Alchemy Capital Management – Portfolio Management Services (PMS)

Alchemy has grown in repute over the last 2 decades and is currently one of the largest Portfolio Management Services (PMS) provider in the country, having lent our advice and investment skills to USD 1.6 bn (as on June 30, 2025) worth of group assets. Alchemy’s institutional pedigree rests on integrity, process, insight and an unrelenting endeavour to offer consistently superior client experience. Alchemy’s experience, intelligence networks and continuous information from trade and business analysts have guided the core investment management team in adopting nothing but the best-in-class practices to deliver on clients’ expectations and often aim to exceed them. In return, they have commended us for our efforts.

AUM (₹ Cr)

7009.39

Clients

2199

Strategies

10

As On

31 December 2025

Investment Strategies & Performance

Portfolio Management Services (PMS)

Alchemy Capital Management Portfolio Management Services (PMS) - Performance Returns
Strategy Category 1Y 3Y 5Y Inception
High Growth Multi Cap & Flexi Cap 7.00% 18.09% 14.75% May 2002
Select Stock Multi Cap & Flexi Cap -2.44% 21.85% 20.44% Dec 2008
Ascent Multi Cap & Flexi Cap -20.07% 11.96% 15.61% Sep 2019
Alpha 100 Large Cap 8.76% Aug 2023
Smart Alpha 250 Mid & Large Cap -3.42% Aug 2023
Alpha Small Cap Small Cap -8.90% Dec 2023
Smart Alpha Micro and Small Cap Small Cap -15.93% Dec 2023

Past performance is not indicative of future results. Returns are subject to market risks.

Alternative Investment Funds (AIF)

Alchemy Capital Management Alternative Investment Funds (AIF) - Performance Returns
Strategy Category 1Y 3Y 5Y Inception

Leaders of Tomorrow

Small & Mid Cap -10.07% 19.40% 19.94% Jan 2018

Emerging Leaders of Tomorrow

Multi Cap & Flexi Cap -1.99% 22.24% Oct 2022

Emerging Leaders of Tomorrow - 2

Multi Cap & Flexi Cap -5.30% Oct 2022

AIF investments carry market risks. Please read scheme documents carefully.

Portfolio Managers & Fund Management Team

Mr Alok Agarwal

Fund Manager

Alok has over 21 years of experience in Finance and Markets, primarily in equity research and fund management. He worked with PGIM India AMC, where he managed their flagship fund and headed their Offshore Equity Desk. Alok has also worked with Deutsche Asset Management, KR Choksey Shares & Securities, E-nxt Financials Ltd and Pinnacle Academy. He holds a degree of M.Com and MS (Finance) & has also completed CA, CFA & CMT

Mr Deven Ved

Co Fund Manager

Deven has over 17 years of diverse business experience in financial programming and modelling, program management, shareholder reporting and consulting. In his previous role at HDFC Ergo General Insurance he spearheaded the launch of automated underwriting rule engine, enabling instantaneous policy issuance. Deven’s professional experience also includes working with financial institutions like Bharti AXA, Tata AIA Life and Deloitte Consulting. He’s highly analytical in his approach and holds a Post Graduate Diploma in Actuarial Science and Bachelor of Science Degree in Statistics from St. Xaviers College, Mumbai.

Ms Himani Shah

Co-Fund Manager

Spanning over 20 years, Himani’s professional experience includes working with financial institutions like Morgan Stanley, Citigroup, Anand Rathi and SBI Capital Securities. She is a seasoned Equity professional with experience in institutional equity research & sales. She has covered the BFSI sector extensively and worked closely with both domestic as well as FIIs institutional Investors. Her professional expertise consists of studying many companies from a long-term equity investment perspective. Himani is a Chartered Accountant from ICAI and CFA Charter holder from the CFA Institute, USA.

Mr. Hiren Ved

Co-Founder & CIO

Hiren Ved, an equity market veteran, serves as the Whole-Time 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 over USD 931 million (as on June 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.

Ms Mythili Balakrishnan

Co Fund Manager

Mythili has over 19 years of experience in Finance and Markets, primarily in equity research and fund management. Prior to joining Alchemy, she was working with New Mark Capital as midcap analyst. Previously, she has also worked with Motilal Oswal AMC, Avendus PE and JP Morgan in similar roles. Academically, she holds a B.E (Electronics and Communications) degree from Delhi College of Engineering and diploma in management from IIM Ahmedabad. She is a CFA charter holder.

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Regulatory Information

SEBI Registration: INP000000365

Registered Office: B-4 Amerchand Mansion,16 Madame Cama Road, Colaba,Mumbai,Maharashtra,India-400001

Disclaimer

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Last Updated: December 2025 · Published by Affluense AI (affluense.ai)