Strategy Name: Value Migration Strategy
Investment Objective: The Strategy aims to benefit from the long term compounding effect on investments done in good businesses, run by great business managers for superior wealth creation.
Description of types of securities: Listed Equity
Basis of selection of such types of securities as part of the investment approach: value based stock selection strategy
Allocation of portfolio across types of securities: The strategy seeks to primarily invest in Equity and Equity-related instruments of large cap companies. However, the strategy has the flexibility to invest in companies across the entire market capitalization spectrum
Benchmark: S&P BSE 500 TRI
Indicative tenure or investment horizon: Medium to Long term
20+ years track record with annualized return of 20.8% since inception. Concentrated portfolio of 26 stocks with high earnings growth. Each of the portfolio companies are market leaders in their respective segments.
Index agnostic: ~94% away from the benchmark BSE 500.
Companies Added: Max Healthcare
Companies Exited: NA
| Top 5 | Contribution |
|---|---|
| Kalyan Jewellers India Ltd. | 3.4% |
| Suzlon Energy Ltd. | 3.0% |
| Kaynes Technology India Ltd. | 3.0% |
| Zomato Ltd. | 2.5% |
| Multi Commodity Exchange Of India Ltd. | 2.4% |
| Bottom 5 | Contribution |
|---|---|
| Siemens Ltd. | -2.6% |
| Siemens Energy India Ltd. | -1.3% |
| BEML Ltd. | -1.1% |
| Fino Payments Bank Ltd. | -0.5% |
| Global Health Ltd. | -0.4% |
| 1Year Data | Strategy | Benchmark |
|---|---|---|
| Standard Deviation | 25.1% | 15.7% |
| Beta | 1.4 | 1.0 |
| Sharpe Ratio | 0.6 | 0.3 |
| Market Cap | Weightage |
|---|---|
| Large Cap | 25.6% |
| Mid Cap | 48.8% |
| Small Cap | 22.8% |
| Cash & Equivalents | 2.7% |
| Scrip Name | (%) Holding |
|---|---|
| Trent Ltd. | 7.5 |
| TVS Motor Company Ltd. | 7.4 |
| Suzlon Energy Ltd. | 6.9 |
| Hitachi Energy India Ltd. | 6.4 |
| Kalyan Jewellers India Ltd. | 6.2 |
| PG Electroplast Ltd. | 6.1 |
| Global Health Ltd. | 5.3 |
| Angel One Ltd. | 4.4 |
| BSE Ltd. | 4.2 |
| Bharti Airtel Partly Paid | 3.7 |
| Apar Industries Ltd. | 3.5 |
| AU Small Finance Bank Ltd. | 3.2 |
| Waaree Energies Ltd. | 3.2 |
| Polycab India Ltd. | 3.1 |
| Power Mech Projects Ltd. | 3.1 |
| Persistent Systems Ltd. | 3.0 |
| Garden Reach Shipbuilders & Engineers Ltd. | 2.5 |
| Amber Enterprises India Ltd. | 2.4 |
| eMudhra Ltd. | 2.3 |
| Zaggle Prepaid Ocean Services Ltd. | 2.3 |
| Aditya Birla Real Estate Ltd. | 2.2 |
| Piramal Enterprises Ltd. | 2.1 |
| Puravankara Ltd. | 1.0 |
| Sector | (%) Allocation |
|---|---|
| Capital Goods | 25.6 |
| Consumer Durables | 14.7 |
| Financial Services | 14.0 |
| Consumer Services | 7.5 |
| Information Technology | 7.5 |
| Automobile and Auto Components | 7.4 |
| Healthcare | 5.3 |
| Telecommunication | 3.7 |
| Construction | 3.1 |
| Forest Materials | 2.2 |
| Realty | 1.0 |
| Cash & Equivalents | 8.1 |
| Fund Manager | Rakesh Tarway |
|---|---|
| Strategy Type | Open ended |
| Date of Inception | 24th December 2019 |
| Benchmark | S&P BSE 500 TRI |
| Investment Horizon | 3 Years + |
Mid to Mega Strategy Inception Date: 24th Dec 2019; Data as on 31st May 2025; Data Source: Internal Research; Source: Capitaline and Internal Analysis; Please Note: Returns up to 1 year are absolute & over 1 year are Compounded Annualized. Returns calculated using Time Weighted Rate of Return (TWRR) at an aggregate strategy level. The performance related information is not verified by SEBI. All portfolio related holdings and sector data provided above is for model portfolio. Returns & Portfolio of client may vary vis-à -vis compared to Investment Approach aggregate level returns due to various factors viz. timing of investment/ additional investment, timing of withdrawals, specific client mandates, variation of expenses charged & dividend income. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. The Portfolio Manager manages allocations in all client portfolios by way of a model portfolio which is in line with investment objectives of the portfolio strategy/ investment approach. Unless there are specific exclusion instructions by individual clients, all clients’ portfolios are aligned to a model portfolio; which means replication and alignment of all clients’ portfolios in terms of scrip and allocation. New clients entering the strategy/ investment approach as of a particular date are also aligned to the model portfolio. It must be noted that there are certain circumstances in which clients’ portfolio may deviate or differ from the model portfolios to a material extent. This may happen due to factors like liquidity and free floating consideration in some stocks, organization level exposure norms and related risk management, potential exit of a stock from the model portfolio thereby precluding it from buying in new client portfolios. The reasons quoted here are indicative but not exhaustive and the portfolio manager reserves the right to deviate from model portfolio for groups of clients depending on timing of their entry, market conditions and model portfolio construct at the time of their entry. Risk factors associated with the investment approach are Equity risk, Systematic risk, Concentration risk, Model portfolio risk, Mismatch risk, Execution risk, Low liquidity and Less dividends. To know more about the risk factors, please refer disclosure document at motilaloswalmf.com. Investment in securities is subject to market and other risks, and there is no assurance or guarantee that the objectives of any of the strategies of the Portfolio Management Services will be achieved. Please read Disclosure document carefully before investing.