Alchemy High Growth – PMS

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

Investment Objective

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

Philosophy & Strategy

Alchemy Investment Philosophy is “Growth at Reasonable Price”. 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.

Why Alchemy High Growth?

  • India is one of the fastest growing economies with an entrepreneurial pool to exploit opportunities.
  • “Top-Down” and “Bottom-Up” approach to stock picking with focus on superior risk-reward.
  • Alchemy High Growth strategy has outperformed its benchmark 14 out of 22 calendar years since 2002
  • A typical portfolio may generally consists maximum of 25 stocks across sectors.

Watch the video to Know more about Alchemy Alchemy High Growth

 

Terms at a Glance

  • CATEGORY - Equity Diversified
  • TYPE - Open ended
  • BENCHMARK - BSE 500 TRI
  • INDICATIVE TENURE OR INVESTMENT HORIZON - 3 – 5 years
  • FUND STYLE - Multi-cap growth
  • LAUNCH DATE - 8th May, 2002
  • MINIMUM INVESTMENT - INR 50 lakhs
  • OTHER TERMS

    Equity

    • Relevant Universe – We have identified a relevant universe of about 500 companies based on market capitalisation, 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).

    Portfolio Construct: A typical Portfolio may generally consist maximum of 25 stocks across sectors.

    As per APMI Circular APMI/2022-23/02 dated March 23, 2023

    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 – 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 2002 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.

Performance

  1M 3M 6M 1Y 3Y 5Y 10Y Since Inception *
Portfolio Returns# 0.3% 6.0% 13.8% 46.8% 21.3% 15.2% 13.5% 20.4%
BSE 500 TRI** Returns 0.5% -3.1% 3.2% 17.3% 17.7% 14.8% 16.1% 16.6%

Data as of February 28, 2026 | *Inception Date: May 08, 2002