AR FlexiCap Model Portfolio

The AR FlexiCap Model Portfolio is a research-driven illustrative reference portfolio tailored for long-term investors who prioritize quality, conviction, and business fundamentals. It demonstrates a disciplined approach to investing, grounded in deep research, and alignment with long-term value creation. Stock selection is guided by our proprietary Perpetual Ownership Framework, built on four pillars:

  • Durable Moat
  • Long-term Relevance
  • Ability to Reinvest
  • Resilience Through Cycles

The AR FlexiCap Model Portfolio is an illustrative research framework, not a pooled fund, PMS, or direct investment vehicle.

Methodology

Universe

The universe comprises all publicly listed companies on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) of India. To maintain adequate liquidity and facilitate institutional participation, companies with a market capitalization below ₹800–1,000 crore (USD100mn) are generally excluded. Additionally, the universe includes exchange-traded funds (ETFs) that offer targeted exposure to specific markets, sectors, or industries.

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AR FlexiCap Model Portfolio

Subscription Fee: ₹60,000 per year

– Applicable to non-institutional clients only.
– Different subscription fee applicable for Institutional clients.
– Frequent one-on-one discussions at additional charge.
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Research and Stock Selection

Our research framework is rooted in bottom-up fundamental analysis, unconstrained by sector or market cap. We focus on companies that demonstrate strong sales growth, healthy EBITDA margins, efficient cash conversion, superior return on equity and invested capital, prudent leverage, and reasonable valuations. We prioritize businesses with:

  • Scalable models and prudent capital allocation
  • Credible governance and long-term relevance
  • Sufficient liquidity to support institutional participation
  • No exposure to short-term trading strategies

Weighting and Portfolio Concentration

  • Constituent Count: The portfolio typically includes between 10 and 25 holdings, comprising both stocks and ETFs.
  • Individual Stock Exposure: Initial allocation is capped at 10%, with a maximum exposure limit of 30% over time.
  • Concentration Strategy: This is a high-conviction model portfolio. Due to the underlying buy-and-hold philosophy, sector or stock-level concentration may increase materially over time.

Benchmark

The model portfolio’s performance will be evaluated against broad-based equity indices, such as the Nifty 50 index.

Rebalance

Rebalancing will be undertaken on a need-based basis, with an emphasis on minimizing portfolio churn. The strategy aims to keep annual turnover within the 15–20% range over the long term.

Research Analyst Managing the Model Portfolio

Anand Rawani, CFA
SEBI Registration No.: INH000022039

BSE Enlistment No.: 6606

Address: C1105, VVIP Homes, Plot No GH03, Sector-16C, Greater Noida West, Gautam Buddha Nagar, Uttar Pradesh – 201318

Contact: +91 9873887775 | +91 120 6056198 |
arawani@moatlane.com

Disclaimers & Regulatory Notes

This service does not constitute an offer to sell or a solicitation to buy any securities. Anand Rawani shall not be held liable for any investment decisions or outcomes based on the information provided. For full disclosures and terms, refer to the “Quick Links” section in the footer of every page.