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AIF Key Highlights

Particulars
Quest Flagship Fund I
Quest Smart Alpha – Sector Rotation
Type
CAT III AIF
CAT III AIF
Overview
A multicap approach to achieve long term capital appreciation and dividends through a reasonably concentrated portfolio not exceeding 20 companies
A Multi-cap sector agnostic fund seeking to benefit from the Sector and Stock Rotation strategy in Indian Equity Markets
Investment Strategy
To identify under-researched Investee Companies whose intrinsic value is not fully reflected in the market price or look for fundamentally sound Investee Companies that are likely to come out / coming out of relatively slower growth / lower margin phase versus their long period averages and are likely to move / moving into a higher growth/margin trajectory
Please click here ‘Objectives – Smart Alpha’
Highlights
Market cap agnostic, with max of 20 companies
Please click here ‘Highlights – Smart Alpha’
Inception date
27-Dec-18
31-Aug-2022
Tenure
5 Years
4 Years, extendable by 2 years
Subscription status
Closed for subscription
Open for subscription
Benchmark
NSE 500
NSE 500
“Performance – Since Inception * (As on 31 Aug 2022)”
16.83%
Fund is currently raising commitments.

* Unuadited performance; on annualized basis for period exceeding 1 year

Objectives - Smart Alpha

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

1
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

2
NO. OF SECTORAL THEMES

At any point a max of Four sectoral Themes would be in the portfolio

3
NO. OF STOCKS

Around 3 – 5 stocks per sector / theme at any point of time. Around 15-20 stocks at portfolio level

4
MCap ALLOCATION

Mulitcap portfolio with no bias towards any cap curve. Opportunities will derive the cap curve allocation.

5
CASH CALL

The fund can go upto 50% cash levels if the fund manager’s view is of extreme weakness in the market

6
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.