MOMENTUM ALPHA MODEL PORTFOLIO™

Manjushri Sharma

Momentum Alpha Model Portfolio™ is an aggressive equity portfolio designed to capture high-growth opportunities by investing in fundamentally sound companies exhibiting strong price momentum and positive earnings trends. The portfolio follows a disciplined momentum investing approach that combines technical strength with fundamental quality to identify stocks capable of outperforming the broader market. It is suitable for investors seeking superior long-term capital appreciation while accepting higher short-term market volatility.

TACTICAL OPPORTUNITY MODEL PORTFOLIO™

Manjushri Sharma

Tactical Opportunity Model Portfolio™ is an actively managed equity portfolio designed to capitalize on short- to medium-term market opportunities arising from sector rotation, earnings momentum, macroeconomic developments, valuation dislocations, and changing market trends. Unlike traditional buy-and-hold portfolios, this strategy dynamically reallocates capital toward sectors and companies exhibiting superior risk-reward potential. The objective is to generate alpha by adapting to evolving market conditions while maintaining a disciplined research-driven investment process.

Dynamic Multi-Asset Portfolio

Aditya Umesh Hujband

Factsheet of Dynamic Multi-Asset PortfolioType of Model Portfolio: Multi-Asset PortfolioLaunch Date: 22nd April 2026Risk Level: HighMethodology: This portfolio follows a balanced and diversified investment strategy designed to optimize risk-adjusted returns. The methodology is based on the following key principles:1. Diversification Across Market CapitalisationLarge-Cap and Mid-Cap Allocation (Up to 60%): Stability and steady growth from well-established companies.Small-Cap Allocation (Up to 20%): Exposure to emerging companies with long-term growth opportunities with limited risk.2. Exposure to Alternative Assets for Risk HedgingGold ETF & Silver ETF (Up to 30%): May act as a hedge against market volatility and inflation.Debt ETF (Up to 20%): Provides stability and liquidity to the portfolio.3. Tactical Allocation Based on Market ConditionsThe portfolio weightage is flexible and subject to periodic review based on macroeconomic conditions, valuation metrics, and emerging opportunities.When Equities or Gold are overvalued, a portion may be shifted to Debt for stability. When Equities or Gold are undervalued, more allocation can be directed towards Equity or Gold.Adjustments are made within the framework to enhance returns and mitigate risks.This methodology ensures a structured yet dynamic approach to portfolio management, aligning with changing market conditions while maintaining a balance between growth, stability, and risk mitigation.Investment Horizon: up to 6 MonthsFrequency of portfolio review and update: The model portfolio does not follow a fixed review schedule. Instead, it is assessed dynamically based on prevailing market conditions, macroeconomic developments, and emerging investment opportunities.Portfolio rebalancing, if required, is conducted within the overall framework of the model portfolio to optimize risk-adjusted returns. Any changes, along with the underlying rationale, will be communicated to clients in a timely and transparent manner.Risk Disclosures for the Model Portfolio:The model portfolio carries inherent market risks that investors should be aware of. The key risks associated with this portfolio are as follows:1. Market Risk: The portfolio is exposed to fluctuations in equity markets, which may lead to volatility in returns.2. Interest Rate Risk: The Debt ETF allocation is subject to interest rate movements. Any changes in interest rates may negatively impact bond prices, affecting portfolio stability.3. Gold Price & Silver Price Volatility: The Gold ETF & Silver ETF allocation, while acting as a hedge, is subject to international price fluctuations and currency exchange rates. A sharp decline in prices may impact portfolio performance.4. Liquidity Risk: Some ETFs may have lower liquidity, leading to challenges in executing trades at desired prices, especially in volatile market conditions.5. Rebalancing & Tactical Risk: The portfolio does not follow a fixed review schedule and adjustments are made based on market conditions. Delays in rebalancing or changes in asset allocation may impact expected risk-return dynamics.6. Inflation & Economic Risks: Macro-economic factors such as inflation, GDP growth, and geopolitical events can impact overall market performance and, in turn, portfolio returns.Risk Management ApproachDiversification across asset classes, sectors, and market caps helps reduce concentration risk.The presence of Debt ETFs may provide downside protection.Investors should align their risk tolerance with the portfolio's risk profile before investing.Benchmarking of the Model Portfolio:The Nifty 500 Index has been chosen as the benchmark for this model portfolio, as it represents the broader Indian equity market, covering large-cap, mid-cap, and small-cap stocks. Given the portfolio’s diversified nature, Nifty 500 provides an appropriate reference for performance evaluation. Since Nifty 500 encompasses companies across different growth cycles, it serves as an effective reference point for assessing the relative performance of the model portfolio.The portfolio’s returns will be compared against the Nifty 500 Total Return Index (TRI), which includes dividends for a more accurate performance assessment. Any significant deviations from the benchmark will be analysed, and rebalancing decisions, if necessary, will be communicated accordingly.Model Portfolio – Key NotesPricing Methodology: For calculation purposes, closing price will be considered as the entry or exit price for any security. This approach ensures consistency and fairness in tracking portfolio performance.Performance Calculation: Portfolio performance will be measured from its launch date, assuming the initial NAV (Net Asset Value) as 100. Returns will be calculated based on the portfolio’s movements over different timeframes.Cash Flows & Rebalancing Adjustments: Any cash inflows or outflows arising from rebalancing, dividends received, or corporate actions will be accounted for in the cash balance. The next portfolio update will include a detailed annexure reflecting these