Ajmera Investx - Investment Advisory portfolio
                     Ajmera Investx - Investment Advisory portfolio
Description
For Investors to make seamless research driven investments, Ajmera Investx has now tied up 
with Narnolia to give investors complete research driven solution for their investment needs. 
This vehicle is termed as Investment Advisory portfolio (IAP). This investment advisory portfolio 
is based on a client first philosophy which is an outcome of design and not merely chance. IAP 
are thematic baskets of stocks as discussed in length below. 
Narnolia is an investment management and advisory firm founded in 1997 by Mr. Krishna Narnolia 
& Shailendra Kumar. Narnolia has been recognized as the most consistent Portfolio manager of 
the country in 2018 & 2019 consecutively by ‘BSE teflas’. Narnolia leadership team comprises of:
Mr. Krishna N Narnolia ( Founder & CMD ): He is respected & widely known in the industry for 
his in-depth work on India Growth story and is today one of the most sought after columnists and 
speakers in the field of investment.
Mr. Shailendra Kumar ( Co founder & CIO):  He has experience of successfully managing PMS 
and CAT III AIF. He is known for his deep understanding of investment theories, stock selection, 
and portfolio allocation. He holds a postgraduate degree in Management & Systems from IIT –
Delhi.
Ms. Vineeta Sharma ( Head of Research ): She has been in equity research and investment 
advisory for more than 13 years. She leads a team of 32 research analysts covering 192 stocks 
over 18 industries. Under her leadership, the team has recommended 30 multibaggers in the last 
30 quarters. She is a qualified Chartered Accountant and holds Bachelors of Commerce (Hons) 
degree from Delhi University. 
For Ajmera Investex:
Mr. Ashish Ajmera:  Mr. Ashish Ajmera is a self made first generation financial market 
entrepreneur who started from scratch & is a very reputed personality in the financial markets.  He 
continues to have a client centric focus.  His adaptation of changing technologies, long term 
investment policies has helped clients to sustain wealth over a long period.
This association between Narnolia & Ajmera Investx is a  very synergetic relation which will lead 
to empowerment and growth of investors. This esteemed association will help to deliver investor 
growth thereby aimed at benefiting the larger investor community. 
 IAP provides are fruitful to investors even in relation to mutual funds as they provide more 
transparency (your stocks are reflected in your own Demat account). An additional benefit is that 
investments are made at live market rates and not lagged by as is the case with mutual fund 
NAV’s. This vehicle is specifically designed to let investors enjoy a prudent mix of the features 
of a Mutual Fund as well as PMS.
The process of designing the IAP is research driven which makes use of various research tools. 
Quant’s help in assisting Quality. The research process is driven on 5 pillars which connect 
various macro and micro economic indicators.  This process is categorized as the M5 
research driven process which takes into consideration: 
1. Market 
2.  Management Strategy 
3. Business and Financial Moat 
4. Modeling of financials 
5. Multiples ( Valuation )
While potential returns are the one that get everyone excited while investing in the stock market, 
Risk profiling and risk management is equally important. The IAP product factors in risk through 
stock limit (i.e. maximum weightage of a stock in the IAP), Sector limit, Stock review, and 
monitoring along with keeping a tab on fundamental aspects. 
You as an investor can also part in the process of exploring this investment vehicle. Ajmera X 
change in association with Narnolia bring you IAP as stated below: 
1. Industry Leaders Theme: As the name suggests this IAP will invest in the larger players of 
their industry. It will invest in top 3 players of their industry keeping in mind growth in as 
well as return ratios.  Rigorous information mining and data processing helps in making this 
a bottom up fundamental approach. This portfolio in general will contain 12-18 stocks. 
2. Small Cap Theme: Again, as the name suggests, investment is made in smaller companies 
which are growing. Investing in small caps has its own shares of risk but the research driven 
process helps in assessing companies better. This portfolio in general will contain 20-30 
stocks.
3. Multi Cap Theme: India has a vision to become a $5 Trillion economy. The aim of this IAP 
is to take advantage through a mix of large, mid as well as small companies. This 
portfolio in general will contain 20-30 stocks.
4. New India Growth Theme: This IAP helps in tapping opportunities which are a reflection of 
value migration. Value migration is transitioning from outdated business to new age 
businesses. This portfolio in general will contain 15-25 stocks.
Summary of the Return performances across various time frames for the various IAP 
has been tabulated below :
THANK YOU!
To Know More Visit: 
https://www.ajmeraxchange.co.in/blogs/ajmera-investx--investment-advisory
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