India’s Golden Decade of Growth Strategy

Amrit Kaal – Sanskrit for "The Golden Age" – aptly describes the transformative phase the Indian economy is currently experiencing. Amid global economic uncertainty, India has demonstrated remarkable resilience, maintaining strong growth momentum that has captured the attention of global investors. This optimism is reflected in the ongoing bull market in Indian equities.

The India’s Golden Decade of Growth Fund seeks to capitalize on this momentum by focusing on five core themes that encapsulate India's growth story. These themes represent a bold macro call on India's economic potential:

1. Consumption: From 'roti, kapda, and makaan' to 'butter roti, branded kapda, bada makaan, ACs, gaadis, and more

India’s consumption patterns are shifting from basic necessities—food, clothing, and shelter—to aspirational and discretionary spending on items like smartphones, air conditioners, and more. This evolution signals the rise of a consumption-driven economy.

2. Digitization and Artificial Intelligence

Technology is at the forefront of India’s transformation, with Artificial Intelligence driving the next major revolution. This theme taps into the digitalization wave and its profound impact on businesses and lifestyles.

3. Energy Transition

Sustainable growth is non-negotiable for India. The country is prioritizing energy security and transitioning towards greener, renewable sources of energy to fuel its future.

4. Financialization of Savings

The financial landscape is changing as more savings flow into growth-oriented assets. This structural shift is paving the way for robust long-term wealth creation opportunities.

5. Manufacturing Prowess

India’s manufacturing sector is undergoing a resurgence, with government initiatives and global supply chain diversification bolstering the country’s position as a manufacturing powerhouse.

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Key Details

Fund Manager: Manish Sonthalia Investment Objective: This fund aims to achieve long-term capital appreciation by investing in companies poised to benefit from India’s medium- to long-term growth. It focuses on large-cap, mid-cap, and small-cap companies that exhibit strong growth potential, competitive advantages, high-quality management, and reasonable valuations at the time of purchase.

The strategy employs a “buy-and-hold” approach with minimal churn, investing in 25-30 companies for a balanced portfolio. This is designed for medium- to long-term investors seeking sustainable capital growth over 3-5 years or more, allowing the fund to identify future market leaders at an early stage.

Investment Approach: The portfolio is constructed based on a bottom-up stock-picking process, aligned with carefully selected macro themes for the next five years. The research process is rigorous, including:

• In-depth analysis of annual and quarterly reports
• Assessing management quality and integrity
• Evaluating company outlook and competitive positioning
• Industry and channel checks
• Insights from publicly available data and third-party research

Strategy: This is a pure equity product, with no exposure to other asset classes.

Benchmark: S&P BSE 500 TRI Investment Horizon: 3-5 years

Risk Profile: The strategy involves investments in large-, mid-, and small-cap equities and equity-related instruments, exposing it to market-specific risks like equity volatility, liquidity risks, and reinvestment risks. Since the strategy has less than three years of track record, performance evaluation should consider the inherent risks.

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India’s Amrit Kaal is not just a moment—it’s a movement. This fund seeks to harness the opportunities of this golden age, investing in the themes that are shaping India’s economic trajectory. For investors seeking sustainable long-term growth, this is a gateway to India’s thriving future.