changes along with proper workings.Dividend & Corporate Actions Treatment: Any dividends received will be considered in cash balance, and their impact will be reflected in the next update. Corporate actions like stock splits, bonus issues, or rights issues will be adjusted in the portfolio allocation accordingly.Rationale for the Model Portfolio:This model portfolio is structured to optimize risk-adjusted returns by diversifying across multiple asset classes - equities, gold, silver and debt. The primary objective is to achieve long-term capital appreciation while maintaining stability during market fluctuations. Each asset class serves a specific role in enhancing returns and mitigating risks, ensuring a well-rounded investment strategy.1. Equity Allocation – Growth & Wealth CreationEquity investments form the core of this portfolio, with exposure to large-cap, mid-cap, and small-cap stocks. This allocation provides a balance between stability and high-growth potential.Nifty Bees ETF – Large Cap StabilityTracks the Nifty 50 Index, offering exposure to India’s top 50 companies. Provides steady and relatively lower-risk returns due to established businesses with strong fundamentals. Suitable for long-term capital appreciation with lower volatility.Junior Bees ETF – Emerging Large Cap / Next 50 GrowthTracks the Nifty Next 50 Index, which includes companies just below the top 50 and potential future leaders of the market. These businesses are typically in a high-growth phase and may eventually move into the Nifty 50, offering strong upside potential. Compared to large caps, they carry slightly higher volatility but can deliver superior returns over the long term. Ideal for investors looking to capture early growth in tomorrow’s blue-chip companies while maintaining diversification.Nippon Nifty Midcap 150 ETF – Growth-Oriented MidcapsInvests in mid-cap companies, which offer higher growth potential compared to large caps. Midcaps tend to outperform in a growing economy but come with moderate volatility. Ensures diversification within the equity segment by capturing mid-cap opportunities.HDFC SML 250 ETF – High Growth Potential in Small CapsFocuses on small-cap stocks, which have the highest potential for rapid growth. Suitable for investors with a higher risk appetite, as small caps are more volatile. Complements the portfolio by adding exposure to emerging businesses.Gold Bees ETF – Stability in Uncertain Markets:Provides exposure to gold, which historically performs well during financial crises. Helps reduce portfolio volatility by acting as a defensive asset. Suitable for long-term wealth preservation and diversification.Silver Bees ETF – Industrial + Precious Metal Opportunity: Provides exposure to silver, a unique asset that combines precious metal stability with strong industrial demand (electronics, solar, EVs). Tends to perform well during economic expansion due to rising industrial usage, while also acting as a partial hedge in uncertain times. Compared to gold, silver is more volatile but offers higher upside potential.Liquid Bees – Safe & Liquid Asset Invests in money market instruments, offering safety and liquidity. Helps in capital preservation while earning a minimal return. Acts as a cash-equivalent holding for rebalancing or emergency liquidity.Disclaimers: 1. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.2. We do not give any assurance or guarantee of profit or protection from loss in any form. We only provide research recommendations. We do not provide any service based on profit sharing, fixed returns, or similar services.3. The research analyst or research entity or his associate or his relative does not have financial interest in the subject companies.4. The research analyst or its associates or relatives does not have actual/beneficial ownership of one percent or more securities of the subject companies, at the end of the month immediately preceding the date of publication of the research report/ document or date of the public appearance.5. The research analyst or his associate or his relative does not have any other material conflict of interest at the time of publication of the research document/ Model Portfolio or at the time of public appearance.6. The research analyst or its associates does not have received any compensation from the subject companies in the past twelve months. The research analyst or its associates does not have managed or co-managed a public offering of securities for the subject company in the past twelve months.7. The research analyst or its associates does not have received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months.8. The research analyst or its associates does not have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months. The research analyst or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research document.9. The research analyst has not been engaged in market-making activity for the subject company. The research analyst has not served as an officer, director or employee of the subject company.10. The research analyst did not receive any compensation or other benefits from the companies mentioned in the documents or third parties in connection with the preparation of the research documents. Accordingly, the research Analyst does not have any material conflict of interest at the time of publication of the research documents.Important Notes:a) These Research Services are provided by Aditya Hujband (Research Analyst License No. INH000011185).b) We do not give any assurance or guarantee of profit or protection from loss in any form.c) The securities quoted, if any, are for illustration only and are not recommended. The returns displayed are for informational purposes only and should not be considered advertisements or promotions influencing your subscription decisions.d) Past performance does not ensure future performance. Notwithstanding all efforts to conduct the best research, clients should understand that investing in securities involves the risk of loss of both income and principal. Please ensure that you fully understand the risks involved in the investment.e) There is a possibility of communication failures via electronic means, such as technical issues with the website or platform, E-mail/WhatsApp messages, which may be beyond our control.

