Alchemy Capital Management

Alchemy Capital Management

AUM (Cr.)

6981.12

Clients

2304

Inv. Approach

11

As On Date

31 August 2025

After lending our advice and investment expertise to USD 1.6 billion (as of June 30, 2025) worth of group assets, Alchemy has gained recognition over the past 20 years and is now among the nation's largest providers of Portfolio Management Services (PMS). The foundation of Alchemy's institutional heritage is honesty, method, wisdom, and a relentless pursuit of providing continuously excellent customer service. The main investment management team has been guided by Alchemy's experience, intelligence networks, and ongoing information from trade and business analysts to adopt only the best-in-class processes in order to meet and frequently surpass the expectations of its customers. They have reciprocated by praising our efforts.

PMS Investments

PMS Investment Approach(s) Returns
Investment Approach Category 1 Yr Return 2 Yr Return 3 Yr Return 5 Yr Return Inception Date
High Growth Multi Cap & Flexi Cap -11.39% 14.56% 13.21% 16.47% May 2002
High Growth Select Stock Multi Cap & Flexi Cap 1.82% 23.41% 18.67% 24.56% Dec 2008
Ascent Multi Cap & Flexi Cap -29.40% 5.82% 10.37% 19.53% Sep 2019
Alpha 100 Large Cap -13.04% 12.67% N/A N/A Aug 2023
Smart Alpha 250 Mid & Large Cap -14.94% 18.90% N/A N/A Aug 2023
Alpha Small Cap Small Cap -6.62% N/A N/A N/A Dec 2023
Smart Alpha Small and Micro Cap Small Cap -18.81% N/A N/A N/A Dec 2023

*Returns are as of 31st August 2025. *Returns over a 1-year period are annualized. *Returns are calculated using the Time Weighted Rate of Return (TWRR) method and as provided by the respective AMCs. *ND (No Data), *NA (Not Applicable) * Returns of the respective Benchmark Indices used are tabulated above. Benchmark(s) given are as per SEBI circular no. SEBI/HO/IMD/IMD-PoD-2/P/CIR/2022/172 dated December 16, 2022 and the APMI circular no. APMI/2022-23/02 dated March 23, 2023, and Revised Annexure-1

AIF Investments

AIF Investment Approach(s) Returns
Investment Approach Category 1 Yr Return 2 Yr Return 3 Yr Return 5 Yr Return Inception Date
Leaders of Tomorrow Small & Mid Cap -10.05% 17.28% 15.82% 26.11% Jan 2018
Leaders of Tomorrow - 2 Small & Mid Cap -7.55% 14.49% 13.80% N/A Feb 2022
Emerging Leaders of Tomorrow Multi Cap & Flexi Cap -4.24% 21.92% N/A N/A Oct 2022
Emerging Leaders of Tomorrow - 2 Multi Cap & Flexi Cap -9.69% 16.56% N/A N/A Mar 2023

*All performance above are as on 31st August 2025. * Above 1 year returns are in CAGR*

Portfolio Managers

Mr Alok Agarwal

Fund Manager

Alok has worked in finance and markets for more than 21 years, mostly in fund management and stock research. He was employed at PGIM India AMC, where he oversaw the Offshore Equity Desk and managed the company's flagship fund. Alok has also held positions at Pinnacle Academy, E-nxt Financials Ltd., KR Choksey Shares & Securities, and Deutsche Asset Management. In addition to his M.Com. and MS in Finance, he has earned his CA, CFA, and CMT degrees.

Mr Deven Ved

Co Fund Manager

Deven has worked in a variety of business roles for more than 17 years, including consulting, program management, financial programming and modeling, and shareholder reporting. He led the introduction of an automated underwriting rule engine that allowed for rapid policy issuance in his prior position at HDFC Ergo General Insurance. Working for financial firms such as Bharti AXA, Tata AIA Life, and Deloitte Consulting is another aspect of Deven's professional background. He is a highly analytical individual who graduated from St. Xavier's College in Mumbai with a Bachelor of Science in Statistics and a Postgraduate Diploma in Actuarial Science.

Ms Himani Shah

Co-Fund Manager

Himani has worked for financial firms such as Morgan Stanley, Citigroup, Anand Rathi, and SBI Capital Securities over his more than two decades in the industry. She is a seasoned equities professional with research and sales experience in institutional equity. She has worked closely with both domestic and FII institutional investors, and she has covered the BFSI sector in great detail. Her work experience includes researching numerous businesses from the standpoint of long-term equity investment. Himani holds both an ICAI chartered accountant and a CFA charter from the CFA Institute in the United States.

Mr. Hiren Ved

Co-Founder & CIO

Veteran of the equity market Hiren Ved is the CIO and Whole-Time Director of Alchemy Capital Management, where he has been in charge of the company's Asset Management division. Having worked in the Indian stock market for more than 30 years, Hiren has created a sound long-term investing strategy based on basic research. He is renowned for his in-depth industry expertise, aptitude for stock selection, and bottom-up research. As of June 30, 2023, Hiren was managing and advising Alchemy Capital's offshore institutional mandates and domestic PMS totaling more than USD 931 million. He graduated from Mumbai University with a master's degree in accounting and from the Institute of Cost Accountants of India with a postgraduate degree in management and cost accounting.

Ms Mythili Balakrishnan

Co Fund Manager

Mythili has worked in finance and markets for more than 19 years, mostly in fund management and stock research. She was employed as a mid-cap analyst at New Mark Capital before joining Alchemy. She has previously held comparable positions with JP Morgan, Avendus PE, and Motilal Oswal AMC. She graduated from Delhi College of Engineering with a B.E. (Electronics and Communications) and IIM Ahmedabad with a diploma in management. She holds a CFA charter.

AMC Reg. Address

B-4 Amerchand Mansion, 16 Madame Cama Road, Colaba, Mumbai, Maharashtra, India-400001 SEBI Reg No.: INP000000365

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