Chanakya Capital Services Pvt Ltd

Chanakya Capital Services Pvt Ltd

AUM (Cr.)

291.11

Clients

34

Inv. Approach

1

As On Date

30 September 2025

Chanakya Capital Services Pvt. Ltd. PMS is a Mumbai-based portfolio management firm known for its research-driven and fundamentally grounded investment approach. Established in 2008 by seasoned banker and fund manager Rajesh Tiwari, the firm brings decades of experience across equity research, corporate credit, and asset management. Over the years, it has built a reputation as a boutique PMS provider that prioritizes disciplined investing, deep analysis, and long-term wealth creation for high-net-worth investors.

At the core of Chanakya Capital’s philosophy is a strong emphasis on fundamental research and business quality. The firm focuses on identifying companies that demonstrate sustainable competitive advantages, sound management practices, and long-term growth potential. Rather than chasing short-term market trends, it adopts a patient, conviction-based approach to investing, aiming to generate consistent returns over time. This strategy is supported by a rigorous research framework that combines financial analysis, industry insights, and proprietary investment models.

The PMS offering primarily follows a multi-cap and flexi-cap strategy, allowing flexibility to invest across large, mid, and small-cap stocks depending on market opportunities. This adaptive allocation helps the portfolio capture growth across different segments of the economy while managing risk effectively. As of early 2026, Chanakya Capital manages assets of over ₹300 crore with a focused number of clients, reflecting its selective and personalized approach to portfolio management.

One of the distinguishing aspects of Chanakya Capital Services PMS is its customized portfolio construction. Each client portfolio is aligned with individual financial goals, risk tolerance, and investment horizon. The firm also integrates elements such as market timing strategies and portfolio optimization techniques to enhance returns while maintaining risk discipline. Additionally, its leadership team, including professionals with experience at institutions like Unit Trust of India (UTI), brings institutional-grade expertise to its investment decisions.

Overall, Chanakya Capital Services PMS positions itself as a niche, high-conviction investment manager focused on long-term value creation. Its combination of experienced leadership, research-led strategy, and personalized portfolio management makes it a compelling option for investors seeking a disciplined and thoughtful approach to equity investing in India.

PMS Investments

PMS Investment Approach(s) Returns
Investment Approach Category 1 Yr Return 2 Yr Return 3 Yr Return 5 Yr Return Inception Date
Growth Plan Multi Cap & Flexi Cap -1.33% 15.81% 21.24% 27.43% Aug 2018

*Returns are as of 30th September 2025, * Returns over 1 year 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 23rd March,2023 and Revised Annexure-1

Portfolio Managers

Founded in 2008 by Rajesh Tiwari, a seasoned banker and former fund manager, Chanakya Capital Services Private Limited (CCSPL) is a portfolio management company built on deep fundamental research and investment expertise. Mr. Tiwari, who previously establ
Founded in 2008 by Rajesh Tiwari, a seasoned banker and former fund manager, Chanakya Capital Services Private Limited (CCSPL) is a portfolio management company built on deep fundamental research and investment expertise. Mr. Tiwari, who previously establ

Fund Manager, PMS

Over 3 decades of experience in banking, equity, and debt investments. Established CCSPL in 2008. Acted as the advisor to Acacia Partners, one of the largest FIIs in India (Ruane Cunniff & Goldfarb), between 2010 and 2017 for the India equity portfolio over USD 2 billion. Prior to starting CCPL, Mr. Tiwari was President (Credit) at UTI / Axis Bank. During his 7-year stint, he led the expansion of the bank’s corporate credit portfolio from INR 1500 crores to INR 32,000 crores, simultaneously reducing NPA percentage from 6.50% to 0.30%. At UTI / Axis Bank, he led the turnaround of the corporate credit business of the bank to a quality and market leadership position. Between 1992 to 2001, Mr Tiwari spent 9 years at Unit Trust of India (UTI) where he pioneered and led professional equity research. He is also credited with turning around the India Fund to make it reach the top quartile among Indian offshore funds. He was a part of the initial team from IDBI that established SEBI in 1988. Mr. Tiwari holds PGDM (IIM-A) and Ph. D. (Finance) from the University of North Texas. Co-founder of Lumens and director of Micasa Education Pvt. Ltd. that runs K-12 schools under the brand name ‘Lumens School’. Its first school was established in 2011 at Vapi, which now has over 600 students and has become known for its quality of education.

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