Advantage AI

Kushal Bipin Lakhani

Advantage AI — Modelfolio RationaleThe Indian technology sector is undergoing a fundamental transformation driven by Artificial Intelligence. While the broader market often reacts to this shift with uncertainty, we believe it represents one of the most significant structural opportunities in India's technology landscape.Our thesis is straightforward. Artificial Intelligence is not the end of the IT sector. It is the next evolution of it. The companies that actively embrace AI, integrate it into their service delivery, win AI-led deals, and build proprietary AI platforms will emerge as the leaders of the next technology cycle. This modelfolio is built to capture that leadership.Target InvestorThis modelfolio is suited for investors with a minimum investment horizon of 12 to 18 months, a moderate-to-high risk appetite, and a conviction in India's long-term AI and technology story. It is a high-conviction, curated portfolio built for investors who believe in backing quality businesses at the right price.

All-Weather Growth Folio

Kushal Bipin Lakhani

🌦️ All-Weather Growth Folio📌 Portfolio OverviewThe All-Weather Investing Basket is a stocks-only, diversified core portfolio designed to deliver consistent long-term compounding across market cycles.Instead of relying on market timing or short-term themes, the portfolio combines different types of businesses—financials, consumption, infrastructure, healthcare, energy, technology, and market infrastructure—so performance does not depend on any single economic outcome.The objective is to balance growth and stability, reduce portfolio volatility, and help investors remain invested through varying market conditions.🎯 Investment ObjectiveGenerate low-to-mid teen returns over a full market cycleReduce drawdowns compared to concentrated or thematic portfoliosAct as a core long-term equity allocationDeliver smoother compounding through disciplined diversification🧠 Core Investment PhilosophyThe portfolio is built on the following principles:1️⃣ Diversification by Business RoleRather than diversifying only by sector, the portfolio diversifies by economic role, combining businesses that benefit from:Credit and financial activityConsumer demandInfrastructure and capital expenditureTechnology adoptionHealthcare servicesEnergy and inflation-linked trendsCapital market participationThis structure allows different parts of the portfolio to perform during different phases of the economic cycle.2️⃣ Preference for Cash-Generating, Scalable BusinessesThe portfolio focuses on businesses that demonstrate:Strong cash-flow generationSustainable return on capitalBalance sheet strengthLong-term structural demandThis helps reduce reliance on speculative or binary outcomes.3️⃣ Balance Between Growth and StabilityGrowth-oriented businesses are complemented with:Defensive and non-discretionary segmentsBusinesses with relatively predictable earningsCompanies with pricing power or essential servicesThis balance helps smooth volatility without compromising long-term growth.4️⃣ Long-Term, Process-Driven ApproachThe strategy follows a disciplined investment process that emphasises:Long holding periodsPeriodic review and rebalancingAvoidance of frequent churnProcess over short-term market prediction🧱 Portfolio Construction LogicThe portfolio combines:Financial backbone businesses that provide stability and compoundingConsumption-linked businesses that benefit from economic growthInfrastructure and industrial businesses linked to long-term capital expenditureTechnology and services businesses providing innovation-led growthHealthcare businesses offering defensive earnings stabilityEnergy-linked businesses acting as an inflation and commodity cycle hedgeMarket infrastructure businesses benefiting from rising participation in capital marketsTogether, these elements create a portfolio designed to remain resilient across different market environments.📈 Expected Return & Risk ProfileRecommended holding period: 3–5 years or longerExpected long-term outcome (not assured): Low-to-mid teen CAGR over a full market cycleVolatility: Lower than concentrated or thematic equity portfoliosDrawdowns: Expected during market corrections, but moderated through diversification👤 Suitable ForLong-term investors seeking a core equity portfolioInvestors who prefer stocks-only investing without ETFsInvestors comfortable with interim market volatilityIndividuals looking for disciplined, process-driven investing⚠️ Risk DisclosureEquity investments are subject to market risks.Returns are not guaranteed and may vary based on market conditions.This portfolio is not suitable for short-term trading or capital protection objectives.

ETF

Option Brains Capital PVT Ltd

ETFs

Monopoly Masters

Kushal Bipin Lakhani

Basket ObjectiveThe Monopoly Masters Basket aims to create long-term wealth by investing in companies that enjoy dominant market positions, high entry barriers, and strong earnings visibility.The focus is on businesses that operate at the core of India’s economic, financial, infrastructure, and strategic ecosystem, where competition is structurally limited.🧠 Core Investment PhilosophyThis basket is built on the principle that business quality and competitive advantage matter more than short-term growth.The portfolio prioritizes companies that benefit from:Regulatory or policy protectionNetwork effects and high switching costsCapital-intensive infrastructure that is difficult to replicateStrategic national importanceAbility to generate stable and predictable cash flowsSuch businesses tend to compound steadily over long periods, with lower probability of permanent capital loss.🧱 Nature of Businesses in the BasketThe companies included in this basket typically:Hold dominant or near-monopoly positions in their respective segmentsForm part of the essential backbone of the economyAre difficult to disrupt due to regulation, scale, or system-level integrationBenefit from long product life cycles and recurring demandThese characteristics create structural moats that help sustain profitability across economic cycles.📊 Risk & Return FrameworkThe basket is designed with a balanced risk–return profile:Lower business risk compared to high-beta thematic portfoliosReduced sensitivity to competitive disruptionHigh earnings visibility and cash flow stabilityModerate exposure to policy or regulatory changes, which is actively monitoredWhile short-term price volatility may occur, the underlying business models remain resilient.🎯 Expected OutcomeOver a full market cycle, the Monopoly Masters basket seeks to:Deliver consistent compounding returns rather than sharp cyclical spikesProtect capital during market downturnsBenefit from India’s long-term structural growth and formalizationThe basket is suitable for investors with a long-term horizon (10–15+ years) who value predictability, durability, and quality.🧩 Role in an Investor’s PortfolioThis basket is intended to act as:A core portfolio allocationA stabilizing anchor alongside higher-risk growth or thematic basketsA foundation for long-term or generational wealth creationIt complements, rather than replaces, high-growth or tactical investment strategies.🔄 Portfolio Management ApproachPeriodic rebalancing based on business quality, valuations, and structural relevanceAvoidance of purely cyclical or short-term opportunity-driven businessesFocus on maintaining monopoly characteristics and economic moats over time🏁 Final ThoughtThe Monopoly Masters basket is built on the idea that the most enduring wealth is created by owning businesses that are difficult to replace. By focusing on dominant, high-barrier enterprises that form the backbone of the economy, the basket seeks to provide stable and sustainable long-term compounding.

