We define our investment process as a combination of bottom-up and top-down approaches. Our investment approach aims to add value principally from fundamental analysis complemented by tactical asset allocation. At a top-down level we consider the macroeconomic themes driving the Indian market. We also look to identify potential macroeconomic risks or industry-specific issues which could adversely affect returns.
The investment process has two layers of alpha generation in form of alpha generation at the investible universe/model portfolio level and the second layer of alpha generation at the fund portfolio creation stage over the model portfolio.