Alchemy High Growth - (PMS)

Investment Objective

The objective is to generate long-term returns by investing in equities and equity related instruments, across all market capitalizations.

Philosophy & Strategy

Alchemy Investment Philosophy is “Growth at Reasonable Price”. The philosophy behind growth investing is based on the assumption that India is a high growth economy with a strong entrepreneurial culture. Our endeavour is to identify and invest in growth companies through a combination of top-down and bottoms up fundamental research to enable long term wealth creation.

Why Alchemy High Growth?

• India is one of the fastest growing economies with an entrepreneurial pool to exploit opportunities.
• “Top-Down” and “Bottom-Up” approach to stock picking with focus on superior risk-reward.
• Alchemy High Growth strategy has outperformed its benchmark 14 out of 22 calendar years since 2002
• Has created consistent wealth for investors. An initial investment of INR 1 crore in May 2002 could have grown to over INR 58.6 crores as on March 31, 2024
• A typical portfolio may generally consists maximum of 25 stocks across sectors.

Terms at a Glance

• CATEGORY - Equity Diversified
• TYPE - Open ended
• BENCHMARK - S&P BSE 500 TRI
• INDICATIVE TENURE OR INVESTMENT HORIZON - 3 – 5 years
• FUND STYLE - Multi-cap growth
• LAUNCH DATE - 8th May, 2002
• MINIMUM INVESTMENT - INR 50 lakhs
• OTHER TERMS
  Description of types of Securities

  Equity

  Basis of selection of types of Securities as part of the Product/Investment Approach

  • Relevant Universe – We have identified a relevant universe of about 500 companies based on market capitalisation, qualitative governance filters, long term attractiveness and ROE profile of business amongst other parameters.
  • Investible Universe - From this relevant universe, an investible universe of companies is created based on assessment of past and future fundamental variables like revenue and EBIDTA growth, cashflow conversion efficiency and core ROE of the business amongst several other relevant variables which may be unique to a business. In addition to objective fundamental parameters and assessment of qualitative management capabilities, governance standards and competitive ability of the business is also carried out. A comprehensive valuation exercise is also carried out based on one and/or combination of valuation parameterslike P/E, P/B. EV/EBIDTA, DCF etc to arrive at an acceptable valuation range for investing in the security.
  • Portfolio Construction – The Portfolio Manager managing the strategy is then free to construct the Clients Portfolio from within the investible universe at his discretion.

  Allocation of Portfolio across types of Securities

  Upto 100% in equity (cash portion may be deployed in liquid funds/ debt Securities).

  Portfolio Construct: A typical Portfolio may generally consist maximum of 25 stocks across sectors.

  Basis for choice of benchmark

  As per APMI Circular APMI/2022-23/02 dated March 23, 2023

  Risk associated with Product/Investment Approach

  High Risk

  • General risk
    Please refer “Risk Factors” given in clause 6 of the Disclosure Document
  • Specific risk
    The Portfolio Manager doesn’t envisage any specific risks in addition to General Risk factors

  Other salient features, if any

  NA

Fund Manager – Alok Agarwal

Alok has over 21 years of experience in Finance and Markets, primarily in equity research and fund management. He was working with PGIM India AMC where he was managing their oldest and flagship fund Large Cap Fund and headed their Offshore Equity Desk. He has also worked with Deutsche Asset Management, KR Choksey Shares & Securities, E-Nxt Financials Ltd and Pinnacle Academy. He holds degree of M.Com and MS (Finance) & has also completed CA, CFA & CMT.

Performance

Data as of March 31, 2024 | *Inception Date: May 08, 2002 | **Benchmark: Composite S&P BSE 500

** The benchmark performance is calculated using composite CAGR of BSE 500 PRI values from May 08, 2002 to August 01, 2006 and TRI values since August 01, 2006, as the TRI data of BSE 500 is not available.

# Performance related information provided herein is not verified by SEBI | Returns are net of fees, expenses, and taxes (if applicable). | Returns less than 365 days: Absolute, greater than 365 days: CAGR ( Computed using TWRR method). | Past Performance is not indicative of future performance. | The above performance figures are aggregate of all discretionary clients; the investor's actual portfolio may differ. | Please refer the link for viewing Performance relative to other portfolio managers: https://www.apmiindia.org/apmi/welcomeiaperformance.htm?action=PMSmenu