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OLD BRIDGE
FOCUSED EQUITY
FUND
(An Open-ended Equity Scheme investing in
Factsheet April,
maximum 30 stocks (Multi Cap)) 2024

Scheme # Benchmark (S&P BSE 500 TRI) OLD BRIDGE FOCUSED EQUITY FUND

(An Open-ended Equity Scheme investing in

maximum 30 stocks) (Multi Cap)

This product is suitable for investors who are seeking*:

• Capital appreciation over long-term
Investors understand that their Benchmark Riskometer is • Investing in a concentrated portfolio of equity and equity
principal will be at Very High risk at Very High risk related instruments of upto 30 companies

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
#For latest riskometer, investors may refer to the Monthly Portfolio disclosed on the website of the Fund viz. www.oldbridgemf.com

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
 

OLD BRIDGE
In ancient Rome, when a bridge was
constructed, the engineers of the bridge had to
stand underneath it when the scaffolding came
off. With their lives at risk, the engineers left no
room for error. To design for safety and longevity,
the engineers ensured that the load carrying
capacity of the bridge was much higher than the
actual or expected loads. They thus built a
higher margin of safety into their construction.

Our portfolio construction echoes a similar principle. Our priorities are to

buy enduring business models with emphasis on limiting capital losses,
which is why we give emphasis on buying at the right price and value.
By doing this, a margin of safety is built in to protect our portfolios
even if our estimates are on the wrong side.

CONTACT US
BKC, MUMBAI GENERAL
ENQUIRIES
1705, C Wing, ONE BKC,
G Block BKC, Bandra Kurla Complex, [email protected]
Bandra East, Mumbai- 400051

+91 22 69459999 www.oldbridgemf.com

Mutual Fund investments are subject to market risks, read all scheme related documents carefully 2
 INVESTMENT
PHILOSOPHY
We concentrate on identifying
INVESTMENT businesses early into a cycle.
The underlying companies in the
PROCESS portfolio would demonstrate
leadership skills and have financial
We focus on companies discipline. The endeavour would be
to look for companies in industries
that show potential to be
that are consolidating.
dominant in their
industry. We like to be
early in that transition.

WHAT
WE LOOK FOR
MonopoIistic/ ConsoIidators Capital
of the Industry Efficient Business
Preference for consolidating Companies that migrate
businesses upwards from a low RoE

Companies gaining market share Look for capital employed

with no change in capital employed to be controlled

Companies with lowest cost in their Cash flow positive nature of

industry the business with Iow
gearing
Leaders at the end of consolidating
cycle usually end up with higher
market share and pricing power

Low Financial
Leverage Low Valuation

Companies with negligible debt "Out of favour" businesses where

current value of the stock reflects
Businesses leveraging into an its depressed earnings
economic up-cycle &
deleveraging at the top of the EV / Sales
cycle
Market Cap / Cash Profit (Flows)

Mutual Fund investments are subject to market risks, read all scheme related documents carefully 3
OLD BRIDGE
STRATEGY
We are stock pickers, our strategy revolves around a buy and hold. We intend to invest
in mid markets and maintain a healthy margin of safety in all what we do. Our portfolio
would consists of a few names, ~25 businesses. The underlying companies in the
portfolio would meet the criteria of capital efficiency, low leverage and low valuation.

Corporate Cycle
All Industry participants are
profitable,
fragmentation of industry

Sell Discipline Cost of Capital > ROCE

Defaults, first sign of

Peak ROE Capacity closures
Increasing Capacity,
Funded by Debt
Lower ROE &
Increasing Losses

Buy Here

Consolidation Consolidation

How investors react to it

Investors ignore all warnings, extrapolate the past
Over ownership of businesses

PEx Growth
Investors usually
start allocating here

PE = Relative Valuation Investors start to doubt

business continuity

No convincing data
Investors
to prove this is the P/B Replacement Cost
sell here
bottom

Mutual Fund investments are subject to market risks, read all scheme related documents carefully 4
HOW TO READ A
MUTUAL FUND FACTSHEET?
Fund Manager: An employee of the asset manage- Sharpe Ratio: The Sharpe Ratio named after its
ment company such as mutual fund or life insurer, founder, the Nobel Laureate William Sharpe, is
who manages investments of the scheme. He is measure of risk-adjusted returns. It is calculated
usually part of a larger team of fund managers and using standard deviation and excess return to
research analysts. determine reward per unit of risk.

