Big On AUM, Sharp on strategy
We remain comfortable with small-caps despite their high portfolio share, having trimmed exposure to under 70% as valuations rose and markets turned volatile.
Key insights
- Are we still comfortable with small-caps, 80% of the portfolio, as AUM grows?
- Care PMS has always had high small-cap exposure, but not micro-caps; typical investees average a ₹3,000–4,000 crore market capitalisation.
- Small-caps have been a key driver of our consistent outperformance over the past 14 years.
- We focus on businesses that are either undervalued or have superior growth potential.
- In recent months we strategically reduced small-cap allocation to under 70% as valuations ran up and markets turned volatile.
- Positions are built gradually in two to three lots, with a minimum 3% portfolio weight, where liquidity permits.
- Big on AUM, but our approach is unchanged: back businesses we understand and are willing to stay invested in.
Disclaimer. PMS investments are subject to market risks. Read all the risk factors and disclosures available on the website carefully before investing. This content is for information only and does not constitute a recommendation. Care Portfolio Managers Pvt. Ltd. · SEBI Regn. No. INP000004128.
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Invest directly with a SEBI registered portfolio manager, as a resident or a non-resident investor. Contact us at connect@carepms.com and our team will guide you through every step.
- 01
Consultation
A conversation with our team about your objectives, investment horizon and risk appetite, and the approach best suited to them.
- 02
Documentation
A PMS bank account and demat account are opened in your name. You sign the PMS agreement and grant the Power of Attorney.
- 03
Portfolio activation
Invest fresh funds of ₹50 lakh or more, or introduce an existing portfolio. Statements and reporting follow every month.