Post on 20-Apr-2018
EQUITY RESEARCH AND INVESTMENT ADVISORY
Purnartha
Purnartha
It's Never Too Late
To Be What You Might Have
Been-
George Elliot
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Confidential2
Purnartha
KEY TO WEALTH -LONG TERM INVESTMENTS
High growth aspirations
Middle class values ( e.g. zero net debt )
Owners having skin in the game
“I never attempt to make money
on the stock market. I buy on the assumption that they could
close the market the next day and not reopen it for
five years”-
Warren Buffet
INVESTING IN GOOD COMPANIES
GOOD COMPANIES WITH
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AND .. BEING LAZY!
Purnartha
Long term investing
reduces risks of lost
opportunities and averages
out macro and micro economic
factors that could affect
markets
Which are likely to grow at 1.5x to 3x volume growth consistently across all cycles (On a conservative side, India’s
real GDP to grow at 5%)
Having a reasonably large owner holding i.e
Owners with skin in the game
Which have zero net debt i.eGrowth funded by clients
rather than debt
CompaniesHaving low drawdowns and
faster recovery
INVESTING IN A UNIVERSE CONSISTING OF NON-CYCLICAL COMPANIES
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Purnartha
TOP GUN INVESTMENTS WITH 5 STEP RESEARCH PROCESS
To Create Something
Exceptional Your Mind Set Must be Relentlessly
FocusedOn Smallest
Detail-
Giorgio Armani
HistoryWe need history that shows performance across regimes. Usually 11 years is a
credit cycle where GDP has gone up, down and drifted. We see if the businesses
have generated positive cash in all regimes. Other business and valuation
related parameters are analyzed too.
Business ModelWe analyze why the company does not need to borrow money to grow its
business. We have come across unique business models that provide an insight
into the economic moat or competitive advantage of the company.
Volume GrowthWe also articulate what are the structural drivers for the volume growth of the
company for the next few years.
Management Interaction and Channel ChecksGood history and the reason why the company is poised to grow is the output
of the business owners thought process and interest. We identify the person
responsible for the company’s future & find out if his interests are aligned for
future growth. Channel checks provide an insight into culture of the company.
ValuationWe will build a portfolio that is cheaper than the index at an EV/ Operating Cash
Flow metrics.Confidential
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Purnartha
Know what you own, and know why you own it
-Peter Lynch
Independent, unbiased
equity advise
You are in control.
Purnarthadoesn't touch your money!
Support and
guidance from
experts
Long term equity investment philosophy
Performance tracking platform
Continuous and easy portfolio monitoring
A fundamental portfolio analysis before you Sign Up
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Purnartha
* - Audited report available on request ** - YTD (from Apr 2017)
NIFTY
BENCHMARK BEATING PERFORMANCE
Key Stats Purnartha Portfolio*
Macro Index (days) 297 / 2231
End NAV 3381.49
Beta 0.4756
CAGR 48.84%
Max. Drawdown 26.18%
Recovery (days) 84
Annualized Volatility 20.03%
Generated
48.84%*
CAGRSince Inception
Purnartha Portfolio*
FY Q1 Q2 Q3 Q4 Annual Growth
2009 – 10 42.04 18.48 2.3 0.92 73.76
2010 – 11 1.21 13.5 1.73 -4.9 11.14
2011 – 12 -3.19 -12.47 -6.45 14.52 -9.23
2012 – 13 -0.31 8.04 3.54 -3.77 7.31
2013 – 14 2.81 -1.83 9.92 6.35 17.98
2014 – 15 13.53 4.64 3.99 2.51 26.65
2015 – 16 -1.44 -5.01 -0.03 -2.62 -8.86
2016 – 17 7.10 3.90 -4.94 12.07 18.55
2017 – 18 3.78 2.81 7.58 -3.96 10.25
FY Q1 Q2 Q3 Q4Annual Growth
2009 - 10 51.38 10.82 6.92 34.88 141.94
2010 - 11 2.57 24.73 -5.37 -6.21 13.54
2011 - 12 7.28 -1.44 -2.98 8.05 10.84
2012 - 13 7.97 22.33 16.81 -2.76 50.03
2013 - 14 6.10 6.71 33.84 38.06 109.20
2014 - 15 22.00 23.33 7.39 20.03 93.95
2015 - 16 -11.17 2.49 2.58 -2.34 -8.79
2016 - 17 20.80 8.66 -12.92 32.95 51.96
2017 - 18 6.25 15.95 11.12 -3.85 31.63
Key Stats NIFTY
Macro Index (days) 120 / 2231
End NAV 334.79
Beta 1.00
CAGR 14.62%
Max. Drawdown 28.01%
Recovery (days) 470
Annualized Volatility 17.99%
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Last 1 year returns: From 01-Jan-2017 to 31- Dec- 2017, returns of Purnartha portfolio are 82.02% v/s 28.65% of NIFTY
Confidential8
Rahul Rathi, Chairman & Fund ManagerMBA from Carnegie Mellon University. Rahul Rathi has over 15 years of investment and risk management experience gained from working with global investment institutions across the world. His professional and personal legacy includes creating wealth in the stock markets, that has been fundamental in shaping Purnartha’s core values.
