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Pathfinder Value Fund

Maximal Capital
PMS Multi Cap & Flexi Cap
Benchmark
S&P BSE 500 TRI
Inception Date
18 May 2022
Min. Investment
₹50,00,000
AUM (Cr.)
₹169.34
SIP Available
No
STP Available
No

Investment Strategy

Investment Approach

Concentrated portfolio of ~15 stocks across market capitalization with bias towards multi-bagger opportunities found more in small and mid cap stocks. Valuation metrics at portfolio level significantly lower than general market. Management of money in risk averse and extremely transparent manner.

Investment Objective

Primary objective is to create long term wealth for clients by investing in opportunities offering extremely attractive risk-adjusted return potential with limited chance of permanent loss of capital.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH -2.69% -0.24% -2.45%
3 MONTHS 0.07% 5.02% -4.95%
6 MONTHS -2.48% 1.63% -4.11%
1 YEAR 1.74% 7.63% -5.89%
2 YEAR 8.77% 11.64% -2.87%
3 YEAR 25.71% 16.40% 9.31%
SINCE INCEPTION 26.85% 17.00% 9.85%

Calendar Year Performance

Year Return
CY 2025 1.74%
CY 2024 16.25%
CY 2023 67.90%
CY 2022 19.32%

Financial Year Performance

Year Return
FY 26_YTD 13.43%
FY 25 12.36%
FY 24 67.24%
FY 23 11.91%

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

Fund Managers

Sarvesh Gupta

Fund Manager

Mr. Sarvesh has been investing in equities for more than 15 years with 12 years of experience of being a full-time professional investor across the listed and unlisted space.Prior to launching Maximal Capital PMS, Sarvesh was a SEBI registered investment adviser during 2017-21 across listed equities and high yield debt strategies, generating double digit alpha for clients during this tenure.Before founding Maximal, Sarvesh was the fund manager at Trivantage Capital during 2016-17, a SEBI registered PMS. Sarvesh was instrumental in setting the fund from ground zero to reach multi hundred crores in assets with strong double digit alpha.Preceding that, Sarvesh was Principal with Gaja Capital, one of India’s leading private equity firms focused on investing in sectors across financial services, consumer products and services, education amongst others. At Gaja, he participated and often led the investment process. He was the youngest at Gaja to be inducted in the top decision-making core investment team, having been promoted twice in a span of 3 years.

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
16
top 5 stocks percent
N/A
top 5 sectors percent
N/A
average market cap
N/A
portfolio age
3 Yrs, 7 Months
sip
Not Available
stp
Not Available

Fee Structure

Fixed Fee

AMC: 2%

Variable Fee

AMC: 1%

Hurdle: 10%

Profit Sharing: 15%

Exit Load

Year 1: 3%

Year 2: 2%

Year 3: 1%

Disclaimer

* Returns are as on31st December 2025 , * Returns over a 1 year period 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

This profile is provided for general informational purposes only and is based on publicly available information. While reasonable care is taken, the content may not always reflect the latest 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.

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

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