Professional Documents
Culture Documents
MFs Analysis by Motilal
MFs Analysis by Motilal
Earnings
Longevity
Growth
Quality of
Valuation Managem
ent
Size of
Margin
opportuni
of Safety
ty
Credit &
Demand
investme
recovery nt cycle
Fund manager & managed PMS
Strategies
Manish Sonthalia Shrey Loonker Susmit Patodia Amit Nadekar Pawan Parakh
Head Equity PMS & AIF, Fund Manager, MOAMC Co Fund Manager, MOAMC Fund Manager, Fund Manager,
MOAMC (Fund Manager) Alchemy Capital Management
Renaissance IM
Sumit Jain Kuldeep Gangwar Ashvin Shetty Rakshit Ranjan Amit Nigam
Portfolio Manager, Portfolio Manager, Portfolio Manager, Portfolio Manager, Fund Manager,
ASK IM ASK IM Marcellus IM Marcellus IM INVESCO India
Our bouquet of PMS offerings (1/2)
Dynamic Allocation
VALUE NTDOP IOP IOP V2 BOP
PMS
AMC Motilal Oswal AMC Motilal Oswal AMC Motilal Oswal AMC Motilal Oswal AMC Motilal Oswal AMC Motilal Oswal AMC
Shrey Loonker
Fund Manager Manish Sonthalia Manish Sonthalia Manish Sonthalia Manish Sonthalia Manish Sonthalia
Susmit Patodia
AUM (Cr.) 1,845 7,212 2,110 383 651 13
Earning Growth
Style
Superior Business
Model
Management
Quality
Company's
Promoter Stake
Valuation
Focused Portfolio
No. of Stocks 22 24 21-23 21 19 24
Market Cap Style Large Cap Multi Cap Mid & Small Cap Mid & Small Cap Multi Cap Multi Cap
Investment Risk
Medium Medium High High Medium Medium
Style
Marcellus
Renaissance Renaissance
Alchemy High Consistent Marcellus Little
ASK IEP ASK Vision Invesco DAWN Midcap Opportunity
Growth Compounders Champs
Portfolio Portfolio
PMS
Alchemy Capital
AMC ASK IM ASK IM Invesco AMC Renaissance IM Renaissance IM Marcellus IM Marcellus IM
Management
Kuldeep
Fund Manager Sumit Jain Amit Nigam Pawan Parakh Pawan Parakh Amit Nadekar Rakshit Ranjan Ashvin Shetty
Gangwar
AUM (Cr.) 9,370 106 411 41 32 1,809 1,150 180
Earning Growth
Style
Superior
Business Model
Management
Quality
Company's
Promoter Stake
Valuation
Focused
Portfolio
No. of Stocks 18 21 24 21 14 14-25 10-20 10-20
Market Cap
Multi Cap Multi Cap Multi Cap Mid Cap Multi Cap Multi Cap Multi Cap Small Cap
Style
Investment Risk Medium to
Medium Medium High Medium Medium Medium High
Style High
Data as on 30th April, 2020
Limited
Portfolio Management Services Period
Offering
o Marcellus Little Champs PMS o MOAMC Dynamic Allocation PMS
• Identity small-cap companies (market cap<US$500million) Inception Date Benchmark Fund Manager
with excellent corporate governance and capital allocation
29-Aug-19 BSE Smallcap Index Ashvin Shetty
track record and strong sustainable competitive advantages
built around brands, business processes and strategic assets.
Growth
Reinvestment/ Runway
Characteristics of a typical portfolio company Debt Reduction
Improving
Performance(%ge) Value of 1 cr. Invested Efficiency
II. In-Depth bottom-up research of such companies in • Amongst companies which pass steps 1 & 2, identify those
with high barriers to entry
the universe to assess sustainable moats.
Top 5 stocks
Stock Name (%) of Market value
HDFC Bank 12.00
Performance(%ge) Value of 1 cr. Invested Page Industries 11.00
Asian Paints 11.00
Marcellus Marcellus Relaxo Footwear 10.00
Period Consistent Nifty 50 Consistent Nifty 50 Pidilite Industries 9.00
Compounders Compounders Top 5 sectors
1 Month 8.52 14.68 1.09 1.15 Sector Name (%) of Market value
3 Months -10.15 -17.57 0.90 0.82 Home Building Materials 27.98
Financials 25.54
6 Months -4.86 -25.07 0.95 0.75
Consumer Discretionary 20.58
1 Year 16.57 -16.07 1.17 0.84 Pharma & Healthcare 13.30
Since Inception 15.52 -6.70 1.23 0.91 Consumer Staples 10.72
Source: Marcellus IM| Data as on 30th April 2020
MOAMC Value Strategy
• It aims to benefit from the long term compounding effect on Inception Date Benchmark Fund Manager
investments done in good businesses, run by great business
Shrey Loonker &
managers for superior wealth creation. 25-Mar-03 Nifty 50 Index
Susmit Patodia
• Each of the portfolio companies are market leaders in their Portfolio (Top 10 Stocks)
respective segments.
