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Narnolia Financial Services Ltd
PMS Thematic
Benchmark
Nifty 50 TRI
Inception Date
4 May 2015
Min. Investment
₹50,00,000
AUM (Cr.)
₹85.98
SIP Available
Yes
STP Available
Yes

Investment Strategy

Investment Approach

Our investment selection process utilizes a proprietary quantitative model, rigorously analyzing multiple years of fundamental data. This multi-factor approach incorporates earnings momentum, capital allocation strategies, and qualitative financial ratios, with a preference for resilient companies over high-beta exposures.

Investment Objective

The Narnolia Multi Cap Strategy is designed to deliver superior returns relative to its benchmark, the Nifty 500, while maintaining a consistent risk-adjusted performance profile aligned with the benchmark. This objective is achieved through active management of the portfolio's beta to the Nifty 500, supplemented by opportunistic alpha generation derived from a proprietary, in-depth fundamental analysis model. Portfolio construction prioritizes consistent, incremental gains over volatile, high-risk returns, thereby enhancing resilience and mitigating downside risk, particularly during periods of market contraction or sideways movement.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH -1.21% -0.28% -0.93%
3 MONTHS 2.19% 6.33% -4.14%
6 MONTHS 1.54% 2.92% -1.38%
1 YEAR 2.74% 11.88% -9.14%
2 YEAR 9.34% 10.98% -1.64%
3 YEAR 14.99% 14.32% 0.67%
5 YEAR 13.71% 14.68% -0.97%
SINCE INCEPTION 15.62% 12.71% 2.91%

Calendar Year Performance

Year Return
CY 2025 2.74%
CY 2024 16.38%
CY 2023 27.20%

Financial Year Performance

Year Return
FY 26_YTD 11.06%
FY 25 2.18%
FY 24 37.98%

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

Fund Managers

Shailendra Kumar serves as Co-Founder and Chief Investment Officer at Narnolia. He possesses over twenty years of profound expertise and comprehension in fund management and investment advisory. Under his guidance, Narnolia achieved recognition as the ‘Most Consistent Portfolio Manager of the country in 2018 & 2019’ and was also acknowledged as the ‘Pioneer and 2nd largest Investment Advisor of the country in 2021. His investment philosophy centers on a ‘growth-in-value’ approach. Mr. Kumar holds a postgraduate degree in Management & Systems from IIT, Delhi. His academic contributions are significant, evidenced by his authorship and mentorship of various financial publications and research papers. He has also conducted substantial work in the areas of corporate valuations and derivative pricing.

Portfolio Details

Portfolio Composition

Large Cap
0%
Mid Cap
0%
Small Cap
0%
Cash & Equivalent
0%

Top 5 Holdings

  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A

Top 5 Sectors

  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A

Portfolio Characteristics

total number of stocks
0
top 5 stocks percent
N/A
top 5 sectors percent
N/A
average market cap
489085.56
portfolio age
10 Yrs, 7 Months
sip
Available
stp
Available

Fee Structure

Fixed Fee

AMC: 2.5%

Variable Fee

AMC: 1.25%

Hurdle: 10%

Profit Sharing: %

Exit Load

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Disclaimer

Returns are as of 2025-12-31. Returns for periods up to one year are not annualized. Returns for periods exceeding one year are annualized. Returns are computed using the Time Weighted Rate of Return (TWRR) methodology and are provided by the respective Asset Management Companies (AMCs). 'ND' denotes 'No Data', and 'NA' denotes 'Not Applicable'. The performance of the respective Benchmark Indices is presented above. Benchmark(s) are as defined in SEBI circular no. SEBI/HO/IMD/IMD-PoD-2/P/CIR/2022/172 dated December 16, 2022, APMI circular no. APMI/2022-23/02 dated March 23, 2023, and Revised Annexure-1.

This page is provided solely for general informational purposes in relation to the strategy and is based on publicly available information. While reasonable care has been taken to ensure accuracy, the information may not reflect the most recent updates.

Nothing on this page constitutes investment, financial, or legal advice. Investment decisions should be made after consulting a qualified advisor and reviewing official scheme documents.

Last Updated: January 2026 · Published by Affluense AI (affluense.ai)