Portfolio factsheet
Clean Energy Leaders
Renewable-energy leaders positioned for the global energy transition. Concentrated — best held as a satellite, not a core.
- Risk category
- High — sector concentrated
- Recommended horizon
- 5+ years
- Minimum investment
- ₹10,000
- Benchmark
- Broad clean-energy index
- Rebalance frequency
- Quarterly
- Manager
- Meridian Research (SEBI-registered)
Allocation (version 7)
Liquidity class matters as much as weight — it decides how quickly you can exit without moving the price.
| Company | Sub-theme | Weight | Liquidity class |
|---|---|---|---|
| Solaris Power Ltd | Solar | 25% | High |
| Windward Energy | Wind | 20% | High |
| GridFlex Storage | Storage | 15% | Medium |
| Hydrolyne Industries | Green hydrogen | 15% | Medium |
| Voltbridge Transmission | Grid | 15% | High |
| Ecocell Components | Components | 10% | Medium |
| Total | 100% |
Performance versus benchmark
Indexed to 100. The shaded region is backtested; everything after it is live, tracked money.
Shaded: backtest to Aug '25. Live period thereafter. After-cost series is net of brokerage, statutory charges and modelled slippage.
- 1Y after costs
- +18.0%bmk +15.0%
- Volatility (1Y)
- 21.4%bmk 17.8%
- Max drawdown
- −28.0%bmk −22.0%
- Sharpe (live)
- 0.68bmk 0.61
- Turnover (1Y)
- 34%bmk —
Why the latest changes were made
What changed
Solar weight +6%; legacy and hybrid energy −6%. Ecocell trimmed to 10%.
Why
Module cost declines are structural rather than cyclical, and tariff policy extended support for utility-scale solar. Legacy hybrid names lost margin support.
Expected impact
Modest turnover (~7% of portfolio), slightly higher volatility, unchanged benchmark.
Tax note
Holders who sell now realise a small short-term gain. Three lots turn long-term within 21 days.
Cashability preview
What you would actually receive if you exited today — before you commit, not after.
- Gross market value
- ₹2,48,000
- Bid-ask spread & expected slippage
- − ₹1,240
- Brokerage & statutory charges
- − ₹620
- Estimated short-term tax
- − ₹4,180
- Estimated long-term tax
- − ₹1,930
- Estimated net proceeds
- ₹2,40,030
Total friction ₹7,970 (3.2% of gross). Settlement: T+1 — credited by 24 Aug 2026.
Cannot be sold immediately
- Ecocell Components — Corporate action (rights issue) — blocked 3 days
- Hydrolyne Industries — Thin volume — partial fill likely over 2 sessions
Residual concentration
Exiting leaves 41% of remaining equity in two large-cap names.
3 lots turn long-term in 21 days — waiting changes the tax outcome.
Risks you are accepting
Sector concentration
A single theme. When the theme is out of favour, everything in it falls together.
Policy dependency
Subsidies, tariffs and regulation drive a large share of the earnings outlook.
Deeper drawdowns
Max drawdown of −28% versus −22% for the benchmark. Expect worse in a stressed market.
Invest through your own broker
Minimum ₹10,000. Orders route to your broker after explicit consent.
Illustrative factsheet with mock holdings and figures. Nothing here is investment advice or a recommendation. Concentrated thematic portfolios carry higher risk of loss. See the rebalance flow for how changes are applied.