Scrip Name (%) of Market value
• 16+ years track record HDFC Bank Ltd 10.93
• Focused portfolio approach with 22 stocks in its portfolio. Max Financial Services Ltd 10.74
ICICI Bank Ltd 9.84
Performance(%ge) Value of 1 cr. Invested HDFC Life Insurance Company Ltd 7.55
Value Value Kotak Mahindra Bank Ltd 7.01
Period Nifty 50 Nifty 50
Strategy Strategy Ipca Laboratories Ltd 5.74
1 Month 14.93 14.68 1.15 1.15
Dr. Reddy’s Laboratories Ltd 5.56
3 Months -20.43 -17.57 0.80 0.82
Bharat Petroleum Corporation Ltd 4.25
6 Months -17.13 -16.99 0.83 0.83
Larsen & Toubro Ltd 4.17
1 Year -8.43 -16.07 0.92 0.84 Maruti Suzuki India Ltd 3.50
2 Years -5.04 -4.18 0.90 0.92
3 Years 0.50 1.95 1.02 1.06 Top 5 sectors
Sector Name (%) of Market value
4 Years 4.96 5.87 1.21 1.26 Banks 32.54
5 Years 3.41 3.80 1.18 1.20 Other Services 21.45
7 Years 10.90 7.53 2.06 1.66 Pharmaceuticals 13.88
10 Years 9.40 6.45 2.46 1.87 Auto & Auto Ancillaries 7.41
Oil & Gas 6.88
Since Inception 20.38 14.23 23.90 9.74
Source: MOAMC | Data as on 30th April 2020
MOAMC Next Trillion Dollar Opportunity Strategy (NTDOP)
• The strategy aims to deliver superior returns by investing in stocks
Inception Date Benchmark Fund Manager
from sectors that can benefit from the Next Trillion Dollar GDP
growth by focusing on different multi-cap stocks.
5-Dec-07 NIFTY 500 Index Manish Sonthalia
• Themes: CONSUMPTION | BANKING & FINANCIAL SERVICES |
Portfolio (Top 10 Stocks)
INFRASTRUCTURE & RELATED SERVICES.
Scrip Name (%) of Market value
• 12+ years track record with consistent outperformance over
benchmark (10 out of 12 CYs) Kotak Mahindra Bank Ltd 13.32
Voltas Ltd 9.80
• The portfolio consist of 24 stocks. Page Industries Ltd 8.25
• It aims to generate long term capital appreciation by creating a Inception Date Benchmark Fund Manager
focused portfolio of high growth stocks having the potential to
grow more than the nominal GDP for next 5-7 years across and Nifty Smallcap 100
15-Feb-10 Manish Sonthalia
Index
which are available at reasonable market prices.
Portfolio (Top 10 Stocks)
• Focus Theme for Next Five year: REVIVAL IN CAPEX CYCLE | MAKE
IN INDIA | THIRD TRILLION DOLLAR OPPORTUNITIES. Scrip Name (%) of Market value
Alkem Laboratories Ltd 10.01
• The Strategy at present has a concentration in 23 stocks.
Mahanagar Gas Ltd 8.27
AU Small Finance Bank Ltd 7.99
Performance(%ge) Value of 1 cr. Invested Aegis Logistics Ltd 7.86
Nifty Small Nifty Small Dr. Lal Pathlabs Ltd 7.44
Period IOP (EI) IOP (EI)
cap 100 cap 100
TTK Prestige Ltd 7.35
1 Month 10.13 13.44 1.10 1.13
Birla Corporation Ltd 6.54
3 Months -31.03 -34.50 0.69 0.66
DCB Bank Ltd 5.97
6 Months -21.96 -29.02 0.78 0.71
Can Fin Homes Ltd 5.89
1 Year -27.89 -36.95 0.72 0.63
Gabriel India Ltd 5.13
2 Years -21.96 -30.28 0.61 0.49
3 Years -14.27 -18.17 0.63 0.55 Top 5 sectors
Sector Name (%) of Market value
4 Years 1.10 -5.90 1.04 0.78
Oil and Gas 16.13
5 Years 0.54 -5.68 1.03 0.75 NBFC 14.41
7 Years 7.63 3.41 1.67 1.26 Consumer Durable 12.25
10 Years 6.33 0.80 1.85 1.08 Pharmaceuticals 10.01
Since Inception 7.66 1.59 2.12 1.17 Cement & Infrastructure 7.76
Source: MOAMC | Data as on 30th April 2020
MOAMC India Opportunity Portfolio (IOP) (Prospective Investors)
• It aims to generate long term capital appreciation by creating a Inception Date Benchmark Fund Manager
focused portfolio of high growth stocks having the potential to
grow more than the nominal GDP for next 5-7 years across and Nifty Smallcap 100
15-Feb-10 Manish Sonthalia
Index
which are available at reasonable market prices.
