• Open Account

The MADP Investment Philosophy

M
Multi

Invests across equities, debt and gold for diversified exposure

A
Asset

Focused on tactical asset allocation to drive outperformance across
market cycles

D
Dynamic

Utilizes a systematic, rules-based, quantamental investment process for active rebalancing

P
Portfolio

Engineered to generate superior returns in bullish markets while safeguarding capital in downturns.

What makes MADP stand out?

No single asset class consistently outperforms across market cycles. While debt outperformed other asset classes in 2016, gold outperformed in 2022, and domestic equities outperformed in 2021.

Top Performing asset classes in each calendar year

Gold

International

Gold

Domestic
Equities

International

International

Gold

Domestic
Equities

Debt

Debt

Domestic
Equities

International

Domestic
Equities

Gold

Gold

Domestic
Equities

Gold

Domestic
Equities

Single asset class strategies expose investors to significant volatility and downside risk during unfavourable market conditions.

MADP is different.

It invests across asset classes from domestic and international equity, debt, to precious metals to build a diversified portfolio

Relies on a quant-based framework to dynamically invest across asset classes

Tactically invests to capture upside in favourable times and protect downside in challenging times

This helps in capitalising on market opportunities while keeping investors’ risk tolerance in mind.

The 3 Pillars of MADP

Right Asset

Drives performance by 91 %* Right asset at right time > holding a single asset at all times

Right Time

Enhances alpha generation & risk management Timely review and rebalance > buy & hold driven by biases

Right Factors

Enhances performance by 80%^ Blending multiple factors > choosing single factor

Source: ^PL, *Brinson, Hood, Beebower. “Determinants of Portfolio Performance”. Financial Analysts Journal. July-August 1986; Brinson, Singer, Beetbower. “Determinants of Portfolio Performance II: An Update”. Financial Analysts Journal. May-June 1991.

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All Weather Diversified Portfolio that invests across Fixed Income, Precious Metals, Domestic & International Equities

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Tactical Asset Allocation Strategy to capture upside in favourable times and protect downside in challenging times

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Rules-based, timely and regular review
of the portfolio
using a quantamental
approach to capture opportunities and
reduce risks

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Multi-Factor Quant Model that captures macros, liquidity, trend, risk, valuations and sentiment to dynamically allocate across asset classes

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Systematically Eliminates Risk through
passive exposure to asset classes via Index Funds or ETFs to eliminate stock and sector selection risk, fund manager risk and emotional biases

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Superior Returns With Lower Volatility that beat inflation, debt, gold and equity indices returns over the long term while keeping the portfolio’s volatility very low

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Adaptive across Risk on-off phases by going defensive to manage risk and generates returns by going aggressive at an opportune time

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Performing Across Market Cycles by identifying opportunities across asset classes and allocating accordingly

Strategy Overview

  • Superior risk-
    adjusted returns
    across market cycles

    Dynamic multi-
    asset portfolio

    Rules – based using a
    Quantamental* approach

    *Quantamental = Fundamental + Technical + Macros
    combined using Quantitative methods
  • NIFTY MULTI ASSET

    Open ended

    7th June 2021

    0

    None

MADP is a great fit for…

For conservative-moderate investors who want to grow and protect their wealth over the long term with an investment horizon of minimum 3-5 years.

MADP’s Proprietary 6S & 6F Investment Framework

The 6S and 6F Framework form the core of investment asset allocation strategy. It serves as the foundation upon which we build a robust strategy.

F

  • Favourable Value
  • Favourable Sentiment
  • Favourable Trend
  • Favourable Macros
  • Favourable Monetary Dynamics
  • Favourable Risk Environment

S

  • Style Agnostic
  • Sector Rotation
  • Superior Fundamentals
  • Sound Valuations
  • Strong Technicals
  • Smart Risk Management
Creators of MADP

MADP is the convergence of a multidisciplinary team in one strategy

Creators of MADP Creators of MADP

About the Fund
Manager

about manager
Siddharth Vora
Head of Investment Strategies and Fund Manager, PL Asset Management

About the Fund Manager

Siddharth believes that

“What Google Maps did to Navigation, Quant holds the potential to do to investing”

Siddharth was one of the first to recognise the potential quant and how technology and data can play a major role in the investment landscape of India. Hence, Siddharth spearheaded PL’s foray into the Quantitative Asset Management space.

