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OUR SERVICES

At Anived, we take pride in acting as stewards in long-term wealth creation for our clients. In our role as investment managers as well as advisors, our strategies are designed by keeping in mind the investment objective of different investors. The heart of all our offerings and strategies can be best summarized by Warrant Buffet’s famous quote.

“There are two rules for successful investing they are:

  1. Do not lose money
  2. Never forget rule number 1”

We offer our services through three engagement models. Though the level of engagement and fee structure varies between the three models varies, the core investment philosophy of long-term compounding and capital protection remains unchanged.

  • Discretionary PMS

    Investment choices and decisions solely rest with the Portfolio Manager.

  • Non-discretionary PMS

    Portfolio manager only suggest the investment decisions. Choice and decisions solely rest with the investor. However execution of trade is done by the portfolio manager.

  • Investment Advisors

    Portfolio manager only suggests the investment decisions. Choice as well as execution of investment decisions rest with the Investor.

As part of our ‘Discretionary PMS’, our clients can avail “ANIVED LONG-TERM COMPOUNDING FUND” scheme. The salient features of the scheme are described below.

ANIVED LONG-TERM COMPOUNDING FUND

Brief Description:

  • Focus on earning a moderate but consistent return with high risk protection than have a high but volatile return.
  • Focus on a company’s ability to consistently create value for shareholders rather than restricting to factors like ‘growth’, ‘value’ or ‘earnings momentum’.
  • Prefer certainty of earnings compared to just earnings growth.

Investment Approach:

  • Buy and Hold strategy.
  • Low portfolio churn

Investment Horizon:

  • Long Term (2 Years +)

Benchmark:

  • S&P BSE 500

Investment Philosophy:

Investment decisions will be based on our ‘CAGR*BMQ’ investment framework. Here ‘CA’ stands for capital efficiency, ‘GR’ for growth potential and ‘BMQ’ for business and management quality.

CAGR constitutes of quantitative factors and gives an objective analysis of the company. Whereas, BMQ constitutes of qualitative factors and offers a subjective view of the company.

The framework of our investment philosophy rests on five important pillars to identify high quality companies. The pillars are – growth potential, capital efficiency, business quality, management quality and valuations. The first four parameters are business related whereas valuations determine entry/exit strategy for investment purposes.

Based on our analysis of these business-related parameters, we classify the companies into quality categories – ‘High Moat’, ‘Limited Moat’ and ‘No Moat’.

We focus on ratios of return on equity (RoE), return on invested capital (RoIC) and EBITDA-to-FCFF conversion to judge the capital efficiency. A desirable company must have a minimum long-term average RoE and RoIC of ~20%.

Portfolio Characteristics:

  • The number of the stocks in the portfolio will be around 20. The portfolio will be diversified across the sectors and market capitalization.
  • Individual stock weights will be depending on the rating suggested for a stock by our investment framework. The portfolio will maintain atleast 50% of its funds in stocks that are rated ‘high moat’ by the investment framework.

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