We are the 'original India 'bulls' with a history that spans 30 years but, somewhere along the line, we have been contaminated with the disease of adhering to a disciplined thought-process and that, too, of the "value" kind.
The Q India Value Equity Strategy reflects a portfolio based on the principles of long term "value" investing - with "values" as a powerful integrity filter to ensure we minimize non-financial risk by sifting out companies which could add to the non-financial risk in the portfolio.
Since 1996, we applied our "Integrity Screen" on Indian companies - now known as "Governance". Quantum's Integrity Screen has helped sift out companies with questionable business and governance practices. We do not invest in companies if they fail our Integrity Screen checks - even if valuations are attractive. It does not matter whether the stock is part of the benchmark or not.
If you are looking for a long-only, India portfolio which is liquid, avoids the 'crony capitalists', is built on sound principles of value investing, and delivers a predictable outcome, scroll below:
Pioneers of Investing in India
Quantum Advisors, India's first institutional equity research house, founded by Ajit Dayal in January 1990 - 18 months before the first significant economic reforms in July, 1991. Between Subbu, who joined in 1996, and Ajit, they are among the longest serving India equity teams. Quantum is managing the Q India Value Equity Strategy since June 27, 2000.
Partners to Global Institutional Investors
30 years of India experience, including 7 years of value investing globally - partnering with Jardine Fleming (1992-1995), Walden Nikko (1996-1999), Prolific (1996-1999) and Hansberger Global Investors (1997-2004).
Proprietary research and investment process
The bottom-up approach is sector-agnostic, focuses on stock picking, while understanding the macro environment in which a company operates. We don’t depend on sell-side research. We identify high-quality stocks available at a discount to their intrinsic value.
Disciplined and Team based Portfolio Process
We buy when a stock comes within our buy limit and sell after review when a stock reaches our sell limit. When we don’t see Value, we hold cash. Buy and sell decisions are based on research team consensus. We don’t believe in ‘Star’ Fund managers.
High conviction, Liquid, Value Portfolio
The portfolio usually owns between 25-40 stocks. Stocks that we own must trade USD 1 mn/day. Portfolio is liquid and scalable. The portfolio at all times displays ‘value’ characteristics.
Q India Value Investing Strategy
- 25 years of India Long-only, Liquid, “Value + Values”
- Integrity screen since 1996, strategy Track record since 2000
- AUM $2.2 Bn, Capacity $5.5 Bn
Explore the Strategy
Learn more about our research and investment process and experience in leading governance and value investing in India for over two decades.
The Value Investing Team
I.V. Subramaniam “Subbu” Director and Group Head - Equities
With over 25 years of experience in the investment management and financial services industry, Subbu has managed India-dedicated portfolios for Indian clients since June 2000 and India-dedicated portfolios for international clients since 2005. Subbu received his Bachelor’s degree in commerce from Osmania University in 1983 and his Law degree from Osmania University in 1986. He is a CFA Charterholder.
Nilesh ShettyPortfolio Manager
Nilesh Shetty has 16 years of experience in the Indian capital markets as an Analyst and Senior Research Manager. Nilesh joined Quantum AMC in December 2009 and moved to Quantum Advisors in April 2022. In addition to being a portfolio manager, Nilesh is Quantum’s primary analyst for Capital goods, Life insurance, General insurance and Broking. Prior to joining Quantum, Nilesh worked for 2 years at Edelweiss Capital as an analyst. Nilesh received his Masters in Management Studies from Mumbai University in 2003 and is a CFA Charterholder and a Chartered Global Management Accountant having completed CIMA (UK).
Click on the categories below for Insights that matter for your India Investing.
INDIA INVESTING
INDIA GOVERNANCE
INDIA INVESTING
