Wheels of Fortune High 23.

52%
Automobiles Multi-Cap Volitality 2M GAIN

Stockcase Rationale
Positioned as a powerhouse in the global market, the Indian automobile industry is currently the
world's third-largest automobile market. It is the largest tractor manufacturer, the 2nd largest bus
manufacturer, and the 3rd largest heavy truck manufacturer in the world & amongst the fastest-
growing EV market. It has struck a perfect balance in servicing domestic & global demand – the
total domestic passenger vehicle sales reached about 38.9 L, with automobile exports reaching
close to 47.6 L units. This sector employs about 1.9 Cr & is contributing 7.1 to India’s GDP. By
2030, the Indian government has committed that 30 of the new vehicle sales in India will be
electric – setting India on track to become the largest EV market by 2030 & possibly creating 5 Cr
jobs. With the ‘Wheels of Fortune’ companies actively investing in EVs, it makes for a promising
sector. It's not just a wise investment; it's a glimpse into the future of greener and more innovative
transportation.

Methodology
Defining the universe
All publicly traded companies on the Stock Exchanges of India (NSE/BSE) is included in the
universe. Preference to NSE/BSE 00 companies.

Research
The team does in-depth research to decide the criteria to be used for the inclusion or elimination
of constituent.

Constituent Screening

Apart from going through company reports and Financials, the research team does individual
stock picking on a host of Qualitative and Quantitative parameters while screening stocks for the
respective strategy. Following are the parameters, which we use to screen the stocks .

1. Less sensitive to price momentum.

2.
 2. Relatively strong fundamentals over the past few years.
3. Sizeable market share in their industries.

Rebalance
This Stockcase has a quarterly rebalance schedule. Once every quarter, the research team
reviews this Stockcase and realign the weights with the selected asset allocation criteria for the
next QUARTER

1. Any new policy, which is affecting its core business.

2. Consistent fall in the market share or facing competition from a large player.
3. Change in rating (down at least two notches).
4. Any negative developments related to corporate governance issues.
5. Major shift in capital allocation towards non-core businesses.
6. Promoters’ Pledge issue.

Weighting

The following parameters were considered while assigning weights to stocks in these stockcases
Market capitalizatio

1. Management quality and vision.

2. New coverage stocks with decent upside potential
3. Relative stock performance with attractive valuations

06/12/2023 29/12/2023 Quarterly 29/12/2023 28/03/2024

Inception Date Launch Date Review Frequency Last Review Next Review