Motilal
Oswal Asset Management Company Ltd. (AMC) is a limited company incorporated
under the Companies Act, 1956 on November 14, 2008, having its Registered Office
at Palm Spring Centre, 2nd Floor, Palm Court Complex, New Link Road, Malad(W),
Mumbai – 400064. Motilal Oswal Asset Management Company Ltd. has been appointed
as the Investment Manager to Motilal Oswal Mutual Fund by the Trustee vide
Investment Management Agreement (IMA) dated May 21, 2009, executed between
Motilal Oswal Trustee Company Ltd. and Motilal Oswal Asset Management Company
Ltd. The Board of Directors of the Asset Management Company comprises eminent
personalities with varied experience.
Trustee
Motilal Oswal Trustee Company Limited (“Trustee Company”) was
incorporated on November 14, 2008 under the Companies Act, 1956 and is the
Trustee to Motilal Oswal Mutual Fund vide Trust deed executed between the
Sponsor i.e. Motilal Oswal Securities Limited and Trustee Company. The Trustee
ensures that the transactions entered into by the AMC are in accordance with the
SEBI Regulations and will also review the activities carried on by the AMC. The
Board of Directors of the Motilal Oswal Trustee Company Limited comprises
eminent personalities with varied experience.
Sponsor
Motilal Oswal Mutual Fund is sponsored by Motilal Oswal
Securities Limited (previously Passionate Investment Management Private
Limited). The Sponsor is the Settlor of the Mutual Fund Trust. The Settlor has
entrusted a sum of Rs.1,00,000/- to the Trustee as the initial contribution
towards the corpus of the Mutual Fund.
Promoters
MOSL was promoted by Mr. Motilal Oswal and Mr. Raamdeo Agrawal.
The directors of MOSL are Mr. Motilal Oswal, Mr. Raamdeo Agrawal, Mr. Ajay Menon
and Mr. Ramesh Agarwal (Independent Director).
Investment
Philosophy
It is our objective to be an ‘Expert Equity
House’ with a focused investment philosophy. Being focused requires
discipline of adherence to stated philosophy. The key lies in ignoring short
term volatility and keeping patience. Being focused helps avoid distraction of
too many ideas and dilution of return from over-diversification; at the same
time ensuring that returns from conviction are maximized. As a house, our
investment philosophy rests on three pillars: Quality, Growth and Longevity
(Q-G-L):
A value based investment philosophy for picking stocks
that signify Q-G-L:
Q denoting Quality of the
business and management
G denoting Growth in earnings
and sustained RoE
L denoting Longevity of the
competitive advantage or economic moat of the business
We are a value
biased investment house. But value to us does not necessarily mean buying only
cheap stocks – value to us also means buying companies whose earnings longevity
and earnings growth are not rightly priced in by the market. We like to buy a
good business for a fair price rather than buying a fair business for a good
price.
Buy and Hold:
We are strictly buy and
hold investors and believe that picking the right business needs skill. And
holding onto these businesses to enable our investors to benefit from the entire
growth cycle, needs even more skill.
Focus:
Our
portfolios are high conviction portfolios with 15 to 25 stocks being our ideal
number. We believe in adequate diversification but over-diversification results
in diluting returns for our investors and adding market risk.
