Inception date: Sept. 1, 2023
|Since inception||One month||Three months||Six months||One year||Aum in crore|
|Wright Alpha Fund||7.75||3.15||--||--||--||3.36|
|BSE 500 Total Return Index||-0.71||-2.86||--||--||--||--|
As of date: Nov. 1, 2023
This portfolio management strategy has been running as a model portfolio in our advisory setup for four years
The backtested results for this strategy are as follows:
The primary objective of the Wright Alpha Fund is to provide long-term capital appreciation by strategically investing in a concentrated portfolio of Indian equities. Our fund seeks to consistently outperform the benchmark through a disciplined, concentrated momentum-based approach, capitalizing on market anomalies and meticulously chosen investment opportunities. While the emphasis is on creating a robust growth trajectory, risk management is given equal importance to ensure the safeguarding of investor capital in various market scenarios.
The Wright Alpha Fund employs a disciplined, quantitative momentum investment process. This fund has a concentrated risk with only 10 stocks in the portfolio.
Our investment team uses an academically backed, data-driven approach to identify securities with attractive characteristics based on momentum. The portfolio is structured to be well-diversified across sectors, limiting sector-specific risks and ensuring balance.
We complement this process with weekly rebalancing, fine-tuning the portfolio composition based on evolving market conditions and investment outlook. Additional adjustments may be made on a weekly basis, in response to significant market events.
Our investment approach centers around dynamic asset allocation. Recognizing the cyclical nature of the markets, we adjust allocations among momentum factors and hedged exposure based on market conditions and expected returns.
Our disciplined investment approach, coupled with an agile asset allocation strategy, enables us to capitalize on opportunities across different market conditions, reducing risk and enhancing potential returns. We strive for a balance between protecting capital and growing assets, delivering a portfolio that can weather market volatility and thrive in favorable conditions.
Investing in the Wright Alpha Fund provides several key advantages:
As of date: Nov. 1, 2023
|Current Average PE Ratio||29.8|
|Current Large Caps||14%|
|Current Mid Cap||20%|
|Current Small Cap||66%|
Founder and Portfolio Manager
Masters in Financial Engineering, Worldquant University
Bachelor of Technology, IIT Kanpur
|Only Flat Fee|
|Only Performance Fee with 10% hurdle OR BSE 500 as hurdle|
A Portfolio Management Service (PMS) is a professional service where investment portfolios are managed by a portfolio manager on behalf of a client. The portfolio manager makes all investment decisions, such as strategy selection, asset allocation, and security selection, based on the client's investment goals, risk tolerance, and other relevant factors.
There are three types of portfolio management services:
In India, Portfolio Management Services (PMS) are typically offered to high net worth individuals, corporate bodies, institutional investors, and non-resident Indians (NRIs) due to the high minimum investment requirement.
The Securities and Exchange Board of India (SEBI), the regulatory body for securities markets in India, has set the minimum investment limit for PMS at INR 50 lakhs.
Here are the steps after you have chosen to invest in the Wright PMS. Please note that our expert onboarding will coordinate and help you in finishing these steps with minimum hassle.
Portfolio Management Services (PMS) offer several potential benefits, especially for high net worth individuals (HNIs) who can meet the minimum investment requirements. Here are some key benefits:
The tax liability of a PMS investor would remain the same as if the investor is accessing the capital market directly. However, the investor should consult his tax advisor for the same. The Portfolio Manager ideally provides audited statement of accounts at the end of the financial year to aid the investor in assessing his/ her tax liabilities.