ETMarkets AIF Talk: From Rs 1 cr to Rs 2.3 cr - How Finavenue Growth Fund delivered stellar returns for crorepati investors in 2024
“The investment philosophy of the fund is centered on acquiring growth-oriented companies at median or below-median valuations,” says Abhishek Jaiswal, Fund Manager at Finavenue.
In an interview with ETMarkets, Jaiswal said: “We prioritize long-term investments, focusing on industry cycles that are expected to be favorable over a 3-5 year horizon. The fund has a proven ability to identify proxy investment opportunities and market-dominant players,” Edited excerpts:
Thanks for taking the time out. Your fund Finavenue Growth Fund has more than doubled in 1 year. What worked for you?
The success of our fund can be attributed to the three-bucket strategy we follow, wherein we allocate 20% to unlisted securities, 40% to anchor investments, and 40% to listed securities.
While the listed securities currently hold high valuations in the market, we have consistently secured anchor investments at appropriate valuations, resulting in significant returns.
For simplicity, 1 cr invested on 1st January 2024 would have turned how much by the end of the year?
1cr invested on 1st January 2024 has turned into ₹2.30 Cr at the end of the year. (Gross Return)
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