Viksit Bharat ETF

Kushal Bipin Lakhani

🔍 Portfolio OverviewThe Viksit Bharat ETF Portfolio is a growth-oriented, ETF-only model portfolio designed to help investors participate in India’s long-term economic growth through a structured, disciplined, and transparent investment approach.The portfolio avoids individual stock selection and instead uses carefully chosen ETFs to capture growth opportunities, evolving market leadership, and factor-based performance trends. It aims to balance growth potential and risk management through diversification and periodic rebalancing.🎯 Investment ObjectiveThe primary objectives of this portfolio are to:Achieve long-term capital appreciationParticipate in India’s structural growth storyCapture evolving market leadership through rule-based strategiesReduce reliance on discretionary stock-picking decisionsOffer a disciplined alternative to traditional active equity investingThis portfolio is designed for investors with a long-term investment horizon who prefer a systematic, rules-based ETF approach.🧱 Portfolio Construction PhilosophyThe portfolio is constructed using exchange-traded funds (ETFs) that provide diversified exposure across different segments of the Indian equity market, along with select non-equity allocations for risk management.The construction follows three key principles:1️⃣ India Growth ParticipationThe portfolio provides exposure to India’s growth through a combination of:Broad market participationEmerging and high-growth segmentsSelect factor-based and trend-following strategiesThis allows the portfolio to adapt as leadership within the Indian market changes over time.2️⃣ Smart Allocation & Factor OrientationRather than relying only on traditional indices, the portfolio incorporates rules-based strategies that seek to benefit from:Market momentumRelative strengthEvolving growth trendsThis approach aims to improve risk-adjusted returns across market cycles.3️⃣ Risk Management through DiversificationDiversification is built into the portfolio to help manage volatility by:Spreading exposure across multiple market segmentsAvoiding over-concentration in any single strategyIncluding stabilising assets where appropriateThis helps smooth returns during different market phases.🔄 Asset Allocation & RebalancingThe portfolio follows a growth-oriented asset allocation, with equities forming the core component.Asset allocation is periodically reviewedRebalancing is done to realign weights with the intended strategyAllocation changes are handled systematically, not emotionallyThis disciplined process helps:Control portfolio riskPrevent excessive concentrationSystematically book profits and redeploy capitalRebalancing plays a crucial role in the portfolio’s long-term return potential.💰 Investment & Capital Deployment StrategyMinimum investment: Flexible (ETF-based investing)Recommended approach: Phased investing (SIP mode preferred)Investors are encouraged to invest gradually and continue adding capital over time, especially during market volatility.This approach helps:Reduce market timing riskBuild exposure across different valuation levelsImprove long-term investment outcomesThe portfolio is suitable for investors who prefer discipline over prediction.⚠️ Risk Profile & SuitabilityKey Risks:Equity market volatilityInterim drawdowns during unfavourable market conditionsPerformance variability across market cyclesSuitable for:✔ Long-term investors✔ Investors comfortable with equity market volatility✔ Investors seeking a rules-based ETF strategy✔ Investors aligned with India’s long-term growth outlookNot suitable for:❌ Short-term traders❌ Investors seeking guaranteed or capital-protected returns❌ Investors uncomfortable with temporary drawdowns💳 Fee StructureFee is not linked to investment amountAs invested capital grows, the effective cost reduces over timeApplicable taxes (GST) charged as per prevailing regulationsThis structure ensures transparency and avoids conflicts linked to asset size.📌 Important DisclosureThis portfolio represents a model portfolio recommendation using ETFs.Past performance, if any, is not indicative of future results.Investors should evaluate suitability based on their financial goals, risk appetite, and investment horizon before investing.

