PMS · Equity · Multi Cap
Maximal Pathfinder Value Fund
Fund size₹199 Cr
Alpha (3Y)3.12%
3Y return15.75%
Fund age4 yrs 3 mo
Fund Manager
Sarvesh Gupta
Sarvesh Gupta
Fund Manager, Maximal
"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 firm 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 being promoted twice in a span of 3 years."
Managing AUM₹249 Cr
Growth of₹Cr
Maximal Pathfinder Value
Returns: How it has done
Scheme / BenchmarkYTD1Y2Y3Y5YSince inception
Maximal Pathfinder Value9.84%14.08%2.50%15.75%—25.14%
Nifty 500−1.02%4.72%−0.10%12.09%—13.80%
Excess over benchmark10.86%9.36%2.60%3.66%—11.34%
Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Aug 2026.
Risk : What you take on to earn the return
Volatility
20.12%
Benchmark approx 14.79%
A standard deviation reflecting historical swings.
Sensitivity
1.13
Beta vs benchmark 1.00 · 13% more reactive
How strongly the scheme moves with the index.
Risk-reward
0.57
Sharpe
Excess return gained per unit of volatility.
Capture ratio
116 / 101
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 −20.35% from its 01 Sep 2024 peak to a 03 Mar 2025 trough, and recovered on 29 Oct 2025 after 240 days.
Max drawdowns
−20.35%
Recovery period
240 days
Scheme Drawdown Trajectory
Drawdown analysisPeakTroughDepthFell overRecoveredRecovery took
Scheme01 Sep 202403 Mar 2025−20.35%183 days29 Oct 2025240 days
Benchmark30 Aug 202428 Feb 2025−18.59%182 days––
Scheme
Peak01 Sep 2024
Trough03 Mar 2025
Depth−20.35%
Fell over183 days
Recovered29 Oct 2025
Recovery took240 days
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 31 Aug 2026
Fees
A fixed plan is cheaper when returns are strong. A performance plan costs less in lean years and shares the upside only when the fund beats a hurdle. Both cost the same at a 16.67% gross return.
FixedPlan A · Simple
Fixed Management Fee2.00% / yr
Performance FeeNone
Hurdle RateNot applicable
VariablePlan B · Shared upside
Fixed Management Fee1.00% / yr
Performance Fee15% of profit
Hurdle RateAbove 10%
Exit load 3.00% within 1 year, 2.00% within 2 years, 1.00% within 3 years. Lock-in: Nil.
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