AIF · Equity · CAT III - LONG ONLY - SMALL CAP & MID CAP
Alcehmy leaders of tomorrow-closed ended
Fund size₹475 Cr
Alpha (3Y)0.48%
3Y return17.62%
Fund age3 yrs 9 mo
Fund Managers
Mr. Hiren Ved
Director And CIO, Alchemy
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.
Managing AUM₹8,237 Cr
Himani Shah
Co-fund Manager, Alchemy
–
Managing AUM₹475 Cr
Growth of₹Cr
Alcehmy leaders of tomorrow closed ended
Returns: How it has done
| Scheme / Benchmark | YTD | 1Y | 2Y | 3Y | 5Y | Since inception |
|---|---|---|---|---|---|---|
| Alcehmy leaders of tomorrow closed ended | — | 0.46% | 13.48% | 17.62% | — | 13.90% |
| Nifty 500 | −9.50% | 5.07% | 14.86% | 13.88% | — | 12.92% |
| Excess over benchmark | — | −4.61% | −1.38% | 3.74% | — | 0.98% |
Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 30 Nov 2025.
Risk : What you take on to earn the return
Volatility
17.52%
Benchmark approx 12.69%
A standard deviation reflecting historical swings.
Sensitivity
1.18
Beta vs benchmark 1.00 · 18% more reactive
How strongly the scheme moves with the index.
Risk-reward
0.67
Sharpe
Excess return gained per unit of volatility.
Capture ratio
117 / 120
Upside / Downside Capture
Share of market gains captured versus losses absorbed.
How far below its previous high it fell
Over the trailing 3Y window the scheme fell −23.38% from its 30 Oct 2024 peak to a 28 Feb 2025 trough. It has not yet recovered.
Max drawdowns
−23.38%
Scheme Drawdown Trajectory
| Drawdown analysis | Peak | Trough | Depth | Fell over | Recovered | Recovery took |
|---|---|---|---|---|---|---|
| Scheme | 30 Oct 2024 | 28 Feb 2025 | −23.38% | 121 days | – | – |
| Benchmark | 30 Aug 2024 | 28 Feb 2025 | −18.59% | 182 days | – | – |
Scheme
Peak30 Oct 2024
Trough28 Feb 2025
Depth−23.38%
Fell over121 days
Recovered–
Recovery took–
Benchmark
Peak30 Aug 2024
Trough28 Feb 2025
Depth−18.59%
Fell over182 days
Recovered–
Recovery took–
The benchmark's peak, trough and recovery are read off its month-end curve; the scheme's row is measured on daily NAV. · Risk and drawdown use a trailing 3Y window · As on 30 Nov 2025
Portfolio Details : Where the money actually sits
Stocks
21
P/E ratio
66.35
P/B ratio
9.62
Dividend yield
0.17%
Avg market cap
₹1.62 L Cr
Median market cap
₹1.06 L Cr
Asset class
Equity
Market cap
Large cap43.13%
Mid cap38.14%
Small cap8.16%
Cash & others10.57%
As on 30 Nov 2025
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