Funds Management Services • Performance • Accountability • Teamwork
Executive Summary Unifi Capital is a discretionary , long-only India centric fund manager; specializing in event oriented top-down themes and a bottom- up focus on “ growth th with th value ”. Objec ecti tive Focus on identifying unique investment opportunities that consistently generate superior (risk adjusted) returns with due emphasis on capital preservation. Perf rforman ance Advisory ory Team am TWRR Ann. Year of TWRR Core group of 12 professionals, headed by Sarath Reddy , Investment Approach Since Correlation Standard Inception 3 Years Inception Deviation having considerable experience in Indian capital markets. Event Arbitrage* 2002 7.10% 12.79% 0.03 7.31% Portf tfoli olio o Risk Controls ols Sector Trends Large Cap* 2011 -2.97% 8.92% 0.88 17.85% Delisting* 2009 - 43.0% 0.62 14.54% Comprehensive risk management framework including in- 7.86% 11.33% Insider Shadow 2010 0.91 22.37% depth stock reviews, exposure limits and marketable liquidity DVD* 2013 5.25% 23.20% 0.90 23.51% assessment. Holdco* 2014 -1.28% 20.38% 0.79 30.52% Robust risk monitoring mechanisms comprising of daily Spin Off 2014 4.20% 12.12% 0.89 28.84% APJ 20* 2015 2.91% 13.67% 0.92 26.66% MTM and liquidity assessment combined with real-time Green Fund* 2017 -4.27% 0.93% 0.94 28.86% tracking of corporate events and performance. Blended- Rangoli Fund 2017 10.91% 13.01% 0.94 28.00% Operati tional nal Risk Control BCAD 2018 - 2.01% 0.93 24.41% Best-in-class prime broker, custodian and counter parties . * Closed for subscription TWRR – Time Weighted Rate of Return
About Unifi • Unifi focuses on long only investment strategies as well as event arbitrage, focused on Indian equities, with a strong in-house research team, offering high levels of service supported by continuity & customization. • Core team of four experienced capital market professionals who co-founded the company in 2001. • Unifi has a successful 19 year performance record, evidenced by every fund having performed better than its benchmark. The current AUM is Rs 4,600 Crs (USD 615 million) • Unifi is headquartered in Chennai with offices in Bangalore, Hyderabad, Mumbai, Delhi and Kolkata with a total team size of 75 professionals.
Unifi: Historical Timeline 19 Years 2020 2019 ISF Relaunched Timeline of Unifi History & Events 2018 BCAD Fund Blended -Rangoli Fund 2017 The Green Fund New office 2016 in Delhi India 2015 Spin-Off Fund APJ 20 Fund Unifi Financial Unifi Alternative subsidiary Investment fund registered as launched Unifi Foundation Foray into Expansion into Bangalore 2014 Additional Office in NBFC setup Holdco Mumbai Hyderabad Fund 2013 2008 2010 2006 2009 2012 2011 2003 Registered with SEBI 2002 Deep Value Discount Insider Delisting Unifi Fund Sector Event Arbitrage Fund Shadow Fund Offshore Trend Fund fund Fund (ISF) 2001 Unifi is founded
Funds Management Fund Details Fu ls Funds Portf Fu tfoli olio Domest mestic ic Fund nds Event Arbitrage ‘Alternate Fund’, (2002) * Firm Assets Administrator & Custodian Rs. 46,000 million IL&FS Sec. Services (ISSL) Delisting Fund, (2009)* Registered with SEBI since 2002 as a PMS HDFC Bank provider . SEBI Reg No. INPO 00000613 Insider Shadow Fund, (2010) BNP Paribas Securities Minimum Investment Kotak Mahindra Bank Sector Trends Large Cap Fund, (2011) * Clien ents s Rs. 5 million Deep Value @ Discount Fund, (2013) * High Networth Individuals, Family Offices, Senior Funds Auditor Corporate Professionals and NRIs Average Investment K.S.Jagannathan & Co. Holdco Fund, (2014)* Rs. 12.04 million Rajesh Sathish & Associates. Spin Off Fund, (2014) Loca cation ions Bank Firm Auditor APJ 20 Fund, (2015)* Client base spread across India and abroad, HDFC Bank Walker Chandiok & Co LLP managed through offices in Chennai, Hyderabad, The Green Fund, (2017)* (Grant Thornton) Bangalore , Mumbai & Delhi Legal Advisor Blended – Rangoli Fund, (2017) HSB Partners Fees IC Universal Legal Combination of mgmt. BCAD Fund, (2018) *Closed for subscription & performance fees Offsh shore e Fu Funds Portf rtfoli olio Inter erna natio ional nal Funds ds Fu Fund Details ls Date of Inception Fees Rangoli India