Carnelian YNG Strategy

YnG Strategy (PMS)

• A long only, multi-cap, well diversified portfolio designed to capture yield n growth across industrials, financials & services
• Blend of public & private sector companies
• Portfolio features
• 3% - 5% dividend yield
• 12% - 13% expected 3-yr earnings CAGR
• 10 - 11x FY24 forward PE
• 10 - 11% free cash flow (FCF) yield
• Portfolio of 10-15 ; benchmarked against BSE 500 TRI

A curated portfolio which offers

• Reasonable dividend yield
• Potential re-rating catalysts
• Hedge against inflation
• Margin of safety on valuation
• Moderate earnings growth

YnG portfolio attributes

A well diversified portfolio across industrials, financials & services Blend of public & private sector companies providing

YnG portfolio v/s Nifty50

Recipe for returns in PSU...

• Strategic asset ownership
• Irreplaceable asset
• Strong cash flows
• Entry barrier
• Change in ownership / Privatization
• Favourable cycle
• Sectoral reforms

PSUs have delivered good returns in business upcycles

Divestment, a catalyst for wealth creation

Carnelian YnG Strategy

• Strategy Name Carnelian YnG Strategy

• Investment Manager Carnelian Asset Management & Advisors Pvt Ltd

• Benchmark BSE 500 TRI

• Custody Nuvama Custodial Services

• Estimated duration ~3 years

• Min. investment amount INR 50 Lakhs

• Exit load Nil

• Stock universe 12 – 15 stocks

• Fundamental growth driven investing; bottom-up stock picking

• Absolute return-oriented approach

• Blend of public & private sector companies (40-50% each)

• Apply stringent Carnelian filters & forensic checks (CLEAR framework)

Performance

Holdings