Portfolio (Top 10 Stocks)
• Focus Theme for Next Five year: REVIVAL IN CAPEX CYCLE | MAKE
IN INDIA | THIRD TRILLION DOLLAR OPPORTUNITIES. Scrip Name (%) of Market value
ICICI Securities Ltd 12.42
• The Strategy at present has a concentration in 21 stocks.
Alkem Laboratories Ltd 9.66
Mahanagar Gas Ltd 8.03
Performance(%ge) Value of 1 cr. Invested Dr. Lal Pathlabs Ltd 7.54
Nifty Small Nifty Small TTK Prestige Ltd 7.24
Period IOP (PI) IOP (PI)
cap 100 cap 100
ITC Ltd 6.57
1 Month 12.24 13.44 1.12 1.13
Birla Corporation Ltd 6.37
3 Months -27.15 -34.50 0.73 0.66
DCB Bank Ltd 5.81
6 Months -16.86 -29.02 0.83 0.71
Can Fin Homes Ltd 5.72
1 Year -22.26 -36.95 0.78 0.63
ICICI Bank Ltd 5.33
2 Years -18.98 -30.28 0.66 0.49
3 Years -12.10 -18.17 0.68 0.55 Top 5 sectors
Sector Name (%) of Market value
4 Years 3.02 -5.90 1.13 0.78
Capital Markets 12.42
5 Years 2.06 -5.68 1.11 0.75 Consumer Durable 12.00
7 Years 8.79 3.41 1.80 1.26 Banks 11.13
10 Years 7.13 0.80 1.99 1.08 Pharmaceuticals 9.66
Since Inception 8.46 1.59 2.29 1.17 FMCG 9.32
Source: MOAMC | Data as on 30th April 2020
MOAMC India Opportunity Portfolio V2 (IOP V2)
• It aims to generate long term capital appreciation by creating a Inception Date Benchmark Fund Manager
focused portfolio of high growth stocks having the potential to grow Nifty Smallcap 100
more than the nominal GDP for the next 5-7 years across and which 5-Feb-18 Manish Sonthalia
Index
are available at reasonable market prices.
Portfolio (Top 10 Stocks)
• Identification of companies in their early stages Scrip Name
(%) of Market
value
• Four basic themes- AFFORDABLE HOUSING | MARKET SHARE GAIN Ipca Laboratories Ltd 10.38
BY NBFCS & PRIVATE SECTOR BANKS FROM PSU BANKS | GROWTH Reliance Industries Ltd 9.94
IN RURAL ECONOMY | SHIFT FROM UNORGANIZED TO ORGANIZED Larsen & Toubro Infotech Ltd 8.68
SECTOR. Godrej Agrovet Ltd 7.20
• The Strategy at present has a concentration in 21 stocks. Bajaj Electricals Ltd 6.45
Cholamandalam Investment & Finance
6.18
Company Ltd
Performance(%ge) Value of 1 cr. Invested Avanti Feeds Ltd 5.73
Nifty Small Nifty Small Central Depository Services (India) Ltd 5.25
Period IOP V2 IOP V2
cap 100 cap 100 ICICI Securities Ltd 4.83
1 Month 16.28 13.44 1.16 1.13 Bata India Ltd 4.69
3 Months -26.49 -34.50 0.74 0.66 Top 5 sectors
Sector Name (%) of Market value
6 Months -18.63 -29.02 0.81 0.71 Capital Markets 13.76
1 Year -24.89 -36.95 0.75 0.63 Agriculture 12.93
Electricals & Electronics 12.67
2 Years -22.49 -30.28 0.60 0.49
Pharmaceuticals 11.27
Since Inception -16.04 -27.31 0.68 0.49 Infotech 10.60
Source: MOAMC | Data as on 30th April 2020
MOAMC Business Opportunities Portfolio (BOP)
• The portfolio will invest in a high conviction concentrated portfolio. Inception Date Benchmark Fund Manager
• It will be constructed based on in-depth research leading to bottom- 16-Jan-18 Nifty 500 Index Manish Sonthalia
up stock picking with a view of equities from 3-4 years perspective.
Portfolio (Top 10 Stocks)
• Five basic themes- AFFORDABLE HOUSING | MARKET SHARE GAIN
Scrip Name (%) of Market value
BY NBFCS & PRIVATE SECTOR BANKS FROM PSU BANKS | RISE IN
CONSUMER DISCRETIONARY | AGRICULTURE & GST BENEFICIARIES. HDFC Bank Ltd 10.68
Max Financial Services Ltd 10.15
• The Strategy at present has a concentration in 19 stocks.
