Q India Value Equity Strategy

+20 years of India Long-only, Liquid, High-Governance, Margin of safety = Predictability
Integrity screen since 1996, strategy track record since 2000; Strategy AuM: $2.5 bn
Mandate Capacity: $10 bn
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 form the longest serving India equity teams. Quantum is managing the India Value Equity Strategy since August 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

Explore the Strategy

Learn more about our processes and experiences in leading governance based value investing in India for over two decades.

The Value Investing Team

I.V. Subramaniam “Subbu”
Managing 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 Shetty
Portfolio 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).

Q India Value Investing Strategy

In this fund manager webinar of November 2022, I.V. Subramaniam “Subbu” & Nilesh Shetty, discuss how a value manager with a disciplined investment process, a long-term outlook and a normalised view of the world, can position portfolios to manage the macro and market environment accordingly.

Learn more about our processes and experiences in leading governance based value investing in India for over two decades.

Value Investing Insights

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Building your India portfolio since 1990 on a foundation of ethics, integrity & disciplined investment research process.
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1st Floor, Apeejay House, 
3 Dinshaw Vachha Road, Backbay Reclamation, 
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Tel: +91-22-6144 7900 / 22830322

Fax : 91-22-2285 4318

Email: [email protected]

In case of any grievance/complaint, you may contact Mr. Piyush Thakkar, Chief Executive Officer at [email protected]. Investor can initiate dispute resolution by harnessing online conciliation and/or online arbitration through Online Dispute Resolution (ODR) portal SMARTODR.  To know more about grievance redressal mechanism click here.  

Learn more about our strategies, insights and investment process
Our affiliates:

Q India (UK) Limited
14th Floor, 33 Cavendish Square, London W1G 0PW (U.K.)

Sam Tully
Head - Business Development
UK: +44 7818 408526

Roger Mortimer
Head - Business Development
EU: +44 7947 242769

Q India Corp.
New York (U.S.A.)

Kevin Heller
Head - Business Development
US: +1 516 480-3679

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