About company
Alchemy Capital Management is one of the leading providers of bespoke Portfolio Management Services in India. Established in 1999, the SEBI-Registered firm. Alchemy caters to high-net-worth individuals, family offices and institutions. Managing and advising an AUM worth over USD 931 million, the firm serves a client base of 1850+ families as of June 30, 2023.
Pioneers in bottom-up stock picking approach, Alchemy places a strong emphasis on thorough research and long-term investments. Guided by a disciplined investment approach, the company aims to deliver sustainable returns. With a legacy of over 20 years, Alchemy has built a reputation for trust, integrity, and expertise. Its stable and experienced team of investment professionals possesses deep industry knowledge, enabling the firm to navigate market cycles and trends successfully.
Fund Snapshot
| Year of Inception | 2002 |
| Number of Stocks | 18-20 |
| Investment Horizon | Long Term |
| Fund Managers | Mr. Hiren Ved |
Investment Objective
To achieve long-term returns by investing in equities and equity-related securities across all market capitalizations, with a preference for mid-cap stocks.
Investment Suitability
Suitable for an investor wishing to participate in India’s growth narrative through stocks
- Seeking a portfolio with a high risk-high reward ratio
- The ideal investment horizon is 3 to 5 years
Track record –19+ years of experience in investment management. An investment of INR 1 crores in the Alchemy High Growth Product in May 2002 might have increased to exceed INR 41.9 crores by February 28, 2022.
Alchemy High Growth, Alchemy Capital Management’s flagship strategy, has surpassed its benchmark in bull and negative markets (S&P BSE 500) 15 of the 20 years in the calendar year.
Unique Feature
- A long-term strategy for investing in listed businesses
- Constant evaluation Disciplined Investment
- Process Pioneers in Bottom Up stock selecting
- Capability to identify trends early
- Long-term success rate since launch in 2002
- A portfolio-specific strategy using specific clients’ needs
Founders and the Investment Group
- Have over 100 years of cumulative Indian equity market experience. • Have an excellent market reputation based on integrity.
- Hiren Ved, co-founder and CEO & CIO, brings extensive experience and uniformity in investment philosophy.
- Maintain a stable and experienced team of investment professionals who have stayed with the firm and absorbed its investment philosophy.
- Mr Amit Nadekar is the fund manager.
Size & Vintage
Manages/advises over USD 966 million of assets onshore and offshore as of 31 July 2021, making it one of the few Portfolio Managers in India.
Compliance and risk management are given top priority
- Having an ethical code of conduct in fund management.
- Having transparency in business, client service, and reporting.
Offshore Asset Management Capability
- F2005 saw the first offshore mandate.
- Offshore equities strategies that are still active, with an AUM of USD 187 million as of 31 July 2021
- It was a Sovereign Fund investment manager for a GCC-based fund with an AUM of more than USD 83.6 million.
Track record
- 19 years of experience in investment management
- An investment of INR 1 Cr in the Alchemy High Growth Product made in May 2002 may have increased to approximately INR 41 Cr by 31 July 2021.
- Alchemy High Growth, the company’s flagship strategy, has exceeded its benchmark in 14 of the past 19 years.
Quality of clients
- Sophisticated Institutional investors
- Sovereign funds
- Ultra HNIs (Limited universe of over 1000 exclusive families and includes eminent individuals across businesses, families, and professionals )
About the strategy
- A multi-cap approach that allows for stock selection flexibility.
- Diversified portfolio with a maximum of 25 stock ideas and the option of being overweight in certain stocks.
- They ensure that at least 25% of the funds are allocated to large-cap companies.
- A Mid-Cap-biased portfolio designed to capitalise on high growth due to business scale-up.
- “Growth at a Reasonable Price” is the Alchemy Investment Philosophy. The growth investing philosophy is based on India’s high-growth economy with robust entrepreneurial values. Our objective is to discover and invest in growth companies through a combined effect of top-down and bottom-up fundamental research to create long-term wealth.
- Invest for the long term: Alchemy High Growth primarily evaluates stocks from a long-term investment standpoint to reduce the impact of short-term volatility while also capturing a significant portion of the value accretion during the whole life cycle of a growth stock. Compounding is central to wealth creation. Our passion is to seed optimal investment ideas and observe them develop into realising full value; aside from a few specific securities, they do not trade in and out of investments to acquire short-term volatility.
Statistical Analysis
| Parameter | Alchemy High Growth (Since inception) |
Benchmark S&P BSE 500 (Since inception) |
| Returns (CAGR) | 21.3% | 16.2% |
| Std. Dev. | 18.5% | 21.9% |
| Sharpe | 0.7 | 0.4 |
| Beta | 0.8 | 1.0 |
Overview
With a collective information of a hundred years withinside the Indian equity market, Lashit Sanghvi, Ashwin Kedia, Rakesh Jhunjhunwala and Hiren Ved based Alchemy Capital Management in 1999. Alchemy has grown in fame over the past 19 years and is presently one in every of the most important Portfolio Management Services (PMS) issuer withinside the country, having lent our recommendation and funding abilities to USD $1 billion (as on 31 March 2022) really well worth of organization assets. Alchemy’s institutional pedigree rests on integrity, process, perception and an unrelenting endeavour to provide constantly advanced consumer experience. Alchemy’s experience, intelligence networks and non-stop statistics from exchange and enterprise analysts have guided the middle funding control crew in adopting not anything however the best-in-magnificence practices to supply on clients’ expectancies and frequently purpose to exceed them. In return, they’ve recounseled us for our efforts.
