Drishtee Capital - Dare to Dream, Dare to Achieve

“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.