ASK Indian Entrepreneur Portfolio

Fund Snapshot

Investment Objective

ASK Indian Entrepreneur Fund aims to invest in Indian Entrepreneur businesses of size, superior quality and high growth at fair valuation.

Systematic Transfer Plan (STP)

Investments will be made in a staggered manner as per the instructions provided by the client Fees as per the respective strategy (ASK Liquid/ASK Equity) will be charged for the invested amount.

Top Holdings (%)

Market Cap Classification

Portfolio Metrics

Portfolio Update

Overweight Sectors

Healthcare

• Positive on the entire ecosystem of healthcare, including domestic pharmaceutical companies and healthcare infrastructure.
• Domestic pharma companies have steady growth prospects, with chronic expected to grow faster than acute.
• US generic pricing pressure has reduced. However, Trump tariff wars have created short-term uncertainties.

Capital Goods/Manufacturing

• Increasing infrastructure and manufacturing activity offers medium-to-long-term visibility.
• The government’s Make-in-India push and PLI scheme are helping domestic companies to compete with global players and build durable scale.
• The entire ecosystem, including capital goods, EMS, consumables and logistics, is expected to be a significantly bigger opportunity.
• This space is undergoing a favorable business cycle 

Telecom

• Benefited from tariff hikes, which have led to improved average revenue per user (ARPU) and operating performance.
• The domestic capex has peaked out, which is expected to lead to significant improvement in earnings growth and free cash flows.

Underweight Sectors

Financials

• Have been overweight on fast-growing NBFCs in consumer-facing verticals. We are turning relatively positive on the space and have reduced underweightage compared to the benchmark
• Expect pickup in system-level credit growth and normalization of net interest margins (NIMs) in FY27 and beyond.
• Closely watching trends in the sector to make suitable adjustments in the portfolio.

Information Technology

• Expect the trend of weak earnings growth to continue in FY26 amid an uncertain business environment across major economies.
• Tariff wars and the consequent weakness in discretionary spending of global IT clients are expected to adversely impact the sector

FMCG

• Our exposure is primarily towards discretionary consumption, which is expected to receive a boost from increasing per capita consumption and wage hikes

Grow sustainably with AltPort’s expert-curated investment opportunities.

Stock Actions

• Increasing exposure to private banks like Kotak Mahindra Bank, AU Small Finance Bank and IndusInd Bank: The RBI has front-loaded rate cuts and liquidity infusion by cutting the repo rate by 50 bps (vs. the consensus expectation of 25 bps) and the CRR by 100 bps (vs. no cut expected). This should imply faster normalization of NIMs. Also, as liquidity in the system improves, credit growth, which has been decelerating, should start to improve as well
• Other inclusions in the portfolio have been Ultratech, the largest and one of the most efficient plays in the rapidly consolidating cement industry
• Increased weights in Reliance Industries and Bajaj Auto
• Exited Adani Port, Dixon and KEI
• Rationalized weight in the pharma sector by exiting out of Sun Pharma and trimming Dr Reddy’s
• Reduced overweight in Patanjali and APL Apollo

Aligned Investments, Thoughtful Decisions

At AltPort, we handpick every investment using structured, time-tested frameworks designed to match your goals. Our approach avoids noise and favors precision. Through every market swing, we stay by your side, ensuring your direction never blurs. We combine expertise, data-backed insights, and steady guidance to help your wealth grow deliberately. If you’re ready for smarter, aligned investing, we’re ready to partner with you.