We use screens to generate ideas

What is your investment universe? As per the offer document (OD), we need to maintain a minimum of 50 per cent in small-caps and a minimum of 30 per cent in mid-caps (the maximum for both these categories are 70 per cent and 40 per cent, respectively). According to our internal definition and the one prescribed in the OD, the top 100 stocks in terms of market cap rank form the large-cap universe, the next 300 form the mid-cap universe and everything else is small-cap. So, in effect, the entire universe qualifies for investment subject to the above constraints. Practically speaking, the investment universe is restricted to what we can buy within some reasonable liquidity parameters. What at

This article was originally published on February 22, 2018.