Kotak Mahindra Bank Ltd 8.77
Bata India Ltd 8.05
ICICI Bank Ltd 7.71
Britannia Industries Ltd 5.47
Performance(%ge) Value of 1 cr. Invested Eicher Motors Ltd 4.66
Godrej Agrovet Ltd 4.41
Period BOP Nifty 500 BOP Nifty 500 Hindustan Unilever Ltd 4.38
1 Month 10.92 14.52 1.11 1.15 Asian Paints Ltd 4.29
3 Months -19.26 -18.75 0.81 0.81 Top 5 sectors
6 Months -18.62 -17.30 0.81 0.83 Sector Name (%) of Market value
Banks 27.16
1 Year -6.64 -17.09 0.93 0.83 FMCG 19.52
2 Years -5.14 -8.14 0.90 0.84 Other Services 13.42
Retail 10.95
Since Inception -3.18 -7.65 0.93 0.83
Auto & Auto Ancillaries 8.47
Source: MOAMC | Data as on 30th April 2020
Motilal Oswal Dynamic Allocation PMS
• Identifies businesses with competitive advantage that are Inception Date Benchmark Fund Manager
significantly sized (min. INR 100cr of PBT).
BSE 500 Index
25-Jan-10 Sumit Jain
• The quality of business seeks over 20% compounded growth from Nifty 50 Index
each of them with an ROCE of over 25%.
Portfolio (Top 10 Stocks)
• Identifying companies with a minimum 25% stake to ensure skin in Scrip Name (%) of Market value
the game & should be at reasonable discount to value to make
money as EPS compounds P I Industries Ltd 8.44
Divis Laboratories Ltd 7.70
• The strategy comprises of 18 stocks. Britannia Industries Ltd 7.27
Performance(%ge) Value of 1 cr. Invested Dabur India Ltd 7.22
Period ASK IEP BSE 500 ASK IEP BSE 500 Pidilite Industries Ltd 7.14
Asian Paints Ltd 6.85
1 Month 11.06 14.62 1.11 1.15
Kotak Mahindra Bank Ltd 6.07
3 Months -18.66 -18.71 0.81 0.81
Havells India Ltd 5.69
6 Months -15.06 -17.33 0.85 0.83
Shree Cement Ltd 5.25
1 Year -8.61 -16.82 0.91 0.83
Bajaj Finance Ltd 5.24
2 Years -3.56 -8.05 0.93 0.85
3 Years 3.38 -0.67 1.10 0.98 Top 5 sectors
4 Years 8.54 5.14 1.39 1.22 Sector Name (%) of Market value
FMCG 14.48
5 Years 7.42 3.52 1.43 1.19
Building Products 12.03
7 Years 17.42 8.07 3.08 1.72 NBFC 8.63
10 Years 15.66 6.09 4.28 1.81 Banks 8.62
Since Inception 15.89 6.48 4.55 1.91 Retail 8.61
Source: ASK IM | Data as on 30th April 2020
ASK India Vision Portfolio
• ASK India Vision Portfolio is a Discretionary Equity PMS. Inception Date Benchmark Fund Manager
• It aims to build a portfolio of businesses representing quality and
superior long-term compounding potential, across market 20-Nov-2019 BSE 500 Index Kuldeep Gangwar
capitalizations.
Portfolio (Top 10 Stocks)
• Business with ROCE over 25% and earnings growth above 20%.
Scrip Name (%) of Market value
• Businesses benefitting from Value Migration (example Ownership
Migration; PSU banks losing market share to Private Sector Banks; shift Abbott India Ltd 8.14
from Unorganised to Organised) Aarti Industries Ltd 6.57
• 3 main drivers for compounding wealth: Quality, Valuation & Time. Nestle India Ltd 6.19
Britannia Industries Ltd 5.83
• Key Beneficiaries of the economic shift in India: Financial, FMCG, &
Consumer Discretionary. Divi’s Laboratories Ltd 5.75
Berger Paints India Ltd 5.70
• It comprises of 21 stocks.
ICICI Lombard General Insurance Co
5.70
Ltd
Dabur India Ltd 5.53
Pidilite Industries Ltd 5.27
Performance(%ge) Value of 1 cr. Invested
HDFC Bank Ltd 4.87
• Focus on mean reversion & value style. Inception Date Benchmark Fund Manager
• Catalyst for investing – Cyclical recovery, earning recovery and 28- Aug-17 S&P BSE 500 Amit Nigam
Under owned to Value style. Portfolio (Top 10 Stocks)
• D: Demand recovery across cyclical & consumer discretionary Scrip Name (%) of Market value
sectors || A: Attractive valuation to provide Margin of Safety
|| W: Winning companies on the cusp of a new demand cycle ICICI Bank Ltd 9.32
leading to operating & financial leverage efficiencies || N: Reliance Industries Ltd 6.81
New credit & investment cycle to provide a boost to earnings
recovery Infosys Ltd 6.40
Bharti Airtel Ltd 6.35
• Focused portfolio approach and currently has 24 stocks.
