Alternative Investment Funds
Alchemy Emerging Leaders of Tomorrow
Mid & Small Cap Strategy
Alchemy Emerging Leaders of Tomorrow is focused on large cap, mid cap and small cap opportunities within the Indian equity market. The fund seeks long-term capital appreciation by investing in listed Indian equities comprising of large cap stocks, and a minimum allocation of 65% to small and mid-cap companies. It follows the same philosophy of identifying businesses with high growth potential positioned to lead in a changing economic landscape.
Strategy Snapshot
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Category
Equity Diversified
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Investment Universe
Multi cap with more emphasis on Mid & Small Cap
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Management Style
Active
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Structure
Closed Ended
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Benchmark - Primary
BSE 500
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Benchmark - Secondary
BSE 400 Mid Small Cap
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Launch Date
3rd October, 2022
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Indicative Tenure
3-5 Years
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Minimum Investment
INR 1 Crore
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Risk Appetite
High Risk
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Portfolio Allocation
Upto 100% in Equity
Investment in Fund is subject to market risks. Please note these are not the complete terms of the Fund. Please contact us for the Private Placement Memorandum and Fund Documents for complete details.
Why Alchemy Emerging Leaders Of Tomorrow ?
Scalable businesses with durable growth drivers.
Growth backed by market momentum.
Identifying companies with strong fundamentals and scalable growth potential.
Investment in companies with stress-tested management teams.
Fund Managers
Hiren Ved
Director and Chief Investment Officer (CIO)
Hiren Ved, an equity market veteran, is the Director and CIO at Alchemy Capital Management, where he leads the firm’s Asset Management business. With over three decades 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 and diverse sector knowledge, bottom-up research skills, and stock picking abilities. 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.
Mythili Balakrishnan
Co-Fund Manager
Mythili has over 22 years of experience in finance and markets, primarily in equity research and fund management. Prior to joining Alchemy, she worked with New Mark Capital as a midcap analyst. Previously, she has also worked with Motilal Oswal AMC, Avendus PE, and JP Morgan in similar roles. Academically, Mythili holds a B.E. (Electronics and Communication) degree from Delhi College of Engineering and a diploma in management from IIM Ahmedabad. She is a CFA charterholder.
What is Alchemy Emerging Leaders of Tomorrow?
Alchemy Emerging Leaders of Tomorrow is a mid and small-cap focused fund that endeavours to invest in ethical entrepreneurs and management teams with robust, time-tested business models poised to benefit from India's broader-based economic recovery.
Which AIF Category does Alchemy offer?
Alchemy currently offers its schemes under Category III Alternative Investment Funds (AIFs), as defined under the SEBI (Alternative Investment Funds) Regulations, 2012, as amended from time to time.
Are Alchemy’s AIFs regulated by SEBI?
Yes, Alchemy Alternative Investment Trust (Trust) is registered with SEBI as a Category III – Alternative Investment Fund vide registration number IN/AIF3/17-18/0381 with effect from October 24, 2017. The Trust has launched various schemes which are managed by Alchemy Capital Management Private Limited as Investment Manager.
What is the tax treatment for income generated through Category III AIFs?
Alchemy Alternative Investment Trust ('the Trust') is a contributory determinate trust set up under the Indian Trusts Act, 1882. The Trust is registered with the Securities and Exchange Board of India ('SEBI') as a Category III Alternative Investment Fund ('AIF') under the SEBI (Alternative Investment Funds) Regulations, 2012 ('AIF Regulations'). All the AIF strategies offered by Alchemy are set up as a scheme of this Trust.
Currently, there are no provisions under the Income Tax Act, 2025 ('ITA') that specifically govern the taxability of Category III AIFs. In such a scenario, the Trust would be taxed as per the general principles of taxation of trusts.
As per the provisions of sections 304-307 of the ITA, the Trustee shall be assessed as a "representative assessee", thus, the Trustee of the Fund will compute and discharge the tax liability on the share of Contributors in the income of the Fund on behalf of such Contributors in its capacity as a representative assessee. As such, the income generated from the investment in the AIF in the hands of the contributor is tax assessed.
Explore Alchemy Emerging Leaders of Tomorrow
Explore how Alchemy Emerging Leaders Of Tomorrow can fit into your long-term allocation framework.
