Alternative Investment Funds
Alchemy Leaders of Tomorrow - Closed Ended Fund, Series 3
Multi Cap Strategy
Alchemy Leaders of Tomorrow - Closed Ended Fund, Series 3, is a multi-cap, sector-agnostic approach, seeks long-term capital appreciation by investing in listed Indian equities, PIPEs, and IPO. The strategy is designed to identify businesses best equipped to adapt to a rapidly changing economic environment — companies that demonstrate digital adaptability, strong governance, defensible competitive moats, and the ability to shape and serve evolving consumer behaviour. The core of the strategy involves identifying future leaders in high growth sectors, where companies have demonstrated, differentiated capabilities, adaptability and a competitive edge to earn and maintain leadership.
Strategy Snapshot
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Category
Equity Diversified
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Investment Universe
Multi Cap Growth
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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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Launch Date
29th March, 2025
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Indicative Tenure
7 (seven) years from the date of First Closing and extendable by up to 1 (One) year or such other period as permitted under Regulations with the prior consent of Two-Third Majority of Contributors.
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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 Leaders Of Tomorrow - Closed Ended Fund, Series 3 ?
Aims to invest in scalable businesses with strong fundamentals.
Multicap & sector agnostic.
Identify adaptive businesses built for resilience.
Focused portfolio with active monitoring.
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.
Himani Shah
Co-Fund Manager
With over 22 years of experience in the financial markets, Himani Shah has built a distinguished career across equity research, fund management, and institutional sales. Himani’s professional journey includes leadership roles at Morgan Stanley, Citigroup, Anand Rathi, and SBI Capital Securities, where she specialised in institutional equity research and sales, extensively covering the BFSI sector and working closely with both domestic and foreign institutional investors. Her expertise lies in analysing companies from a long-term investment perspective and advising institutional clients on equity strategies. A Chartered Accountant (ICAI) and CFA charterholder (USA), Himani combines strong analytical skills with a deep understanding of market dynamics. Beyond her core responsibilities, she is passionate about training in finance, soft skills, and image management, helping professionals enhance both technical and interpersonal capabilities.
What is Alchemy Leaders of Tomorrow – Closed Ended Fund, Series 3?
Alchemy Leaders of Tomorrow – Closed Ended Fund, Series 3 focuses on companies best equipped to take advantage of emerging domestic and global opportunities through innovation. The fund aims to identify and invest in companies that are good at adapting to market changes, technological disruptions, and evolving ecosystems.
Is there a lock-in period for Alchemy's AIF investments?
AIFs typically may have a lock-in, depending on the category and the investment approach. In case of further information, write to us at contactus@alchemycapital.com to learn more.
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.
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.
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.
Explore Alchemy Leaders of Tomorrow - Closed Ended Fund, Series 3
Explore how Alchemy Leaders Of Tomorrow - Closed Ended Fund, Series 3 can fit into your long-term allocation framework.
