abakkus smart focused alpha porolio
TRANSCRIPT
Abakkus SmartFocused Alpha Por�olio
• Abakkus is alpha focused asset management firm set-up in 2018 by Sunil Singhania.
• Sunil, a CA Rank Holder and CFA charter holder, has a distinguished track record of over 2 decades in Equity Investments. Earlier as CIO-Equities for Reliance Mutual Fund (now Nippon India Mutual Fund), he played an instrumental role in building RMF (now Nippon India Mutual Fund) into one of India’s largest AMCs overseeing ~USD 11bn of equity assets.
• Reliance Growth Mutual Fund (now Nippon India Growth Mutual Fund), independently managed by him, has the unique distinction of having grown over 100 times in 21 years. Reliance Small Cap Mutual Fund (now Nippon India Small Cap Mutual Fund) was rated amongst the top Mutual funds in its category.
• He is currently appointed on the IFRS Capital Markets Advisory Committee (CMAC) and the only member from India to be appointed for the same. (2020-2023)
• He served on the Global board of CFA Institute, USA (2013-2019) and as Chairman of the Investment Committee (2017-2019) of the CFA Institute, USA.
• Abakkus is managing ~ Rs 5,000** crs across AIF, PMS and Advisory platform.
INTRODUCING ABAKKUS INVESTMENT ADVISORS*
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Rahul Veera has over a decade of equity market experience.
• Prior to Abakkus Asset Manager LLP, he has been associated as an equity research analyst for organiza�ons like Edelweiss,Morgan Stanley, Elara capital and was tracking mul�ple sectors like Pharma, Chemicals, Oil & Gas, Cement, etc.
• His exper�se lies in stock selec�on across the market cap with strong focus on bo�om-up research.
• Rahul is MBA from Swansea, UK and alumnus of IIM Calcu�a with specializa�on in Finance.
ADVISOR PROFILE***
*Investment Advisory Division of Abakkus Asset Managers LLP, ** as on dated 31st MAY 2021, ***Person Associated with Investment Advice
• Believe in inves�ng with an endevour to generate alpha over the markets than just alloca�on within benchmark index• Growth companies where profitability is expected to grow higher than market average• Fundamentally underpriced stocks with reasonable growth expecta�ons to triggers• Mid Cap companies with a scalable business model and growth poten�al to become large cap
ALPHA GENERATORS
• Bo�oms up research with focus on Balance sheet
• Numbers speak more than presenta�ons and hype
• Returns ul�mately are all about earnings, earnings & earnings
FUNDAMENTAL DRIVEN
• Prefer to be first, early and/or only investors
• Don’t chase momentum
• Open to look at companies across sectors and market caps and business cycle
HAPPY TO BE CONTRARIAN
• Each investment opportunity is looked upon individual merit
• Not constrained to a par�cular theme or styleAGILE & FLEXIBLE
• Buy and hold
• Invest in a stock as if inves�ng in a business
• Think like a partner
PATIENT INVESTORS
• Es�mated expected returns in line with risk taken
• A good company might not necessarily be a good stock
• Focus on the price we pay, and value derived
• What is in the price?
RISK REWARD EQUATION
INVESTMENT PHILOSOPHY
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OUR PROPRIETARY ‘MEETS’ INVESTMENT FRAMEWORK
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MANAGEMENT EARNINGS EVENTS/ TRENDS TIMING STRUCTURAL
• Management quality is one of the most important variable
in the success of a company
• Managements with good clarity of thought, vision,
capability and aggression are the one which lead successful
enterprises, These are the quali�es investors like us look for.
• Equity markets give premium valua�on to capable
managements who have a consistent track record.
• One must be careful with regards to Corporate governance
issues and managements handling of minority shareholder's
interest. However, it is important to dis�nguish inten�onal
mishaps vs genuine business mistakes
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MEETS: MANAGEMENT
Source: www.shu�erstock.com/image-vector/core-values
MEETS: EARNINGS
• Focus is only on fundamentals
• A stock performance will eventually reflect its earnings
poten�al.
• Consistency, earnings growth and quality of earnings is what
we look for
• Good earnings visibility indicates the health and profitability of
a business and leads to be�er stock apprecia�on
• There is greater focus on conversion of profits into free cash
flow and strong balance sheet
• We look for companies that double their profits in 4 years or
less or EV/EBITDA can halve in 4 Years
6Source: h�ps://app.hedgeye.com
• We live in a disrup�ve era and it is important to be
mindful of both macro and micro events and trends that
can make or change fortunes of sectors and businesses
• Corporate Events like merger, demerger unlock value for
the shareholders.
