Amcha Partners AIF Trust PMS is an emerging India-focused investment platform operating in the alternative investments space, structured as a Category III Alternative Investment Fund (AIF). Launched in December 2024 and headquartered in Mumbai, the firm aims to capitalize on high-growth opportunities across listed and unlisted markets, particularly within the small and medium enterprise (SME) segment.
At the core of Amcha Partners’ strategy is its flagship offering, the Grobiz SME Opportunity Fund, which adopts a research-driven and founder-centric investment philosophy. The fund focuses on identifying scalable businesses at critical growth stages, including pre-IPO, SME IPO, and post-listing expansion phases. By targeting companies with strong operational capabilities, efficient capital allocation, and sustainable competitive advantages, the fund seeks to generate long-term capital appreciation for investors.
The investment approach is sector-agnostic, allowing the fund to explore opportunities across industries where structural growth and underpenetration provide strong tailwinds. Emphasis is placed on businesses operating in large addressable markets with sound governance standards and consistent execution. This flexible mandate enables the fund to dynamically allocate capital based on evolving market conditions and emerging opportunities.
Leadership plays a crucial role in the fund’s investment decisions. The portfolio is managed by Tushar Agrawal, an experienced investment professional with over a decade of exposure to private markets and early-stage investing. Having backed more than 50 businesses, he brings deep insights into company-building, enabling the fund to identify high-quality enterprises early in their lifecycle. His investment philosophy centers on partnering with visionary promoters and investing at key inflection points to maximize wealth creation.
As a Category III AIF, Amcha Partners AIF Trust typically employs flexible strategies, including long-term equity investments and potentially dynamic market positioning, to optimize returns. Such structures are designed for sophisticated investors, including high-net-worth individuals (HNIs) and institutions, who seek diversification beyond traditional asset classes like mutual funds or direct equities.
Overall, Amcha Partners AIF Trust PMS positions itself as a boutique investment manager focused on high-conviction opportunities in India’s evolving SME and growth-company ecosystem. With a disciplined, research-backed approach and a clear emphasis on long-term compounding, it aims to deliver differentiated returns by investing in businesses that are poised to benefit from India’s economic expansion.
| AIF Investment Approach(s) | Returns | |||||
|---|---|---|---|---|---|---|
| Investment Approach | Category | 1 Yr Return | 2 Yr Return | 3 Yr Return | 5 Yr Return | Inception Date |
| Grobiz SME Opportunity Fund | Small Cap | NA | NA | NA | NA | Mar 2025 |
*All performance above are as on 31st August 2025. *Above 1-year returns are in CAGR*
Fund Manager
Tushar Agrawal is the Fund Manager of the Grobiz SME Opportunity Fund, bringing over a decade of experience in the investment industry. Throughout his career, he has backed more than 50 early-stage businesses across private markets, giving him deep insight into company-building and an exceptional ability to identify high-quality, scalable businesses early—those defined by strong moats, prudent capital allocation, and visionary founders with consistent execution. At Grobiz, Tushar applies this founder-oriented investment philosophy to both listed and unlisted SMEs, focusing on enterprises with operational excellence and structural growth tailwinds. He firmly believes that India’s SMEs will be central to the nation’s journey toward a $10 trillion+ economy and is passionate about partnering with ambitious promoters to unlock that potential. His goal is to meaningfully compound investor capital by investing in fundamentally strong SMEs at key inflection points. Tushar is an alumnus of IIM Indore and NIT Jamshedpur.
S-34, Vatika Business Centre, 7th floor, Wing B, Supreme Business Park, Powai, Mumbai-400 076, India SEBI Reg No : IN/AIF3/24-25/1655