Series 129 – Quarterly Call Highlights – Positioning and Themes under focus

Sharing you the link of our latest Quarterly call and below are the key highlights that we have covered in the call- https://ituscapital.com/investor_calls/itus-capital-3q-investor-call-2025/

Last week we had briefed you the Macro Landscape of India that was covered in our quarterly call, In continuation to this, we have highlighted the portfolio positioning and key themes under focus below-

1. Cyclical Rebalancing with Conviction– Over the last 6-8 months, we have Raised weights in metals and chemicals to reflect near-term cyclical shifts, while preserving long-term thematic exposure.
2. Market-Cap Allocation as of Sep 2025– Portfolio split between the market caps has been as below

• Large Cap (49.7%)
• Mid Cap (28.1%)
• Small Cap (17.3%)
• Cash (5.0%)

3. Sectoral Overweight Reflect Bottom-Up Strength– Focused allocations in Healthcare (12.8%), Mining & Minerals (9.2%), Financial Services (7.0%), Chemicals (5.8%), Insurance (5.8%), and Consumer Discretionary (6.5%)—sectors with pricing power and margin resilience.
4. Tactical Underweights in Financial Intermediaries-Banks (17%) and NBFCs (3%) remain underweight due to margin compression and regulatory overhang, aligning with our risk-adjusted return framework.
5. Platform Businesses – A Structural Bet– Favouring digital platforms with network effects and high operating leverage, now transitioning to self-funded growth amid a low-rate regime.
6. Chemicals – Efficiency Meets Global Tailwinds-Targeting firms with strong CFO growth, disciplined capex, and margin protection—positioned to benefit from global supply shifts and domestic capacity build-out.

At ITUS, Key positioning has always been with a preference for Margin Stability & Pricing Power– Across sectors, we prioritize businesses with durable economics and the ability to defend profitability in a consolidating growth environment. Risk Management has anchored Every Allocation- Position sizing and valuation discipline remains the core of every allocation.

Next week we will briefly be covering the outlook on the markets and ITUS’s portfolio. You may visit the link below to read our previous contents and keep following us for more like these.

Keep following us for more contents like these. As always, we keep re-emphasising our SIP mode of investment. You can connect with your relationship manager to know more about our SIP Program.

These weekly episodes are now available in our website for your quick read and you may access the same in the below link.

Weekly Insight Digest – ITUS Capital