Right Horizons Flexi Cap- Investment Strategy
Focus across markets caps and major asset classes
Flexi Cap is a multi-cap strategy. Flexi Cap scheme is blended, investing in Large, Medium and Small Cap. This is a dynamic portfolio which not only invests across market caps but also major asset classes like Gold according to medium term macro-economic outlook. Risk being Moderately high. It follows a focused or diversified based on market conditions. Benchmark agnostic sectoral exposure in companies across market caps. Flexi Cap’s underlying benchmark being NSE 500.
Investment Suitability
Flexi Cap is ideal for investors looking for diversification in their portfolio. This is suitable for investors with moderate to high-risk appetite and looking for id-high teen returns.
Investment Process
- RH Screener: RH screen from a universe of 1300 companies based on ROE, ROCE, PAT Growth, Promoter holding, etc.
- RH Scorecard: Their Stock Evaluation Framework is built based on the emphasis on Valuation and Return Ratios, Forensic Filters and Selected line items from Financial Statements.
- RH Risk Radar: Their Risk Evaluation Criteria looks at regulatory changes to be able to capture business risk, limit sector and stock level exposure and re-balance portfolio.
- RH Pendulum: Stock re-balancing framework giving focus on both fundamental levels and opportunistic technical levels.
Portfolio Construction
- Core Portfolio: Capital Efficient high growth companies ~ 80% portfolio allocation
- Satellite Portfolio: Companies with turnaround stories/ Contrarian bets having higher margin of safety and greater risk-reward potential ~ 20% portfolio allocation
Trailing Performance
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| Right Horizons Flexicap | -8.3 | 2.7 | 23.4 | 11.3 |
| S&P BSE 500 | 7.4 | 16.8 | 23.6 | 15 |
| Alpha over Broad Mkt BM | -15.7 | -14.1 | -0.2 | -3.7 |
Performance as of: 31-May-25 | Inception Date: 29-Nov-12
Fund Managers
Anil Rego | 3-star rated FM
Founder & CEO | 28 yrs Experience | 22 yrs at current firm
Past Experience: Manager – M&A and Business Planning (Wipro)
Anil Rego started his career with Wipro Technologies with roles in Business Planning and Mergers and Acquisitions. Later, in Oct 2003, he went on to start Right Horizons (with an initial focus on wealth management). Anil has also served as a member, Board of Governors, at IBSAF.
Piyush Sharma | 3-star rated FM
Portfolio Manager | 21 yrs Experience | 14 yrs at current firm
Past Experience: Co-Founder and Portfolio Manager (Metis Capital Management Ltd.), Principal (Contravest Associates), Senior Equity Analyst & VP (Longbow Research)
Prior to joining Right Horizon, Piyush Sharma’s experience was as an international investor investing in India through listed equity-focused offshore and onshore structures. The experience runs across several industries in the USA and India, including Business Services, Auto & Auto parts, Consumer Products, Specialty Retail, Consumer Finance, and Special Situations.
Fee Structure
| Fee Structure | Fee |
|---|---|
| Fixed Fee Structure | 2.5 |
| Variable Fee Structures | 1.25% fixed + 15% above 10% hurdle |
| Exit Fees | 1yr(2%), 2yr(1%) |
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