Application amount for Fresh Subscription: This

is the minimum investment amount for a new Beta: Beta is a measure of an investment’s volatil-
investor in a mutual fund scheme. ity vis-à-vis the market. A beta of greater than 1
implies that the security’s price will be more
volatile than the market. Beta of less than 1
Minimum Additional Amount: This is the mini-
means that the security will be less volatile than
mum investment amount for an existing investor
the market.
in a mutual fund scheme.

SIP: SIP or systematic investment plan works on AUM: Assets under management or AUM refers
the principle of making period investments of a to the recent / updated cumulative market value
fixed sum. It works similar to a recurring bank of investments managed by Mutual fund or any
deposit. For instance, an investor may opt for an investment firm
SIP that invests Rs 500 every 15th of the month in
an equity fund for the period of three years.
Holdings: The holdings or the portfolio is a
mutual fund’s latest or updated reported state-
NAV: Net asset value or NAV is the total asset value
ment of investments/securities. These are usually
per unit of the mutual fund after deducting all
displayed in terms of percentage to net assets or
related and permissible expenses. The NAV is
calculated at the end of every business day and it is
the rupee value or both. The objective is to give
the value at which investors enters or exits the investors an idea of where their money is being
mutual fund. invested by the fund manager.

Benchmark: A group of securities, usually a market Nature of Scheme: The investment objective
index, whose performance is used as a standard or and underlying investments determine the
benchmark to assess the performance of mutual nature of the mutual fund scheme. For instance,
funds and other investments. Some typical bench- a mutual fund that aims at generating capital
marks include the Nifty, Sensex, BSE 200, BSE 500, appreciation by investing in stock markets is an
and 10-year Gsec. equity fund or growth fund. Likewise, a mutual
fund that aims at capital preservation by invest-
ing in debt markets is a debt fund or income
Entry Load: A mutual fund may have a sales fund. Each of these categories may have
charge or load at the time of entry and/or exit to sub-categories.
compensate the distributor/agent . Entry Load is
charged at the time and investor purchases the
units of a mutual fund. The entry load is added to IDCW: Income Distribution cum Capital With-
the prevailing NAV at the time of investment. For drawal option or IDCW can be distributed out of
instance if the NAV is Rs. 100 and the entry load is investors’ capital (Equalization Reserve), which is
1%, the investor will enter the fund at Rs. 101. part of the sale price that represents realized
Note: SEBI Master Circular for Mutual Funds dated May 19, 2023 has
abolished entry load and mandated that the upfront commission to
gains.
distributors will be paid by the investor directly to the distributor, based on
his assessment of various factors including the service rendered by the
distributor. P/E Ratio: The price-earnings ratio (P/E Ratio) is
the relation between a company’s share price
Exit load: Exit load is charged at the time an inves- and earnings per share (EPS). It denotes what the
tor redeems the units of a mutual fund. The exit market is willing to pay for a company’s profits.
load is deducted from the prevailing NAV at the
time of redemption. For instance if the NAV is Rs.
100 and the exit load is 1%, then the redemption
price would be Rs. 99 per unit. P/BV: The price-to-book ratio compares a compa-
ny's market value to its book value. The market
value of a company is its share price multiplied by
Standard deviation: Standard deviation is statisti- the number of outstanding shares
cal measure of the range of an investment’s perfor-
mance. When a mutual fund has a high standard
deviation, it means its range of performance is IDCW Yield: The dividend yield is a financial ratio
wide, implying greater volatility that shows how much a company pays out in
dividends each year relative to its stock price

Mutual Fund investments are subject to market risks, read all scheme related documents carefully 5
 OLD BRIDGE FOCUSED EQUITY FUND
(An Open-ended Equity Scheme investing in maximum 30 stocks) (Multi Cap)
Data as on 30th April, 2024

INVESTMENT OBJECTIVE
To generate long-term capital appreciation by investing in equity and equity related instruments of up to 30 companies across
market capitalization (i.e. Mid cap, Small cap, Large cap).
Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realized.

