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.
What Is Alchemy Alternative Investment Trust?
Alchemy Alternative Investment Trust is a SEBI-registered Category III Alternative Investment Fund (AIF) trust structure associated with Alchemy Capital Management. It should be understood primarily as an umbrella/legal fund structure, rather than as a standalone investment strategy with its own independent portfolio.
The Trust provides the legal and regulatory framework under which applicable Alchemy alternative investment schemes may operate. Individual schemes can have their own investment objectives, portfolio construction, fees, tenure, liquidity provisions and risk factors.
For investors, this distinction is important: the Trust and an individual AIF scheme are not interchangeable terms. The relevant scheme's Private Placement Memorandum (PPM), subscription documents and other applicable legal documents govern the specific investment.
Alchemy Alternative Investment Trust: Registration & Structure
The Trust is registered with SEBI as a Category III AIF under registration number:
IN/AIF3/17-18/0381
The structure involves the Trust as the underlying legal fund vehicle, with the applicable investment manager responsible for managing the investment activities of the relevant AIF scheme.
Key structural elements
| Parameter | Details |
| Trust | Alchemy Alternative Investment Trust |
| AIF Category | Category III Alternative Investment Fund |
| SEBI Registration | IN/AIF3/17-18/0381 |
| Investment Manager | Alchemy Capital Management |
| Structure | Trust-based AIF structure |
| Investment Strategy | Determined separately for each applicable scheme |
| Governing Documents | Applicable PPM, subscription documents and scheme documents |
| Fees & Tenure | Scheme-specific |
The registration of the Trust as a Category III AIF does not mean that every scheme under the structure follows the same investment strategy. Individual scheme documentation determines the applicable investment mandate and commercial terms.
AIF Schemes Under Alchemy Alternative Investment Trust
Alchemy has operated alternative investment strategies through its AIF platform. The relevant scheme names and their status should be distinguished from the umbrella Trust itself.
| Scheme / Strategy | Relationship to the Trust | Status / Notes |
| Alchemy Leaders of Tomorrow | Alchemy alternative investment scheme | Refer to current scheme documentation |
| Alchemy Emerging Leaders of Tomorrow | Alchemy alternative investment scheme | Refer to current scheme documentation |
| Other applicable Alchemy AIF schemes | Subject to the Trust structure and applicable documents | Current status should be confirmed from the latest PPM |
The Alchemy Alternative Investment Trust should not itself be presented as an investment strategy. Investors evaluating an Alchemy AIF should identify the specific scheme first and then review its investment objective, strategy, portfolio mandate, fees, tenure, liquidity and risk factors.
Scheme names, subscription status and availability can change over time. The latest applicable PPM and fund documentation should therefore be used when presenting a scheme as currently open for investment.
How a Category III AIF Scheme Operates Under the Trust
A Category III AIF is an alternative investment structure that can employ a range of investment strategies within the regulatory framework applicable to the category.
At a high level, the structure works through several connected components:
- The Trust
The trust acts as the legal vehicle through which the AIF structure is established.
- The Investment Manager
The investment manager is responsible for managing the investment activities in accordance with the applicable scheme mandate and governing documents.
- Individual Schemes
Different schemes can operate with different investment objectives and strategies. One scheme may focus on a particular segment of listed equities, while another may have a different mandate.
- Investors
Eligible investors subscribe to the relevant scheme according to its subscription documents and applicable eligibility requirements.
- PPM and Scheme Documents
The Private Placement Memorandum (PPM) sets out the material terms of the relevant scheme, including investment strategy, risk factors, fees, liquidity, tenure and other applicable provisions.
This means an investor should not rely only on the name of the umbrella Trust when evaluating an AIF opportunity. The specific scheme and its latest legal documentation are the appropriate reference points.
Key Risks and Regulatory Considerations
Investing through a Category III AIF involves risks that can vary substantially depending on the underlying scheme.
Market Risk
AIF schemes investing in listed securities can be affected by movements in equity markets, interest rates, economic conditions, investor sentiment and company-specific events.
Strategy Risk
The investment outcome depends on how successfully the relevant scheme implements its stated investment strategy. Market conditions may cause a strategy to perform differently from expectations.
Concentration Risk
A scheme holding a concentrated portfolio can be more sensitive to the performance of individual companies, sectors or themes.
Liquidity Risk
The ability to enter or exit an investment can depend on the liquidity provisions of the relevant scheme and the underlying securities. Redemption conditions can vary between schemes.
Valuation Risk
Securities may trade at valuations that do not reflect their expected fundamental value. A valuation thesis may also take longer than anticipated to play out.
Regulatory Risk
AIFs operate within a regulatory framework that can change over time. Changes in regulations, taxation, reporting requirements or investment restrictions may affect the operation of a scheme.
Scheme-Specific Risk
The most important risks are ultimately scheme-specific. The investment strategy, portfolio, market exposure, leverage provisions, liquidity and other characteristics of an individual scheme should be evaluated using its current PPM and related documentation.
Request Alchemy AIF Details
For information on an Alchemy alternative investment scheme, investors can request the latest Factsheet/PPM and applicable scheme documents to review the investment strategy, eligibility, fees, tenure, liquidity and risk factors.
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Alchemy Alternative Investment Trust is a SEBI-registered Category III AIF trust structure associated with Alchemy Capital Management. It serves as an umbrella/legal vehicle for applicable Alchemy alternative investment schemes rather than representing one standalone investment strategy.
Yes. Alchemy Alternative Investment Trust is registered with SEBI as a Category III Alternative Investment Fund. Its registration number is IN/AIF3/17-18/0381. The investment strategy, fees and other commercial terms are determined at the relevant scheme level.
The SEBI registration number associated with Alchemy Alternative Investment Trust is IN/AIF3/17-18/0381. Investors should refer to current regulatory and scheme documentation for the applicable legal and operational details.
Alchemy Capital Management is the investment manager associated with the Trust. The investment manager's responsibilities and the precise mandate applicable to an investment depend on the relevant AIF scheme and its governing documents.
Alchemy has operated alternative investment schemes including Alchemy Leaders of Tomorrow and Alchemy Emerging Leaders of Tomorrow. The current status and relationship of any particular scheme should be confirmed through its latest PPM and applicable fund documents.
Alchemy Leaders of Tomorrow is an Alchemy alternative investment scheme associated with the firm's AIF platform. Investors should refer to the latest scheme documentation to confirm its current status, structure and subscription availability.
Alchemy Emerging Leaders of Tomorrow is an Alchemy alternative investment scheme associated with the firm's AIF platform. Its current investment terms, status and applicable documentation should be confirmed from the latest scheme-level documents.
No. Alchemy Alternative Investment Trust should not be treated as a standalone investment strategy. It is the legal/umbrella AIF structure under which applicable schemes operate. The investment objective and strategy need to be evaluated at the individual scheme level.
No. Fees, tenure, liquidity, investment strategy and other commercial terms can differ between AIF schemes. Investors should review the applicable scheme's latest PPM and subscription documents rather than assuming that the Trust-level structure establishes identical terms for every scheme.
Risks depend on the specific scheme but may include equity-market volatility, concentration, liquidity, valuation, strategy, regulatory and investment-specific risks. The relevant PPM should be reviewed for the complete risk factors applicable to a particular scheme.
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