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About Fund Manager

Vivek Ganguly (Fund Manager )

Vivek Ganguly holds an MBA in Finance From Calcutta University and BA From Nagpur University and he has experience of over 22 years in investment management he was a principal at the Global Environment Fund and Fund manager at Quantum Asset management before joining Nine Rivers Capital. Vivek has a deep understanding of the financial and operational parts of different Businesses and had a blend of public and private equity investing.

Sandeep Daga – Founder, MD & CIO, Nine Rivers Capital

Sandeep Daga is a B.E. in Engineering graduate from Amravati University. He completed his master’s in management studies and finance from SVKM’s Narsee Monjee Institute.

Daga founded Nine Rivers Capital and has worked as the MD & CIO since 2007. Before Nine Rivers Capital, Sandeep Daga worked at ICICI Venture as a Head of B2B Investments. From 2000 to 2006, he was the director at Frontline Strategy, an India-centric PE firm. The PE Funds, which were advised by frontline, delivered top-quartile returns in five years, under the leadership of Sandeep Baga.

Investment Philosophy

  • Nine Rivers Capital – Aurum Small Cap Opportunities fund has created a proprietary system that is used to allocate an “entry price guardrail” and an “exit price guardrail” for each stock that has been accepted for investment. The “Price Guardrail Strategy” is a proprietary strategy of Nine Rivers Capital and is used as an effective tool for risk mitigation.
  • Nine Rivers Capital – Aurum Small Cap Opportunities fund assumes that the most successful risk reduction approach in small and mid-cap investing is to “not overpay” for a stock, so they apply the aforementioned guardrails to each stock.

 

Investment Objective 

The fund strategically blends both Alpha Drivers and Steady Performers to build a robust portfolio of small-cap stocks with high growth potential and solid fundamentals. By capitalizing on both disruptive opportunities and stable growth businesses, the Aurum Small Cap Opportunities Fund seeks to optimize risk-adjusted returns for investors.

Fund Overview

The Aurum Small Cap Opportunities Fund focuses on identifying and investing in high-potential small-cap companies that demonstrate strong growth drivers. The fund aims to consistently deliver winners by leveraging two key investment themes: Alpha Drivers and Steady Performers.

Alpha Drivers
This category includes companies experiencing non-linear triggers for business and earnings momentum. Key factors driving growth in these businesses include:

  • Macro tailwinds are influenced by policy changes, regulatory shifts, and demographic trends.
  • Transformative management changes include professional leadership transitions and next-generation entrepreneurs taking over.
  • Business turnaround stories with significant recovery potential.
  • Disruptive trends reshaping industries and creating new opportunities.

Steady Performers
This segment focuses on companies with sustainable growth potential backed by strong business fundamentals. These businesses are characterized by:

  • Large scope for profitable expansion.
  • Proven management teams with an excellent execution track record.
  • Consistent earnings quality and stability.
  • Strong cash flow generation and healthy return ratios.
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