Chanakya Wealth Creation Plan

The Chanakya Wealth Creation Plan is a Portfolio Management Service managed by Trust Investment Advisors Pvt. Ltd. Its stated objective is to achieve long-term growth of capital through a relatively concentrated, low-churn portfolio of Indian public-market equities.

The strategy was launched on 1 January 2011 and, according to the latest APMI disclosure dated 31 July 2026, had ₹796.78 crore in AUM. The minimum investment is ₹50 lakh, and the strategy uses the Nifty 50 TRI as its benchmark.

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What Is the Chanakya Wealth Creation Plan?

The Chanakya Wealth Creation Plan is an equity-oriented PMS strategy built around long-term capital growth, relatively concentrated investing and low portfolio churn.

Its investment objective, as disclosed to APMI, is to achieve long-term growth of capital by maintaining a relatively concentrated, low-churn portfolio of Indian public-market equities.

The strategy therefore differs from approaches where the portfolio is frequently repositioned in response to short-term market movements.

The investment philosophy centres on identifying businesses that can potentially compound over long periods. The framework focuses on three broad ideas:

• Great businesses — businesses with scalability, profitability and durability.
• Good management — management teams capable of allocating capital effectively and adapting to changing conditions.
• Reasonable valuations — paying attention to the price at which a business is purchased rather than looking only at business quality.

The strategy is designed for investors who are comfortable giving an investment thesis time to play out rather than expecting constant portfolio activity.

APMI classifies the product as Equity, Mutual Fund and Others, while the stated investment objective specifically refers to Indian public-market equities. The classification should not, by itself, be interpreted as confirmation that every investor's portfolio currently contains mutual funds.

The minimum investment is ₹50 lakh.

Chanakya Wealth Creation Plan Snapshot

The AUM, minimum investment, inception date, benchmark, fee disclosures, fund-manager name and turnover figures above are based on the APMI IA Insight disclosure for IA ID 648.

Important: "NA" in the APMI disclosure means the information is not available in that disclosure. It should not be interpreted as a zero fee or zero exit load.

How the Portfolio Is Built

The central idea behind Chanakya is long-term ownership rather than frequent trading.

The strategy seeks to build a relatively concentrated portfolio of Indian public-market equities. This means the investment team can take meaningful positions in businesses where it has conviction rather than spreading capital across a very large number of securities.

The investment process can broadly be understood through three filters.

1. Great businesses

The strategy looks for businesses that can potentially grow over long periods. Scalability, profitability and durability are important considerations because long-term wealth creation depends on the ability of a business to grow its earnings and cash flows.

2. Good management

A strong business can still destroy shareholder value if capital is poorly allocated. Management quality is therefore an important part of the investment assessment.

The focus is not simply on current financial performance but also on how management responds to changing competitive conditions and allocates capital.

3. Reasonable valuations

Even a high-quality company can become a poor investment if purchased at an excessive valuation.

The strategy therefore combines business quality with valuation discipline rather than treating growth alone as sufficient.

What does "relatively concentrated" mean?

A concentrated strategy means that individual holdings can have a meaningful impact on overall portfolio performance.

That can work in the investor's favour when the investment thesis plays out successfully. However, it also increases the importance of security selection and makes company-specific risks more relevant.

This is why the strategy should not be described as low-risk simply because it follows a long-term approach.

Why Low Churn Matters

Low churn is one of the defining characteristics of the Chanakya Wealth Creation Plan.

But low churn is more than a description of how frequently a portfolio trades. It can materially affect the way an investor experiences a PMS strategy.

APMI reported 1-month portfolio turnover of 0.03 and 1-year portfolio turnover of 0.42 as of 31 July 2026.

These figures provide measurable evidence that the strategy's stated low-churn philosophy is reflected in its reported portfolio activity.

Lower turnover can mean fewer unnecessary transactions

A portfolio that changes less frequently can potentially incur fewer transaction-related costs than a strategy that trades aggressively.

Every purchase and sale can involve costs such as brokerage and statutory transaction charges. Over long periods, reducing unnecessary trading can help minimise this drag.

Lower turnover can reduce the frequency of realised gains

Selling an appreciated security can create a taxable capital-gains event.

If a manager holds a position for longer, there may be fewer instances in which gains are realised simply because the portfolio is being actively rotated.

However, low churn does not eliminate taxation.

Tax treatment depends on factors such as the nature of the security, holding period, transaction and applicable tax rules. Investors should therefore not interpret low turnover as a guarantee of lower tax liability.

