With an objective to maximise gains and minimise setbacks, we adopt an effective investment
strategy that has been designed over two decades of experience. Our investment philosophy and
research process enable us to embrace volatility and outperform the benchmark.
Being one of India’s only asset management firms to follow a clearly stated Socially Responsible
Investment (SRI) philosophy since inception, we don’t consider companies engaged in the business
of tobacco, alcohol, gambling, etc.
The team conducts its own independent and bottom-up stock analysis which ensures that we remain
grounded and disciplined in market volatility. Further, our risk framework articulates
investment risk and ensures tedious decision-making.
Effective 2012, Enam AMC started publishing audited performance track records of its funds with
the goal of ensuring that all our products adhere to Global Investment Performance Standards
Our investments function on a 5-pillared approach that seeks to identify high-quality businesses
that are structurally well-positioned, have sustainable competitive advantages, and present
strong execution capability for consistent long-term growth.
This approach helps us seek value-driven opportunities that form the base of our investment
The Five Pillars Of Our Investment Philosophy
When evaluating a particular company, we ascertain the size, attractiveness, and addressability
of the opportunity it offers. The scalability and ability of the company to grow sustainably
over time and its potential for risk mitigation are of utmost priority to us.
With a process that focuses on long-term returns, we pay close attention to a company’s
potential profitability over the same period of time. We analyse and understand their
predictability, adaptability, and resilience. This understanding helps us select suitable
investments that provide sustainable and competitive returns that will compound over the long
Intellect and integrity are of utmost importance to us as fiduciaries. We seek to invest with
companies that follow corporate governance standards, managements that prioritise ethics, and
individuals who can adapt and innovate for the collective benefit of all parties involved.
4. Value Acretive
The opportunities should be EVA positive, generate free cash flows, and offer prudent return of
incremental capital. Improper capital allocation can be destructive and incremental improvements
can generate disproportionate returns.
Our imbibed culture of discipline forms the bedrock of our investment philosophy. We focus on
staying disciplined and conservative in our approach while course-correcting and taking
initiatives to go over and above to deliver alpha. Looking at all factors from a long-term point
of view, we can differentiate between hype-based and value-based buying.