ALCHEMY - High Growth PMS
ALCHEMY - High Growth PMS
ALCHEMY - High Growth PMS
About Alchemy
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The 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 which address large and growing external opportunity, have a
competitive advantage in effectively exploiting those opportunities and have a scalable
business model with higher than average Return on Capital Employed (ROCE) over the
Investment horizon.
• We believe management teams are key to business success. We look for managements
which have aggression, are aligned to business outcomes while simultaneously having
respect for governance and capital allocation
While growth companies form the core of our portfolio, we tactically also invest in deep
value opportunities and special situations that may appear due to market cycles
Our Offerings
Alchemy High Growth
Capturing the Opportunity
Investment Objective*
» The strategy aims at generating long term returns by investing in equities and equity related
instruments across market capitalizations, with a Mid cap bias.
Investment Suitability
» Suitable for an investor who is looking to participate in India growth story through equities.
» Seeking High Risk-High return portfolio.
» Ideal investment horizon is 3 to 5 years.
Equity By Market Cap Weight in Portfolio Definition Cut off for CY 2018
Market capitalization of 100th stock in S&P BSE 500 is the
Large Cap 25-100% Rs.29918 Cr and above
cut off for large cap
Market capitalization between 101st and 400th stock in
Mid Cap 0-75% Rs.3962 Cr to Rs.29918 Cr
S&P BSE 500 is the cut off for Mid cap
Small cap 0-20% Market capitalization below 400th in S&P BSE 500 Below Rs.3962 Cr
Note: Market capitalization cut off will be taken from S&P BSE 500 as on 31st Dec (i.e. end of every calendar year) for succeeding calendar year
*The investment objectives, allocation are indicative and there are no assurances that it will be achieved.
Investors are advised to take independent tax, legal, risk, financial and other professional advice.
Investment Credentials – Alchemy High Growth
Alchemy Benchmark
High Growth BSE500
Parameter
(Since (Since
Inception)* Inception) *
Returns
24.1% 16.1%
(CAGR)#
Std. Dev. 20.4% 21.8%
Sharpe 0.8 0.4
Beta 0.8 1.0
It has generated 24.1% CAGR since its
inception (8th May 2002)as compared to
16.1% CAGR generated by S&P BSE 500.
The strategy has created substantial wealth
Since since its inception. Rs 1 Cr invested on 8th
Period 1 yr 2 yrs 3 yrs 5 yrs 10 yrs May 2002 would have grown to Rs 36.5 Cr
Inception
v/s Rs 12 Cr in S&P BSE 500.
% Returns# -7.8 16.1 13.2 19.4 18.7 24.1
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Investment Manager - Investment Team
Hiren Ved
CIO
Experience: 25 years
Year of Joining Alchemy:1999
Rakesh Jhunjhunwala: An experienced, longstanding investor in the Indian capital markets. Mr. Jhunjhunwala has
made all his wealth by investing and trading in the Indian markets for over 30 years. While he is not involved in the
day-to-day functioning of the firm, his mentorship and guidance has helped the group develop its consistent ethos
and performance.
Lashit Sanghvi, Director & CEO: Mr. Sanghvi has over two decades of experience and has been featured in CNBC’s
“Wizards of Dalal Street”, as one of India’s successful investors. Besides public equities, his area of expertise also
involves development of systems critical for running a high-performance investment management business.
Ashwin Kedia: He possesses over 25 years of comprehensive equity market experience. His key strengths are stock
picking and developing corporate relationships. Ashwin has also featured on CNBC’s ‘’Wizards of Dalal Street- Gen
Next’, a series on the most successful young investors in India.
Hiren Ved, Director and CIO: Mr. Ved started his career by working with KR Choksey & Co, a sell side firm known
for its value investment approach, and eventually graduated to become the firm’s Head of Research. He brings
over two decades of experience in bottom-up stock picking, managing portfolios and managing a high-
performance investment team capable of delivering consistent, superior alpha.
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Board Members
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Board Members
Neeraj Roy- Non Executive Director:
Mr. Neeraj Roy is a Commerce Graduate and has a Masters degree in Management. Neeraj
founded and leads a vibrant team that is a part of the Hungama group in India, one of Asia’s
largest Digital Media Entertainment conglomerates. He is also the Chairman Emeritus of the Asia
Board of the Mobile Entertainment Forum (MEF). He has been associated with MEF for more
than 5 years now.
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Fund Management Team
Mr. Hiren Ved- Chief Investment Officer (CIO) :
Mr. Ved joined Alchemy in 1999, spearheading the firm’s asset management business. With over two
decades of experience in equity markets, he has carved a niche in “Bottom-up” research and stock
picking with extensive coverage of companies across various sectors. A certified cost accountant, he
has over 25 years experience in the Indian equity markets. He has been a Co-Founder and Chief
Investment Officer at Alchemy since its inception.
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Fund Management Team
Mr. Seshadri Sen-Head of Research:
A CFA Charterholder, Mr. Seshadri Sen has been covering Indian markets since 1992. Prior to
joining Alchemy in 2018, he had served as the lead analyst at JP Morgan, covering banks and
financials. Mr. Sen has over 25 years of experience behind him and some of his key assignments in
the past included Macquarie Capital, SocGen, ICICI Prudential AMC and a previous stint with
Alchemy. An alumnus of Presidency College in Kolkata, Mr. Sen also holds an MBA degree from
XLRI Jamshedpur.
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Investment Process
3 I- Matrix
Idea Generation
Monthly
Investment Committee Reviews
Intervention
All investment products attract various kinds of risks. Please read the relevant Fund Document/ Client Agreement carefully
before investing.
General Disclaimers
The information and opinions contained in this report/ presentation have been obtained from sources believed to be reliable,
but no representation or warranty, express or implied, is made that such information is accurate or complete.
Information and opinions contained in the report/ presentation are disseminated for the information of authorized recipients
only, and are not to be relied upon as advisory or authoritative or taken in substitution for the exercise of due diligence and
judgement by any recipient.
The information and opinions are not, and should not be construed as, an offer or solicitation to buy or sell any securities or
make any investments.
Nothing contained herein, including past performance, shall constitute any representation or warranty as to future
performance.
The client is solely responsible for consulting his/her/its own independent advisors as to the legal, tax, accounting and
related matters concerning investments and nothing in this document or in any communication shall constitutes such advice.
The client is expected to understand the risk factors associated with investment & act on the information solely on
his/her/its own risk. As a condition for providing this information, the client agrees that Alchemy Capital Management Pvt.
Ltd., its Group or affiliates makes no representation and shall have no liability in any way arising to them or any other entity
for any loss or damage, direct or indirect, arising from the use of this information.
This document and its contents are proprietary information of Alchemy Capital Management Pvt. Ltd and may not be
reproduced or otherwise disseminated in whole or in part without the written consent.
Alchemy Capital Management Pvt. Ltd |B-4, Amerchand Mansion|16 Madame Cama Road| Mumbai 400 001.|URL:www.alchemycapital.com
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