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28.5%Compounded
Annual Returns (CAGR)
819%Since Inception in 2012
Consistently outperformed Nifty 500 by an average of
18% CAGR over the last 7 years
CY 2019CY 2018
11.87.7
-18.1-3.4
28.5
11.7
CY 2020 (Oct)
18.6
-2.9
Apollo Tricoat,Granules India
Vaibhav Global, SBI Life Insurance
Bajaj Finserv, HDFC Bank , Kotak Bank
Indraprastha Gas, Gujarat Gas,
Deepak Nitrate,
Vaibhav Global, Dhanuka Agritech-
Buyback
SATCO GROWTH & MOMENTUM
FUND STRATERGY
PMS Quarter Performance vis-a-vis Benchmark
Calendar Year Q1 Q2 Q3 Q4
2020PMS% -22.3% 24.9% 20.9%
Benchmark % -29.1% 21.1% 10.2%
2019PMS% 4.4% -0.4% -2.5% 10.2%
Benchmark % 5.4% -0.1% -3.3% 5.7%
2018PMS% -9.9% -0.1% -7.4% -1.6%
Benchmark % -6.1% 2.8% -0.5% 0.6%
2017PMS% 17.9% 8.8% 11.9% 9.8%
Benchmark % 14.5% 4.2% 3.2% 10.4%
2016PMS% -9.2% 16.9% 12.6% -2.4%
Benchmark % -4.1% 8.2% 5.9% -5.6%
2015PMS% 8.4% 1.2% 4.2% 10.3%
Benchmark % 3.0% -1.2% -3.6% 1.2%
2014PMS% 7.4% 34.1% 26.2% 13.7%
Benchmark % 6.3% 18.2% 3.9% 5.6%
2013PMS% -6.6% 3.5% 0.7% 34.2%
Benchmark % -6.4% 1.6% -2.6% 11.9%
2012PMS% 16.5% -1.1% 9.3% 7.3%
Benchmark % 17.3% -1.2% 8.0% 5.3%
TOP 5STOCKS FROM OURPORTFOLIO
Scheme: Security Wt %
VAIBHAV GLOBAL LTD 7.46%
GRANULES INDIA LTD. 6.23%
GUJARAT GAS LIMITED 4.54%
UPL LIMITED 4.47%
IOL CHEMICALS & PHARMACEUTICAL 4.38%
Companies GenreWhen
Purchased
Avg Purchase
Price
Avg Selling Price
Returns
APL ApolloTubes Climbing the ValueCurve Jun-15 412 1979 380%
Granules India Climbing the ValueCurve Jan-14 22 105 375%
PI Industries Consistent Excellence Jan-12 93 400 330%
Alembic Pharma Corporate Action May-12 52 290 458%
Symphony Large Market Low Penetration Feb-14 480 1950 306%
Bajaj Finance Consistent Excellence May-12 861 4000 365%
HCLTechnologies Consistent Excellence Jan-12 495 1550 213%
Indo Count Industries Climbing the ValueCurve Dec-14 276 1099 298%
Vaibhav Global Large Market Low Penetration Nov-12 112 650 480%
Yes Bank Consistent Excellence May-12 326 1180 262%
OUR PASTWINNERS
(Oct 2020) ₹5574
349%
Alt is one of the first domestic com
(Oct 2019)₹298
- UnitedPhosphorus
ValueAddition
₹1 77 (May2019)
panies to use the Galvant process corrosive protection & longer life.
providing a better product &earns
one of the largest domestic
ERW pipe tion to promote
volume growth.
manufacture steel pipes; better anti
The company has positioned itself as higher margins than its peer.
Strong parentage-APL Apollo Tubes; manufacturingcompanies.Strong focus on branding &distribu
United Phosphorus performance
363%
(Oct 2020) ₹453
Accord Fintech, NSE
-United Phosphorus
68%
- IndraprasthaGasLtd.
Indraprastha Gas Ltd. performance
(Oct 2020) ₹402
253%
Apollo Tricoatperformance
Value Addition
(Oct 2020) ₹653
269%
Accord Fintech, NSE
₹177 (May 2019)
Alt is one of the first domestic companies to use the Galvant process manufacture steel pipes; better anti corrosive protection & longer life.
The company has positioned itself as providing a better product & earns higher margins than its peer.
Strong parentage-APL Apollo Tubes; one of the largest domestic ERW pipe manufacturing companies.Strong focus on branding & distribution to promote volume growth.
-Sunteck Realty- ApolloTricoat (Present)
Granules India performance
₹Rs. 104 (Sep 2018)
(Oct 2020) ₹384
268%
Accord Fintech, NSE
-SunteckRealty
- Granules India
Granules India has been consistently improving operational efficiency in the core bulk drugs segment.
The company has been moving up the value curve from an API manufacturer to formulations, where the profitability is higher. Revenue share from formulations has increased from 39% in FY18 to 52% in FY20.
GIL generated Rs.264 crs free cash flow in FY20; FC was negative in the previous 2 financial years.
(Oct 2019) ₹8134
556%
Accord Fintech,NSE
₹233 (Mar 2020)
(Oct 2020) ₹664
185%
Accord Fintech, NSE
- IOL Chemicals&
Pharmaceuticals
IOL Chemicals & Pharmaceuticals performance
IOL CP is the largest manufacturer globally of Ibuprofen API
(>30% market share). The company is also among the lowest
cost producers, and most capital efficient among peers.
The company is fully backward integrated for key supply material
IBB; this ensures better control over gross margins and sourcing.
Consistent Excellence andValue Addition
Consistent Excellence and Value Addition
-United Phosphorus
68%
- Deepak Nitrite
Deepak Nitrite performance
(Sep 2020) ₹387
239%
Vaibhav Global performance
Value Addition
(Sep 2020) ₹595
236%
Accord Fintech, NSE
₹177 (May 2019)
Alt is one of the first domestic companies to use the Galvant process manufacture steel pipes; better anti corrosive protection & longer life.
The company has positioned itself as providing a better product & earns higher margins than its peer.
Strong parentage-APL Apollo Tubes; one of the largest domestic ERW pipe manufacturing companies.Strong focus on branding & distribution to promote volume growth.
-Sunteck Realty- Vaibhav Global (Present)
Consistent Excellence and Value AdditionConsistent Excellence and Value Addition
(Oct 2020) ₹742
196%
Accord Fintech, NSE
₹250 (Apr 2019)
Deepak Nitrite is a leading bulk and speciality chemical manufacturer in India.
Growth in the business has been led by a change in in focus of the management to move from commodity chemicals to high value specialitychemicals.
Recently commissioned a new phenol & pharma grade acetone manufacturing unit and now focusing on downstream products like IPA, which is a pharma intermediate and also used in sanitizers.
The management is focused on import substitution and high value downstream products for its long term strategy.
Large market-low penetration
(Oct 2020) ₹1955
177%
Accord Fintech, NSE
₹706 (Dec 2019)
VGL is competitively placed in a large and growing sub $25 artificial jewellerymarket in the US & UK.
It is completely integrated from globally sourcing gems to selling under its own brand name in US & UK on its shopping channel on TV and streaming over the web.
Ventured onto e commerce marketplaces like Amazon.
Significant benefits of scale and operating leverage.
Ventured into new lifestyle products, sold through the existing platform to increase their wallet share of the customers.
50