Wealth Management
Family allocations whose growth engine is drawn from these conviction strategies.
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III · Strategies & Portfolios
Patient capital, in
Patient capital, in
conviction portfolios.
David Holdings runs discretionary strategies and a fixed-income book through investment-trust and direct structures — in shares, bonds, debentures, and securities — each with a written thesis and a documented sell discipline. We do not chase the index; we build portfolios we are content to hold for a decade.
What we offer
Three things, done
Three things, done
with conviction.
The strategies practice is deliberately narrow: a small set of activities, each conducted with discipline rather than breadth for its own sake.
- Investment trust activities
- Investment in shares, bonds, debentures and securities
- Underwriting and portfolio investments
Our approach
How a position
How a position
enters the book.
Every holding earns its place through the same three-step discipline. The framework governs entry, sizing, and the conditions under which we will sell.
01
Thesis
Each candidate — equity, bond, debenture, or structured security — is researched to a written thesis covering the business, the balance sheet, the valuation, and the risks we are willing to bear.
02
Sizing & structure
Positions are sized to a documented framework and held through the appropriate vehicle — an investment trust or a direct mandate — with underwriting commitments taken only where the terms are right.
03
Review & sell discipline
Holdings are reviewed against the thesis, not the ticker. We sell when the thesis breaks, the valuation outruns the facts, or a better claim on capital appears — and not on noise.
Portfolio illustration
A conviction book,
A conviction book,
by weight.
An illustrative set of top holdings in a representative compounders strategy. Names and weights are placeholders for presentation and are not a recommendation.
Compounders strategy · top weights
3-yr CAGR
18.2%
Since inception
15.6%
Holdings
22
Fig. · Illustrative weights
Past returns illustrative · not a recommendation
Questions, answered
On the strategies
On the strategies
practice.
A few of the questions investors raise before allocating to the firm's strategies.
What is an investment trust structure, and why use one?
An investment trust is a pooled vehicle through which capital is invested in shares, bonds, debentures, and securities under a single mandate. It allows a long-horizon strategy to be run consistently across investors, with clear governance and reporting.
How do you decide what enters the portfolio?
Every position is researched to a written thesis and sized within a documented framework. We invest in businesses and instruments we understand and are prepared to hold for years, rather than tracking an index.
When do you sell?
We sell when the original thesis breaks, when valuation moves materially ahead of the facts, or when capital has a better claim elsewhere. The sell discipline is documented at the point of purchase, not improvised in a drawdown.
Do you take underwriting positions?
Selectively. The firm underwrites and takes portfolio investments where the terms and the underlying merit it, and where the commitment fits the strategy's mandate. We decline far more than we accept.
Are past returns a guide to the future?
No. Any figures shown are illustrative and historical, and investments are subject to market risks. Returns are not guaranteed, and you should read all scheme-related documents carefully before investing.
Related practices
Where strategies
Where strategies
connect.
The strategies practice is woven into the firm's wealth, markets, and advisory work.
◆
Discuss an allocation to our conviction strategies.
Allocations begin with a conversation about mandate, horizon, and suitability — in Chennai or by video. We meet by appointment.
Schedule a private consultation— Replies within two business days · Strictest discretion