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Special Situation Portfolio Usually Event Driven & Opportunistic in Nature

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Special Situation Portfolio Usually Event Driven & Opportunistic in Nature ADROIT FINANCIAL SERVICES PRIVATE LIMITED • The group's philosophy is entirely client centric, with a clear focus on providing long-term value addition to its clients. • We have a strong pan India presence in approximately 250 cities catering to over 50,000 clients. • Adroit was among the top 10 volume drivers in BSE cash segment in the year 2008-2009. Founded in 1994 • The group focuses on staying relevant within an industry that is constantly evolving. Depository Investment IPO Distribution Derivative Advisory Trading commodity trading Equity Research currency futures Securities Broking PMS We offer two types of investment accounts: Discretionary: A discretionary account is one that allows a portfolio manager to buy and sell securities without the client’s consent. However, they still must make decisions in accord with the clients stated investment goals. Non-Discretionary: A non-discretionary account is one where the client gives consent to portfolio manager before executing trade on a recorded line. Stock selection and price orders will be advised by portfolio manager and will be duly discussed with client before trade. Diversification• Diversification of of portfolio portfolio for for adequately adequately spreading spreading 1 equityequity related related risks risks. Strong• Strong and and Active Active risk risk management management 2 Experienced• Experienced and and Professional Professional fund fund management management team team 3 Periodic• Periodic review active and review portfolio and portfoliorebalancing rebalancing Flexibility Flexibility 4 to toswitch switch strategy strategy or orplay play multiple multiple-strategies-strategies in portfolio.in portfolio Minimum investment Rs. 50 lakh as per SEBI guidelines. INVESTMENT UNIVERSE QUANTITATIVE SCREEN Emerging companies (focus on earnings, FCF, ROA & ROE) 500 Stocks Secular growth thesis, Discount to intrinsic value >30% FUNDAMENTAL 80-100Stocks ANALYSIS High conviction Ideas, Superior risk adjusted Return characteristics FUND 15-25 Stocks PORTFOLIO Minimum investment Rs. 50 lakh as per SEBI guidelines. Merger Impetus to medium-risk high-return stock, & by capturing the complete up moves in Acquisiti the stock on Adroit special situation portfolio usually Event Driven & Opportunistic in nature. Special situation investments are most visible with equities, but behind the scenes Contrarian at times, investing in less known & less-popular businesses having Debt potential to deliver much superior returns Re- Structuri ng We Believe Financial Markets are slow or inefficient to recognize or factoring disruptive innovation The impact of unanticipated change is often overlooked which can lead to a gap between market expectations and actual growth potential Deal values of private equity investments and Merger & Acquisitions, at an aggregate level, stood at little over $80 billion in 2020 as compared to $74.8 billion in 2019, up by around seven per cent. Around 25 per cent of this deal value could be attributed to sizable inbound investments in Jio Platforms. Strategic deals (mergers and acquisitions [M&A]) accounted for over 50% of the total deal value this year, while private equity (PE) activity kept pace with last year, recording investments worth $38.2 billion, according to PWC's Deals in India: Annual review and outlook for 2021 report. Covid-19 impact: Edtech, gaming companies ad volumes up sharply in pandemic. A number of organisations were looking to hive-off non-core assets or distressed segments in an effort to enhance or retain profitability, creating a number of M&A opportunities. Telecom replaced technology in the top position by attracting investments worth $11.2 billion. The retail sector was another new entrant, attracting investments worth $6.5 billion. Both sectors recorded increased levels of investment mainly on account of large- scale investments in Reliance Group entities. Technology recorded investments totaling a little under $6 billion. Online service aggregators accounted for the majority of the investments in the tech space. Consolidation was a major driver for deal activity this year and will form an integral part of M&A in 2021, possibly driving the emergence of new and larger Indian corporations in years to come. While PE witnessed a subdued first half in 2020, activity has picked up and PE funds are anticipating a bumper year in 2021. Source: Bernstein, Bloomberg Data as on 30th October 2020 *Sun Art is mix of online & offline grocery retail Valuation of Ant Financials is based on IPO price Yuanfudao is not listed. For all unlisted players valuation is as of last funding date Source: Bernstein, Bloomberg