• Such company events and economic trends are closely
tracked for opportuni�es
• Trends and themes like Digital, electrical mobility,
renewable energy etc offer newer opportuni�es for
investments.
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MEETS: EVENTS / TRENDS
Source: h�ps://arkansasgraphics.com/
• Its not possible to �me the market and we don’t
a�empt.
• As you can't �me the market, having pa�ence with
your investments is very crucial.
• Every company/sector goes through business cycles
and catching any upcycle leads to poten�ally higher
returns.
• We believe in the concept of mean-reversion
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MEETS: TIMING
Source: h�ps://www.investopedia.com/terms/m/marke�ming
• A developing economy like India offers mul�ple
structural opportuni�es which are secular and
mul� year.
• Changes in the technological usage, environmental
awareness & macroeconomic bring in structural
opportuni�es
• We look at such structural stories but are mindful
of the entry valua�ons
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MEETS: STRUCTURAL
Source: h�ps://www.thestatesman.com/opinion/the-quality-mystery-in-indias-economy
Chase Momentum We would let fundamentals drive our investment decision rather than price movements
Avoid the four “C”s
Churn Unnecessarily
Copy & Mimic
Analyze, research, be convinced and then BUY. Once done, STAY PUT. No needlesschurning of the por�olio
We will not be influenced by ‘herd mentality’. All investments have to be necessarilyworked internally
Credit Risk - Fractured Balance Sheet
We believe it is very difficult to rebuild a broken balance sheet and these stockseventually turn value traps and hence, are best avoided
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WHAT WE WON’T DO
PORTFOLIO CONSTRUCT
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Predominantly in Top 250 companies by
Market cap
• Investment Universe
200 companies
• Filtered for Management Quality , Corporate Governance, Sector headwinds, etc
120 companies• In-depth research,
Financials & bo�om up approach
20-25 companies
•Valua�on , favourable Risk-reward equa�on, diversifica�on , liquidity
KEY POINTS
Asset Class Alloca�on
Long only Indian listed Equity strategy
Category
Predominantly within Top 250 companies with select smaller companies to generate alpha
Research
Fundamental bo�om up stock picking backed by an experienced team
Rebalance
Ac�vely monitored strategy
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• Benchmark agnos�c diversified por�olio
• Fundamental based ideas picked via a bo�om-up approach
• Investment universe predominantly within Top 250 companies with focus on alpha genera�on along with stability and liquidity
• Select exposure in smaller companies to generate addi�onal alpha
• Investments with typically 3-5 years holding period
• Differen�ated por�olio adhering to our “MEETS” Framework
• Por�olio of ~25 companies, single stock exposure limited to less than 10% and sector exposure limited to below 30%
PORTFOLIO CHARACTERISTICS
Advisory Capital Contribu�on Rs. 5 Lakh and above
Client Suitability For core equity alloca�on for aggressive investors
Fixed fees 2.5% p.a. of the Assets under Advice. The Fees shall be charged on a quarterly basis.
FEATURES
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*Plus GST and all statutory levies as applicable.. For more details on fees, please refer to the client agreement.
RISK FACTORS
• Company risk: The performance of the model por�olio will depend upon the business performance of the Por�olio En�ty and
its future prospects. Investment Advisors focus on studying the business sustainability and studying the balance sheet will help
in mi�ga�ng these sector or company risks.
• Valua�on risk: Investment Advisor will assess the Por�olio en��es from varied valua�on parameters in order to establish
whether the valua�ons are reasonable while crea�ng the model por�olio and reassess the same from �me to �me.
• Market risk: Investment Advisor endeavours to create a por�olio of companies using bo�om-up fundamental research rather
than trying to �me the markets. However, the Investment Advisor will monitor the market and economic circumstances from
�me to �me that may affect the performance of the Por�olio en��es.
• Liquidity risk: While inves�ng in equi�es and Por�olio En��es, liquidity constraints are poten�al near-term risk while inves�ng
and disinves�ng the Por�olio en��es. The Investment Advisor endevaours to mi�gate the risks by crea�ng a diversified
por�olio with a medium to long term �me horizon.
