About Company
Accuracap
Accuracap (officially Accuracap Consultancy Services Pvt. Ltd.) is a boutique, technology-driven asset management firm based in India that specializes in quantitative equity investment strategies.
Founded in 2009 by veteran computer scientists Dr. Naresh Gupta and Raman Nagpal, the firm originally served as a family office to manage proprietary wealth using custom algorithms. It transitioned into managing third-party funds for high-net-worth individuals (HNIs) and institutional investors in 2011.
What Is the AccuraCap Alpha10 PMS?
AccuraCap Alpha10 PMS is a large-cap, long-only Portfolio Management Service that uses a proprietary Artificial Intelligence-driven quantitative ranking framework for stock selection.The strategy combines fundamental and technical parameters to identify companies based on business growth, core earnings, balance-sheet strength, valuation and stock-price momentum.
Launched on 19 September 2011, Alpha10 uses the Nifty 50 TRI as its benchmark. The strategy seeks to maintain a concentrated portfolio, typically comprising 13–15 stocks, with a focus on large-cap companies. Its investment process uses extensive historical data and systematic ranking rather than short-term market timing.
With a ₹50 lakh minimum investment, AccuraCap Alpha10 PMS is structured for investors who can accept equity-market volatility and the risks associated with a concentrated portfolio.The strategy aims to identify companies that combine business quality, earnings potential, attractive valuations and favourable price trends.
AccuraCap Alpha10 PMS: Key Facts at a Glance
| Parameter | Details |
| Strategy Name | AccuraCap Alpha10 PMS |
| Provider | AccuraCap Consultancy Services Pvt. Ltd. |
| Product Type | Discretionary Portfolio Management Service |
| Category | Large Cap Equity PMS, Long Only |
| Investment Style | Quantitative and actively managed |
| Benchmark | Nifty 50 TRI |
| Inception Date | 19 September 2011 |
| Investment Universe | Large-cap companies |
| Typical Portfolio Size | 13–15 stocks |
| Indicative Holding Period | Approximately 2 years |
| Minimum Investment | ₹50 lakh |
| Investment Approach | Proprietary AI-driven quantitative ranking |
| Risk Profile | Market-linked, equity risk |
| SIP/STP | Not available |
| Strategy AUM | ₹88.58 crore |
| AUM Date | 30 June 2026 |
*Source: APMI, Accuracap Factsheet
How Does AccuraCap Alpha10's AI-Driven Stock Selection Work?
The AccuraCap Alpha10 investment strategy combines quantitative analysis with fundamental and technical indicators. The objective is to systematically rank companies based on multiple characteristics rather than relying on a single financial metric.
The process can broadly be understood through three stages.
Stage 1: Reported Earnings
The first stage begins with the analysis of reported financial information. Data is filtered and examined for quality before it is incorporated into the ranking process.
Key areas include:
- Reported earnings
- Quality of earnings
- Revenue trends
- Corporate governance
- Financial data consistency
- Business performance indicators
This stage helps create a cleaner base for analysing companies and comparing them across the investment universe.
Stage 2: Core Earnings and Balance Sheet
The second stage focuses on the underlying strength of the business.
The framework considers:
- Core earnings
- Revenue and cash-flow trends
- 20-quarter trend analysis
- Margin trends
- Return on capital
- Balance-sheet strength
- Solvency
- Liquidity
- Return on marginal invested capital
- Short-, medium- and long-term price momentum
The model also accounts for seasonality when analysing longer-term business trends.
Stage 3: Ranked Universe and Portfolio Construction
After the fundamental and technical analysis, companies are ranked according to the proprietary framework.
Valuation is assessed relative to:
- The broader investment universe
- Comparable companies
- Historical valuation levels
The highest-ranked companies that meet the portfolio's investment criteria are then considered for inclusion.
The use of an algorithm creates a systematic decision-making framework, but it does not eliminate investment risk or guarantee that a particular stock will outperform.
What Are Alpha10's Portfolio Construction Rules?
Alpha10 follows a concentrated, long-only portfolio construction approach. The strategy typically holds 13–15 stocks, allowing individual stock selection to have a meaningful impact on portfolio performance.
