Alchemy Long Term Ventures Fund – AIF CAT-III

  • Investment Objective
  • Why Alchemy Long Term Ventures Fund ?
  • Terms at a Glance
  • Fund Manager
  • Performance

Investment Objective

The investment objective of the Alchemy Long Term Ventures Fund (the Fund) will be to carry on the investment activity of a Category III AIF, as permissible under the AIF Regulations, and achieve long-term capital appreciation by primarily investing in equity and equity related instruments with small cap bias. The Fund will primarily focus on investments in small cap companies with up to 50% (Fifty Percent) or such other higher percentage as maybe decided by the Investment Manager in accordance with Applicable Laws.

  • Long-term track record as a Portfolio Manager
  • Deep domain expertise & strong network
  • Unique investment strategy
  • Alignment of interest
  • Experience in mid & smallcap listed stocks

Terms at a Glance

  • INDICATIVE TENURE OR INVESTMENT HORIZON - 7 Years from the First Closing
  • FUND STYLE - Smallcap 
  • LAUNCH DATE - September 01, 2023
  • MINIMUM INVESTMENT - INR 10 Crores
  • OTHER TERMS

    Philosophy

    The investment philosophy applicable to the Fund and as adopted by the Investment Manager is characterized by the following:

    1. Growth at reasonable price - The Investment Manager’s investment philosophy is to identify high quality companies with strong growth prospects benefitting from themes such as India’s rising discretionary spending, digitalization, global outsourcing, import substitution, improving manufacturing competitiveness and investment. The Fund’s portfolio will be selected via bottom-up process to identify companies with ethical and strong management teams, sound financials and competitive advantage leading to improvement in market position. The Investment Manager may also selectively invest in companies undergoing special situations.
    2. Invest for long-term - The Investment Manager does not currently expect to trade the assets of the Fund in and out of investments to capture short-term volatility.
    3. Investments in unlisted instruments/securities - Subject to Regulations and Applicable Laws, the Fund may endeavour to utilise available cash or liquidate investments in listed securities after Final closing date and make investments in unlisted securities.

    Strategy:

    • The Fund will endeavour to generate long term capital appreciation by investing in
      (a) listed equities with a primary focus on small cap; (b) IPO (anchor book) opportunities;
      (c) Pre-IPO / unlisted securities; and (d) such other securities/instruments as permitted under Regulations and Applicable Laws.

    Equity

    The Fund shall be sector agnostic with investments diversified across sectors as permitted under the Regulations which includes investments in listed securities (0-100%), unlisted securities (0-30%), Units of other AIFs (0-25%), other securities/instruments as permitted under Regulations and Applicable Laws.

These are not the complete terms; please refer the Private Placement Memorandum and its amendments for complete details.

Kindly Contact Us. for the Private Placement Memorandum and its amendments.

Fund Manager – Hiren Ved

Hiren Ved, an equity market veteran, co-founded Alchemy Capital Management in 1999. He is the Director & CIO at Alchemy Capital Management, where he leads the firm’s Asset Management business. With his experience and expertise, Hiren has developed a sustainable long-term investment philosophy based on fundamental research that has helped deliver long-term returns for clients.

Hiren’s journey in the equity markets began in 1991 when he started working with KR Choksey & Co., a sell-side firm known for its value investment approach.  Starting as an analyst, he gradually rose to become the Head of Research, building a strong foundation in bottom-up research. Witnessing various cycles of Indian markets, Hiren firmly believes in long-term investment strategy.

In 1994, Hiren joined Prime Securities, an Investment Bank, where he served as an investment analyst and subsequently became the Head of Equities, overseeing both listed and private equity investments within the investments of the internal treasury in both the listed and private equity space.

With over three decades of experience in the Indian equities market and public market investments, Hiren has a long track record of alpha generation over 20 years. He possesses deep and diverse knowledge across sectors and is known for his bottom-up research and stock-picking skills.

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.         

Performance

  1M 3M 6M 1Y Since Inception*
Fund Returns - Post Fees Expenses & Taxes 4.0% 1.6% 1.1% 27.9% 18.7%
Fund Returns - Post Fees Expenses & Pre Taxes 4.5% 1.8% 1.3% 33.1% 22.1%
Nifty Microcap 250 0.1% -7.9% -7.4% 9.3% 12.4%

Data as of February 28, 2026 | *Inception Date: September 1, 2023

#Consolidated Returns are calculated using unitization method. The Consolidated Returns may vary with investors’ returns depending on the class/series investor have subscribed into. Past performance is not indicative of the future performance. Performance related information provided herein is not verified by SEBI. Returns less than 1 Year: Absolute, greater than 1 Year: CAGR. Performance Data for CRISIL AIF Index – Category III is available till September 2024. Please click here refer to the Category III AIF benchmarking report issued by CRISIL.