• Other risks: The advisory por�olio offered by the Investment Advisor is suitable for clients with “Aggressive”/ “High Risk” risk
profile. The Investment Advisory does not offer any assured / guaranteed returns. Investments in securi�es is subject to market
risk.
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• OPPORTUNISTIC
• Greater flexibility in inves�ng compared to mutual funds
• PERFORMANCE
• Abakkus has a well-established performance track record since incep�on
• EXPERIENCE
• Backed by a well qualified and performing team of professionals that have experience across market cycles
• COMMITMENT
• Follow a start-up culture with a high degree of commitment, ethics and passion
• POSITIONING
• Differen�ated Alpha focused strategy
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WHY US: OUR ADVANTAGE
WHY INVEST IN INDIAN EQUITIES
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Key Contributors
� Domes�c demand driven economy, less dependent on global growth
� Large and growing middle class increased consump�on demand.
� Favorable demographics – more than 65% popula�on below 35 years of age, under penetra�on growth opportunity.
� Strong credit mechanism through a regulated banking and financial sector
� High savings rate
� Healthy capital inflows helping investments in industry and infrastructure
� A pragma�c government with focus on policy reforms and growth impetus
Source: Mo�lal Oswal Securi�es Limited, Data as on 30/04/2021, Wikipedia
India has grown at an average of 6.2% for last 33 years with no nega�ve annual growth. Low impact of Covid -19 on economy helped to gain Vshape recovery in FY21; however, if the crisis doesn’t materially escalate, FY22 could see double digit growth
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E
India GDP (USD bn)
Ist USD Trn 58
2nd USD Trn 7 yrs
3rd USD Trn 6 yrs
4th USD Trn 3 yrs
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INDIA MACRO: INDIA GROWTH OPPORTUNITY
Interest rates are lowInfla�onary pressures will con�nue to be benign
5.5
0
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2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
CPI - Monthly (% YoY)
6.2
5
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2017 2018 2019 2020 2021
G-Sec 10 Year
INDIA MACRO: STABLE MACRO
18Source: Bloomberg, Data as of March 2021
Stable crude prices helping import bill and fiscal deficit
65.4
0
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2017 2018 2019 2020 2021
Brent Crude (USD/bbl)
.. leading to first current account surplus in 17 yrs
1.28
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Dec-2012 Dec-2016 Dec-2020
Make in India ini�a�ves from GOI and global sourcing moving to "China+1" model, India has a strong chance to usher a meaningful private sector capex in manufacturing and infrastructure.
PLI Scheme: GOI approved the produc�on-linked incen�ve (PLI) scheme for 10 key sectors to boost local manufacturing that could add USD 520 billion to the GDP in the next five years.
Corporate Tax Rate: To encourage ‘Make in India’ policy, corporate tax rate was reduced from 25% to 15% for new manufacturing firms to make it compe��ve across Asian Countries
Reforms: Indian government has brought various reforms in Farm bill, Land and Labour for ease of doing business
Disinvestment: The govt of India has announced divestments and priva�za�on of select public sector companies and financial ins�tu�ons to bring efficiency and raise resources.
Focus on Growth: Government of India has in the Union Budget has announced fiscal s�mulus measures to help economy survive the Covid impact.
GOVERNMENT THRUST ON GROWTH
19Source: h�ps://in.pinterest.com/
MULTIPLE THEMES TO INVEST IN INDIA
Digital
IT & Services
Robust Financial System
Demographic
Consump�on
Rural and Agri
Pharma & Healthcare
Manufacturing & export (China +1)
Chemicals
Moderniza�on & Urbaniza�on
Metal & Commodi�es
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19.4
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13
17
21
25
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10 Year Avg: 18.8x
12-month forward Ni�y P/E (x)
• The Ni�y trades at a 12-month forward P/E of 19.4x, at a slightly higher to its long period average.
• However, given the low interest rate environment and with expecta�on of pickup in earnings momentum,markets don’t look materially expensive
VALUATIONS WITHIN COMFORT ZONE
21Source : Bloomberg, Data as of April 30th, 2021
• Globally high and cheap liquidity will stay for long is a consensus view.
• Infla�on risks can creep in forcing central banks to revisit their monetary stance
• Rising commodity and other costs are a risk to corporate profitability and can impact earnings growth.
