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ASK Indian Entrepreneur Portfolio

Did You Know?


Series 2 Q3 FY 16 Update
"Measure what is measurable and make measurable what is not so"
(Galileo)

Did You Know?


IEP invests into Indian entrepreneurial businesses of size,
superior quality and high growth at fair valuations

Year-on-Year Growth for IEP (9 month FY16 over


9 month FY15)

IEP follows a very rigorous, disciplined, strong filters-based


investment approach, while embracing value-creating traits.
On a portfolio weighted average basis, the year-on-year (y-o-y)
Sales growth for the stocks in IEP (9 month FY16 over 9 month
FY15) has been 16.6% as compared to -5.1% for Nifty (refer
adjoining table).

Source: Bloomberg, Internal Research

Similarly, the y-o-y growth in Operating Profit has been 23% for
IEP as against 2.7% for Nifty, while Profit after Tax (PAT) growth
Absolute
astoon-3.7%
September
has been
22% for Performance
IEP as compared
for Nifty.20
Sales for 18 out of the 20 firms in the portfolio had grown for
the said time frame, and 6 companies reported a Sales growth
in excess of 20%.
For the first 9 months in FY16, 18 out of the 20 portfolio
companies showed a growth in Operating Profit, while 11
companies have reported an increase of more than 20% in
Operating Profit.
PAT for only 3 businesses reported a y-o-y decline for the first 3
quarters ending Dec 2015, while 14 businesses had their PAT
grown by 18% or more.

Presenting

ASK Indian Entrepreneur Portfolio


Endeavours to participate in the growth offered by high
growth, high quality, superior governance entrepreneurial
businesses.

Disclaimers: The securities investments are subject to market risk and there is no assurance that the objectives of the Portfolio concepts / products will be achieved. Investors are not being offered any
guaranteed or assured return on the Portfolio. The past performance does not in any manner indicate the future performance of the Portfolio. The companies / sectors referred to in this docu ment are only for
the purpose of explaining the concept of Indian Entrepreneur Portfolio and should not be construed as recommendations from ASK Investment Managers. The readers should exercise due caution and / or seek
independent professional advice before making any investment decision or entering into any financial obligation based on information, statement or opinion which is expressed herein. All opinions, figures,
charts / graphs, estimates and data included in this note are subject to change without notice. The data used in this material are obtained by the Portfolio Manager from sources which it considers reliable.
While utmost care has been exercised while preparing this document, ASK Investment Managers does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and
damages arising out of the use of this information. Performance numbers are average of all clients under the strategy.

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