Scheme Category FUND FEATURES Total Expense Ratio

Focused Fund
(Data as on 30th April, 2024)
NAV
(Data as on 30th April, 2024)
Benchmark
S&P BSE 500 TRI Regular Plan: 2.49%
Regular Plan - IDCW 10.44
Plans and Options Direct Plan: 1.44% Option:
1. Regular Plan: Growth and IDCW Option
2. Direct Plan: Growth and IDCW Option
Regular Plan - 10.44
13
Inception Date AUM Details Growth Option:
January 24, 2024 (Data as on 30th April, 2024)
Face Value Direct Plan - IDCW 10.47
Rs. 10/- per unit Monthly 276.31 Option:
Avg AUM: Crores
Minimum Investment Amount (Lumpsum)
Minimum of Rs 5000/-and in multiple of Rs. 1 Month Direct Plan - 10.47
319.59 Growth Option:
End AUM:
Minimum Additional Subscription Amount (Lumpsum) Crores
Minimum of Rs 1000/- and in multiples of Rs.1 thereafter.

Minimum Redemption Amount Portfolio Turnover

Rs.1000/- and in multiples of Re 0.01/- or account balance, (Data as on 30th April, 2024)
whichever is lower

Systematic Investment Plan (SIP): Equity Turnover: 0.03

Minimum Rs. 2500/- and in multiples of Rs. 1 thereafter.
Total Turnover: 0.03
Minimum instalments: 6

SIP Frequency: *Portfolio Turnover = lower of total sale or total purchase for the last 12
Daily, Weekly, Fortnightly, Monthly, Quarterly, Half Yearly, months (including equity derivatives) upon Avg. AUM of trailing twelve
Yearly. months. #Total Expense Ratio is as on the last business day of the month
Fund Manager: and includes Additional Expenses and Goods & Service Tax on Management
Kenneth Andrade (Managing since inception , total experience 30 Fees.
years); Tarang Agrawal (Managing since inception, total
Note : Portfolio Beta, Standard Deviation, R Squared and Sharpe Ratio of the
experience 5 years)
Scheme is not computed owing to the short time frame (<3years) since
Entry Load: NA launch of the Scheme
Exit Load: (i) If redeemed/switched out within 365 days from the
The scheme currently does not have Income Distribution History
date of allotment: 1% (ii) If redeemed/switched out after 365 days
from the date of allotment – Nil

Portfolio
(Data as on 30th April, 2024)

Holdings % of NAV Holdings % of NAV

Equities 87.93% Retailing 4.05%
Pharmaceuticals & Biotechnology 12.10% Indiamart Intermesh Limited 4.05%
Aurobindo Pharma Limited 4.36% Telecom - Services 4.03%
Marksans Pharma Limited 3.93% Bharti Airtel Limited 4.03%
Glenmark Life Sciences Limited 3.80% Leisure Services 4.00%
Construction 8.24% Barbeque Nation Hospitality Limited 4.00%
ITD Cementation India Limited 4.20% Healthcare Services 3.96%
NCC Limited 4.04% Syngene International Limited 3.96%
Finance 4.70% Agricultural Food & other Products 3.96%
Shriram Finance Limited 4.70% Kaveri Seed Company Limited 3.96%
Transport Services 4.56% Non - Ferrous Metals 3.96%
InterGlobe Aviation Limited 4.56% Hindalco Industries Limited 3.96%
Commercial Services & Supplies 4.50% Other Utilities 3.96%
Redington Limited 4.50% Antony Waste Handling Cell Limited 3.96%
Realty 4.49% Beverages 3.93%
Prestige Estates Projects Limited 4.49% Radico Khaitan Limited 3.93%
Capital Markets 4.19% IT - Software 3.66%
Indian Energy Exchange Limited 4.19% HCL Technologies Limited 3.66%
Gas 4.11% Industrial Products 1.43%
Gujarat State Petronet Limited 4.11% AIA Engineering Limited 1.43%
Ferrous Metals 4.10% Debt, Cash & other current assets 12.07%
Tata Steel Limited 4.10% Grand Total 100.00%

