Our investment objective is to achieve absolute performance through bottom-up, fundamental research. We have a balanced portfolio of select companies agnostic to the benchmark. Our focus is on ensuring that alpha generation is purely a function of stock selection. We aim to consciously avoid market timing or sector rotation or other such top-down bets.

We believe that the most fundamental risk is not knowing or fully understanding the idiosyncratic business risk of each company that we own in the portfolio. We manage this risk through in-depth fundamental research. We also strive to understand, monitor, and aim to contain residual factor risks that are a by-product of stock selection.

While the manager seeks to design a portfolio which reflects appropriate risk and return features, portfolio characteristics may deviate from those of the benchmark. The strategy is not designed to track its reference benchmark. Therefore, the performance of the strategy and the performance of its reference benchmark may diverge.