Apollo Hospitals Enterprises Ltd 5.22
United Spirits Ltd 4.92
Axis Bank Ltd 4.90
Performance(%ge) Value of 1 cr. Invested Tech Mahindra Ltd 4.85
Cipla Ltd 4.60
Period DAWN BSE 500 DAWN BSE 500
Exide Industries Ltd 4.37
1 Month 14.77 14.62 1.15 1.15
Top 5 sectors
3 Months -19.53 -18.71 0.80 0.81
Sector Name (%) of Market value
6 Months -15.34 -17.33 0.85 0.83
Financials 19.69
1 Year -14.15 -16.82 0.86 0.83 Consumer Discretionary 12.19
2 Years -6.21 -8.05 0.88 0.85 Industrials 11.62
Information Technology 11.25
Since Inception -2.08 -2.51 0.95 0.93
Energy 10.75
• Sustainable Quality Growth at Reasonable Price (SQGARP). Inception Date Benchmark Fund Manager
• The fund invests into midcap companies that can become large caps 01-Jan-18
Nifty Free Float
Pawan Parakh
in the future. Midcap 100
Portfolio (Top 10 Stocks)
• Focused on companies with business leadership and it is a low
mortality portfolio. Scrip Name (%) of Market value
• Sustainable Quality Growth at Reasonable Price (SQGARP). Inception Date Benchmark Fund Manager
• A concentrated portfolio that invests in companies across 01-Jan-18 Nifty 200 Pawan Parakh
businesses which are at different states of their business lifecycles
capable of delivering sustainable, market-leading growth and are Portfolio (Top 10 Stocks)
at a reasonable prices.
Scrip Name (%) of Market value
• Comprises of 14 stocks. Reliance Industries Ltd 10.43
ICICI Bank Ltd 8.98
Tata Consumers Products Ltd 8.71
State Bank of India Ltd 7.23
Jan-09
Mar-04
Mar-05
Jan-10
(~13 years)
(~17 years)
Mar-06
Jan-11 Mar-07
Mar-08
Jan-12
Mar-09
Jan-13
Mar-10
NTDOP
Value
Jan-14 Mar-11
Mar-12
Jan-15
Mar-13
Performance Track Record 1/4
Jan-16 Mar-14
NIFTY 50
NIFTY 500
Jan-10 Feb-10
Jul-10 Jul-10
Jan-11 Dec-10
May-11
Jul-11
Oct-11
Jan-12 Mar-12
Jul-12 Aug-12
2010 (~10 years)
Jan-13
Nov-13
Jan-14
IOP
Apr-14
Jul-14 Sep-14
Jan-15 Feb-15
Jul-15 Jul-15
NIFTY 50
Dec-15
Jan-16
May-16
Jul-16
Oct-16
Jan-17 Mar-17
Jul-17 Aug-17
BSE 500
NIFTY Smallcap 100
Jan-18 Jan-18
Jun-18
Jul-18
Nov-18
Jan-19
2.13x in IOP PMS vs 1.18x in NIFTY Small Cap 100 since Feb
Apr-19
Jul-19 Sep-19
Jan-20 Feb-20
4.55x in ASK IEP PMS vs 1.91x in BSE 500 & 1.97x in NIFTY 50 since
Performance Track Record 2/4
Maximum Minimum Average
Maximum Minimum Average
120%
200%
100%
150% 80%
100% 60%
40%
50% 20%
0% 0%
-20%
-50% -40%
-100% -60%
1 year 3 years 5 years 1 year 3 years 5 years 1 year 3 years 5 years 1 year 3 years 5 years
Value PMS Nifty 50 IOP Nifty Small Cap 100
Maximum 175% 82% 52% 105% 59% 41% Maximum 96% 43% 30% 101% 34% 25%
Minimum -48% -6% -3% -56% -12% -6% Minimum -39% -22% -4% -48% -21% -10%
Average 17% 14% 15% 14% 11% 11% Average 6% 15% 17% 25% -10% 12%
200% 100%
80%
150%
60%
100% 40%
50% 20%
0%
0%
-20%
-50% -40%
-100% -60%
1 year 3 years 5 years 1 year 3 years 5 years 1 year 3 years 5 years 1 year 3 years 5 years