India Innovation Growth

Kushal Bipin Lakhani

🎯 Purpose of the BasketThis basket is designed to capture structural, long-duration growth themes that are reshaping India’s economy over the next decade, rather than short-term cyclical or valuation-driven opportunities.The focus is on new-economy enablers — businesses that sit at the foundation of future growth, including:Electrification and energy transitionAutomation, digital engineering and intelligence-led manufacturingPower electronics, grid modernisation and infrastructure upgradesHigh-value electronics and advanced manufacturing ecosystemsThe basket aims to participate in where capital expenditure, policy support and technology adoption are structurally aligned, not where past returns have already been realised.🧠 Core Investment PhilosophyThe basket is built on three guiding principles:1️⃣ Structural Growth over Cyclical GrowthThe selected themes are driven by multi-year capex cycles, policy backing, and irreversible technological shifts, rather than commodity prices, consumption cycles or short-term demand fluctuations.This reduces reliance on timing the economic cycle and increases earnings visibility over a longer horizon.2️⃣ Earnings-Led Alpha, Not Valuation HopeThe strategy deliberately avoids relying on:One-time turnaroundsBinary execution storiesExtreme valuation rerating without earnings supportInstead, alpha is expected to come from:Revenue compoundingOperating leverageMargin stability or gradual expansionBalance-sheet strength and execution consistencyThis ensures returns are driven by fundamental business performance, not narrative momentum.3️⃣ Positioning Across the Value ChainRather than concentrating risk in a single segment, the basket spans:Design & engineeringManufacturing & integrationPower & infrastructure enablementServices embedded in long-term capex themesThis diversification improves risk-adjusted returns while maintaining exposure to the same underlying structural trends.📈 Alpha Generation FrameworkThe basket is structured to generate alpha through three channels:🔹 1. Structural Earnings GrowthAs electrification, automation, renewables and digital infrastructure scale, earnings growth is expected to be above GDP growth and above broad market averages.🔹 2. Operating Leverage in Capex UpcycleMany businesses in this theme have high fixed-cost bases. As volumes scale, incremental revenue flows disproportionately to profits, driving faster EPS growth than revenue growth.🔹 3. Selective Re-rating from ExecutionValuation expansion is treated as optional upside, not the core thesis. Any re-rating is expected to follow:Delivery on growth plansMargin stabilityImproved visibility and scaleThis makes returns more resilient across market conditions.📊 Beta Characteristics & Market BehaviourBeta: Moderately high (above index average), reflecting exposure to growth and capex themesVolatility: Higher than defensive portfolios, but lower than speculative or micro-cap thematic basketsMarket sensitivity: Performs best in periods of:Economic expansionCapex revivalPolicy-driven infrastructure growthThe basket is not designed to outperform in sharp market sell-offs, but to outperform across a full market cycle.⚠️ Key Risks to the Strategy1️⃣ Execution & Project TimelinesDelays in capex execution, infrastructure readiness or order inflows can impact near-term performance.2️⃣ Valuation SensitivityWhile the basket avoids extreme valuations, growth stocks remain sensitive to:Interest rate changesLiquidity tighteningRisk-off market phases3️⃣ Cyclicality within Capex ThemesEven structural themes experience phases of consolidation. Short-term underperformance may occur despite long-term thesis remaining intact.4️⃣ Policy & Regulatory RiskChanges in government incentives, tariffs or implementation speed can affect growth trajectories.🛡️ Risk Management PhilosophyRisk is managed, not eliminated, through:Diversification across sub-themesAvoidance of binary, single-event outcomesPeriodic review and rebalancingPreference for earnings visibility over speculative growthThe basket intentionally avoids concentration in:Highly leveraged balance sheetsUnproven technologies without commercial tractionStocks where future success is already fully priced in⏳ Investment Horizon & SuitabilityRecommended horizon: Medium to long term (3–5 years)Suitable for investors who:Seek higher-than-market returnsAre comfortable with interim volatilityPrefer theme-based, future-oriented investingWant limited monitoring and disciplined rebalancingNot suitable for investors seeking:Short-term trading gainsCapital protection in sharp correctionsHigh dividend or defensive income strategies🧩 Final ThoughtThis basket is built to own the future, not chase the past.It is designed to participate in India’s transformation into a technology-driven, electrified, manufacturing-led economy, where sustainable alpha is created through execution, scale and earnings growth, rather than speculation.

