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AxisDirect-O-Nomics
Jul 27, 2018 | Source: AxisDirect
This smallcase, made of companies showing healthy and sustainable growth rate has a CAGR of 40.12%. This smallcase has provided past 1 year returns of 23.41%
Why should you invest in this smallcase?
Markets tend to ignore proven performers in favour of new companies experiencing supernormal growth. However, supernormal growth rates are usually unsustainable. When the growth rates drop to normal levels, these market darlings fall out of favour.
•This smallcase consists of companies that have been recording higher sales and earnings.
•Additionally, only the companies experiencing increasing cash flows and available at low valuations compared to their peers are included in this smallcase
Click here to invest in this smallcase now!
How is this smallcase built?
Model based smallcases like Sustainable Earnings are based on different fundamental and technical criteria like EPS, valuation ratios, price momentum etc. The generic process followed to build these smallcases is
1.Defining the universe
All publicly traded companies on the National Stock Exchange of India, covering 90% market capitalization, are included in the universe
2.Stock screening
•Proprietary liquidity filters are applied to remove ill-liquid stocks from the universe
•A special check is applied to remove stocks, where a significant part of the promoter holdings are pledged, to define the investable universe investable
•The model criteria identified in the previous step is applied on the investable universe to select qualifying stocks
•Final stocks are selected on the basis of combined rank calculated using various parameters like valuations, market share growth, earnings growth, profitability, earnings quality, intrinsic value & institutional holdings
3.Research
The smallcase Research team studies research papers and documented investment philosophies and strategies. Ideas and strategies are then adapted for the Indian markets, with which a criteria for stock screening is finalized
4.Weighting
This list of selected stocks is equal weighted
5.Historical back testing
All model based smallcases are checked for historical outperformance to ensure that only consistently outperforming models are selected
CAGR
AxisDirect-O-Nomics
smallcase
Sustainable