Thought Leaders in Equity

Focused, Process Driven, Ideas Power house

THINK EQUITY. THINK MOTILAL OSWAL.

 Circulation Only
For Internal
MOAMC INVESTMENT PHILOSOPHY : FORTIFIED QGLP

Source: MOAMC Internal. Past performance may or may not be sustained in future. The above graph/stock/sector is used to explain the concept and is for illustration purpose only and should not used for development or
implementation of an investment strategy.
 Circulation Only
For Internal
RISK MANAGEMENT FRAMEWORK

Source: MOAMC Internal. Past performance may or may not be sustained in future. The above graph/stock/sector is used to explain the concept and is for illustration purpose only and should not used for development or
implementation of an investment strategy.
 Motilal Oswal AMC Presents
Motilal Oswal Growth Anchors Plus Fund
Founders Strategy – Portfolio Harnessing India’s
Entrepreneurial Energy

THINK EQUITY. THINK MOTILAL OSWAL.

WHY FOUNDERS
 FAMILY OWNED BUSINESSES ARE ADATABLE AND RESILIENT

Source: Mckinsey & Company. Past performance may or may not be sustained in future. The above graph/stock/sector is used to explain the concept and is for illustration purpose only and should not used for development or
implementation of an investment strategy.
 OUTPERFORMANCE BY NUMBERS MORE EFFICIENT

ROIC, % Capital Turnover, multiple (x)

11.9
Large Size 1.51 1.48
10
FOB 1.14 1.05
Non
11.7 FOB
Midsize
10.3

FOB Non FOB Large Size Midsize

Operating Margin, % (EBIT/Revenue) Revenue YoY Growth, %

10.6 Younger businesses 16.8

Large Size target rapid growth
9.1
+8.7 pp

8.1
13
Midsize
12.5 1 5 9 13 17 21 25
Years since
FOB Non FOB Founded Non FOB FOB

Source: Mckinsey & Company. Past performance may or may not be sustained in future. The above graph/stock/sector is used to explain the concept and is for illustration purpose only and should not used for development or
implementation of an investment strategy. Midsize companies in considered sample have annual revenue of $150mn to $5bn while large size have $5bn to $100bn. 5 year data for 2017-2022
 FAMILY OWNED BUSINESSES ARE FINANCIALLY PRAGMATIC
Average annual dividend yield, % Average Net Debt to Equity Ratio, %

3.8
91

3.4
3.3 3.3
86
85
3.0 3.0 84
2.9 83 83
82
2.7 81 81
2.6 2.6
78
2.3 76
2.2
73

2017 2018 2019 2020 2021 2022 2017 2018 2019 2020 2021 2022
FOB Non FOB FOB Non FOB

Family owned businesses on average have lower leverage ratios and distribute lower dividends on average since they focus more on growth

Source: Mckinsey & Company. Past performance may or may not be sustained in future. The above graph/stock/sector is used to explain the concept and is for illustration purpose only and should not used for development or
implementation of an investment strategy.
STAGGERING GROWTH IN FIRM VALUE DRIVEN BY FOUNDERS
FAVOURABLE RISK REWARD RATIO DELIVERED BY ENTREPRENEURS
SINGLE BUSINESSES TO LARGE ENTERPRISES
 TOP 10 WEALTH CREATORS OF 25 YEARS : ALL FOUNDER DRIVEN

Source: MOAMC Internal, WCS. Past performance may or may not be sustained in future. The above graph/stock/sector is used to explain the concept and is for illustration purpose only and should not used for development or
implementation of an investment strategy.
 Motilal Oswal Growth Anchors Plus Fund

THINK EQUITY. THINK MOTILAL OSWAL.

