At the core of this strategy is a diversified portfolio of convertible securities, which combine equity-linked upside with the defensive characteristics of fixed income. These instruments allow Dhanam to capture appreciation during rising equity markets while maintaining downside support through their bond-like features. Alongside convertibles, the allocation extends to non-convertible income securities, particularly in the high-yield spectrum, providing elevated current income and broadening exposure across credit tiers.

 

The balance between convertible and non-convertible holdings is dynamic, shifting in response to equity valuations, interest rate environments, and broader macroeconomic factors. This flexibility ensures that the strategy remains aligned with prevailing market conditions, enabling the portfolio to recalibrate exposures as cycles evolve. By integrating both equity-sensitive and credit-sensitive assets, the fund embodies Dhanam’s philosophy of building resilience without sacrificing growth potential.

​

A further dimension of the allocation lies in its openness to global markets. The ability to invest without limitation in foreign issuers enhances diversification across geographies and economies, positioning the strategy to benefit from both developed and emerging market opportunities. This global reach reinforces Dhanam’s belief in diversification as a hedge against jurisdictional concentration and as a source of untapped growth.