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.
Fund Snapshot
|
Investment Objective |
To generate long-term risk-adjusted returns |
|
Fund Manager |
Alok Agarwal |
|
Co-Fund Manager |
Deven Ved |
|
Types of securities |
Equity |
|
Benchmark |
BSE 500 TRI |
|
Choice of benchmark |
As per APMI Circular APMI/2022-23/02 dated March 23, 2023 |
|
Allocation of Portfolio |
Up to 100% in equity (cash portion may be deployed in liquid funds/debt securities). |
|
Portfolio Construct |
A typical Portfolio generally consists of to 35 stocks across sectors. |
|
Investment horizon |
3 to 5 years |
|
Risk associated |
High Risk |
INVESTMENT PHILOSOPHY
- We believe that consistent and superior long-term absolute returns can be made across market cycles by investing in growth companies with good management teams.
- We like businesses that address large and growing external opportunities, have a competitive advantage in effectively exploiting those opportunities and have a scalable business model with a higher-than-average Return on Capital Employed (ROCE) over the investment horizon.
- We believe that management teams are key to business success. We look for managements that have aggression and are aligned to business outcomes while simultaneously having respect for governance and capital allocation.
- While growth companies form the core of the portfolio, we also tactically invest in deep value opportunities and special situations that may appear due to and during market cycles.
Basis of selection of types of securities as part of the Product/Investment Approach
Equity stocks are chosen for investment on the basis of 3 factors:
1. The company fundamentals, as reflected in reported numbers
2. Investment strategy research regarding various market cycles and
3. Risk & Reward ratios
Cash or cash equivalents are chosen when an appropriate equity opportunity is not available
Turn strategy into success with AltPort’s evidence-based investing approach.
Track how the fund has performed against its benchmark over time through a comparative line graph analysis.
Alchemy Ascent
Benchmark: BSE 500 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 | ₹233.50 | -10.33 | -9.04 | -6.85 | -10.12 | -9.60 | 10.87 | 3.39 | 8.66 | 11.31 |
| Benchmark | NA | -11.37 | -13.94 | -9.62 | -3.12 | 1.32 | 12.89 | 9.27 | 11.76 | 14.55 |
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.
Find answers to common questions about fund investments, performance, portfolio strategy, and investor services.
The objective of the AltPort PMS strategy is to generate long-term risk-adjusted returns by investing primarily in equities. The strategy focuses on identifying growth-oriented businesses with strong fundamentals, scalable models, and efficient capital allocation practices that can perform consistently across different market cycles.
The strategy is managed by Alok Agarwal with Deven Ved serving as the Co-Fund Manager. The portfolio management process combines quantitative analysis, market cycle research, and fundamental investing principles to build a diversified equity portfolio.
The strategy primarily looks for growth companies operating in large and expanding markets. Preference is given to businesses with strong competitive advantages, scalable operations, healthy Return on Capital Employed (ROCE), and management teams that demonstrate both business aggression and sound corporate governance practices.
Stocks are selected based on three key parameters: company fundamentals, market cycle research, and risk-reward ratios. The strategy evaluates reported financial performance, growth potential, volatility trends, and valuation opportunities before including companies in the portfolio. Cash or debt instruments may also be used temporarily when suitable equity opportunities are limited.
The portfolio generally consists of around 35 stocks diversified across sectors. The strategy can allocate up to 100% of the portfolio to equities, while the remaining cash portion may be parked in liquid funds or debt securities for liquidity management and tactical allocation purposes.
This strategy is suitable for investors with a high-risk appetite and a long-term investment horizon of three to five years. Since the portfolio focuses heavily on growth-oriented equities and tactical opportunities, investors should be comfortable with market volatility while aiming for long-term wealth creation.
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Disclaimer: Investing in AIF, PMS, Gift City or Mutual Fund is subject to market risk. Please read the related documents carefully. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. Actual portfolios may differ as a result of account size, client-imposed investment restrictions, the timing of client investments and market, economic, and individual company factors. We at ALTPORT do not guarantee any returns in the hands of investors, nor do we take any sort of accountability for the performance of the scheme.