Defense Dynasty

Kushal Bipin Lakhani

OverviewThe Defense Dynasty Portfolio is a thematic equity model portfolio designed to capture India’s long-term structural transformation in defence manufacturing, aerospace, electronics, and strategic systems.The portfolio focuses on companies that operate in mission-critical segments of the defence value chain, including weapons systems, avionics, radars, propulsion, electronic warfare, and precision engineering.This is a high-conviction, long-term growth portfolio, aimed at investors seeking exposure to one of India’s most strategically important and policy-backed sectors.Investment ObjectiveTo benefit from India’s multi-decade defence indigenisation and export opportunityTo participate in sustained government capex and order-book driven growthTo build a concentrated yet diversified defence ecosystem portfolioTo generate long-term capital appreciation through structural earnings growthInvestment PhilosophyThe Defense Dynasty Portfolio is built on three core principles:1. Structural Growth Backed by Policy & GeopoliticsIndia’s defence sector is undergoing a once-in-a-generation transformation, driven by:Indigenisation mandatesImport substitutionRising defence budgetsExport opportunitiesGeopolitical realignmentsUnlike cyclical themes, defence spending is strategic, long-term, and non-discretionary, making this a structural growth opportunity rather than a short-term trade.2. Full-Stack Defence Ecosystem ExposureRather than focusing on a single company or PSU, the portfolio is constructed to capture multiple layers of the defence value chain, including:Defence electronics & avionicsMissiles, radars, and weapon systemsAerospace & shipbuildingPrecision engineering & subsystemsNiche private-sector defence specialistsThis approach reduces single-company execution risk while preserving thematic purity.3. Concentration with Risk AwarenessThe portfolio is intentionally concentrated to reflect high conviction, but:No single stock dominates overall riskExposure is spread across PSUs and private playersOrder-book visibility and execution capability are prioritisedThis balances return potential with survivability across cycles.Portfolio Construction RationaleThe portfolio combines:Established defence PSUs with scale, credibility, and long order visibilityHigh-growth private companies with technology leadership and niche dominanceEmerging players benefiting from outsourcing and indigenisationKey characteristics of the portfolio:Strong aggregate order book visibilityLong project lifecyclesHigh entry barriersLimited foreign competitionIncreasing operating leverage as execution scalesAsset Allocation & Portfolio Management ApproachThis is a single-theme equity portfolio, not a diversified multi-asset strategy.Portfolio management focuses on:Monitoring order inflows and execution milestonesTracking policy changes, defence budgets, and export approvalsPeriodic rebalancing to control concentration riskPruning positions if business fundamentals deteriorateRebalancing is event- and fundamentals-driven, not price-driven.Investment & Deployment StrategyMinimum investment to start: ₹60,000Recommended approach: Phased investingGiven the volatility inherent in thematic portfolios, investors are encouraged to:Start with an initial allocationAdd capital during market corrections or consolidation phasesBuild exposure gradually rather than deploying all capital at onceIn practice, long-term investors may deploy capital over multiple phases, which helps manage timing risk in a high-beta sector.Return Expectations (Not Assured)Recommended holding period: Minimum 3–5 yearsExpected outcome: Returns linked to sector execution and order conversion cyclesDefence stocks can experience:Periods of sharp rallies during order announcementsPhases of consolidation during execution lullsInvestors should expect interim volatility, but long-term outcomes are driven by earnings growth and order execution, not short-term price movements.⚠️ Risk Profile & SuitabilityKey Risks:Project execution delaysBudgetary or policy changesValuation cycles in thematic stocksHigher short-term volatility compared to diversified portfoliosSuitable for:✔ Long-term investors with high risk appetite✔ Investors seeking thematic exposure to defence & aerospace✔ Investors comfortable with sector concentration✔ Those who understand order-book driven businessesNot suitable for:Short-term tradersLow-risk or capital protection investorsInvestors uncomfortable with drawdownsFee StructureThe Defense Dynasty Portfolio follows a flat subscription fee model, independent of investment size.This structure ensures:TransparencyNo conflict of interest linked to portfolio sizeAlignment with long-term investor outcomesApplicable taxes are charged as per prevailing regulations.Important DisclosureThis portfolio represents a thematic model portfolio recommendation.Past performance, if any, is not indicative of future results.Thematic portfolios carry higher risk and should form only a portion of an investor’s overall asset allocation.Investors must assess suitability based on their financial goals, risk appetite, and investment horizon before investing.SummaryThe Defense Dynasty Portfolio is designed for investors who want:Exposure to India’s strategic defence transformationA focused, high-conviction thematic portfolioParticipation in long-term policy-backed growthThe potential for outsized returns with higher volatilityThis portfolio is not about short-term momentum, but about owning India’s defence champions through a multi-year growth cycle.

Dividend Shield

Kushal Bipin Lakhani

Basket ObjectiveThe Dividend Shield Basket aims to provide stable equity participation by investing in companies with a proven dividend-paying track record, strong balance sheets, and sustainable cash-flow generation.The focus is on businesses that return capital to shareholders through disciplined dividend policies, while maintaining financial strength and long-term business durability.Core Investment PhilosophyThis basket is built on the belief that cash-flow discipline and balance sheet strength are critical for long-term equity stability.The portfolio prioritises companies that demonstrate:Consistent dividend pay-outs backed by operating cash flowsStrong capital allocation disciplineHealthy return ratios and conservative leverageResilient business models with earnings visibilityAbility to withstand economic slowdowns without compromising financial healthSuch businesses tend to exhibit lower drawdowns and better risk-adjusted outcomes over full market cycles. Nature of Businesses in the BasketThe companies included in this basket typically:Generate steady and predictable operating cash flowsOperate in essential, regulated, or mature segments with demand visibilityRequire limited incremental capital to sustain operationsExhibit prudent financial management and shareholder-friendly policiesHave business models that remain relevant across economic cyclesThese characteristics help support dividend sustainability and balance-sheet resilience over time.Risk & Return FrameworkThe Dividend Shield basket is designed with a defensive risk profile:Lower business risk compared to high-growth or momentum-driven portfoliosReduced earnings volatility due to stable operating modelsLimited dependence on aggressive leverage or capital raisingExposure to regulatory or sector-specific risks, which are actively monitoredWhile short-term price fluctuations are inherent to equity markets, the underlying focus remains on business stability and financial strength.Expected OutcomeOver a full market cycle, the Dividend Shield basket seeks to:Enhance portfolio stability within an equity allocationReduce downside impact during market correctionsBenefit from steady compounding supported by dividend disciplineDeliver more predictable equity outcomes compared to high-beta strategiesThe basket is suitable for investors with a medium- to long-term horizon who value quality, discipline, and capital preservation alongside equity participation.Role in an Investor’s PortfolioThis basket is intended to act as:A defensive or low-volatility equity allocationA stabilising layer alongside growth, thematic, or high-conviction basketsA quality-focused component within diversified long-term portfoliosIt complements growth-oriented strategies rather than competing with them.Disclaimer:Investments in equity markets are subject to market risks. Dividend payments are not assured and depend on company performance and management decisions. Past dividend history does not guarantee future payouts.Investors are advised to assess suitability and risk factors before investing.

