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AIF
·
Equity
·
CAT III - LONG ONLY
Two X Capital Exponential Opportunities Fund
IRR
Since inception
13.90%
Minimum investment
₹1 Crore
3Y return
–
Fund age
7 mo
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Fund Managers
Ruchir Khare
Chief Investment Officer, Two X
Mr. Khare, a market veteran, brings extensive experience in asset management, notably as the former Head of Equities at ICICI Investment Management Company. He established a strong track record of outperformance through a disciplined investment framework emphasizing risk management and alpha generation. Managing close to USD 140 million in assets for private banking clients (including NRIs, corporates, and UHNIs) his model portfolio significantly exceeded benchmarks for years. Prior to ICICI, he spent over a decade at Kotak Securities as Deputy Vice President, Research, specializing in Mid-Caps, Capital Goods, and Engineering sectors. Lastly, Mr Khare holds a B.Com from Symbiosis College and an MMS from Mumbai University.
Managing AUM
₹0 Cr
Tanmay Khandelwal
Principal, Research, Two X
Tanmay Khandelwal, Founder of Two X Capital, graduated from Columbia University in New York with a Bachelor’s degree in Industrial Engineering and Operations Research. A former Vice Chair of the Ivy League Council and a Dean's List honoree, Mr. Khandelwal brings a strong academic foundation to his role. With over five years of experience in Indian equity markets, Mr. Khandelwal achieved a significant milestone by winning the Money Managers Division of the 2023 US Investing Championship alongside his brother, Aryan. His expertise spans financial modeling, statistical analysis, business optimization, and engineering principles, contributing significantly to the development of Two X Capital’s investment strategy, “BEST.” Mr. Khandelwal's insights have been sought after by various outlets, including TraderLion Channel and Elearnmarkets by StockEdge. He has also been featured in publications such as Yahoo Finance and Business Wire.
Managing AUM
₹0 Cr
Aryan Khandelwal
Principal, Business Development, Two X
Aryan Khandelwal, Co-founder of Two X Capital, is an economics major from Dartmouth College. A former top-4 ranked Indian squash player and a recruited athlete at Dartmouth, he brings a competitive spirit and a strong work ethic to his role. His academic foundation is complemented by extensive coursework in financial markets, including institutional fundraising, investment analysis, financial modelling, and corporate finance. Recognized as a top performer in the US Investing Championship Money Managers Division along with his brother, Tanmay, and certified as an alternative investment fund manager by the National Institute of Securities and Markets, Aryan plays a pivotal role in defining Two X Capital's investment philosophy and approach.
Managing AUM
₹0 Cr
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Growth of
₹
Cr
Two X Capital Exponential Opportunities
Since Inception
1Y
Returns: How it has done
Trailing returns
Calendar year
Scheme / Benchmark
YTD
1Y
2Y
3Y
5Y
Since inception
Two X Capital Exponential Opportunities
12.63%
—
—
—
—
13.90%
NIFTY 500 Index
−1.07%
—
—
—
—
−1.12%
Excess over benchmark
13.70%
—
—
—
—
15.02%
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.
Portfolio Details : Where the money actually sits
Stocks
31
P/E ratio
91.40
P/B ratio
11.90
Dividend yield
0.40%
Avg market cap
₹1.85 L Cr
Median market cap
₹29,440 Cr
Asset class
Equity
Allocation
Style box
Sectors
Holdings
Market cap
Large cap
22.76%
Mid cap
13.72%
Small cap
54.95%
Cash & others
8.57%
As on 31 Jul 2026
Fees
Variable
Plan A · Performance Linked
Fixed Management Fee
None
Performance Fee
25% of profit
Hurdle Rate
Above 8%
i
Exit load 3.00% within 1 year, 2.00% within 2 years, 1.00% within 3 years. Lock-in: Nil.
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