Alchemy High Growth Select Stock – (PMS)

Investment Objective
Why Alchemy High Growth Select Stock
Terms at a Glance
Fund Manager

Investment Objective

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

Why Alchemy High Growth Select Stock?

Reason for investing is that India is one of the fastest growing economies and has sufficient entrepreneurial reserves to exploit the opportunities
“Top-Down” and “Bottom-Up” approach to stock picking with focus on superior risk-reward.
A usual portfolio comprises of 8-12 stocks across sectors; single stock exposure is capped at maximum 25 percent at cost.

Terms at a Glance

CATEGORY - Equity Concentrated
TYPE - Open ended
BENCHMARK - S&P BSE 500 TRI
INDICATIVE TENURE OR INVESTMENT HORIZON - Minimum 3-5 years
FUND STYLE - Multi-cap growth
LAUNCH DATE - 20th Dec, 2008
MINIMUM INVESTMENT - INR 3 crores
OTHER TERMS
Philosophy: 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.
A typical Portfolio may generally consist of between 8‐14 stocks across sectors. We may construct such concentrated Portfolios as per the Clients need and understanding.

Strategy: Invest in companies across the market capitalization range, which have high growth potential and potential to deliver long‐term capital appreciation.

Equity
Relevant Universe - We have identified a relevant universe of about 500 companies based on market capitalisation (above 1000 crores preferably), 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.
Upto 100% in equity (cash portion may be deployed in liquid funds/ debt Securities).

"S & P BSE 500 - TRI index serves as a comprehensive representation of the Indian economy, The index comprises of the top 500 companies listed on the Bombay Stock Exchange, with selection based on a combination of average float‐adjusted market capitalization, average value traded, and average total market capitalization. Hence, we believe S& P BSE 500 -TRI is considered to be appropriate benchmark which would reflect the realistic comparison with the Portfolio performance."
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
NA

Fund Manager – Hiren Ved

Hiren Ved, an equity market veteran, serves as the Director and CIO at Alchemy Capital Management where he has been leading the firm’s Asset Management business. With over 30 years 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 sector knowledge, bottom-up research skills and stock picking abilities. Hiren manages and advises funds USD 978 mn (as on September 30, 2023) across domestic PMS and offshore institutional mandates for Alchemy Capital. 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.

For complete details of the product, please Contact Us.

Alchemy Ascent

objective method investing

Our latest product, Alchemy ASCENT endeavors to provide a consistent "high alpha" investment strategy which build portfolios to deliver consistent outperformance over the long term, using an objective, back tested and data driven approach devoid of any biases.

RESULT ORIENTED
+
UNBIASED
+
DISCIPLINED
+
CONSISTENT
+
DATA DRIVEN
=
ASCENT PORTFOLIO

1Unbiased approach towards each stock
2Greed/Fear/Hope are mitigated by having objective method for investment
3Focus on Discipline & Data to generate CAGR
4Back Tested for more than 21 years across many market cycles
5Ability to scan over 2000 stocks daily to find a winner
6Endeavor to generate returns outperforming the relevant index over 3-5 Year
7Churn ratio of ~ 0.67
8Average cash level is ~ 10%
9Focused unbiased active portfolio management

Minimum Investment of INR 50 lakhs

Notes: Alchemy Capital Management Pvt Ltd (Alchemy Capital) is registered as a Portfolio manager with SEBI. Alchemy Ascent is the product of Alchemy Capital's Portfolio Management Services.

Disclaimers:

General Risk factors

All investment products attract various kinds of risks. Please read the relevant Disclosure Document/ Investment Agreement carefully before investing.

General Disclaimers

The information and opinions contained in this report/ presentation have been obtained from sources believed to be reliable, but no representation or warranty, express or implied, is made that such information is accurate or complete.
Information and opinions contained in the report/ presentation are disseminated for the information of authorized recipients only and are not to be relied upon as advisory or to be taken in substitution for the exercise of due diligence and judgement by any recipient.
The information and opinions are not, and should not be construed as, an offer or solicitation to buy or sell any securities or make any investments.
Nothing contained here in, including past performance/ back testing results, shall constitute any representation or warranty as to future performance.
The client is solely responsible for consulting his/her/its own independent advisors as to legal, tax, accounting and related matters concerning investments and nothing in this document or in any communication shall constitutes such advice.
The client is expected to understand the risk factors associated with investment & act on the information solely on his/her/its own risk. As a condition for providing this information, the client agrees that Alchemy Capital Management Pvt. Ltd., its Group or affiliates makes no representation and shall have no liability in any way arising to them or any other entity for any loss or damage, direct or indirect, arising from the use of this information.

This document and its contents are proprietary information of Alchemy Capital Management Pvt. Ltd and may not be reproduced or otherwise disseminated in whole or in part without the written consent.

Alchemy High Growth Select Stock - PMS