprise of 10 to 15 stocks under normal market conditions. Companies will be evaluated on safety, growth and prevailing valuations parameters before including in the portfolio. Pending deployment of funds of the portfolio may be parked in short term deposits of scheduled commercial banks or in the liquid and debt schemes of PGIM India Mutual Fund.
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Investment horizon
This portfolio is suitable for investors with investment horizon of at least 3 years.
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Risk Associated
Please refer to disclosure document disclosure document.
Portfolio Manager
PMSbanner
Surjitt Singh Arora,
Principal Officer and Portfolio Manager - Portfolio Management Services,
PGIM India Asset Management Pvt. Ltd.
Surjitt Singh Arora is Portfolio Manager – Portfolio Management Services at PGIM India Asset Management Private Limited.
Surjitt Singh Arora has more than 18 years of rich work experience in the Equity Markets including over 8 years in the asset management industry. In his last stint, Surjitt was Head - PMS and Head - Principal Officer with Tata Asset Management, where he was managing Tata ACT and Tata Emerging Opportunities Portfolio. Prior to that he was with Tata Mutual Fund as Equity Research Analyst.
Surjitt holds a Bachelor’s degree in Management Studies from Sydenham College, Mumbai and a Master’s degree in Management Studies from Sydenham Institute of Management and Research (SIMSREE), Mumbai.
Performance
Period
Portfolio
Nifty 50 TRI
1 Month
-5.96%
1.57%
3 Months
-7.50%
2.92%
6 Months
-4.43%
14.09%
Since inception date 19/06/2023
9.26%
19.43%
#w.e.f. April 1, 2023, the benchmark has changed to the Nifty 50 (TRI) from Nifty 500 TRI. The portfolio is live from Jan 2023 and thus the performance is shown for 1 and 3 months period.
Portfolio
Top 15 Holdings of India Equity Portfolio Strategy as on 31st March 24
Company
Portfolio Weightage
ARTEMIS MEDICARE SERVICES LTD
11.90%
COMPUTER AGE MANAGEMENT SERVICES LTD
10.37%
CEAT LTD
10.13%
RADICO KHAITAN LTD
7.11%
PAUSHAK LTD
7.10%
HINDUSTAN OIL EXPLORATION COMPANY LTD
7.04%
RBZ JEWELLERS LTD
5.76%
SIRCA PAINTS INDIA LTD
5.40%
SANDHAR TECHNOLOGIES LTD
4.49%
ULTRAMARINE & PIGMENTS LTD
3.42%
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