 INVESTMENT FRAMEWORK : HI QUALITY HI GROWTH

Source: MOAMC Internal. Past performance may or may not be sustained in future. The above graph/stock/sector is used to explain the concept and is for illustration purpose only and should not used for development or
implementation of an investment strategy.
 POTENTIAL BENEFICIARIES OF THE NEXT GROWTH WAVE

Themes Segments Probable Beneficiaries Our bet on the Jockey

Global Health Dr Naresh Trehan

Healthcare Infra Hospitals, Diagnostics, Pharmacy Retailing
Yatharth Hospitals & Trauma Care Dr Ajay Kumar Tyagi

Kalyan Jewellers TS Kalyanaraman

Luxury Consumption Leisure, Travel & Hospitality, Brands
Phoenix Mills Ramnarain Ruia

High AUM Growth retail focused lenders, Capital Markets, Jio Financial Services Mukesh Ambani
Financialization
Insurance Piramal Enterprises Ajay Piramal

eMudhra V Srinivasan
Tech & Tech Services New Age Consumer Tech, High Growth Tech
Zomato Deepinder Goyal

Amber Enterprises Jasbir Singh

Make in India Auto/EV, Capital Goods, Infra ancillaries, Defence
Tube Investments of India Vellayan Subbiah

Kaynes Technologies Ramesh Kunhikannan

China + 1 Chemicals, EMS, Textiles & Garments
Archean Chemical Industries Ranjit Pendhurti

Inox Wind Vivek Kumar Jain

Power Renewable Energy
Suzlon Energy Tanti Family

Source: MOAMC Internal. Past performance may or may not be sustained in future. The above graph/stock/sector is used to explain the concept and is for illustration purpose only and should not used for development or
implementation of an investment strategy.
 PROMOTER DRIVEN COMPANIES : DELIVERING HIGHER GROWTH IN PROFITABILITY METRICS

Source: MOAMC Internal. Past performance may or may not be sustained in future. The above graph/stock/sector is used to explain the concept and is for illustration purpose only and should not used for development or
implementation of an investment strategy. Data as of Dec’22
 PORTFOLIO UPDATE

POWER/ENERGY 11.7 Power/Energy, Construction/Infra, 3.5 MANUFACTURING/CAPEX 36.6

SUZLON ENERGY LTD 6.5 11.7 PTC INDUSTRIES LIMITED 4.7
Consumer
INOX WIND LIMITED 5.2 Services, 4.3 APAR INDUSTRIES LTD 4.5
Discretionary, 26.0
FINANCIAL SERVICES 10.4 DIXON TECHNOLOGIES INDIA LIMITED 4.4
PIRAMAL ENTERPRISES LIMITED 4.6 Realty, 9.1 KAYNES TECHNOLOGY INDIA LIMITED 4.4
ANGEL ONE LIMITED 3.0 ARCHEAN CHEMICAL INDUSTRIES LIMITED 4.0
IDFC LIMITED 2.8 ZEN TECHNOLOGIES LIMITED 3.9
REALTY 9.1 CG POWER AND INDUSTRIAL SOLUTIONS 3.8
PRESTIGE ESTATES PROJECTS LIMITED 4.7 SAMVARDHANA MOTHERSON 3.7
Financial
PHOENIX MILLS LTD. 4.4 GUJARAT FLUOROCHEMICALS LIMITED 3.2
Services,
SERVICES 4.3 10.4 CONSUMER DISCRETIONARY 26.0
EMUDHRA LIMITED 4.3 Manufacturing ZOMATO LIMITED 6.9
/Capex, 36.6 Healthcare/Pharma,
CONSTRUCTION/INFRA 3.5 KALYAN JEWELLERS INDIA LIMITED 6.1
2.5
TITAGARH RAIL SYSTEMS LIMITED 3.5 TRENT LTD. 4.8
HEALTHCARE/PHARMA 2.5 RADICO KHAITAN LTD. 4.2
GLOBAL HEALTH LIMITED 2.5 Founders Plus BSE 500 AMBER ENTERPRISES INDIA LIMITED 4.0

Large Cap 14.9

71.3

Mid Cap 38.5

18.3

Small Cap 46.6

10.2

Source: MOAMC Internal. Past performance may or may not be sustained in future. The above graph/stock/sector is used to explain the concept and is for illustration purpose only and should not used for development or
implementation of an investment strategy. Data as on Aug 24
 PERFORMANCE UPDATE