Data as on 20th November, 2020 SEBI Registered Open Ended Minimum Investment 50 Lacs Services 1. Discretionary 2. Non-Discretionary 3. Advisory Benchmark NIFTY500 • Buy stocks meeting the evaluation process and conviction level of fund managers on the business of the company • Diversification of portfolio across sectors and businesses for balancing the risk • Disciplined, long term & patient portfolio management approach • Active Portfolio management with continuous risk management of the portfolio along with realigning it with newer opportunities for superior returns Exit Strategies • When the assumptions with which the stock was purchased in the first place are no longer valid • When the stock’s price goes well beyond what we think it is worth • When for the same perceived level of risk, we spot a superior opportunity • When there is a redemption request Nature of Fees Portfolios Special Situation It is an investment strategy typically relate to companies under which an event turning business to go not as usual and Description materially impacting a company's value, such as possibility of any Merger & Acquisition. Minimum Investment 50 Lakhs INR Risk Appetite High Exit Loads Upto 1 Year : 3% , Year 1-2 : 2% , Year 2-3 : 1% Management Fees 2% of AUM p.a. 0.5% of AUM p.a. Misc. Charges Market cap Bias ~ 1000 Cr INR (& above) Max. Sector Concentration 40% Scenario Analysis Fixed Charges(2% P.A. on AUM) Gain of 20% Loss of 20% No Change Nature of Fees Amount in Rs. Amount in Rs. Amount in Rs. Capital Contribution 50,00,000 50,00,000 50,00,000 Gain/loss 20% or No change 10,00,000 -10,00,000 0 Gross Value of the portfolio 60,00,000 40,00,000 50,00,000 Less: Fixed Management Fees (2% per annum) (a) 1,20,000 80,000 1,00,000 Less: Other Expenses (0.5% per annum) (b) 30,000 20,000 25,000 Gross Value of the portfolio less Expenses 58,50,000 39,00,000 48,75,000 Total charges during the year (a+b) 1,50,000 1,00,000 1,25,000 % change over capital contributed 17% -22% -2.50% Amit Kumar Gupta, Portfolio manager, Adroit PMS has extensive experience of the complete investing lifecycle across capital allocation, portfolio construction, position sizing, portfolio management and timing of exits. During his investing career, he has built deep understanding of diverse sectors like Pharma, Chemicals, IT services, consumer, engineering, infra, auto & ancillaries, cement, etc. His personal interest is in exploring water based investing opportunities. He aims to generate attractive absolute risk adjusted return over the long term by investing only in high quality listed companies run by honest and competent management teams at valuations that offer significant margin of safety. This is done by following a rigorous research and due diligence process to evaluate business and management quality and then patiently wait to invest in high quality companies at attractive valuations that lowers risk of not only permanent capital loss but also sub par returns. He has a MBA from Queensland University of Technology (QUT) and B.E in Computer Science from NSIT, Delhi. He has been actively managing his personal portfolio of investments in India listed companies since 2004. Portfolio Manager Amit Kumar Gupta ([email protected]) Portfolio Coordinator Kamakshi Gupta Call : +919810736756 or Email : [email protected] ADROIT FINANCIAL SERVICES PRIVATE LIMITED 401-402, Fourth Floor Angel Mega Mall, Kaushambi, Ghaziabad, U.P. – 201010 Phone: +91-0120-4550300, 2817800-99 Fax: +91-120-2773056 Thank You Adroit Portfolio Management Services SEBI Reg No: INP000005349 Investing in securities involves risks. The value of the portfolios may fluctuate and can go up or down. Prospective investors are advised to carefully review the related documents carefully and in its entirety and consult their legal, tax and financial advisors to determine possible legal, tax and financial or any other consequences of investing under this Portfolio, before making an investment decision. The value of the portfolio may be affected by factors affecting financial markets, such as price and volume, volatility in interest rates, currency exchange rates, changes in regulatory and administrative policies of the Government or any other appropriate authority (including tax laws) or other political and economic developments. Consequently, there can be no assurance that the objective of the Portfolio would be achieved. The portfolios composition is subject to change and itmay not have any future positions in the Stock(s)/Sector(s) mentioned in the document. The benchmark of the portfolios can be changed from time to time in the future. Trading volumes, settlement periods and transfer procedures may restrict the liquidity of investments in portfolios. Individual returns of Clients for a particular portfolio type may vary significantly from the data on performance
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