To achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies by investing with a focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles. However, there can be no assurance that the investment objective of the scheme will be realized.
The Investment strategy would be Active in nature, the Scheme will aim to provide long-term capital appreciation by investing predominantly in equity and equity related securities with focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles. Business cycles are generally understood in economics to cover the journey of periods of expansion and contraction in business and commercial activity. Business cycles vary in terms of reasons and details and timing and extent, but the ups and downs occur regularly. Each business cycle comprising of upcycle and down cycle typically has 4 phases. Expansion - Rising growth, Peak - Growth stabilizes at a high level, Contraction - Declining /slowing growth and Slump - Phase of weak/no growth. Different sectors can have different performances across time frames, relative to the benchmark. The scheme would aim to take active allocation preferring leading sectors (sectors expected to outperform the broader market) based on the stage of the business cycle in the economy. As a result, the portfolio may be absent from certain sectors from time to time. While doing portfolio construction, the Scheme would follow a blend of top-down approach to identify stages of business cycles, sector opportunities and bottom-up approach to identify strong companies within those sectors. The portfolio will essentially follow MOAMC`s QGLP philosophy; following Hi-Quality Hi-Growth Investing and invest in Quality businesses with high growth potential and with sufficient Longevity of that growth potential at an acceptable Price. The portfolio strategy shall be benchmark agnostic. The fund will generally practice a focused, high-conviction active portfolio strategy. It will typically select companies across market capitalization i.e., large cap, mid cap and small cap. A portion of the scheme may also be invested in IPOs and other primary market offerings that meet the Scheme`s investment criteria based on the asset allocation . The AMC will endeavor to meet the investment objective of the Scheme while maintaining a balance between safety, liquidity and return on investments.
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