NTDOP Nifty 500 ASK IEP BSE 500
Maximum 141% 50% 36% 116% 29% 21% Maximum 85% 40% 30% 58% 23% 20%
Minimum -57% -7% 2% -60% -7% -3% Minimum -23% -1% 3% -34% -7% -2%
Average 17% 21% 27% 21% -3% 11% Average 16% 17% 24% 7% 12% 12%
VALUE NIFTY 50 IOP NIFTY Smallcap 100 NTDOP NIFTY 500 ASK IEP BSE 500
CY-07 52% 55% -- -- CY-07 1% 5% -- --
CY-08 -44% -52% -- -- CY-08 -54% -57% -- --
CY-09 74% 76% -- -- CY-09 110% 89% -- --
CY-10 20% 18% 28% 18% CY-10 23% 14% 29% 19%
Calendar Y-O-Y Performance
Calendar Y-O-Y Performance
CY-11 -12% -25% -25% -34% CY-11 -19% -27% -13% -27%
CY-12 23% 28% 36% 37% CY-12 57% 32% 30% 31%
CY-13 3% 7% 2% -8% CY-13 18% 4% 22% 3%
CY-14 58% 31% 48% 55% CY-14 78% 38% 70% 37%
CY-15 0% -4% 5% 7% CY-15 16% -1% 8% -1%
CY-16 2% 3% 26% 2% CY-16 13% 4% 6% 4%
CY-17 30% 29% 52% 57% CY-17 43% 36% 37% 36%
CY-18 -5% 3% -27% -29% CY-18 -6% -3% 2% -3%
CY-19 21% 12% -6% -10% CY-19 5% 8% 12% 8%
CY-20# -21% -19% -22% -30% CY-20 -21% -19% -16% -19%
Source: Respective AMC s| Data as on 30th April 2020 |*FY-21 (Apr-) #CY20 (Jan-Apr)
Performance Track Record 4/4
VALUE NIFTY 50 IOP NIFTY Smallcap 100 NTDOP NIFTY 500 ASK IEP BSE 500
Q4FY17 14% 12% 20% 21% Q4FY17 17% 14% 14% 14%
Q1FY18 3% 4% 13% 5% Q1FY18 6% 4% 6% 4%
Q2FY18 4% 3% -1% 4% Q2FY18 5% 3% 5% 3%
VALUE NIFTY 50 IOP NIFTY Smallcap 100 NTDOP NIFTY 500 ASK IEP BSE 500
Apr-19 1% 1% -2% -3% Apr-19 -1% 0% 0% 0%
May-19 4% 1% 3% 1% May-19 1% 1% 2% 1%
Jun-19 -1% -1% -5% -5% Jun-19 -1% -2% -2% -1%
M-O-M Performance
M-O-M Performance
6.07
9.81
5.9 9.72
5.82 9.66 9.66
9.54 9.57 9.59
5.67 9.51
5.65 5.65 9.41 9.41
5.54 5.54 9.32
5.46
5.34
5.27
9.06% 8.21%
7.64%
6.22%
3.90% 4.05% 3.90%
2.87%
-5.66%
-9.24%
3 Years
3 Years
3 Years
3 Years
3 Years
1 year
1 year
1 year
1 year
1 year
5 years
5 years
5 years
5 years
5 years
Value NTDOP IOP Alchemy High Growth ASK IEP
12.06%
11.27%
10.39% 10.45%
4.47% 4.98%
1.99% 2.67%
0.43%
-1.32%
-4.38%
-5.60%
-7.08% -7.09% -7.16%
6 months 1 year SI 6 months 1 year SI 6 months 1 year SI 6 months 1 year SI 6 months 1 year SI
IOP V2 BOP DAWN Ren. Midcap Ren. Opportunities
o Fee Schedule
Peer group comparison 1/2
6 1 3 5 6 1 3 5
Scheme Name2 Scheme Name
Months Year Years Years Months Year Years Years
Aditya Birla SL Focused Equity Fund -14.54 -12.95 -0.07 4.43 Aditya Birla SL Equity Fund -15.55 -15.19 -1.17 5.57
JM Large Cap Fund -5.49 -4.63 2.56 3.15 JM Multicap Fund -17.87 -8.77 0.46 6.27
Kotak Bluechip Fund -15.55 -12.04 0.91 4.31 JM Value Fund -20.36 -16.05 -3.08 4.94
Mirae Asset Large Cap Fund -16.13 -13.96 2.66 7.07 Kotak Standard Multicap Fund -16.89 -14.65 0.40 6.55
Motilal Oswal Focused 25 Fund -11.35 -2.44 2.63 6.27 L&T India Value Fund -18.41 -19.46 -5.38 4.28
6 1 3 5 6 1 3 5
Scheme Name Scheme Name
Months Year Years Years Months Year Years Years
