𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐒𝐭𝐚𝐤𝐞𝐬 

Financials – Shriram Finance, Kotak Mahindra Bank, Cholamandalam Investment 

Infra – Larsen & Toubro, Adani Ports 

Energy – HPCL, Power Grid Corp 

Capital Markets – 360 ONE WAM, MCX India 

Retail/EdTech – Physicswallah, Eternal Ltd 

Realty – The Phoenix Mills

𝐍𝐞𝐰 𝐄𝐧𝐭𝐫𝐢𝐞𝐬

•ICICI Prudential AMC (0.87%) ⭐

Direct play on SIP explosion + MF AUM growth

𝐄𝐱𝐢𝐭𝐬

•Interglobe Aviation (Indigo)

•Urban Company

𝐂𝐚𝐬𝐡/𝐋𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲: 0.92% TREPS

➕ 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐀𝐬𝐬𝐞𝐭 𝐀𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 (Dec 31, 2025)

•Equity & Equity Related: 99.33%

•TREPS/Reverse Repo: 0.92% 

•Net Receivables/(Payables): -0.25%

Total: 100% AUM ₹5,932 Crore

📈 𝐓𝐨𝐩 𝟏𝟎 𝐇𝐨𝐥𝐝𝐢𝐧𝐠𝐬 (% of Net Assets) – 46.87% Concentration

•HDFC Bank – 5.11% 

•Reliance Industries – 4.82%

•ICICI Bank – 4.58%

•Eternal Ltd – 3.55%

•Adani Ports & SEZ – 3.43%

•HPCL – 3.37%

•Paytm (One97 Comm.) – 3.14%

•Bharti Airtel – 3.03%

•Bajaj Finance – 2.51%

•Kotak Mahindra Bank – 2.50%

⚖️ 𝐊𝐞𝐲 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐢𝐧𝐠 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

•True Flexi Cap: Large 52% | Mid 28% | Small 18%

•Financials dominant: 32.93% (Banks + NBFCs + AMCs)

•Elimination Investing™️: 66 quality holdings, 0.33x turnover

•Style agnostic: Adapts across market cycles

•Concentrated conviction: Top 10 = 46.87% AUM

🌐 𝐒𝐞𝐜𝐭𝐨𝐫 𝐄𝐱𝐩𝐨𝐬𝐮𝐫𝐞 (Top 5)

•Financial Services: 32.93%

•Consumer Services: 12.26% 

•Capital Goods: 9.00%

•Oil, Gas & Consumables: 8.01%

•Auto & Components: 5.42%

📊 𝐅𝐮𝐧𝐝 𝐒𝐭𝐚𝐭𝐬 (Regular Plan – Dec 2025)

•AUM: ₹5,932 Crore (10x growth from ₹550 Cr)

•NAV Regular Growth: ₹15.09

•NAV Direct Growth: ₹15.57

•Since Inception CAGR: 23.33% (Regular) | 25.16% (Direct)

•Total Holdings: 66 focused positions

•Portfolio Turnover: 0.33x (Low churn)

🛡️ 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

•Since Inception: 23.33% vs Nifty 500 TRI 18.28%

•SIP XIRR: 15.41% vs Benchmark 10.34% 

•Journey: +45.1% (launch-peak) → -11.72% (correction) → +23.69% (recovery)

•Total: +53.50% vs Nifty 500 +40.93%

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬:

•Elimination Investing™️ philosophy shines through disciplined moves

•Financialization bet: ICICI Pru AMC addition + NBFC increases (↑47-64%)

•China+1 manufacturing: L&T ↑45% amid PLI schemes

•Energy infrastructure: HPCL ↑29% for power grid backbone

•True flexi cap rotation: Large/Mid/Small balance for cycle resilience