“Dreams at first seem impossible, then seem
improbable,
and finally, when we commit ourselves, become inevitable”
-Mahatma Gandhi
These
words are at the core of the culture at Drishtee Capital. Drishtee Capital is a
student run fund focusing on investment opportunities available across various
sectors in the market. Currently we are looking forward towards investing in
equities only. It is one of the unique clubs of VGSoM and amongst the very few among the B-Schools of India.
Drishtee
is an effort by a group of finance enthusiasts who want to bring the domain of
finance at the forefront in the school of management, IIT Kharagpur and continue the hard work done by our alumni
to establish this institute as the center of excellence in Finance. It provides students
valuable insights into the challenges faced in the investment industry.
The
concept of Drishtee Capital is purely a student initiative in which the
institution is not directly involved. The faculty is however, extremely
appreciative of the fact that theory sessions coupled with real time experience
of managing money would mould students into excellent fund managers.
Approach and Methodology
We
believe that, to generate long term value, it is essential to invest in
companies with excellent strategic and products position, capable of creating
growth and strong free cash flow conversion. Starting from free cash flow
valuation and other concepts (for example the earnings momentum) as our basis,
we have built screening models which allow us to make an initial selection of
the available investments. Our initial selection is then checked against the
results of macroeconomic and sector analysis, as we believe that "a good
company in a healthy sector is better than a great company in a troubled
sector".
We
then proceed with the fundamental analysis of Business model, Market position,
Company financial statements, financial outlook and valuation. Only the
companies that pass this selection process are in our core portfolio which is
managed on the basis of Modern portfolio theory.
To
actively manage market exposure (market timing analysis) and for “yield
enhancement” of the investments in the portfolio, the fund managers use a
trading model which is based on Technical analysis indicators, Bid/offer indicators
(based on volumes).
The way forward
We at Drishtee Capital want to grow and make its prominence felt in the industry and student community with your support. Our fund went live on October 31, 2013. We have consistently beaten the benchmark index of CNX-100.
This blog would help in reaching out to the wider mass of students and professionals. We want to make it the one-stop destination for finance enthusiasts all over the country, with a wide variety of articles related to equity research, sector analysis and insights to various current issues across the globe. We will also keep you updated about the our latest activities in Drishtee Capital.
We are looking forward to your support in turning our novel endeavor into a grand success. Your comments, feedback and constructive criticism is what we are looking forward to.
The way forward
We at Drishtee Capital want to grow and make its prominence felt in the industry and student community with your support. Our fund went live on October 31, 2013. We have consistently beaten the benchmark index of CNX-100.
This blog would help in reaching out to the wider mass of students and professionals. We want to make it the one-stop destination for finance enthusiasts all over the country, with a wide variety of articles related to equity research, sector analysis and insights to various current issues across the globe. We will also keep you updated about the our latest activities in Drishtee Capital.We are looking forward to your support in turning our novel endeavor into a grand success. Your comments, feedback and constructive criticism is what we are looking forward to.