Long holding periods can support compounding

The economic logic behind low churn is straightforward: if the investment thesis remains intact, there may be little reason to sell simply because a stock has moved up or because another opportunity has appeared.

Holding a high-quality business through multiple years can allow the underlying company's growth to compound.

But low churn has a trade-off

Low churn should not be presented as a risk-reduction mechanism.

If the fundamentals of a company deteriorate, a low-churn philosophy can mean that the position takes longer to exit.

That makes the quality of the initial research and ongoing monitoring particularly important.

In other words:

Low churn can reduce trading activity and potentially reduce cost and tax drag, but it does not reduce market risk.

Chanakya Wealth Creation Plan Minimum Investment and Fees

The Chanakya Wealth Creation Plan has a minimum investment of ₹50 lakh, according to the APMI disclosure dated 31 July 2026.

APMI currently shows NA for the fixed fee structure, variable fee structure and exit load for this strategy.

Investors should therefore obtain the current commercial terms from the portfolio manager and review the applicable PMS agreement before investing.

The complete cost of investing in a PMS can include more than the headline management fee.

Investors should check:

• Fixed management fee
• Performance or variable fee
• Hurdle rate, if applicable
• Exit or withdrawal charges
• Brokerage and transaction costs
• Custody and other account-level expenses
• Applicable taxes
• Expenses associated with underlying investments, where applicable

What about mutual-fund expenses?

APMI classifies the product as Equity, Mutual Fund and Others. However, that classification does not establish that mutual funds are necessarily held in every client portfolio.

If mutual funds are used in a particular portfolio, investors should understand whether the underlying fund's expense ratio is applicable in addition to PMS-level charges.

For investors comparing the two structures, PMS vs Mutual Funds provides a useful framework for understanding the difference between the two.

Key Risks of a Diversified Multi-Asset PMS

The Chanakya Wealth Creation Plan should not be treated as a low-risk investment merely because it follows a long-term or low-churn philosophy.

Market risk

The strategy invests primarily in Indian public-market equities. Equity prices can fall because of company-specific events, economic slowdowns, interest-rate changes, liquidity conditions, geopolitical developments or broader market sentiment.

Concentration risk

The investment objective describes the portfolio as relatively concentrated. A concentrated portfolio can generate strong results when high-conviction ideas perform well, but losses in an individual holding can have a greater effect on overall returns.

Security-selection risk

The strategy's results depend heavily on the investment team's ability to identify businesses that deliver on the original investment thesis.

Allocation risk

Where multiple instrument categories are used, portfolio outcomes can also depend on how capital is allocated across those categories.

Low-churn risk

Low turnover can reduce unnecessary trading, but it can also make the portfolio slower to exit a deteriorating position.

Liquidity risk

Certain securities may become harder to sell during stressed market conditions. Lower liquidity can affect both execution and the price received.

Fee-layering risk

Where underlying products such as mutual funds are used, investors should evaluate whether their underlying costs add to the overall cost of the PMS portfolio.

Key-person risk

The investment process depends on the experience, judgement and continuity of the investment team.

Tax risk

Low churn does not mean zero taxation. Investors should assess the tax consequences of portfolio transactions based on their individual circumstances and prevailing tax regulations.

Who May Consider the Chanakya Wealth Creation Plan Strategy?

The Chanakya Wealth Creation Plan may be relevant for investors who:

• Can meet the ₹50 lakh minimum investment.
• Have a long-term investment horizon.
• Are comfortable with equity-market volatility.
• Prefer a relatively concentrated portfolio.
• Understand the implications of a low-churn investment approach.
• Are comfortable allowing investment ideas time to develop.
• Prefer fundamental, business-focused investing over frequent tactical trading.

It may be less appropriate for investors who require short-term liquidity, capital protection, highly predictable returns or a portfolio designed around frequent tactical changes.

Investors should evaluate the strategy in the context of their overall asset allocation, rather than viewing it in isolation.

Those considering direct stock investing can also compare the approach with PMS vs Direct Equity.

For investors considering broader wealth structuring, a family office approach may also be relevant depending on the complexity of their financial requirements.

Explore Related Investment Options

Investors evaluating the Chanakya Wealth Creation Plan can also explore related investment approaches available through ALTPORT:

Portfolio Management Services

PMS vs Mutual Funds

Mutual Fund

PMS vs Direct Equity

Family Office

For further information about the Chanakya Wealth Creation Plan or to discuss whether the strategy fits within your broader investment requirements, contact our investment team.