Process
- Ideation
- Interact with management of the companies and eco system
- Financial Analysis
- Regular reviews to assess ongoing risk-reward and anticipate risks
- Exit strategy
About Fund Manager
Mr. Hiren Ved : Alchemy Capital Management’s Co-Founder
Hiren Ved, an equity market veteran, serves as the Whole-Time Director and 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. Hiren manages and advises funds over USD 931 million (as on June 30, 2023) across domestic PMS and offshore institutional mandates for Alchemy Capital. 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.
Investment Philosophy
- The strategy invests in equities through market capitalizations with a heavy mid-cap bias in order to produce long-term returns.
- A diversified portfolio is one with a limit of 25 stock ideas and the potential to be overweight in those stocks.
Primary objective of this Alchemy-high-growth is aimed at generating risk-adjusted returns, with a long term target. The structure of this strategy is carefully crafted with assistance to fundamental objectives and data. Stating the parameters of investment, companies which have higher growth to that of cost of capital are chosen. Also, preference is for companies which have managed to keep a track record of consistent and continuous growth. Furthermore, on the basis of certain valuations, quality assessment and risk management is performed to carefully pick out the most valuable companies, which are likely to fetch in higher CARG.
| Product - AMC | Category | AUM (in Cr.) | Performance | 1M | 3M | 6M | 1Y | 2Y | 3Y | 5Y | 10Y | SI |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Alchemy High Growth AMC Name: Alchemy Capital Management Pvt ltd Inc Date: May 08,2002 |
Multi Cap (PMS) |
871 | Strategy | -3.1 | -0.9 | 14.1 | 7.0 | 2.1 | 17.4 | 7.2 | 12.8 | 19.6 |
| S&P BSE 500 | -2.9 | -1.4 | 10.9 | 9.6 | 6.7 | 22.0 | 15.3 | 14.7 | 16.7 | |||
|
Alchemy High Growth Select Stock AMC Name: Alchemy Capital Management Pvt ltd Inc Date: Dec 19,2008 |
Multi Cap (PMS) |
3,338 | Strategy | -1.3 | 1.3 | 17.1 | 11.7 | 5.0 | 25.2 | 13.1 | 18.2 | 19.4 |
| S&P BSE 500 | -2.9 | -1.4 | 10.9 | 9.6 | 6.7 | 22.0 | 15.3 | 14.7 | 15.7 | |||
|
Alchemy Ascent AMC Name: Alchemy Capital Management Pvt ltd Inc Date: Sept 03,2019 |
Multi Cap (PMS) |
401 | Strategy | -6.0 | -0.4 | 21.4 | 16.1 | 5.2 | 27.7 | NA | NA | 16.6 |
| BSE 200 | 2.1 | -2.9 | -1.4 | 10.9 | 9.6 | 6.7 | 22.0 | NA | NA | |||
|
Alchemy Alpha 100 AMC Name: Alchemy Capital Management Pvt ltd Inc Date: Aug 16,2023 |
Large Cap (PMS) |
NA | Strategy | -1.80 | NA | NA | NA | NA | NA | NA | NA | 0.60 |
| Nifty 50 TRI | -2.70 | NA | NA | NA | NA | NA | NA | NA | -1.80 | |||
|
Alchemy Smart Alpha 250 AMC Name: Alchemy Capital Management Pvt ltd Inc Date: Aug 10,2023 |
Multi Cap (PMS) |
NA | Strategy | -3.20 | NA | NA | NA | NA | NA | NA | NA | 1.00 |
| S&P BSE 500 TRI | -2.90 | NA | NA | NA | NA | NA | NA | NA | -0.80 | |||
|
Alchemy Leaders of Tomorrow AMC Name: Alchemy Capital Management Pvt Ltd. Inc Date: Jan-18 |
long only (AIF) |
413 | Strategy | 4.0 | 20.7 | 25.9 | 13.8 | 15.0 | 29.2 | NA | NA | 12.5 |
| S&P BSE 500 | 3.8 | 11.8 | 13.8 | 15.9 | 11.6 | 23.6 | NA | NA | 11.3 |
For any queries, contact us on Mobile: +91 84211 19491, Landline: 020-48627339,Toll Free: 1800 210 1995, Email: [email protected] 
Disclaimer: Investing Involves Risk. This document is for information purposes only and should not be viewed as a legal offering document or solicitation. Offers to invest in this fund are made only by the Discretionary Portfolio Management Services Agreement. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. We do not guarantee any returns in the hand of investors not we take any sort of accountability for the performance of the scheme. The above-mentioned data is collected from the respected Fund house please verify the same at SEBI website.