Inception
Strategy Returns FYTD CYTD 1M 3M 6M 1Y SI
Date
Growth Anchors 27.5% 36.5% 3.8% 22.8% 30.7% 56.4% 56.1%

BSE 500 16.9% 21.9% 0.8% 12.3% 17.9% 39.5% 33.2% 1 Feb 23

Alpha 10.6% 14.6% 3.0% 10.5% 12.8% 16.8% 22.9%

Growth Anchors Series 3 25.6% 3.7% 22.3% 27.5% 27.3%

BSE 500 16.9% 0.8% 12.3% 17.9% 18.6% 9 Feb 24

Alpha 8.7% 2.9% 9.9% 9.6% 8.7%

Source: MOAMC Internal. Data as of Aug’ 24. Past performance may or may not be sustained in future. The above graph/stock/sector is used to explain the concept and is for illustration purpose only and should not used for
development or implementation of an investment strategy.
KEY TERMS AND STRUCTURE OF THE FUND
Share Mgmt fees Carried interest
Name of the Motilal Oswal Growth Anchors Plus Min Commitment Type Hurdle rate
Class p.a. without catch up
Scheme Fund
B1 1<5 2.50% Drawdown
15 years from first close + 2 years B2 5<10 2.00% Drawdown
Tenure
extension provision B3 10<25 1.50% Drawdown
B4 25<50 1.25% Drawdown
30% initial contribution followed by
Drawdown B5 >=50 1.00% Drawdown
other at the discretion of IM/10% initial
Structure
followed by 9 equal SIPs B6 1<5 2.50% SIP NA

B7 5<10 2.00% SIP

Exit Load from
1% until 12 months B8 10<25 1.50% SIP
each allotment
B9 25<50 1.25% SIP
Monthly. Redemption requests shall B10 >=50 1.00% SIP
Redemption only be executed for investors who
have contributed 100% capital C1 1<5 1.50% Drawdown 20% 10%
C2 5<10 1.25% Drawdown 20% 10%
Final Close Upto 12 months from first close C3 >=10 1.00% Drawdown 15% 8%
C4 1<5 1.50% SIP 20% 10%
Commitment C5 5<10 1.25% SIP 20% 10%
Upto 12 months from final close
Period
C6 >=10 1.00% SIP 15% 8%
In case of defaults in SIP/Drawdown, penalty of 8% + GST shall be levied on entire Capital Commitment. Please refer PPM for further details. Redemption requests shall be executed only in case
of investors who have given 100% commitment
Please Note: Cheques/RTGS/Fund Transfers should be made in the name of Motilal Oswal Vision 2030 Fund Series II. The same to be made in the name of Motilal Oswal Growth Anchors Plus Fund
until further communication. (This is due to operational requirements).
The name change of the scheme from Motilal Oswal Vision 2030 Fund Series II to new name of Motilal Oswal Growth Anchors Plus Fund is currently under process; hence the commitment amount
shall be accepted in bank account of former name till the name change process is completed.
 FUND MANAGERS
 Abhishek Anand brings 20+ years of experience in financial services/equity

 Prior to joining MOAMC, he has had a stellar career with Centrum spanning more than a
decade – starting as an analyst and up to fund manager

 He has an experience of ~10 years as a portfolio manager

 Previous Organizations : SBI Capital, Dun&Bradstreet, Centrum Wealth Management

Abhishek Anand and Centrum Broking

 Vaibhav Agrawal is currently managing ~10,000Crs AUM at Motilal Oswal AMC across
alternate products

 He has also managed a proprietary PMS and has over a decade in stock picking and
generating index beating returns

 He has worked as a ratings analyst at CRISIL and investment analyst at Motilal Oswal
Vaibhav
AMC
Agrawal
 He holds a bachelors in Computer Science from the University of Pennsylvania and an
MBA from London Business School
Source: MOAMC Internal. Past performance may or may not be sustained in future. The above graph/stock/sector is used to explain the concept and is for illustration purpose only and should not used for development or
implementation of an investment strategy.