• 2nd wave of medical emergency
• Re emergence of global trade or currency war
KEY MARKET RISKS
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DISCLOSURES AND DISCLAIMERS
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This Key Informa�on and Disclosure Document has been prepared inter-alia in pursuant to regula�on 18 of the Securi�es and Exchange Board of India (Investment Advisers) Regula�ons, 2013, as amended from �me to �me (the Regula�ons) and the Circulars, Guidelines and instruc�ons issued by SEBI thereunder from �me to �me. This document is intended only for the personal use of the prospec�ve investors to whom it is addressed or delivered and must not be reproduced or redistributed in any form to any other person without prior wri�en consent of Abakkus Asset Manager LLP (the “Investment Advisor”). This document does not purport to be all-inclusive / comprehensive, nor does it contain all the informa�on which a prospec�ve investor may desire for making decisions for engaging the Investment Advisor.
History, Present Business and Background
Abakkus Asset Manager LLP ('Abakkus') is a SEBI registered Por�olio Manager and Investment Advisor and offers por�olio management and advisory services to clients vide SEBI registra�on No. INP0006457 and INA000015729 respec�vely and is also the Investment Manager of Abakkus Growth Fund, a SEBI registered Category III Alterna�ve Investment Fund (AIF) vide SEBI registra�on No.IN/AIF3/18-19/0550.
Partners Name: (i) Mr. Sunil Singhania
Sunil Singhania, CFA, is the Founder of Abakkus Asset Management, LLP, an India-focused Asset Management Company established in 2018. Prior to this, in his role as Global Head – Equi�es at Reliance Capital Ltd., he oversaw equity assets and provided strategic inputs across Reliance Capital Group of companies including asset management, insurance, AIF and offshore assets. And as CIO – Equi�es, Singhania led Reliance Mutual Fund (now Nippon India Mutual Fund) equity schemes. Reliance Growth Fund (now Nippon India Growth Fund) grew over 100 �mes in less than 22 years under Singhania's leadership. Furthermore, he led Reliance Nippon Life Asset Management Ltd.'s (now Nippon Life India Asset Management) interna�onal efforts and was instrumental in launching India funds in Japan, South Korea, and the UK, besides managing mandates from ins�tu�onal investors based in the US, Singapore, and other countries. He is currently appointed on the IFRS Capital Market Advisory Commi�ee. (2020-2023). He was the Promoter of The Associa�on of NSE Members of India; a body of stockbrokers. He served on the Global board of CFA Ins�tute, USA (2013-2019) and as Chairman of the Investment Commi�ee (2017-2019) of the CFA Ins�tute, USA. He also sat on CFA Ins�tute's Standards of Prac�ce Council for six years and was the Founder of the Indian Associa�on of Investment Professionals (now CFA Society India) and served as its President for eight years. He is a CA rankholder and a CFA charterholder and graduated in commerce from the Mumbai University.
(ii) Abakkus Expert Professionals Private Limited: Abakkus Expert Professionals Private Limited is a Private Company, incorporated on 20 February 2018 in Mumbai under the Companies Act,2013. Its main objects are to act as financial consultants, management consultants, and provide advice, services, consultancy in various fields viz. general, administra�ve, secretarial, commercial, financial, and legal. Abakkus Expert is registered with PFRDA as Re�rement Advisor.
Affilia�on with other intermediaries
There are no affilia�ons with other intermediaries except that Abakkus has empanelled various financial intermediaries and / or financial ins�tu�ons and / or individuals for promo�ng / distribu�ng its various financial product offerings including availing theirs advisory / distribu�on / on-boarding pla�orm(s).
Disciplinary History / Complaint Status
(i) No penal�es/direc�ons have been issued by SEBI under the SEBI Act or Regula�ons made there under against Abakkus or its Partners, or employees rela�ng to Investment Advisory services.
(ii) There are no pending material li�ga�ons or legal proceedings, findings of inspec�ons or inves�ga�ons for which ac�on has been taken or ini�ated by any regulatory authority against the Abakkus or its Partners, or employees
(iii) For latest update on complaints kindly visit website: www.abakkusinvest.com
DISCLOSURES AND DISCLAIMERS
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Services offered and terms of offerings
(a) The Investment Adviser shall provide investment advice to the Clients rela�ng to inves�ng, purchasing, selling, or dealing in securi�es or investment products/asset classes such as shares, debentures, bonds, deriva�ves, securi�es instruments, structured products, units of MF/AIF/REIT/InvIT/ETF/PMS, private equity, alterna�ve asset class such as real estate, commodi�es, angel investment, offshore investment etc.