Read more

manger image

Chairperson, PL
Asset Management

manger image

Head of Investment
Strategies and Fund Manager
PL Asset Management

manger image

Head of PMS Sales & Marketing,
PL Asset Management

BROCHURE Download

Our PMS’ in the news

pl news

Market Radar | Siddharth Vora | ET Now

02 Apr 2025 Watch now
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Views On Trading Hour | Siddharth Vora | CNBC TV18

02 Apr 2025 Watch now
Another 10-15% correction in mid, smallcaps is possible: Siddharth Vora

Another 10-15% correction in mid, smallcaps is possible: Siddharth Vora

10 Mar 2025 Read more
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Is Quant Investing the Holy Grail of Alpha | Siddharth Vora | PMS AIF World

08 Mar 2025 Watch now
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Market Radar | Siddharth Vora | ET Now

24 Feb 2025 Watch now
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Markets are in a risk-transition phase | Siddharth Vora | CNBC-TV18

22 Aug 2024 Watch now
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Market Outlook For 2025 | Amisha Vora | ET NOW

26 Dec 2024 Watch now
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Siddharth Vora sheds light on where he sees value & is building positions in the market on ET Now

18 May 2024 Watch now
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Siddharth Vora Shares His Views On The Newsroom, With ET Now

25 Apr 2024 Watch now
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Siddharth Vora Shares His Views On Fund Manager na Funda With CNBC Bajar

12 Sep 2024 Watch now
Other PMS Strategies

Other PMS Strategies

Other PMS Strategies

ND-PMS

FAQs on MADP PMS Strategy

Multi Asset Dynamic Portfolio is our quant-based PMS strategy that employs a systematic, alpha-focused, rules-based approach to dynamically invest across asset classes. This multi asset allocation strategy aims to generate superior returns during risk-on periods while diversifying risk during risk-off periods, enabling us to sustainably capture alpha across market cycles. The investment is made across Domestic & International Equities, Gold and Liquid Funds.

Dynamic Asset Allocation strategy refers to an investment style where the asset mix in the portfolio is adjusted – dynamically – to take advantage of market trends. MADP is a multi-asset allocation strategy that relies on a dynamic multifactor investment framework designed for systematic alpha generation. The focus is on generating sustainable and repeatable alpha, across market cycles.

6F: Dynamic Asset Allocation to Navigate Market Cycles by Managing Risks for Sustainable Outperformance

  • Favourable Value
  • Favourable Trend
  • Favourable Macros
  • Favourable Sentiment
  • Favourable Risk Environment
  • Favourable Monetary Dynamics

6S: Dynamic Stock Selection for Repeatable Outperformance

  • Style Agnostic
  • Sector Rotation
  • Superior Fundamentals
  • Sound Valuations
  • Strong Technicals
  • Smart Risk Management

A multi-asset fund invests in more than one asset class. Multi Asset Dynamic Portfolio is our quant-based PMS strategy. It identifies the phases of wealth creation to ensure the investment is made in the right class, at the right time. With its quant-based, process-driven approach, MADP aims to generate superior returns during risk-on periods while diversifying risk during risk-off periods, enabling us to sustainably capture alpha across market cycles.

Dynamic Asset Allocation strategy is a portfolio management strategy wherein the investment is made across multiple asset classes. MADP aims to get it right by integrating:

  • Right Factors: Enhances performance by 80%^
  • Right Asset: Drives 91%* of the performance
  • Right Time: Enhances alpha generation & risk management

Here’s how the asset allocation works:

  1. Determine Equity strength using the Dynamic Multi-factor Model based on the 6F framework to arrive at equity & non-equity allocations
  2. Allocate to International equities, if Domestic equities strength is low, but international equity strength is high
  3. For non-equity allocation, invest in Gold if Composite Gold signal is buy. Invest in Liquid bees if Composite Gold signal is sell
  4. Review asset allocation model every week for responsive risk management. Review Stock Selection dynamically on a sub-quarterly frequency to rebalance the portfolio to stay aligned to market realities
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