Raghu Sundaram,DirectorAn IIM Ahmedabad graduate. He is a Dean at New York University's Stern School of Business for MBA Programs & online learning. Sundaram has substantial experience of working with major Wall Street firms. His unparallelbackground in derivatives and credit research has provided finesse to the equity research at Purnartha.
Hemant Vispute, Managing DirectorHemant brings over 15 years of experience in consulting, strategic planning and operations. The brain and heart behind Purnartha's services, he has been part of the journey from the very beginning. His leadership, vision and discipline provided our teams with strategic guidance in conceptualizing blueprints related to the aspects of business development and expansion.
Dilip Apte, Director – Sales & OperationsDilip has 26 years of hands on experience at HDFC Ltd. He has successfully handled Retail operations, Channels, Deposit Mobilization, Corporate Relations & helped set up the first mortgage finance company in the private sector in Egypt. A Chartered Accountant and was a regional council member of the CA Institute.
Adesh GokhaleExecutive DirectorAfter an illustrious career as the Executive Director and SLE IBM's Pune, India operations, Adesh is now the Executive Director at Purnartha. With over 30 years of experience in finance, technology and telecommunications, he holds patents in technology and process areas. He is a part of Startupsmentorship programmes and has worked extensively on SmartCityproject.
Deepak Soman, Director - – Capability Development and Client ExperienceDeepak holds a postgraduate degree in Management Studies. With over 29 years of experience in India and overseas, primarily with HSBC Bank and Vodafone, Deepak has been associated with various roles in the Customer Experience, Call Centre, Branch Operations and Project Delivery departments.
Tausif AhmedHead of SalesA student of economics, Tausif holds postgraduate degree in advanced economic theory from the University of Calcutta and an MBA in finance. Prior to Purnartha, he was associated with Kotak for 11 years and headed broking in Maharashtra. Tausif joined Purnartha as the Head of Sales and has been instrumental in development and expansion of the business by building a dedicated and passionate sales team
Devendra PhadkePortfolio ManagerA Chartered Accountant and commerce graduate Devendra has over 14 years of experience in equity research. Devendra is a proficient analyst with a decade-long experience in buy-side equity research that covered emerging and developed markets, such as India, China, Brazil, US and Europe He has worked with Morgan Stanley, Thomas WeiselInternational and Multi-Act Asset Management.
Purnartha
A Team
You Can Trust
Purnartha
KEY STRENGTH & DIFFERENTIATOR EQUITY RESEARCH CAPABILITIES
Research Backed with Domain &
Sector Experts
Investment Manager – Rahul Rathi
Responsible for delivering investment performance at Purnartha. The sustained
performance is due to Rahul’s experience and investment in people, processes and
data which he has built from ground up.
Rahul’s experience in investments comes from working closely with large
successful hedge funds in US & Europe, managing his own factory and family
business.
Our Research Team
Chartered accountants with experience in markets
On ground team meeting company management, suppliers, clients,
distributors to provide inputs to analysis & model
Analysts
Whose areas of work include: Financial modeling, fundamental analysis,
industry research, management interaction
Whose work experience includes: Morgan Stanley on the proprietary
desk, Emerging Market analyst in a MNC
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Purnartha
WE DO THE WORK FOR YOU!
WOW
Performance Platform Top Notch Service
Large database to evaluate regimes.Expert Investment Counsellors
to guide you.
Continuous tracking and easy portfolio monitoring
Client support across all channels with constant assistance and valuable information
Top Notch Service
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Purnartha
WEALTH BUILDING MADE EASY
Step 1Purnartha Sign Up Visit www.purnartha.comor Call 1 800 102 6975 (Toll Free)
Step 3Clients execute orders in their own demat accounts through their preferred broker.