Its portfolio discipline includes:
- Large-cap-oriented investment universe
- Typically 13–15 stocks
- Sector exposure capped at around 30%
- Long-only equity positioning
- No derivatives or leverage
- No IPO investments
- No PSU stocks
- Relatively low portfolio churn
- Approximately two-year average holding period
- Periodic portfolio rebalancing
- Replacement of lower-ranked securities with higher-ranked candidates
The strategy generally remains invested rather than attempting to predict short-term market movements. Portfolio changes are driven primarily by the ranking framework and the underlying investment criteria.
AccuraCap Alpha10 PMS: Fees, Minimum Investment and Exit Load
The AccuraCap Alpha10 PMS minimum investment is ₹50 lakh. Investors should consider the applicable management fees, performance-linked charges, exit load and other portfolio-related expenses when evaluating the strategy.
| Fee / Term | Details |
| Minimum Investment | ₹50 lakh |
| Fixed Fee Option | Approximately 2.5% p.a. |
| Variable Fee Option | Approximately 1.5% p.a. |
| Performance Fee | 20% of profits above the hurdle |
| Hurdle Rate | 10% |
| Exit Load | 2% for exits within the first year |
| Other Costs | Brokerage, custody, taxes and applicable transaction expenses |
The actual fees and applicable terms are governed by the client agreement and applicable product documentation. Investors should review the applicable fee schedule before investing.
AccuraCap Alpha10 Portfolio: Top Holdings and Sector Allocation
The Alpha10 portfolio focuses on a relatively small group of large-cap companies. The holdings below represent the reported portfolio composition and may change as the strategy is rebalanced.
Top 5 Holdings
| Company | Allocation |
| HCL Technologies | 6.3% |
| Bharti Airtel | 6.2% |
| Sun Pharmaceutical Industries | 5.9% |
| Solar Industries India | 4.6% |
| Lupin | 4.5% |
Top Contributing Sectors
| Sector | Allocation |
| Financials | 40.5% |
| Technology | 11.0% |
| Healthcare | 10.5% |
| Communication | 10.4% |
| Basic Materials | 8.7% |
*Source: APMI, Accuracap Factsheet
Portfolio holdings and sector weights can change as part of the strategy's investment process. Individual PMS portfolios may also differ depending on investment timing, account size, restrictions and other client-specific factors.
What Are the Key Risks of AccuraCap Alpha10 PMS?
AccuraCap Alpha10 is a market-linked equity strategy and carries the risks associated with investing in listed equities.
Equity-Market Risk
Broad market corrections can affect the value of the portfolio, regardless of the performance of individual companies.
Concentration Risk
A portfolio of around 13–15 stocks is more concentrated than a broad-market index. A significant decline in one or more holdings can therefore have a noticeable impact on overall returns.
Sector Risk
Although the strategy follows sector exposure limits, several portfolio companies may still be affected by the same economic, regulatory or industry-specific factors.
Valuation Risk
A company with strong fundamentals may still generate weak investment returns if its market valuation falls.
Large-Cap Risk
Large-cap companies may have established businesses, but they remain exposed to competition, regulatory changes, earnings fluctuations and changing market conditions.
Quantitative Model Risk
The investment process depends on data, algorithms and quantitative rankings. Changes in market behaviour, data quality or the effectiveness of individual factors may affect portfolio outcomes.
Liquidity Risk
Market liquidity can change during periods of stress. This may affect the ability to buy or sell securities at expected prices.
Drawdown Risk
A three-to-five-year investment horizon does not eliminate the possibility of temporary or prolonged losses. Investors should have the financial capacity to remain invested during periods of market volatility.
Who Should Consider the AccuraCap Alpha10 PMS?
AccuraCap Alpha10 PMS may be considered by investors who:
- Can meet the ₹50 lakh PMS minimum investment
- Seek large-cap equity exposure
- Prefer a quantitative and systematic investment process
- Have a medium- to long-term investment horizon
- Can tolerate equity-market volatility
- Are comfortable with a concentrated 13–15-stock portfolio
- Understand that market-linked returns can be negative
The strategy may not suit investors seeking guaranteed returns, capital protection, short-term liquidity or highly diversified multi-asset exposure.
What to Expect from the AccuraCap Alpha10 Large Cap PMS
Alpha10 follows a systematic stock-ranking approach rather than attempting to predict short-term market movements. Its large-cap orientation, concentrated portfolio and quantitative selection framework are central characteristics of the strategy.