Fund Exclusive Investment advisor to the fund – “ Rangoli 15th February 2018 1.40% Management Fee India Fund”established by Kotak Mahindra Bank’s 20% performance fee over high Mauritius registered fund (K-India Opportunities water mark subject to hurdle Fund Ltd) rate of 6% Clien ents Fund Assets Administrator Institutions, Family Offices $ 1.17 million SGG Fund Services (Mauritius) Min Investment Auditor Loca cation ion $ 100,000 Nexia Baker & Managed by Kotak Mahindra (International) Arenson, Mauritius Limited (“KMIL”), Mauritius Bank & Custodian Legal Advisor Kotak Mahindra Bank Uteem Chambers (Mauritius) Khaitan & Co (Indian)
Fund Management Key People SARATH K. REDDY MANAGING DIRECTOR AND CHIEF INVESTMENT OFFICER In a career spanning 27+ years in the Indian financial sector, Sarath has handled a variety of functions across equities and fixed income. Having started his career with Standard Chartered Bank, Sarath took the first opportunity that came along to turn entrepreneur. He founded Unifi Capital in 2001 along with a highly experienced team of professionals. As Unifi’s Chief Investment Officer, he works very closely with the analysts and fund management team. SARAVANAN V. N. RESEARCH & PORTFOLIO MANAGER Saravanan is a Chartered Accountant with 16+ years of functional experience in equity research, corporate finance, auditing and taxation. He has been with Unifi for the last 11 years and currently tracks pharmaceuticals, NBFC and domestic debt markets. Additional responsibilities include advising on debt fund investments, hedging and arbitrage opportunities. His prior experience includes 3 years of articleship in PwC and 2 years with ICICI Bank’s Corporate Banking division. Saravanan manages Event arbitrage fund and the AIF High yield fund. BAIDIK SARKAR RESEARCH & PORTFOLIO MANAGER Baidik is a Chartered Accountant with 14+ years of experience in consulting, corporate finance and equity research. He has been with UNIFI for last 10 years and currently handles equity research across IT, real estate and the agricultural sector and also assists the CIO in managing the company’s Large Cap, APJ and Spin Off fund. Prior to this, Baidik worked as a Strategy Consultant with the Government Reforms and Institutional Development arm of Pricewaterhouse Coopers (PwC).
Fund Management Key People HITESH ARORA RESEARCH & PORTFOLIO MANAGER Hitesh brings with himself strong credit markets experience after having worked with Banks such as J.P. Morgan and Deutsche Bank over more than a decade. He has worked across various global markets in a wide variety of roles including Credit Structuring and Credit Risk Management. At Unifi he focuses on the structured debt component of the AIF High Yield Fund. Hitesh is an MBA from IIM Bangalore and MS from Columbia University, New York. He has also done his B. Tech (Hons) from IIT Kharagpur and is a CFA Charter Holder. K. SIVAKUMAR RESEARCH & PORTFOLIO MANAGER Sivakumar is an MBA from IIM Calcutta with 10 years of experience in Corporate banking and Equity research. His corporate stints include Bank of America, Fitch Ratings & Standard Chartered Bank, Singapore where he was part of the Global Corporates team. He also ran a proprietary equity and fund research firm targeting Retail & HNI clients. At Unifi, he is tracking Banking, NBFC & Insurance stocks in addition to assisting the CIO in managing the 'Business Consolidation After Disruptions' fund. He also advises AIF fund on debt investments. Sivakumar is a CFA charter holder and also holds a degree in Electrical engineering from Sri Venkateswara University. ANAND BHAVNANI RESEARCH & PORTFOLIO MANAGER Anand has done M Sc. in Financial Economics from University of Oxford and has more than 7 years of experience in Equity Research and in Derivatives. At Unifi, in addition to tracking Chemicals and select midcaps across sectors, he is assisting the CIO in managing Blended-Rangoli & Deep Value Discount (DVD) funds. Anand is a FRM charter holder and has completed all three levels of CFA. He graduated with distinction from Nirma Institute of Technology in Electronics & Communication engineering
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