Aditya Birla SL Midcap Fund -20.06 -24.39 -9.73 0.80 Aditya Birla SL Equity Fund -15.55 -15.19 -1.17 5.57
Franklin India Prima Fund -18.33 -18.06 -4.56 3.79 ICICI Pru Multicap Fund -19.51 -20.39 -2.92 3.62
Kotak Emerging Equity Scheme -14.29 -12.49 -2.84 5.80 JM Core 11 Fund -17.87 -8.77 0.46 6.27
SBI Small Cap Fund -14.15 -11.41 1.96 9.02 Motilal Oswal Multicap 35 Fund -19.33 -15.55 -2.45 6.11
Sundaram Mid Cap Fund Nippon Multi Cap Fund -25.66 -27.75 -4.81 -0.36
-21.92 -27.55 -14.38 -2.67
Sundaram Large and Mid Cap Fund -22.07 -17.10 -0.17 5.24
Category Avg -17.36 -20.39 -8.11 1.68
Category Avg -16.04 -14.57 -1.64 3.90
Nifty Smallcap 100 -28.80 -36.95 -18.13 -5.67
BSE 500 -16.95 -16.82 -0.67 3.52
IOP Strategy -21.96 -27.89 -14.27 0.54 ASK IEP -15.06 -8.61 3.38 7.42
Data as on 30th April 2020| Source: ACE MF, ASK IM, MOAMC
Stock Universe of our PMS offerings
• Duplication of stocks are limited across our offerings. Stock Universe No. of Stocks
• Concentrated portfolio with 15 to 25 stocks ideas. Universe of Stocks 222
• Exposure to companies in line with investment theme. Unique no. of Stocks 79
Stocks common 58
Strategies Ren.
ASK IEP ASK India Invesco NTDOP Ren. Opp Value PMS
(Total No. BOP (19) IOP EI (23) IOP NI (21) IOP V2 (21) Midcap
(19) Vision (21) DAWN (25) (25) PMS (15) (22)
of stocks) PMS (21)
ASK IEP
5 (26%) 11 (60%) 4 (24%) 0 (0%) 1 (3%) 0 (0%) 1 (3%) 2 (11%) 0 (0%) 1 (6%) 3 (14%)
(19)
ASK India
11 (47%) 9 (47%) 3 (15%) 0 (0%) 1 (2%) 0 (0%) 1 (3%) 1 (3%) 0 (0%) 1 (5%) 3 (11%)
Vision (21)
BOP (19) 4(21%) 3 (18%) 2(6%) 3 (15%) 2 (8%) 4 (20%) 3 (17%) 6 (39%) 0 (0%) 4 (31%) 7 (49%)
Invesco
0 (0%) 0 (0%) 3 (17%) 14 (47%) 0 (0%) 1 (9%) 1 (7%) 3 (17%) 1 (2%) 4 (23%) 4 (25%)
DAWN (25)
IOP EI (23) 1 (8%) 1 (8%) 2 (7%) 0 (0%) 2 (5%) 19 (79%) 1 (2%) 4 (23%) 1 (6%) 0 (0%) 2 (10%)
IOP NI (21) 0 (0%) 0 (0%) 4 (20%) 1 (5%) 19 (88%) 0 (0%) 1 (12%) 4 (21%) 1 (6%) 2 (12%) 3 (14%)
IOP V2 (21) 1 (6%) 1 (6%) 3 (21%) 1 (10%) 1 (5%) 1 (5%) 14 (48%) 1 (10%) 0 (0%) 1 (10%) 1 (10%)
NTDOP
2 (22%) 1 (8%) 6 (37%) 3 (12%) 4 (14%) 4 (18%) 1 (7%) 11 (35%) 1 (2%) 2 (20%) 5 (35%)
(25)
Ren.
Midcap 0 (0%) 0 (0%) 0 (0%) 1 (5%) 1 (5%) 1 (5%) 0 (0%) 1 (6%) 12 (51%) 5 (25%) 0 (0%)
(21)
Ren. Opp.
1 (5%) 1 (5%) 4 (24%) 4 (33%) 0 (0%) 2 (14%) 1 (10%) 2 (14%) 5 (32%) 2 (12%) 5 (31%)
(15)
Value PMS
3 (12%) 3 (16%) 7 (51%) 4 (20%) 2 (3%) 3 (14%) 1 (6%) 5 (35%) 0 (0%) 5 (34%) 8 (25%)
(22)
Note : Unique stocks & allocation mentioned in highlighted cells
Source: Respective AMCs| Data as on 30th April 2020
Portfolio Market Cap Style
Source: Capital Line | Data as on 30th April 2020 | Weighted average market cap capitalization | Market Capitalization as per SEBI categorization
Large Cap: 1st to 100th company | Mid Cap: 101st to 250th company | Small Cap: 250 onward
Risk Return analysis
Data as on 30th April 2020. Risk free rate has been taken as 7%.