The approach may provide a structured way of identifying companies based on multiple fundamental and technical factors. At the same time, concentrated exposure can make returns uneven across market cycles.
Investors should therefore evaluate Alpha10 based on its investment philosophy, portfolio construction, historical performance, fees, risk characteristics and investment horizon rather than focusing only on periods of benchmark outperformance.
Why Invest in AccuraCap Alpha10 Through AltPort?
AltPort provides access to information and onboarding support for PMS products while AccuraCap remains responsible for managing the Alpha10 portfolio.
Investors evaluating options in the large-cap PMS segment can use AltPort to understand the strategy, review relevant product information and coordinate the application process. AltPort does not control portfolio construction or individual investment decisions.
The objective is to provide investors with relevant product information so they can evaluate factors such as strategy, portfolio concentration, fees, benchmark, historical performance and risk before making an investment decision.
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Track how the fund has performed against its benchmark over time through a comparative line graph analysis.
Alpha10
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.
Accuracap Consultancy Services Private Limited
| AUM(Cr.) | 1M | 3M | 6M | 1Y | 2Y | 3Y | 4Y | 5Y | Ince. | |
| Performance | ₹88.34 | -0.44 | 2.87 | 5.61 | 10.19 | 0.93 | 9.69 | 9.65 | 7.80 | 13.14 |
| Benchmark | NA | -1.14 | 2.89 | -3.60 | -0.35 | -1.19 | 9.00 | 9.13 | 8.32 | 12.35 |
Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Dr. Naresh Gupta
A Corporate Executive, Computer Scientist, and a prolific Researcher, Naresh is a Gold medalist from IIT-Kanpur and a Ph.D. from the University of Maryland. Before pursuing investing fulltime, Naresh was the founder and Managing Director of Adobe India from 1997 till March 2015. He conceived and grew Adobe's presence in India to 3500+ engineers over 18 years. Under his leadership, 40% of Adobe's core research and development was done at the Indian campus and several hundred global patents filed from campus. As part of Adobe's global executive team, he was running one of the three global businesses in Adobe's $8 Billion portfolios. Naresh is a prolific researcher and inventor. He is the author of several widely referred and seminal scientific papers in the area of Artificial Intelligence, Pattern Recognition, and Computer Vision. He holds seven Individual U.S. Patents.
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AccuraCap Alpha10 PMS is a large-cap, long-only Portfolio Management Service that uses a proprietary Artificial Intelligence-driven quantitative ranking framework for stock selection. The strategy was launched on 19 September 2011 and uses the Nifty 50 TRI as its benchmark.
As of 30 June 2026, Alpha10 reported a 13.12% annualised since-inception return, compared with 12.41% for the Nifty 50 TRI. Past performance is not indicative of future returns, and actual investor returns may differ from strategy-level performance.
The minimum investment for AccuraCap Alpha10 PMS is ₹50 lakh. SIP and STP facilities are not available for the strategy.
The reported fee structure includes a fixed fee of approximately 2.5% per annum or a variable structure of approximately 1.5% plus 20% profit sharing above a 10% hurdle rate. An exit load of 2% applies to exits within the first year, subject to the applicable client agreement.
Alpha10 uses a proprietary quantitative ranking framework that evaluates fundamental and technical parameters. These include core earnings, balance-sheet strength, 20-quarter trends, valuation, cash flows, return metrics and stock-price momentum.
AccuraCap's investment leadership includes Dr. Naresh Gupta, founder and CEO, along with its investment and technology team. The strategy's systematic process is driven by AccuraCap's proprietary quantitative framework.
Alpha10 may be considered by investors seeking concentrated large-cap equity exposure, a systematic investment process and a medium- to long-term investment horizon. Investors should be comfortable with equity-market volatility and the risks associated with concentrated portfolios.
The strategy follows a long-only approach and does not use derivatives or leverage. Its stated portfolio discipline also excludes IPOs and PSU stocks, limits sector exposure and seeks to maintain relatively low portfolio churn.
No. Returns from AccuraCap Alpha10 PMS are market-linked and are not guaranteed. The portfolio can experience both gains and losses depending on market conditions and individual security performance.
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