Special Situations and Technology Strategy

Negen Capital Services Pvt Ltd
PMS Multi Cap & Flexi Cap
Benchmark
S&P BSE 500 TRI
Inception Date
10 August 2017
Min. Investment
₹50,00,000
AUM (Cr.)
₹1304.10
SIP Available
Yes
STP Available
Yes

Investment Strategy

Investment Approach

The investment objective is to achieve sustained long-term capital growth through a portfolio diversified across small-capitalization Indian equities.

Investment Objective

The objective is to achieve sustained capital growth over an extended period through investment in a varied selection of small-capitalization businesses.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH 1.06% -0.24% 1.30%
3 MONTHS 1.73% 5.02% -3.29%
6 MONTHS -5.87% 1.63% -7.50%
1 YEAR 0.08% 7.63% -7.55%
2 YEAR 15.38% 11.64% 3.74%
3 YEAR 26.84% 16.40% 10.44%
5 YEAR 29.82% 16.82% 13.00%
SINCE INCEPTION 17.92% 14.14% 3.78%

Calendar Year Performance

Year Return
CY 2025 0.08%
CY 2024 33.05%
CY 2023 53.22%
CY 2022 0.00%
CY 2021 84.61%
CY 2020 39.20%
CY 2019 0.21%
CY 2018 -32.56%
CY 2017 15.02%

Financial Year Performance

Year Return
FY 26_YTD 18.19%
FY 25 18.75%
FY 24 65.12%
FY 23 -11.82%
FY 22 57.25%
FY 21 182.89%
FY 20 -46.78%
FY 19 -15.05%
FY 18 -0.59%

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

Fund Managers

Neil Madan Bahal

Founder & Fund Manager

Mr. Neil Bahal is an accomplished investment practitioner with over twenty years of extensive involvement in the Indian capital markets. His investment career commenced at the age of fifteen, fueled by a profound interest in equities and a commitment to long-term wealth generation. Guided by the principle that "The secret to investing is to figure out the value of something – and then pay a lot less" (Joel Greenblatt), Mr. Bahal's investment approach is centered on discerning intrinsic value and identifying overlooked prospects. As the Founder and Fund Manager at Negen Capital, he directs the Portfolio Management Services (PMS) operations. His primary investment strategy involves identifying special situations, focusing on undervalued assets where market inefficiencies or strategic corporate events present opportunities for substantial alpha generation. Mr. Bahal possesses an MBA in Finance and has completed the FMB program at S.P. Jain Institute of Management & Research, further developing his strategic and business leadership acumen.

Portfolio Details

Portfolio Composition

Large Cap
25.43%
Mid Cap
35.38%
Small Cap
28.62%
Cash & Equivalent
10.57%

Top 5 Holdings

  • Triveni Engineering & Industries Ltd 9.87%
  • Manappuram Finance Ltd 7.02%
  • Nuvama Wealth Management Ltd 6.02%
  • Jayaswal Neco Industries Ltd 5.90%
  • HEG Ltd 4.78%

Top 5 Sectors

  • Stockbroking & Allied 12.28%
  • Sugar 10.93%
  • Non Banking Financial Company (NBFC) 7.02%
  • Iron & steel products 5.90%
  • Housing Finance Company 5.77%

Portfolio Characteristics

total number of stocks
33
top 5 stocks percent
33.59%
top 5 sectors percent
41.90%
average market cap
N/A
portfolio age
8 Yrs, 4 Months
sip
Available
stp
Available

Fee Structure

Fixed Fee

AMC: 2.5%

Variable Fee

AMC: No Option

Hurdle: No Option

Profit Sharing: No Option

Exit Load

Year 1: 0%

Year 2: 0%

Year 3: 0%

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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)