Matterhorn India Fund AIF: Returns, Portfolio & Fees

AIF · Equity · CAT III - LONG ONLY - MULTI CAP & FLEXI CAP

Matterhorn India Fund

IRRSince inception17.49%

1Y return4.14%

Minimum investment₹1 Crore

Fund age2 yrs 10 mo

Fund Manager

Parag Jhawar

Fund Manager, AIF, Knightstone

Parag Jhawar as 22 years of experience in investment management and research. Prior to founding Knightstone Capital Management, an investment management firm focused on the Indian market, he was Managing Director at Steinberg India Advisors for seven years. Prior to joining Steinberg India Advisors, he worked for over four years at Pari Washington, an investment advisory firm managing over USD 300 million for US and European university endowments and family offices. Before joining Pari Washington, he worked at Boston Avenue Capital LLC, an investment firm based in Tulsa, Oklahoma. Prior to his business school education, he worked at McKinsey & Company for two years.Parag holds an MBA from Indian Institute of Management, Ahmedabad and received his B. Com. (Honours) from Shri Ram College of Commerce, Delhi University.

Managing AUM₹0 Cr

Growth of₹Cr

Matterhorn India

Returns: How it has done

Scheme / Benchmark	YTD	1Y	2Y	3Y	5Y	Since inception
Matterhorn India	6.33%	4.14%	9.54%	—	—	17.49%
Nifty 500	−1.07%	3.37%	0.84%	—	—	11.96%
Excess over benchmark	7.40%	0.77%	8.70%	—	—	5.53%

Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Jul 2026.

Risk : What you take on to earn the return

Volatility

25.82%

Benchmark approx 16.08%

A standard deviation reflecting historical swings.

Sensitivity

1.40

Beta vs benchmark 1.00 · 40% more reactive

How strongly the scheme moves with the index.

Risk-reward

0.06

Sharpe

Excess return gained per unit of volatility.

How far below its previous high it fell

Over the trailing 1Y window the scheme fell −20.99%, and recovered on 02 Jul 2026.

Max drawdowns

−20.99%

Scheme Drawdown Trajectory

Drawdown analysis	Peak	Trough	Depth	Fell over	Recovered	Recovery took
Scheme	–	–	−20.99%	–	02 Jul 2026	–
Benchmark	31 Jul 2025	30 Mar 2026	−14.69%	242 days	–	–

Scheme

Peak–

Trough–

Depth−20.99%

Fell over–

Recovered02 Jul 2026

Recovery took–

Benchmark

Peak31 Jul 2025

Trough30 Mar 2026

Depth−14.69%

Fell over242 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 1Y window · As on 31 Jul 2026

Portfolio Details : Where the money actually sits

Stocks

P/E ratio

33.41

P/B ratio

2.37

Dividend yield

0.59%

Avg market cap

₹19,488 Cr

Median market cap

₹4,340 Cr

Asset class

Equity

Market cap

Large cap0.30%

Mid cap16.23%

Small cap74.86%

Cash & others8.61%

As on 31 Jul 2026

Fees

A performance plan costs less in lean years and shares the upside only when the fund beats a hurdle.

PerformancePlan A · Performance Linked

Fixed Management FeeNone

Performance Fee15% of profit

Hurdle RateAbove 9%

No exit load. Lock-in: Nil.

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