Investment Objective

The investment objective of the Fund is to generate returns for the Investors through price appreciation of stocks held over a period across economic and market cycles. The Fund shall invest in the sectors mentioned in the below table. The investments would be made in a diversified portfolio of equity and equity related securities in India, debt securities, derivatives, complex or structured products and other permissible securities/instruments both listed as well as unlisted securities in accordance with Applicable Laws to maximize the risk adjusted returns for the Contributors in the respective asset classes and potentially create wealth over the long-term. The Fund is not proposing to engage in any lending activity. The Fund will also not invest in units of other Alternative Investment Funds. Further, the Fund shall not permit Encumbrances in form of Pledge etc. on fund assets for enabling portfolio companies to avail loans.
Investment Process

The fund’s investment strategy allows for flexibility across various securities, with up to 100% allocation in listed equity, and a maximum of 49% in both unlisted equity and debt securities. Derivatives investments can also reach up to 100%, utilizing long-only or short-only positions as needed, while staying within approved regulatory leverage limits. Temporary investments may include liquid mutual funds, bank deposits, or other high-quality liquid assets, such as Treasury Bills and Commercial Papers, for periods not exceeding twelve months until funds are fully deployed as per the investment objective. The fund does not plan to allocate towards overseas securities. Although sector-agnostic, the fund focuses on sectors like electric vehicle infrastructure, recycling, social impact technologies, deep tech (e.g., AI and space tech), consumer tech, Agri Tech, and organic products, while prohibiting investments in defense, hazardous chemicals, gambling, crypto, and seed funding. Geographically, the fund will primarily focus on Indian securities, with up to 100% allocation. Should there be any changes to these parameters, contributors will be notified in advance, and any material changes to the investment strategy will require approval from a two-thirds majority of contributors.

Investment Process/Methodology
Client Assessment – Begin by assessing the client’s financial situation, investment goals, time horizon and risk tolerance.
Asset Allocation – Determine the appropriate allocation of assets based on the client’s goals and risk tolerance
Portfolio Construction – Build an investment portfolio that aligns with the chosen asset allocation strategy
Investment Research & Analysis – Conduct research and analysis to identify the suitable investment opportunities within the chosen asset classes
Risk Management – Implement risk management strategies, including diversification to mitigate potential losses
Portfolio Monitoring – Continuously monitor the performance of the portfolio and track how it align’s with the client’s goals and risk tolerance
Performance Evaluation – Regularly evaluate the portfolio’s performance against the benchmarks and objectives. Adjust the portfolio as market conditions change or the client’s goals evolve
Client Communication – Maintain open and transparent communication with the client, providing updates on portfolio performance and necessary adjustments
Repeat the above steps as necessary – The process is ongoing and it may need to be repeated periodically to ensure that the investment strategy remains aligned with the client's goals and evolving market conditions.
Exit strategies - The Fund intends to generate returns through the following exit methods, among others (complete/ partial): For IPOs, wherever relevant and scale of company permits
⮚ Strategic sale of its stake.
⮚ Secondary market Sale.
⮚ Promoter buyout.
⮚ Payouts to investors through dividends / redemptions / interest income from debt-based instruments/ placement fees;.
⮚ M&A.
Investment Restrictions

The Fund shall make investments subject to the following restrictions/conditions, as well as others as required by SEBI: The Fund shall make investments subject to the following restrictions/conditions, as well as others as required by SEBI: 

The Fund shall not invest more than 10% (ten percent) of the Investable Funds in listed equity of one Portfolio Entity and shall invest not more than 10% (ten percent) of the Investable Funds in securities other than listed equity of one Portfolio Entity, directly or through investment in units of other AIFs, in accordance with the Regulations.
The Fund shall not invest in Associates except with the approval of Super-Majority of the Contributors.
The Fund shall also not invest in units of other Alternative Investment Funds.
The Fund shall adhere to directions regarding areas such as operational standards, conduct of business rules, prudential requirements, restrictions on redemption and conflict of interest as may be specified by the SEBI from time to time.
The Fund may invest in securities of listed or debt and debt related instruments and warrants in accordance with the Regulations.
The Fund does not propose to engage in lending activity or extending guarantee for investee company.
The Fund may engage in leverage or borrow as may be prescribed/permitted under Applicable Laws from time to time.
FUND STRUCTURE

The investment structure may graphically be depicted as under:

Category of Registration

Bharat@2047 Vision Trust is registered with SEBI as a Category III Alternative Investment Fund (AIF) under the SEBI (Alternative Investment Funds) Regulations, with the registration number IN/AIF3/24-25/1603.