Alchemy Alpha 100 – PMS

  • Investment Objective, Philosophy & Strategy
  • Why Alchemy Alpha 100?
  • Terms at a Glance
  • Fund Manager
  • Performance

Investment Objective

To generate long term risk adjusted returns.

Philosophy & Strategy

A High-Risk High Return oriented strategy which aims at generating long term consistent alpha by majority investing in large cap companies using objective, back tested and data driven approach based on various parameters such as growth, valuation, quality earning and balance sheet health.

 

Why Alchemy Alpha 100?

Over 64% of India’s Market Cap is in Large Caps with over 50% of investor allocations in the same category. However, most investment vehicles have underperformed the benchmark in this category. Here, we come with a quant solution, whose back tested results shall aim a much higher probability of achieving this missing alpha.

  • 67% of the actively managed Largecap mutual funds have failed to beat the index Nifty 100 TRI on 5-year basis.
  • 61% of the actively managed Largecap mutual funds have failed to beat the index Nifty 100 TRI on 10-year basis.
  • 52% of the Largecap PMS have failed to beat the index Nifty 100 TRI on 3-year basis. 
  • Nifty 100 has superior risk adjusted returns.

(All data as of December 31, 2023)

To know more about Alchemy Alpha 100 Click Here

Terms at a Glance

  • CATEGORY - Equity Diversified
  • TYPE - Open Ended
  • BENCHMARK - Primary: Nifty 50 TRI | Secondary: Nifty 100 TRI
  • INDICATIVE TENURE OR INVESTMENT HORIZON - 3 – 5 years
  • FUND STYLE - Predominantly Large Cap
  • LAUNCH DATE - 16th August, 2023
  • MINIMUM INVESTMENT - INR 50 lakhs
  • OTHER TERMS

    Equity

    Equity stocks are chosen for investment on the basis of following factors:

    1. The company fundamentals, as reflected in reported numbers.
    2. Investment strategy research regarding various market cycles
    3. Risk & Reward ratios
    4. Predominantly largecap focused

    Upto 100% in equity.

    The Portfolio may also invest though not exceeding 10% of the Asset Under Management (AUM) in securities other than equity, which shall inter alia include Real Estate Investment Trusts (“REITs”), Infrastructure Investment Trusts (“InvITs”), commodity-linked ETFs (e.g., gold, silver, crude), debt, liquid funds, bonds and permissible securities under the applicable laws.

    For the avoidance of doubt, the aforesaid limit of 10% shall be maintained at the time of making investments (whether initial or additional).

    It is clarified that any subsequent variation in the percentage of such investments beyond the aforesaid limit, arising solely on account of (i) market movements, (ii) corporate actions, or (iii) client-driven transactions like partial redemptions by Clients, shall not be construed as a breach of this limit (“Passive Breach”).

    However, if such Passive Breach results in the exposure to the aforesaid securities exceeding 20% of the AUM at any time, the Portfolio Manager shall, on a best-efforts basis and subject to market conditions and liquidity, take necessary corrective actions to bring such exposure within the said limit of 20% of AUM within a period of thirty (30) days from the date of such breach.

    Portfolio Construct: A typical equity Portfolio generally consists of upto 40 stocks across sectors.

    As per APMI Circular APMI/2022-23/02 dated March 23, 2023 and SEBI circular dated October 3, 2024

    High Risk

    • Generic and Specific risks
      Generic and Specific risk factors related to making investments in equity products of such kind are elaborated in Clause 6 of this Disclosure document.
    • Investors are advised to go through these risk factors and seek clarifications in the event of any queries.

    NA

 

Fund Manager – Alok Agarwal

Alok Agarwal has over two decades of experience in Indian equities and public markets, with a strong focus on equity research and fund management. He joined Alchemy in 2022 and brings a process-driven approach anchored in the eQGP (Environment–Quality–Growth–Price) framework. Prior to this, he managed flagship domestic and offshore mandates at PGIM India AMC and has also worked with Deutsche Asset Management, KR Choksey Shares & Securities, and E-nxt Financials Ltd. An avid marathoner, Alok is a CA, CFA, and CMT charterholder, and holds master’s degrees in commerce and finance.   

Co-Fund Manager, Quant – Deven Ved

Deven has nearly two decades of diverse business experience in financial programming and modelling, program management, shareholder reporting, and consulting. In his previous role at HDFC Ergo General Insurance, he spearheaded the launch of an automated underwriting rule engine, enabling instantaneous policy issuance. Deven’s professional experience also includes working with financial institutions like Bharti AXA, Tata AIA Life and Deloitte Consulting. He is highly analytical in his approach and holds a Post Graduate Diploma in Actuarial Science and a Bachelor of Science degree in Statistics from St. Xavier’s College, Mumbai.

Performance

  1M 3M 6M 1Y Since Inception*
Portfolio Returns# 0.3% 13.5% -1.2% 2.0% 11.9%
Nifty 100 TRI** Returns (Secondary Benchmark) 1.5% 9.4% -6.1% -3.6% 10.4%
Nifty 50 TRI Returns (Primary Benchmark) 1.7% 7.4% -8.1% -5.4% 8.6%

Data as of June 30, 2026 | *Inception Date: August 16, 2023

#Performance related information provided herein is not verified by SEBI | Returns are net of fees, expenses & 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 below link for viewing Performance relative to other portfolio managers:  https://www.apmiindia.org/apmi/welcomeiaperformance.htm?action=PMSmenu

**Nifty 100 TRI is more relevant benchmark for the strategy as the investable universe is top 100 stocks by market capitalization.