Investment approach
We invest in high-quality Indian equities at attractive prices.
We believe this is the most repeatable and risk-managed way to invest in India.
It also reflects a strong founder–strategy fit, shaped by over 15 years of experience studying Indian businesses and market cycles.
Capital protection is our first priority. From there, we seek to compound capital sensibly over time.
What Makes a High-Quality Business?
We assess business quality across four core dimensions
Our Research Process
We build conviction through a combination of data-led insights and deep on-ground research. This thorough approach allows us to take concentrated position for 3+ years, while tolerating interim volatility.
Why quality matters
Owning high-quality businesses is critical for capital protection and to withstanding inevitable market drawdowns over long holding periods.
We earn when our investors do
~15-20
holdings
All-cap
approach
Three position-size tiers:
2.5%, 5%, and 7.5% of investable funds
Benchmark:
NIFTY 500 TRI
Typical holding period: 3+ years
How We Enter at Attractive Prices?
We believe markets are generally efficient but periodically offer windows of mispricing. These windows persist longer for under-researched companies and close quickly for those in the spotlight.
We identify and exploit these opportunities through three distinct competitive advantages
Information Edge
We systematically monitor an investment universe of ~1,500 listed Indian businesses. We continuously track, process and interpret public and proprietary data at scale through our own technology platform.
Analytical Edge
We combine our large-scale data tracking with deep on-ground research, through our fleet-on-street team.
This synthesis gives us differentiated investable insights.
Behavioral Edge
We draw on 15+ years of India investing experience to be patient and disciplined during periods of euphoria or fear. We are backed by mentors and advisors having combined 100+ years of experience in Indian and Global equity markets.
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