Fees Schedule
Alchemy Capital
MOAMC PMS ASK IM INVESCO AMC Renaissance IM Marcellus IM
Fee Management
Schedule Variable Variable Variable Variable Variable
Fixed Fees Fixed Fees Fixed Fees Fixed Fees Fixed Fees Fixed Fees Hybrid
Fees Fees Fees Fees Fees
Manageme
2.50% 1.50% 2.50% 2.50% 1.25% 2.50% 1.75% 2.50% 1.50% 2.00% - 1.00%
nt Fees
Custodian
0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.055% 0.055% 0.02% 0.02% 0.02%
Fees
<1yr- 3% <1yr- 3% <1yr- 3% <1yr- 3% <1yr- 3% <1yr- 3% <1yr- 3% <1yr-3% <1yr-3%
<2yr-2% <2yr-2% <2yr-2% <2yr-2% <2yr-2% <2yr-2% <2yr-2% <2yr-2% <2yr-2%
Exit Load - - -
<3yrs- 1% <3yrs- 1% <3yrs- 1% >2yrs- NIL >2yrs- NIL <3yrs- 1% <3yrs- 1% <3yr-1% <3yr-1%
>3yrs- NIL >3yrs- NIL >3yrs- NIL >3yrs- NIL >3yrs- NIL >3yrs- NIL >3yrs- NIL
If profit If Profit If Profit If Profit
<15%; <10%, Nil <10%, Nil <10%, Nil
15% profit 15% profit
share share above
15% profit
above 10% 10% and 20% profit
share
PA on below 15% share
Performan above 12%
HWM* PA profit 15% per 15% of above 8%
ce Base NA NA NA NA NA (without
If profit annum return (without
Fees catch-up)
>=15%; (with high above 10% catch-up)
20% profit HWM*
20% profit watermark) PA HWM HWM*
share above
share
15.01% PA
above 10%
profit
PA on
HWM*
Depository
Charges
Brokerage
As applicable at actual
Other
Statutory
levies
Note: All the returns mentioned in previous slides is post management expenses.
Source: Respective AMCs *HWM- Higher Water Mark
Thank You !
Motilal Oswal Financial Services Limited (MOFSL) *Member of NSE, BSE, MCX, NCDEX CIN No.: L67190MH2005PLC153397
Registered Office Address: Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi,
Mumbai-400025; Tel No.: 022-71934263; Website www.motilaloswal.com. Correspondence Office Address: Palm
Spring Centre, 2nd Floor, Palm Court Complex, New Link Road, Malad (West), Mumbai- 400 064. Tel No: 022 7188 1000.
Registration Nos.: Motilal Oswal Financial Services Limited (MOFSL)*: INZ000158836. (BSE/NSE/MCX/NCDEX); CDSL and
NSDL: IN-DP-16-2015; Research Analyst: INH000000412. AMFI: ARN - 146822; Investment Adviser: INA000007100;
Insurance Corporate Agent: CA0579. Motilal Oswal Asset Management Company Ltd. (MOAMC): PMS (Registration No.:
INP000000670); PMS and Mutual Funds are offered through MOAMC which is group company of MOFSL. Motilal Oswal
Wealth Management Ltd. (MOWML): PMS (Registration No.: INP000004409) is offered through MOWML, which is a
group company of MOFSL. • Motilal Oswal Financial Services Limited is a distributor of Mutual Funds, PMS, Fixed
Deposit, Bond, NCDs, Insurance Products and IPOs. • Real Estate is offered through Motilal Oswal Real Estate
Investment Advisors II Pvt. Ltd. which is a group company of MOFSL. • Private Equity is offered through Motilal Oswal
Private Equity Investment Advisors Pvt. Ltd which is a group company of MOFSL. • Research & Advisory services is
backed by proper research. Please read the Risk Disclosure Document prescribed by the Stock Exchanges carefully
before investing. There is no assurance or guarantee of the returns. PMS is not offered in Commodity Derivatives
segment. Details of Compliance Officer: Name: Neeraj Agarwal, Email ID: na@motilaloswal.com, Contact No.:022-
71881085. *MOSL has been amalgamated with Motilal Oswal Financial Services Limited (MOFSL) w.e.f August 21, 2018
pursuant to order dated July 30, 2018 issued by Hon'ble National Company Law Tribunal, Mumbai Bench. Customer
having any query/feedback/ clarification may write to query@motilaloswal.com. In case of grievances for Securities
Broking write to grievances@motilaloswal.com, for DP to dpgrievances@motilaloswal.com
Investment in securities market are subject to market risks, read all the related documents carefully before investing.
Awards & Accolades