Mutual Fund investments are subject to market risks, read all scheme related documents carefully 6
 Top Ten Holdings Market Cap**
(Data as on April 30, 2024) (Data as on April 30, 2024)

Shriram Finance Limited 4.70%

InterGlobe Aviation Limited 4.56%

12.07%
Redington Limited 4.50% 25.01%
Prestige Estates Projects Limited 4.49%

Aurobindo Pharma Limited 4.36%

ITD Cementation India Limited 4.20%

14.24%
Indian Energy Exchange Limited 4.19% 48.68%
Gujarat State Petronet Limited 4.11%

Tata Steel Limited 4.10%

Indiamart Intermesh Limited 4.05%

Large Cap Mid Cap Small Cap

4% 4% 4% 4% 4% 5% 5%
Cash ^

Industry / Sector Allocation COMPOSITION BY ASSET (%)

(Data as on April 30, 2024) (Data as on April 30, 2024)

Pharmaceuticals & Biotechnology 12.10%

Construction 8.24%
Finance 4.70%
Transport Services 4.56%
Commercial Services & Supplies 4.50%
Realty 4.49%
Capital Markets 4.19%
Gas 4.11%
87.93%
Ferrous Metals 4.10%
Retailing 4.05%
Telecom - Services 4.03%
Leisure Services
Healthcare Services
4.00%
12.07%
3.96%
Agricultural Food & other Products 3.96%
Non - Ferrous Metals 3.96%
Other Utilities 3.96%
Beverages 3.93%
IT - Software 3.66%
Industrial Products 1.43%
Equity Debt. Cash & Other Current Assets
0% 2% 4% 6% 8% 10% 12% 14%

Scheme # Benchmark (S&P BSE 500 TRI) OLD BRIDGE FOCUSED EQUITY FUND
(An Open-ended Equity Scheme investing in
maximum 30 stocks) (Multi Cap)

This product is suitable for investors who are seeking*:

• Capital appreciation over long-term
Investors understand that their Benchmark Riskometer is • Investing in a concentrated portfolio of equity and equity
principal will be at Very High risk at Very High risk related instruments of upto 30 companies

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
#For latest riskometer, investors may refer to the Monthly Portfolio disclosed on the website of the Fund viz. www.oldbridgemf.com
** i. Large Cap: 1st -100th company in terms of full market capitalization
ii. Mid Cap: 101st -250th company in terms of full market capitalization
iii. Small Cap: 251st company onwards in terms of full market capitalization
^Cash equivalents and other than equity instruments (if any)

Mutual Fund investments are subject to market risks, read all scheme related documents carefully 7
Disclaimer
The information contained herein is provided by Old Bridge Asset Management Private Limited (the AMC) (on the basis of publicly available information,
internally developed data and other third party sources believed to be reliable. However, the AMC cannot guarantee the accuracy of such information,
assure its completeness, or warrant such information will not be changed. The information contained herein is current as of the date of issuance* (or
such earlier date as referenced herein) and is subject to change without notice. The AMC has no obligation to update any or all of such information; nor
does the AMC make any express or implied warranties or representations as to its completeness or accuracy. There can be no assurance that any forecast
made herein will be actually realized. These materials do not take into account individual investor’s objectives, needs or circumstances or the suitability
of any securities, financial instruments or investment strategies described herein for particular investor. Hence, each investor is advised to consult his or
her own professional investment / tax advisor / consultant for advice in this regard. The information contained herein is provided on the basis of and
subject to the explanations, caveats and warnings set out elsewhere herein. These materials are not intended for distribution to or use by any person in
any jurisdiction where such distribution would be contrary to local law or regulation. Distribution of these materials to any person other than the person
to whom it was originally delivered and to such person’s advisers is unauthorized, and any reproduction of these materials, in whole or in part without
the prior consent of the AMC, is prohibited. The views of the Fund Manager should not be construed as an advice and investors must make their own
investment decisions regarding investment/ disinvestment in securities market and/or suitability of the fund based on their specific investment
objectives and financial positions and using such independent advisors as they believe necessary.
Date of Release: 08th May, 2024

Mutual Fund investments are subject to market risks, read all scheme related documents carefully 8