Micro Cap Quanto Momentum

Punam Kucheria

This model portfolio contains up to 10 risk-adjusted momentum scrips within the Nifty Microcap 250 universe while maintaining a disciplined approach to risk. It focuses on stocks showing strong relative price trends and controlled volatility, avoiding the pitfalls of chasing unstable momentum.Objective:- To deliver a focused, risk-aware equity portfolio that aims to outperform the Nifty Microcap 250 on a risk-adjusted basis by combining momentum strength with volatility management.Focused Selection:- From the Nifty Microcap 250 universe, the model selects up to 10 stocks, creating a concentrated portfolio of the most compelling opportunities based on a robust quantitative framework.Risk-Adjusted Strength:- The strategy balances price strength with volatility control, avoiding erratic stocks and aiming for a smoother equity curve and more stable performance over time.Dynamic Asset Allocation:- Exposure is dynamically adjusted between Equity, Gold BeES, and Liquid BeES using AI/ML-enhanced algorithms that detect market regimes and adjust positioning accordingly.Quantitative Discipline:- The entire process is systematic and rules-based, eliminating behavioral bias. AI/ML models enhance pattern recognition, allowing the strategy to adapt and evolve with changing market conditions.

Large Cap Quanto Momentum

Punam Kucheria

This model portfolio contains up to 10 risk-adjusted momentum scrips within the Nifty 100 universe while maintaining a disciplined approach to risk. It focuses on stocks showing strong relative price trends and controlled volatility, avoiding the pitfalls of chasing unstable momentum.Objective:- To deliver a focused, risk-aware equity portfolio that aims to outperform the Nifty 100 on a risk-adjusted basis by combining momentum strength with volatility management.Focused Selection:- From the Nifty 100 universe, the model selects up to 10 stocks, creating a concentrated portfolio of the most compelling opportunities based on a robust quantitative framework.Risk-Adjusted Strength:- The strategy balances price strength with volatility control, avoiding erratic stocks and aiming for a smoother equity curve and more stable performance over time.Dynamic Asset Allocation:- Exposure is dynamically adjusted between Equity, Gold BeES, and Liquid BeES using AI/ML-enhanced algorithms that detect market regimes and adjust positioning accordingly.Quantitative Discipline:- The entire process is systematic and rules-based, eliminating behavioral bias. AI/ML models enhance pattern recognition, allowing the strategy to adapt and evolve with changing market conditions.

Flexi Cap Quanto Momentum

Punam Kucheria

This model portfolio contains up to 10 risk-adjusted momentum scrips within the Nifty 500 universe while maintaining a disciplined approach to risk. It focuses on stocks showing strong relative price trends and controlled volatility, avoiding the pitfalls of chasing unstable momentum.Objective:- To deliver a focused, risk-aware equity portfolio that aims to outperform the Nifty 500 on a risk-adjusted basis by combining momentum strength with volatility management.Focused Selection:- From the Nifty 500 universe, the model selects up to 10 stocks, creating a concentrated portfolio of the most compelling opportunities based on a robust quantitative framework.Risk-Adjusted Strength:- The strategy balances price strength with volatility control, avoiding erratic stocks and aiming for a smoother equity curve and more stable performance over time.Dynamic Asset Allocation:- Exposure is dynamically adjusted between Equity, Gold BeES, and Liquid BeES using AI/ML-enhanced algorithms that detect market regimes and adjust positioning accordingly.Quantitative Discipline:- The entire process is systematic and rules-based, eliminating behavioral bias. AI/ML models enhance pattern recognition, allowing the strategy to adapt and evolve with changing market conditions.

Alpha 500

Punam Kucheria

Alpha10_Smallcap by Clearmind is a quant-driven selection strategy. It aims to outperform the underlying benchmark Nifty Smallcap500 which is often used as a benchmark for the smallcap segment of the Indian Stock Market. This product is appropriate for all market cycles, designed to invest in the 10 strongest stocks, regardless of market conditions.This portfolio consists of 10 stocks selected from the Nifty Smallcap350 universe.All stocks start at near 10% weightage of the entire portfolio.Winners are kept, while losers are promptly removed in the next rebalance.We measure the Momentum, Strength of direction, and relative performance of every stock in the Nifty Smallcap350 against the index itself.The top 10 strongest options are selected from a pool of 350.Having more concentration than the index (10 stocks vs. 350) is a sure-shot way to outperform Nifty Smallcap.Using quantitative methods to analyze the best performers further boosts the performance.The historical performance of this portfolio over the last ten years has beaten the benchmark by 13 times.The optimal size for investing in this portfolio is INR 2 to 30 lakh.Disclaimer - This can sometimes result in slightly more drawdowns than Nifty Smallcap350.