(b) The Investment Adviser provides advice on investment por�olio containing or any other investment product suitable to the Client's needs and on-going monitoring, periodic review, asset alloca�on and financial planning including analysis of Clients' financial posi�on, iden�fica�on of its financial goals and developing and recommending financial strategies to realise such goals.
(c) Investment Adviser undertakes that all such Investment Advisor services shall be offered to the client with no binding whatsoever and client shall be free to implement or execute the services with any distributor/broker/intermediary of his/her/its choice.
(d) The performance related informa�on stated by the Investment Adviser will be on a consolidated basis which would neither be verified nor approved by SEBI. The performance / returns of the stock across advised individual por�olios may vary significantly from the data depicted by the Investment Adviser. No claims may be made or entertained for any variances between the performance depic�ons and that of the stock within individual client por�olios. Neither the Investment Adviser, nor its Partners, employees, affiliates shall in any way be liable for any varia�on no�ced in the returns of individual por�olios. Performance of Abakkus shall have no bearing on the expected performance of an Individual Client Por�olio. Abakkus also does not guarantee or assure any minimum or risk free returns. Past performance of the financial products, instruments and the por�olio may or may not be sustained in future and should not be used as a basis for comparison with other investments.
Risk Factors
The value of the investments and the expected returns may be affected generally by factors affec�ng financial and securi�es markets, such as price and volume, vola�lity in interest rates, currency exchange rates, changes in regulatory and administra�ve policies of the Government or any other appropriate authority (including tax laws) or other poli�cal, economic, and other developments as detailed below:
Por�olio En��es/Companies Risk: The performance of the model por�olio will depend upon the business performance of the Por�olio En��es and Companies and its prospects. Investment Advisor focuses on studying the business and the sustainability with focus on studying the balance sheet will help the Investment Advisor in mi�ga�ng these sector or company risks.
Valua�on Risk: Investment Advisor will assess the Por�olio En��es from varied valua�on parameters in order to establish whether the valua�ons are reasonable while crea�ng the model por�olio and reassess the same from �me to �me.
Market Risk: Investment Advisor endeavours to create a por�olio of En��es /Companies using bo�om-up fundamental research rather than trying to �me the markets. However, in order to mi�gate Market Risk, the Investment Advisor will monitor and analyse the market and economic circumstances from �me to �me that may affect the performance of the Por�olio En��es.
Liquidity Risk: While inves�ng in equi�es and Por�olio En��es, liquidity constraints are poten�al near-term risk while inves�ng and disinves�ng the Por�olio En��es. The Investment Advisor endeavours to mi�gate the risks by inves�ng crea�ng a por�olio with a medium to long term �me horizon.
Other Risks: The advisory por�olio offered by the Investment Advisor is suitable for clients with “Aggressive”/ “High Risk” risk profile. The Investment Advisory does not offer any assured / guaranteed returns. Investments in securi�es is subject to market risk. Please read the Key Informa�on and Disclosure Document carefully before inves�ng.
The Investment Adviser shall not be liable or responsible for any loss or shor�all resul�ng on account of Non-Discre�onary Investment Advice. The views represented by Investment Adviser should not be taken as the basis for an investment decision.
DISCLOSURES AND DISCLAIMERS
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Holdings and Disclosure of Interest
Abakkus or its affiliates or employees/partners or funds advised/managed by Abakkus may have same or contra posi�ons in personal or fiduciary capacity the above securi�es/stocks. Investors should take cau�on while execu�ng the advice based on their risk/return profile and suitability.
Conflict of Interest
(i) Client understands that subject to the applicable laws, Abakkus may give advice or take ac�on in performing its du�es to other clients, or for its own accounts, that may or may not differ from advice given to or acts taken for the Client. Abakkus is not obligated to recommend to the Client, any security or other investment that Abakkus may buy, sell, or recommend for any other client or for its own accounts.
(ii) Abakkus or its affiliates may be involved in other financial, investment or other professional ac�vi�es which may on occasion cause conflicts of interest with the investment advisory services being provided to the Client. These include serving as directors, officers, advisers, or agents of other companies.
