Equity Analyst - BFSI | Cat 3 AIF
Monarch Networth Capital Ltd (MNCL), a leading financial services firm, is seeking Senior Equity Analysts to join the investment team for its long only Cat 3 AIF (Monarch AIF) which is currently running its maiden equity fund named MNCL Capital Compounder Fund with an AUM of ~Rs110cr. The AIF has also filed to SEBI for its second scheme with a targeted AUM of Rs250cr which is expected to get operationalized soon.
Role - This would be a highly entrepreneurial role and candidate would be part of a very small team, with extremely high degree of ownership and responsibility in assisting the Fund Manager in generating superior performance in the Fund. The right candidate would be equal parts analytical and passionate for equities, self-starter and someone who seeks high ownership and is not afraid of getting his hands dirty through a mix of on-ground research apart from desk-based research.
Experience & Qualification - Candidates to have at least 4 years of experience of equity research in either the Indian buyside or sellside in a reputable firm. Candidates must possess either a Chartered Accountancy or a Chartered Financial Analyst (USA) qualification apart from other graduate/post graduate degrees. Candidates with experience of tracking multiple sectors would be preferred.
Sectors which the candidate should have hold on – BFSI and one or two more sectors
- Sector agnostic in-depth bottoms up research on companies that are initially chosen from a proprietary screener(s) of Monarch AIF
- Conduct in-depth research and analyse companies both qualitatively and quantitatively to develop deep understanding of company’s business model, market positioning & track record
- Extensive reading of annual reports of companies and preparing data sets (including the financial model) as per prescribed format for coverage
- Interactions with company managements and various other stakeholders (like employees, suppliers, customers, regulators etc)
- Attending company concalls, analyst meets and going on plant visits
- Keep up to date with current industry trends and trade publications on various sectors
- Conduct primary channel checks on regular basis on specific stocks and sectors
- Preparation of investment pitch (for internal purposes)
Skill and Competencies -
- Excellent analytical skills, deep understanding of company’s financial statements, Ability to work under minimal supervision
- Excellent writing and verbal communication skills
- Excellent interpersonal skills in developing relationship with company managements and various stakeholders for conducting interaction based research
- Excellent MS word and presentation skills. High competency in MS excel is a MUST.
Job Location – Mumbai, BKC
Compensation – At par with industry standards
Note – Any interested candidate would need to send a 2-3 pager Investment thesis on any one stock where they have highest conviction (below 10000cr Mcap) detailing his/her stance with solid reasoning covering all fundamental aspects (valuation included) along with brief snapshot of nos.
About Monarch Networth Capital
Monarch Networth Capital (MNCL) is a strategic amalgamation of two leading financial service providers Monarch Group of Companies and Networth Stock Broking Ltd. With more than 2 decades in devising and executing smarter financial products and strategies, we have emerged as one of the leading and reliable financial services provider and are listed on BSE. The key verticals of MNCL range from pure stock broking services to primary marketing operations, mutual funds distribution, insurance and comprehensive financial planning. MNCL has recently set-up two new divisions: 1. Fund Management division set-up as a long only category 3 AIF (Monarch AIF) and 2. Institutional Equity Research desk focused on midcap segment of the market.
About Monarch AIF
Monarch AIF is a SEBI registered category 3 long only equity fund set-up as a trust which is fully owned by Monarch Networth Capital (which in turn is listed on the BSE). The fund is committed to offer a highly value-added investment strategy which is fully aligned to the investor’s long-term goals (superior returns) and interests (with very competitive fee structure). The fund is currently running its maiden equity schme named MNCL Capital Compounder Fund with an AUM of ~Rs110cr. The AIF has also filed to SEBI for its second scheme with a targeted AUM of Rs250cr which is expected to get operationalized soon.
Fund’s Investment Strategy - Focus on going long on listed companies having solid track record, high quality business with strong potential, clean management, clear visibility of growth over medium term and comfortable valuations. There would be special emphasis on returns generated by the company on its incremental capital employed (I-ROCE) in recent years and preference would be for companies which have higher I-ROCE vs their past ROCE. Strong focus would be on real cash flows and cash flow yields while selecting stocks. Fund would follow prudent sector allocation weights to minimize risk from over-dependence on one sector. The fund would follow multi-cap strategy with a bias towards midcap & smallcap stocks.
About Fund Manager – Mr. Abhisar Jain, CFA - Mr. Abhisar Jain, is the Head and fund manager of Monarch AIF. He has completed his B.Tech in Electronics Engineering from Y.M.C.A Institute of Engineering and MBA in Finance from SP Jain Centre of Global Management. Abhisar is also a CFA charter holder (US) and active member of CFA India society. He has more than 12 years of experience in the equity markets with specialization in equities research and niche in identifying high quality businesses. He has previously worked with Centrum Broking Limited as a lead analyst for Metals & allied sectors on the institutional equity business and was associated with it between 2011 and 2019. He earned several accolades in his stint at Centrum including Best analyst awards from renowned Reuters analyst awards for two consecutive years and Top 10 ranking from prestigious Asiamoney polls for Best analyst in small cap category. He also has the distinction of special recognition for best stock ideas received from multiple fund houses like HDFC MF, ICICI Pru MF and Aditya Birla MF. Abhisar has also worked at ICICI securities and TCS earlier in his career. He is highly passionate about equities and draws his inspiration in fund management business from the wisdom of legendary investors like Warren Buffett, Peter Lynch and Joel Greenblatt.