Mid Cap Quanto Momentum

Punam Kucheria

This model portfolio contains up to 10 risk-adjusted momentum scrips within the Nifty Midcap 150 universe while maintaining a disciplined approach to risk. It focuses on stocks showing strong relative price trends and controlled volatility, avoiding the pitfalls of chasing unstable momentum.Objective:- To deliver a focused, risk-aware equity portfolio that aims to outperform the Nifty Midcap 150 on a risk-adjusted basis by combining momentum strength with volatility management.Focused Selection:- From the Nifty Midcap 150 universe, the model selects up to 10 stocks, creating a concentrated portfolio of the most compelling opportunities based on a robust quantitative framework.Risk-Adjusted Strength:- The strategy balances price strength with volatility control, avoiding erratic stocks and aiming for a smoother equity curve and more stable performance over time.Dynamic Asset Allocation:- Exposure is dynamically adjusted between Equity, Gold BeES, and Liquid BeES using AI/ML-enhanced algorithms that detect market regimes and adjust positioning accordingly.Quantitative Discipline:- The entire process is systematic and rules-based, eliminating behavioral bias. AI/ML models enhance pattern recognition, allowing the strategy to adapt and evolve with changing market conditions

Multi Cap Quanto Momentum

Punam Kucheria

Objective: To achieve superior, risk-adjusted returns by systematically combining strong risk-adjusted momentum across the equity spectrum with strategic diversification, dynamically adjusting equity exposure based on market risk.Dynamic & Target Allocation:The target allocation is 30% Large Cap, 30% Mid Cap, 30% Small Cap, and 10% Gold BeES (90% maximum equity).Dynamic Asset Allocation: Based on market regimes and signals from AI/ML-enhanced algorithms, the total equity exposure (the 90% component) can be dynamically reduced. Reduced exposure is moved to Liquid BeES or Gold BeES to preserve capital and manage overall portfolio risk, thus preventing the 90% in equities from being a fixed mandate.Focused & Structured Selection:Up to 10 risk-adjusted momentum scrips are selected from the Nifty 500 universe (or equivalent) to form a concentrated portfolio across the Large, Mid, and Small Cap segments.Risk-Adjusted Momentum:Selection prioritizes stocks with strong price trends and controlled volatility. This systematic balance targets a smoother, more stable equity curve by avoiding unstable momentum.Strategic Risk Management:A permanent 10% allocation to Gold BeES acts as a crucial diversifier and hedge against systemic equity risk.The entire strategy is quantitative and rules-based, using AI/ML enhanced models for disciplined stock selection and regime-based risk control.

Alpha 100

Punam Kucheria

Alpha-100 by Clearmind is a quant-driven selection strategy. It aims to outperform the underlying benchmark Nifty100 which includes the top 100 stocks in the Indian Stock Market. This product is appropriate for all market cycles, designed to invest in the ten strongest stocks, regardless of market conditions.This portfolio consists of 10 stocks selected from the Nifty 100 universe.All stocks start at near 10% weightage of the entire portfolio.Winners are kept, while losers are promptly removed in the next rebalance.We measure the Momentum, Strength of direction, and relative performance of every stock in the Nifty against the Nifty itself.The top 10 strongest options are selected from a pool of 100 to outperform the Nifty Index in all three areas.Having more concentration than Nifty stocks (10 stocks vs. 100 in Nifty) is a sure-shot way to outperform Nifty.Using quantitative methods to analyze the best performers from the top 100 further boosts the performance.The historical performance of this portfolio over the last ten years has beaten the benchmark by 2 times.The optimal size for investing in this portfolio is INR 2 to 30 lakh.Disclaimer - This can sometimes result in slightly more drawdowns than Nifty100.

Aditya Umesh Hujband

No description available yet.

Small Cap Quanto Momentum

Punam Kucheria

This model portfolio contains up to 10 risk-adjusted momentum scrips within the Nifty Smallcap 250 universe while maintaining a disciplined approach to risk. It focuses on stocks showing strong relative price trends and controlled volatility, avoiding the pitfalls of chasing unstable momentum.Objective:- To deliver a focused, risk-aware equity portfolio that aims to outperform the Nifty Smallcap 250 on a risk-adjusted basis by combining momentum strength with volatility management.Focused Selection:- From the Nifty Smallcap 250 universe, the model selects up to 10 stocks, creating a concentrated portfolio of the most compelling opportunities based on a robust quantitative framework.Risk-Adjusted Strength:- The strategy balances price strength with volatility control, avoiding erratic stocks and aiming for a smoother equity curve and more stable performance over time.Dynamic Asset Allocation:- Exposure is dynamically adjusted between Equity, Gold BeES, and Liquid BeES using AI/ML-enhanced algorithms that detect market regimes and adjust positioning accordingly.Quantitative Discipline:- The entire process is systematic and rules-based, eliminating behavioral bias. AI/ML models enhance pattern recognition, allowing the strategy to adapt and evolve with changing market conditions.