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-2018
| 10-May-2022 |
Tenure | 5 Years | 4 Years, extendable by 2 years |
Subscription status
| Closed for subscription
| Closed for subscription
|
Benchmark | NSE 500
| NSE 500
|
Performance – Since Inception *
(As on 31st March 2023)
| 10.86%
| 3.40%
|
* 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
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.