(iii) In addi�on to the investment advisory services, the Client may also choose to avail any other services inter-alia related to Por�olio Management Services/Alterna�ve Investment Fund Services as may be provided by its affiliates or through its separate division(s)/en��es. The Par�es may have to accordingly govern themselves by the terms and condi�ons as may be laid down or applicable in case of the aforemen�oned ac�vi�es subject to the following:
• As an en�ty: Abakkus, for its own proprietary purposes may invest / divest in various securi�es / investments, from �me to �me at its own discre�on which will be undertaken by a separate and dedicated team. The said segrega�on will ensure avoidance of conflict of interest with regard to the investment advisory and related business of the Company. Such proprietary investment transac�ons may at �mes be contrary to the investment advice or other related business or ac�ons inter-alia due to reasons such as different risk profile, returns expecta�on, investment objec�ve or risk percep�on of the en�ty being advised
• As its business ac�vi�es: Apart from providing investment advisory services through its separately iden�fiable division/en�ty called Abakkus Investment Advisor under Abakkus Smart Brand, Abakkus is also engaged in providing various financial services and in connec�on with any advice on securi�es or investment products so serviced, Abakkus may earn fees or remunera�on in form of management fees or any other fees by whatever name called.
• As its Partners or employees: Abakkus, its partners or employees may also advice or be connected with any fund house, por�olio manager, mutual fund/asset management company, alterna�ve investment funds, broking company or any other en�ty or its partners or employees offering any financial product (which may be part of investment advice) or undertake any execu�on services and accordingly they may earn management fees, for the same.
• Future business ac�vity: During the course of business, as part of normal business ac�vity, Abakkus, its partners or its affiliates may undertake any other business or register with SEBI or any other regulator or body for conduc�ng business ac�vi�es that may be directly or indirectly connected with its long-term business objec�ves in line with its Object Clause inter alia including corporate advisory etc.
However, the Client shall not be under any obliga�on to avail the execu�on, or any other such services offered by Abakkus Smart or Abakkus Investment Advisors, the division of Abakkus or affiliate of Abakkus. All fees and charges, wherever applicable, for such services shall be paid directly to execu�on service providers and not through the Investment Advisor.
DISCLOSURES AND DISCLAIMERS
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Other Disclosures
The informa�on shared by the Investment Adviser from �me to �me should not be construed as any form of advice, recommenda�on, or sugges�on, to buy or sell any securi�es or financial instruments or avail any services to any individual or en�ty. Investment Adviser shall not be responsible for the loss or damage (financial or otherwise) caused due to incorrect, inaccurate, or erroneous informa�on, details or data stated in the document(s).
Abakkus retains all the rights in rela�on to all informa�on contained in the document(s) shared from �me to �me.
Abakkus operates from within India and is subject to Indian laws and any dispute shall be resolved in the courts of Mumbai, Maharashtra only.
Abakkus declare that the data and analysis provided shall be for informa�onal purposes. The informa�on contained in the analysis shall been obtained from various sources and reasonable care would be taken to ensure sources of data to be accurate and reliable. Abakkus will not be responsible for any error or omission in the data or for any losses suffered on account of informa�on contained in the analysis. While Abakkus will take due care to ensure that all informa�on provided is accurate however Abakkus neither guarantees/warrants the sequence, accuracy, completeness, or �meliness of the report. Neither Abakkus nor its affiliates or their partners, directors, employees, agents, or representa�ves, shall be responsible or liable in any manner, directly or indirectly, for views or opinions expressed in this analysis or the contents or any systemic errors or discrepancies or for any decisions or ac�ons taken in reliance on the analysis. Abakkus does not take any responsibility for any clerical, computa�onal, systemic, or other errors in comparison analysis.
The Investment Advisor warrants that the contents of this Key Informa�on and Disclosure document are true to the best of the knowledge, belief, and informa�on of the Partners of Abakkus, however, assume no liability for the relevance, accuracy, or completeness of the contents herein.
The Investment Advisors (including its affiliates) and any of its Partners , officers, employees, and other personnel will not accept any liability, loss, damage of any nature, including but not limited to direct, indirect, puni�ve, special, exemplary, consequen�al, as also any loss of profit in any way arising from the use of this document in any manner whatsoever.
This document may include certain forward-lookingstatements which contain words or phrases such as “believe”, “expect”, “an�cipate”, “es�mate”, “intend”, “plan”, “objec�ve”, “goal”, “project”, "endeavor" and similar expressions or varia�ons of such expressions that are forward-looking statements. Actual results may differ materially from those suggested by the forward-looking statements due to risks, uncertain�es, or assump�ons. Abakkus takes no responsibility of upda�ng any data/informa�on.
