Frequently Asked Questions
This FAQ covers questions on the philosophy(EVM), products and processes If your question is not covered in this FAQ, please contact us over phone or email.
EVM (Expectations Value Model) is an innovative and proprietary approach to stock market investing. It is a quantitative model to determine operational expectations from a company and the probability & viability of the company being able to meet those expectations. Stocks meeting the viability and other quality criteria are shortlisted for investment. Company results, balance sheet and cash flow data are critical input to the model.
EVM shortlists stocks with reasonable and viable expectations across the entire stock universe we group them using some specific characteristics to create a product offering.
Currently EVM is used to generate two sets of recommendations based on market capitalization of companies. Focus includes only large and mid cap stocks while Feast includes stocks from the entire listed universe.
EVM can also be applied to identify stocks for a specific sector or index constituents allowing us to create sector themed or index themed products in the future.
EVM can also be extended to use quarterly data. This allows us to generate quarterly recommendations.
What capital should one invest in any of the recommendations is out of our purview. We recommend you talk to a SEBI registered Investment Advisor to take that call.
However, what we can share is that the conviction for each of our recommendations is same. This is because, once the stock is shortlisted, it has equal chance of doing well as others.
Since the model can processes data annually and quarterly, our recommended holding period is either one year or one quarter depending on the portfolio. As new stocks are shortlisted, continued recommendations are held on and stocks not in the recommended list are recommended a SELL. For annually re-balanced portfolios, subscriber may also gets the benefit of lower capital gains tax if the holding period completes 365 days.
Small caps are certainly more volatile than large caps. To adjust for this volatility (or risk), we use stringent filter criteria. This is done to reduce the risk level of the recommendations. At the same time, small cap recommendations have consistently delivered better returns than the Large & Mid cap returns!
As discussed above, Small cap stocks, in a way, are risk adjusted. We believe that investors should have a healthy allocation across small, mid & large cap companies. Do discuss with your investment advisor to get a risk profiling done to decide what suits you the best.
Yes, we do offer multiple products for subscription. Please note that subscription windows is open for a limited time for each product. Please go through the details of the portfolios on the Products page.
There are no guarantees in stock markets. Anyone giving you a “guaranteed” returns in stock markets is basically a fraud. We are confident that the EVM recommendations will beat market returns over 3+ year period. Our confidence of outperformance comes from the extensive back testing of the model.
All our products have a pre-defined buy recommendations(entry) and sell recommendations (exit) schedule. Subscription windows for each portfolio is opened a few months before the first buy recommendations schedule.
Subscription is valid the current financial year for Focus & Feast. For e.g. Focus portfolio subscribed in from Feb to May of any year is valid only for recommendations published in that financial year.
When the subscription window for a product is open, you can subscribe it using the "Subscribe" button on the heading menu OR click here and follow the instructions on the form.
Please enter the last 5 digits of the UPI Transaction ID before submitting the form. We will match this transaction ID with our receipts and on confirmation, enable your access to the "Live Portfolio" submenu
The "Live Portfolio" page will show the recommendations based on your subscription. Access will be typically granted within 24 hours. We will also email you when the access is granted.
In case you are unable to access the "Live Portfolio" after 24 hours of you making the payment, please call us.
Choosing the right product is a function of preferences. If you prefer investing in large companies, Focus is the right portfolio for you. Similarly if you are looking for less volatile portfolio, again Focus fits the bill.
If you are looking to maximize your returns, Feast is the right option. Historically, Feast has delivered better returns than Focus
Quarterly recommendations are for investors who prefer to take short-term bets. For e.g. Strength Of Nifty50 is suitable as an NIFTY50 ETF/INDEFX FUND alternative. It is suitable for investors who prefer investing the largest and most liquid companies listed on our markets.
It is important for an investor to understand the characteristics of the product. Discuss that with you investment advisor before choosing the right one.
We do not currently offer this option.
Yes, please refer to the Terms & Conditions document.
Currently we do not offer this facility.
Before answering this question, do note that this is just a recommendation. You can choose to use our recommendations to invest or not, they way you want. The process described here is the same we used when we back tested the model and is the same that we follow to make our own investments. We decide the maximum amount we can invest per stock. As we come to the end of stock identification process & if we have additional funds to invest, we re-deploy them uniformly so as to maintain the same capital allocation for each stock. If we are short of cash, we sell a part of the existing holdings to make it available for the additional stocks. Please note that once the investment is over, we ensure that we have a equal-weighted portfolio. Investing will always remain a game of individual judgment. Hence we recommend you to consult an investment advisor before choosing the best approach that suits your financial needs.
Yes, it is certainly possible. This will happen when the markets become very expensive and the expectations rise beyond the capacity of companies. This is when we can expect a correction, either a time correction or a value correction. If we do get a value correction in the first quarter (for annually rebalanced portfolios), EVM can filter those stocks that now meet the filter criteria and those will be added to the respective model portfolios.
This question is out of our purview. We recommend you approach a SEBI registered Investment Advisor to decide on capital allocation suitable for your personal situation.
EVM has pre-defined exit criteria. We sell our stocks when these criteria are fulfilled. Depending on the product, stocks are typically held for 1 year or 1 quarter. As we have the new recommendations, existing recommendations (that have complete the holding period) will be recommended a SELL and new recommendations a BUY. There may be situations when few recommendations are repeated. In that case, we do not recommend a SELL.
To all the subscribed users, we will email whenever the recommendations are updated. We will also try to message using WhatsApp or similar messaging application. The message will only be an intimation of the change. Users will have to login to the website and access the "Live Portfolio" menu to view the updated portfolio.
We charge fixed fees for our service. We only charge subscription charges and nothing else. All subscription charges are for 1 financial year. Subscribers will have access to all research/recommendations published during the subscription period. We do not charge any performance fee, management fee, profit sharing, etc. In a nutshell the maximum fee charged to the subscriber is the subscription charges.
We are research analysts and that is all we do. We study companies and provide our recommendations (our only service offering). We do not have any tie-ups with brokerage houses or mutual funds or anyone else. We also do not offer any service to execute your portfolios. All buying and selling will be done by the subscriber using their own brokerage/trading account. The stocks will be credited/debited into/from their own demat account. This is why there is no restriction on the minimum or maximum amount that can invested using our model portfolio. We do not expect the subscriber to disclose the invested amount.
All these will be provided by your broker thru whom you execute the trades. We do not have access to your trades and hence cannot provide these statements.
Currently, SEBI does not mandate research analysts like us to do any customer KYC. This is because we provide research services and do no offer any individual advice. Our recommendations are same for all our subscribers. All subscribers are advised to consult with their investment advisor before executing any trades based on our model portfolio. On the other hand, SEBI registered Investment Advisors offer personalised investment advice and financial planning. KYC is mandatory for investment advisors due to the personalised nature of advice they offer. Further, the actual financial transactions are performed on the brokerage platform who are also responsible for KYC.