An investment philosophy is the approach towards markets. It includes all investment strategies under which fund is going to run. It is the core set of investment team's belief to run a fund.

Value Investing

Our investment philosophy is based on core principles of value investing.
This quote from investment legend Warren Buffet "Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." is the soul of our investment philosophy.

Margin of Safety

We follow the margin of safety principle before buying any stock. Margin of safety is the principle of buying a security at a significant discount to its intrinsic value which is thought to not only provides high-return opportunities but also to minimize the downside risk of an investment.
In the words of the great investment legend, Benjamin Graham, margin of safety is to buy assets worth $1 for 50 cents.

Focused approach

We want to buy less businesses but very good businesses with sound fundamentals, long term sustainability and excellent corporate governance. We do lot of due diligence before making any buying decision. We believe that superior and consistent returns can only be achieved by recognizing long term trends in the specific sector, and understanding the structural shifts that affect these trends. Numerous studies show that most of a company's value is determined by its long-term performance, and in our view a short-term orientation has significant negative repercussions.


Extraordinary returns follow extraordinary discipline. Discipline in buying and selling, and may be the most important one of all, holding. Holding needs more discipline than buying and selling. We always try to buy cheap with a view to hold stocks for very longer periods of time unless there is any change in our basic thesis for the given business.
As per Thomas Phelps, Fortunes are made by buying right and holding on.

Our philosophy is to focus on core value investing principles. We seek to benefit from inefficiencies of the stock market by following a disciplined and process driven approach. A calm patient and rational temperament coupled with strong research is key to execute this philosophy.

'Be Fearful When Others Are Greedy and Greedy When Others Are Fearful' - Warren Buffet

'It's bad to go to bed thinking about the price of a stock. We think about value and company results; the stock market is there to serve and not to instruct' - Benjamin Graham


  • November 2014 Gurgaon-headquartered auto parts manufacturer Sandhar Technologies Ltd has acquired the cabin business of Arkay Fabsteel Systems Pvt. Limited of Ambethan, Pune, the company said in a press release.
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  • April 2013 Olam International Limited sold Taraori Rice Mills Private Limited, the holding company for its rice milling assets in India, to Spanish rice and pasta manufacturer, Ebro Foods, for $14.5 million.
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  • November 2012 Delhi-based Pristine logistics & Infraprojects Pvt. Ltd. announced the investment of Rs.600 million from UTI Capital. Company is involved in setting up inland container depots and private freight
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  • March 2011 Bush Foods Overseas Private Limited announced the investment of Rs.1100 million form Standard Chartered Private Equity. Company is among India's leading rice companies. Shade Capital
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  • June 2010 IL&FS India Realty Fund II announced the investment of Rs 800 million in Aria Hotels and Consultancy Services Private Limited("Aria"), a subsidiary of Asian Hotels (West) Ltd, for a 33% stake. Asian Hotels
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  • December 2009 Adhunik Power and Natural Resources Ltd("APNRL"), a part of the Kolkata based Adhunik Group, announced that IDFC Project Equity will acquire a 27% stake for Rs. 2.5 billion.The entire investment
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  • November, 2008 Olam India (Exports) Ltd("Olam") acquired the sugar complex of Girdharilal Sugar and allied Industries Ltd for a total consideration of Rs. 490 million. the sugar complex is located in Madhya Pradesh
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  • April, 2007 Sherwin-Williams, USA agreed to acquire 100% shareholding of Nitco Paints Ltd., a Mumbai based privately held exterior paints and coatings manufacturer. The acquisition marked the entry of
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  • July 2007 Bhilwara Energy Ltd, a part of the LNJ Bhilwara Group,. announced that it had entered into an agreement for private equity placement with New York Life Investment Management
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  • January 2007 Caparo Engineering India Pvt Ltd, a part of the UK based Caparo Group, completed the acquisition of the Sheet Metal Business of International Auto Ltd (IAL), flagship company
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  • July 2007 Heg Ltd("HEG"), a part of the LNJ Bhilwara Group, divested its sponge iron business located in Durg, Chhattisgarh to Jai Balaji Industries Ltd for a consideration of Rs. 885 million.The
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