About Company
Alchemy Capital Management Pvt Ltd
Alchemy Group, a leading investment management firm in India, has been operating successfully since 2002. Founded by four seasoned equity market professionals, each with more than 30 years of experience, the group boasts a strong foundation. Under the leadership of its Chief Investment Officer, Hiren Ved, the team, which has collaborated for over two decades, has fostered a culture of excellence and established an institutional pedigree focused on consistently delivering superior performance to its clients. The Alchemy Group currently manages assets worth USD 1.2 billion. Alchemy is led by Co-Founder Hiren Ved, who also serves as the Director & CIO. With a strong continuity in investment philosophy and strategy, Hiren and the Alchemy team have cultivated a culture of performance excellence. This has been instrumental in maintaining a consistent track record in their investment strategy. Alchemy boasts a comprehensive network of relationships developed over decades. This network provides the team with valuable insights into stocks, sectors, businesses, and potential investment opportunities, ensuring they remain ahead of market trends.
Alchemy Alpha 100
Fund Snapshot
| Objective | To generate long-term risk-adjusted returns. |
| Fund Manager | Alok Agarwal | Co-Fund Manager: Deven Ved |
| Type of Securities | Equity |
| Allocation of Portfolio | Upto 100% in equity (cash portion may be deployed in liquid funds/ debt securities). |
| Benchmark | Nifty 50 TRI |
| Investment Horizon | 3 to 5 Years |
Investment Style
At Alchemy Capital Management, the investment philosophy is driven by a quantitative approach to ensure a disciplined and unbiased strategy for generating consistent alpha.
Key Principles:
Right Stock + Right Theme + Right Sector + Right Market Cycle = The formula for a successful investment strategy.
Why Quantitative Investment?
- Traditional active investing relies on subjective decision-making and forecasting based on individual perspectives, leading to inconsistencies.
- The Alchemy Capital quantitative investment model is data-driven, model-based, and rigorously back-tested to eliminate human biases.
- Portfolio construction focuses on optimal timing and risk-reward metrics to achieve sustainable returns.
Investment Criteria
Alchemy Capital investment approach is structured around three core pillars:
1. Growth
- Revenue Growth
- Income Expansion
- Free Cash Flow Generation
- Capital Expenditure (CAPEX)
2. Market Cycle
- Performance vs. Market Index
- Relative Drawdown Management
- Price Performance Analysis
- Volatility Assessment
- Shareholding Trends
3. Fundamental Metrics
- Cash Conversion Cycle
- Working Capital Efficiency
- Return on Capital
- Debt Levels
These factors are an integral part of the Alchemy Quant Proprietary Model, ensuring an objective and structured approach to investment decision-making.
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Alchemy Alpha 100
Benchmark: Nifty 50 TRI
Compare fund returns and benchmark performance across multiple investment periods using a visual bar graph.
Review and compare fund returns against benchmark performance across different investment periods in a detailed tabular format.
Alchemy Capital Management Pvt Ltd
| AUM(Cr.) | 1M | 3M | 6M | 1Y | 2Y | 3Y | 4Y | 5Y | Ince. | |
| Performance | ₹15.52 | -14.27 | -12.97 | -5.78 | 1.08 | -1.44 | NA | NA | NA | 7.79 |
| Benchmark | NA | -11.30 | -14.44 | -9.02 | -3.99 | 1.19 | NA | NA | NA | 6.54 |
Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Hiren Ved
Hiren Ved, an equity market veteran, serves as the Director & CIO at Alchemy Capital Management where he has been leading the firm’s Asset Management business. With over 30 years of experience in the Indian equities market, Hiren has developed a sustainable long-term investment philosophy based on fundamental research. He is known for his deep sector knowledge, bottom-up research skills and stock picking abilities. He holds a graduate degree in Accounting from Mumbai University and a post-graduation in Management & Cost Accounting from The Institute of Cost Accountants of India.
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The main objective of Alchemy Capital Management Pvt. Ltd. Alchemy Alpha 100 is to generate long-term risk-adjusted returns through a disciplined equity investment strategy. The portfolio follows a quantitative and research-driven approach aimed at identifying quality businesses across different market cycles.
Alchemy Alpha 100 is managed by Alok Agarwal along with Co-Fund Manager Deven Ved. The strategy combines quantitative screening with portfolio construction techniques focused on balancing growth opportunities and risk management.
The strategy follows a quantitative investment model that uses data, back-tested research, and risk-reward analysis instead of subjective market predictions. The investment philosophy is based on aligning the right stock, sector, theme, and market cycle to create a more structured and unbiased portfolio.
Alchemy Alpha 100 primarily invests in equities and can allocate up to 100% of the portfolio to equity-related securities. The temporary cash portion may also be parked in liquid funds or debt securities for better liquidity and portfolio management during changing market conditions.
The stock selection process is based on three major pillars: growth metrics, market cycle analysis, and fundamental strength. The model evaluates factors such as revenue growth, free cash flow generation, return on capital, debt levels, volatility trends, and working capital efficiency to identify businesses with strong long-term potential.
The recommended investment horizon for Alchemy Alpha 100 is between three to five years. Since the strategy focuses on long-term wealth creation and market cycle opportunities, investors should be prepared to stay invested through short-term market fluctuations.