This document cannot be copied, reproduced, in whole or in part or otherwise distributed without prior wri�en approval of the Investment Advisor.
Abakkus Investment Advisors or Por�olio Manager (including its affiliates) may offer services in nature of advisory, consultancy, sponsorship of funds, investment management of funds including category III AIF under SEBI registra�on number IN/AIF3/18-19/0550 for Abakkus Growth Fund and all its schemes, etc., which may be in conflict with the ac�vi�es of por�olio management services.
Prospec�ve clients are advised to review this document, Advisory Agreement, presenta�on(s), and other related documents carefully and in its en�rety. Prospec�ve clients should make an independent assessment, and consult their own counsel, business/investment advisor and tax advisor as to legal, business and tax related ma�ers concerning this document, the Advisory Agreement, and the other related documents before becoming interested in the Advisory Por�olio.
Tenure or investment horizon of typically investments advisory por�olio will have a medium to long term �me horizon of 3-5 years. The Investment Advisor may, at its discre�on if it deems fit, advise any Por�olio Investment beyond 5 years. The risks disclosed may affect por�olio performance.
DISCLOSURES AND DISCLAIMERS
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The informa�on contained in this document has been prepared for general guidance and does not cons�tute a professional advice /assurance and no person should act upon any informa�on contained herein without obtaining specific professional advice/Assurance. Neither the Investment Advisor nor its Affiliates or advisors would be held responsible for any reliance placed on the content of this document or for any decision based on it. Each exis�ng / prospec�ve client , by accep�ng delivery of this document agrees to the foregoing. The Investment por�olio are subject to several risk factors including but not limited to poli�cal, legal, social, economic, and overall market risks. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this document. The Investment Advisor is also registered with SEBI as a Por�olio Manager and Investment Manager to SEBI registered Category III Alterna�ve Investment Fund. Abakkus, its partners employees, PMS clients and AIF scheme may have exis�ng exposure to the stocks that form part of the investment advisory por�olio. Further, in view of the investment objec�ve and strategy of the PMS clients and AIF scheme there may be situa�ons where Abakkus may be selling a stock which is part of the advisory por�olio.
The advisory por�olio offered by the Investment Advisor is suitable for clients with “Aggressive”/ “High Risk” risk profile. The Investment Advisory does not offer any assured / guaranteed returns. Investments in securi�es is subject to market risk.
The informa�on can be no assurance that future results or events will be consistent with this informa�on. Any decision or ac�on taken by the recipient based on this informa�on shall be solely and en�rely at the risk of the recipient. The distribu�on of this informa�on in some jurisdic�ons may be restricted and/or prohibited by law, and persons into whose possession this informa�on comes should inform themselves about such restric�on and/or prohibi�on and observe any such restric�ons and/or prohibi�on. Unauthorized disclosure, use, dissemina�on or copying (either whole or par�al) of this informa�on, is prohibited. Abakkus will not treat recipient/user as customer by virtue of their receiving/using this report. Neither Abakkus nor its affiliates, directors, partners, employees, agents, or representa�ves, shall be responsible or liable in any manner, directly or indirectly, for the contents or any errors or discrepancies herein or for any decisions or ac�ons taken in reliance on the informa�on. The person accessing this informa�on specifically agrees to exempt Abakkus or any of its affiliates or employees from, any and all responsibility/liability arising from such misuse and agrees not to hold Abakkus or any of its affiliates or employees responsible for any such misuse and further agrees to hold Abakkus or any of its affiliates or employees free and harmless from all losses, costs, damages, expenses that may be suffered by the person accessing this informa�on due to any errors and delays.
Contact us
Website: www.abakkusinvest.com | Email: [email protected] | Tel: 022-68846600
Registered & Corporate Address:
Abakkus Asset Manager LLP, Abakkus Corporate Center, 6th Floor, Param House, Near Grand Hya�, Off Santacruz Chembur Link Road, Santacruz East, Mumbai - 400055.
LLPIN: AAM-2364; RIA Registra�on SEBI Number: INA000015729
Principal Officer/Compliance Officer Details:
Biharilal Deora, Phone no: +91 22 6884 6604
For Queries/Grievances:
Email: [email protected]; [email protected]
THANK YOU
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