Nifty_SM100

The Stocks will be picked from a liquid universe of Nifty 500 stocks only. The basket will comprise of LargeCap, MidCap and Smallcap Stocks. We will be benchmarked with Nifty 500

The FLUID FrameworkF — Fundamental StrengthOnly businesses with strong underlying fundamentals are considered.Key filters include:<ul><li>Large and expanding addressable market</li><li>Sustained ROCE / ROIC above cost of capital</li><li>Healthy operating cash flows</li><li>Conservative balance sheet and prudent capital allocation</li></ul> L — Longevity of GrowthThe basket is built for a 20–25 year horizon.<ul><li>Consumption and income growth</li><li>Manufacturing and export expansion</li><li>Infrastructure and urbanisation</li><li>Financialisation of household savings</li><li>Healthcare and longevity</li><li>Energy transition and resource security</li></ul> U — Upside OptionalityBeyond core growth, we evaluate the presence of asymmetric optionality that can drive outsized outcomes over time.This includes:<ul><li>Capacity expansion or operating leverage</li><li>Market share gains through scale or cost leadership</li><li>New products, adjacencies, or geographies</li><li>Policy-led or formalisation-driven tailwinds</li></ul>I — Integrity of ManagementManagement quality is critical for long-term compounding.We evaluate:<ul><li>Capital allocation discipline</li><li>Governance standards and transparency</li><li>Alignment with minority shareholders</li></ul> D — Downside ProtectionRisk management is embedded at the selection level.We focus on:<ul><li>Business resilience across economic cycles</li><li>Balance sheet strength during stress periods</li><li>Diversified revenue streams and demand stability</li></ul>

Market &amp; Liquidity EligibilitySector &amp; Structural RelevanceRevenue Scale &amp; GrowthProfitability &amp; Return MetricsCash Flow QualityBalance Sheet StrengthEarnings StabilityGovernance &amp; Accounting HygieneConcentration RiskFinal Longlist Selection

This smallcase has a quarterly rebalance schedule. Once every quarter, the research team reviews this smallcase and realign the weights with the selected asset allocation strategy for the next quarter

Bharat 2050 Growth Theme

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The Future Winners of India With Strong Growth 

Bharat 2050 Growth Theme

Overview

Stocks & Weights

Investment Rationale

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