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Investment Philosophy

Narnolia Research
Narnolia Narnolia ResearchInvestment Philosophy

Investment Philosophy

The trinity of Observation, Research & Knowledge forms the bedrock of our investment philosophy.

OBSERVATION We, at Narnolia, don’t just see the numbers but observe the Businessman and his business trajectory with a purpose to discover the absolute, relative and consistent growth in value potentials for investors at large.
RESEARCHWe, at Narnolia, have created a process driven (112 line processes), unbiased, disciplined multi strategy - multi assets research framework with a team of 40 analysts, using the abductive reasoning on top of the deductive & inductive analytics.
KNOWLEDGEWe, at Narnolia, invested 12 years of research before launching India’s first Model Portfolio (IAP) in 2009 and first PMS scheme in 2012. Focus was to work hard, minimize cost of possible mistakes and, eventually, to create superior risk adjusted return compared to his self created portfolio, benchmarks & average of peers.

4 Pillars of Investment Philosophy

At Narnolia, we aim at generating superior and consistent risk adjusted returns for all our investors. For us, the focus is not just on returns, but also on the quality of those returns

Principle of Growth In Value
Among various proven philosophies of investing, our chosen style is ‘Growth in Value’. Here the word value is derived from the word valuable i.e. factors that make a company more valuable.
Seeking Linear Consistent Growth
Prefer companies where improvement happens linearly in small steps over a relatively longer period of time as these companies’ valuation multiple expands alongwith earnings & then does not contract in a hurry
360° Deductive Reasoning Framework
Insist on knowing why & how a company makes its revenue both from a broad picture basis understanding the addressable market & dynamics as well as the microscopic financials-valuation level perspective
Risk Manager’s Mindset
Portfolio has a predetermined risk-return expectation framework which enables taking active risk keeping in mind economic exposures, liquidity risk and stock/sector/cap/theme weightages.