Step 5Portfolio monitoring and rebalancing
Step 2Purnartha research team re-structures current portfolio or Builds a new portfolio
Step 4Periodic portfolio review meetings/monitoring @ Purnartha.com
You are backed by a team of investment
counsellors and expertsPATH TO BUILDING WEALTH
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Purnartha
A goal without a plan is just a
wishStop Wishing.. Start Investing
Plan 1 Plan 2 Plan 3 Plan 4 Plan 5 Plan 6
Annual Fee (% of AUM)
2.50% 2.00% 1.75% 1.50% 1.00% 0.60%
Hurdle Rate (Annual)
25% 15% 12% 10% 6.33% 0%
Profit Sharing % Above Hurdle
Rate20% 20% 20% 20% 20% 20%
† Flexible plans with a trade off between annual fee & profit sharing above hurdle
rate
* All plans subject to a minimum subscription fee
** Taxes as applicable
*** We follow the High Water Mark principle
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Purnartha
A Trusted Advisor
with You in All
Life Stages
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3 Year Plans
Plan 1 Plan 2
3 Years Fees 9.50% 7.00%
Hurdle Rate(For 3 years)
95% 52%
Profit Sharing (Above Hurdle Rate)
20% 20%
* All plans subject to a minimum subscription fee
** Taxes as applicable
*** We follow the High water mark principle
Purnartha
PurnarthaTrusted by Over
3000+ Clients
I am very happy and highly satisfied with
the advisory services of Purnartha and I got the
benefits from the recommendations on
the investments. I found that Purnathahas a very scientific
way of analysis of the market, industry and
potential of the segments and I am rest
assured that my investments are safe and are going to yield
good results in the long term. Thanks for the
services which helped me create wealth in the
long term.Mr Nitin Infosys
I definitely appreciate the kind of research done by Purnartha
team before proposing any stock to client. The two interactions with
Mr Rahul is also encouraging. I hope
that once Indian equity Market became stable;
Purnartha team will provide more value
picks and enhance the service level. I would
like to say that Purnartha team go into deep; check nuts and
bolts; do proper sector; company and peer
study before advising the stock. Mr Vinod
Suzlon
Purnartha Purnarthahas helped reorganise
my dormant family stocks portfolio based on in-depth analysis
and thereby helped in making
the right decisions for a fruitful and mutually
beneficial partnership that has unleashed a
very healthy valuation of my new portfolio.
The staff is very friendly
and customer centric, always willing to help out with any doubt or
service request. Mr. Kedar
Software Professional
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Purnartha
SEBI REGISTERED INDEPENDENT, UNBIASED ADVICE
A Trusted Advisor
with You in All
Life Stages
Purnartha Investment Advisers Pvt. Ltd.
is a
Sebi Registered Investment Advisor
(Registration no.: ina000000672)
and
provides investment advisory services under
the brand name
Purnartha
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Purnartha
Everybody Deserves Someone
Who Makes Them Look
Forward to a Better
Tomorrow
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STAY IN TOUCH
@PurnarthawealthFacebook.com/Purnartha
1 800 102 6975 (Toll Free) Support@Purnartha.com
F t
Visit Us On
www.purnartha.com
Disclaimer: Purnartha Investment Advisers Pvt. Ltd provides advisory services under the brand name Purnartha. The content in this document is provided for informational purposes only. No material should be considered as investment advice directly, indirectly, implicitly, or in any manner whatsoever. Past performance is not an indicator of future results. Purnartha accepts no liability whatsoever for any direct or consequential loss or damage arising from any use of any information in this document. The information and content in this document are subject to change without notice.
Purnartha Investment Advisers Pvt. Ltd
Purnartha
Contact: 1 800 102 6975 (Toll Free) | +91 20 4912 7142 | EMAIL: support@purnartha.com
Pune 32/33, Rachna Bungalow, Dr. Ketkar Road, Off Karve Road, Erandwane, Pune 411 004.Mumbai 1302, 13th Floor, Marathon Icon, Opp. Peninsula Corporate Park,
Off Ganpatrao Kadam Marg, Lower Parel West, Mumbai 400 013.New Delhi 1001, 1002, Mercantile House, Kasturba Gandhi Marg, Connaught Place, New Delhi 110 001.
Bengaluru Office No. 202, 2nd floor, Palm Square Building, Brigade Road, Opp Brigade Towers, Bengaluru 560 025.
.
YOUR TRUSTED PARTNER IN WEALTH CREATION
www.purnartha.com