"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
Prosperity Discovery Fund invests in 15 – 20 Business Opportunities.
Multi Cap fund underpinned by Value investing framework & Growth at reasonable prices philosophy.
Objective of the fund is wealth creation for the investor by delivering superior risk-adjusted returns.
Maximum Sector holding in any one sector is limited to 30% of the portfolio.
Maximum allocation per company is limited to 15% of the portfolio.
Benchmark is Nifty500.
Recommended investment horizon 3-5 years
Minimum Investment INR 50,00,000 for Indian citizens.
Investing in companies demonstrating 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 fair valuation or if there is a change in the initial investment thesis.
Investment in businesses run by highly ethical & competent professionals.
Capital deployed between a duration of 3 to 4 months.
This fund is suitable for aggressive equity investors with prior experience of investing in the stock market. An ideal investor in this fund should have an appetite for risk and a long term investment horizon.