Vigilant Victors: Investment Diary 2019

Venkatesh, A and Subhajit, Bhattacharjee and Tanvi, N and Debdeep, Mandal Vigilant Victors: Investment Diary 2019. TAPMI, Manipal.

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Vigilant Victors’ guiding philosophy was to implement a top down approach and invest in fundamentally good stocks given our 4-month time horizon. The purpose of the course was investing based fundamentals and not on speculative trading. We had clearly defined roles in our 6-member team with each member following a separate sector. This approach helped us track the market with precision. We then decided on sectors in which we had to invest. We analyzed the domestic and global market conditions for the same. During the investment horizon, we were given a corpus of Rs 1.5 Lakhs. In our top down approach, we selected 6 sectors to follow. We did basic shortlisting based on Market Cap more than 300cr and positive FCF and Net Income. We have used industry specific ratios for further filtering. After that, the stocks have been monitored following our risk management strategies. We optimized our portfolio using Sortino Ratio. Maximum weight to one stock was capped at 15% and maximum weight to each sector was capped at 40%. Based on the fund risk profile, we arrived at a hard stop loss of 10% for each stock. We also had a close watch on stocks that retraced 50 or 61.8% of its up-move. We did not use VAR as a risk management strategy since the expected volatility was high during the investment period owing to elections and budget. Lookback period was less volatile.

Item Type: TAPMI Special Reports
Subjects: Finance
Finance > Investments
Divisions: Finance and Strategy
Depositing User: Mr. Muralidhara D
Date Deposited: 03 Jun 2020 04:25
Last Modified: 03 Jun 2020 04:25

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