AIF Key Highlights
Particulars | Quest Smart Alpha – Rising Leaders | Quest Smart Alpha – Sector Rotation |
|---|---|---|
Type | CAT III AIF
| CAT III AIF
|
Overview | 100% Mid and Small Cap focussed portfolio, with stock selection on bottom up basis. | A Multi-cap sector agnostic fund seeking to benefit from the Sector and Stock Rotation strategy in Indian Equity Markets
|
Investment Strategy
| Please click here ‘Objectives – Smart Alpha Rising Leaders’ | Please click here ‘Objectives – Smart Alpha Sector Rotation’
|
Highlights | Please click here ‘Highlights – Smart Alpha Rising Leaders’
| Please click here ‘Highlights – Smart Alpha Sector Rotation’
|
Inception date | 28-Apr-2023
| 10-May-2022 |
Tenure | 4.5 years, extendable by 2 years | 4 Years, extendable by 2 years |
Subscription status
| Closed for subscription
| Closed for subscription
|
Benchmark | NSE MidSmallcap 400
| NSE 500
|
Performance – Since Inception * (As on 31st December 2023)
| Fund is currently raising commitments.
| 19.95%
|
* Unuadited performance; for Class A1, post taxes paid and on annualized basis for period exceeding 1 year
Objectives - Smart Alpha - Rising Leaders
Focus on quality mid and small cap companies
Bottoms up approach. Sector agnostic.
Don’t overpay for businesses; keep an eye on valuation
Be active in managing cash levels in portfolio taking advantage of sharp swings in market and valuations
Highlights - Smart Alpha - Rising Leaders
KEY STRATEGY
The fund would be focused on selecting Midcap and Smallcap companies where high growth is visible and meets our investment parameters
BOTTOMS UP SELECTION
The fund would follow a bottoms up approach with some overlay of favorable sectors taking into consideration the prevailing macros
NO. OF STOCKS
20-30 stock portfolio.
Floor market cap – 1000 Cr Ceiling market cap – Market cap of 100th stock as per AMFI category
Floor market cap – 1000 Cr Ceiling market cap – Market cap of 100th stock as per AMFI category
MARKET CAP ALLOCATION
Mid and small cap – 50-100%
Cash – 0-50%
CASH CALL
The fund can go upto 50% cash levels if the fund manager’s view is of extreme weakness in the market
ACTIVE vs PASSIVE
The fund would follow an active style of booking profits when valuations objectives are reached. Also would not buy more than 5% of free float of any company
Objectives - Smart Alpha - Sector Rotation
Focus on Sector Rotation actively
Follow company rotation within selected themes depending on risk reward framework
Look for policy changes and Macro developments which throw up new themes which benefit
Reduce or exit from companies when valuations reach the peak cycle multiples
Don’t overpay for businesses; keep an eye on valuation
Be active in managing cash levels in portfolio taking advantage of sharp swings in market
Highlights - Smart Alpha - Sector Rotation
KEY STRATEGY
The fund would be focused on Sector & Stock Rotation as key strategy trying to identify the right sectors & company at right time and have concentrated exposure in them
NO. OF SECTORAL THEMES
At any point a max of Four sectoral Themes would be in the portfolio
NO. OF STOCKS
Around 3 – 5 stocks per sector / theme at any point of time. Around 15-20 stocks at portfolio level
MCap ALLOCATION
Mulitcap portfolio with no bias towards any cap curve. Opportunities will derive the cap curve allocation.
CASH CALL
The fund can go upto 50% cash levels if the fund manager’s view is of extreme weakness in the market
ACTIVE vs PASSIVE
Active management with pure focus on themes playing out as per our expectation and shifting to next emerging theme within the tenure of the fund.