"Confronted with a challenge to distill the secret of sound investment into three words, we venture the following motto, MARGIN OF SAFETY"
-BEN GRAHAM, THE INTELLIGENT INVESTOR, 1949.
Prosperity Discovery Fund
Fund Overview
We invest in 20 - 25 publicly listed companies, with a minimum allocation of 3% and maximum allocation of 10% per company.
Maximum sector holding in any one sector is limited to 25% of the total portfolio at cost.
This is a multicap fund investing in companies across small, mid and large market capitalisations.
The benchmark is an index of BSE 500 (TRI).
The fund is underpinned by a value investing framework & growth at a reasonable price philosophy.
Objective of the fund is wealth creation for investors by delivering superior risk-adjusted returns.
Recommended investment horizon is 3 to 5 years
Minimum Investment is INR 50,00,000 for Indian citizens.
Investment Philosophy
Investing in companies demonstrating a sustainable growth in top and bottom lines, strong balance sheet, low debt & a durable moat (sustainable competitive advantage) around the business.
Entry at bargain prices due to overcompensation of the markets to adverse events, undiscovered business value or a turn-around story.
Exit when the company reaches a fair valuation or if there is a change in the initial investment thesis.
Investment in businesses run by ethical & competent professionals.
Capital deployed between a duration of 1 to 3 months.
This fund is suitable for equity investors with prior experience of investing in the stock markets and have a long term investment horizon.
To understand if this fund is suitable for you, please fill the risk assessment questionnaire by clicking the link below:
www.pwm-india.com/riskassessment.