A disciplined equity strategy focused on long-term compounding
Discovery is Vallum’s core equity investment approach, built on owning high-quality businesses early in their growth cycle—at reasonable valuations and with a long-term perspective.
Vallum India Discovery
Universe
Indian listed equities | Sector-agnostic
Portfolio Size
22–27 stocks
Holding Period
Long-term
Risk Approach
No leverage. No derivatives. Conservative position sizing.
Growth at a
Reasonable Price
We focus on identifying businesses early in their earnings cycle—where fundamentals are improving but valuations remain sensible. The approach is bottom-up and research-led, not driven by market narratives or short-term themes.
Before Capital Is Deployed
Every investment undergoes a structured evaluation process
Proprietary quantitative screening
Forensic accounting and balance sheet review
Business and industry analysis
Governance and capital allocation assessment
Focused and Risk-Aware
Portfolios are constructed with intent. Position sizes reflect conviction, business stability, and portfolio role. Diversification is maintained without diluting meaningful exposure.
- 22–27 carefully selected stocks
- Conservative sizing
- No leverage or short-term trading
Process Through
Market Cycles
Short-term market movements are unpredictable. A disciplined, process-led approach helps navigate cycles while staying anchored to business fundamentals.
Discovery is built on process rather than prediction. Market cycles are uneven—periods of strong performance may be followed by consolidation. Rather than forecasting short-term movements, the strategy adapts while remaining anchored to business fundamentals. Over time, this disciplined approach has led to differentiated investment decisions across cycles, including avoiding overheated sectors and identifying emerging earnings trends early—insights that continue to shape the Discovery philosophy.
Is Vallum India Discovery Right for You?
Discovery is designed for long-term investors who understand that equity investing involves patience and periods of divergence. It may not suit investors seeking short-term outperformance or index-like behaviour.
This is a PMS Investment Approach. Performance-related information is not verified by SEBI. Past performance is not indicative of future results. Investments are subject to market risks.