QED Capital - Alphabets PMS: Returns, Portfolio & Fees

PMS · Equity · Mid & Small Cap

QED Capital - Alphabets

Fund size₹21 Cr

Alpha (3Y)6.82%

3Y return13.32%

Fund age5 yrs 4 mo

Fund Manager

Anish Teli

Fund Manager, PMS, QED

Anish has been a successful investor in Indian equity markets for over 15 years. He has worked in senior positions with Private Equity Funds managed by ICICI Venture (AUM over $2 bn) and Morgan Stanley Private Equity Asia (MSPEA) (has invested over $2.6 bn across Asia) for over 10 years. At MSPEA he was a Voting Member of Investment Committee of MSPEA--III -- $1.25 bn third party fund. This committee took decisions on investments across China, India, Korea, Japan and other South East Asian Markets. During this time he continued to evaluate opportunities in the listed equity space also. In 2011 he became an independent investor and focused on listed Indian equity markets. He also conducted research and developed quantitative trading systems and has been using them successfully since 2012. Anish is a rank holding Chartered Accountant and an MBA from the Indian School of Business, Hyderabad.

Managing AUM₹21 Cr

Growth of₹Cr

QED Capital Alphabets

Returns: How it has done

Scheme / Benchmark	YTD	1Y	2Y	3Y	5Y	Since inception
QED Capital Alphabets	5.21%	14.27%	−1.69%	13.32%	10.94%	15.43%
Nifty 500	−1.02%	4.72%	−0.11%	12.09%	10.91%	13.32%
Excess over benchmark	6.23%	9.55%	−1.58%	1.23%	0.03%	2.11%

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

17.36%

Benchmark approx 14.66%

A standard deviation reflecting historical swings.

Sensitivity

0.73

Beta vs benchmark 1.00 · 27% less reactive

How strongly the scheme moves with the index.

Risk-reward

0.70

Sharpe

Excess return gained per unit of volatility.

Capture ratio

88 / 43

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 −26.06% from its 07 Jul 2024 peak to a 07 Apr 2025 trough. It has not yet recovered.

Max drawdowns

−26.06%

Scheme Drawdown Trajectory

Drawdown analysis	Peak	Trough	Depth	Fell over	Recovered	Recovery took
Scheme	07 Jul 2024	07 Apr 2025	−26.06%	274 days	–	–
Benchmark	30 Aug 2024	28 Feb 2025	−18.59%	182 days	–	–

Scheme

Peak07 Jul 2024

Trough07 Apr 2025

Depth−26.06%

Fell over274 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 31 Aug 2026

Portfolio Details : Where the money actually sits

Asset class

Equity

Market cap

Large cap7.17%

Mid cap27.89%

Small cap62.22%

Cash & others2.72%

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.

FixedPlan A · Simple

Fixed Management Fee1.00% / yr

Performance FeeNone

Hurdle RateNot applicable

VariablePlan B · Performance Linked

Fixed Management FeeNone

Performance Fee20% of profit

Hurdle RateAbove 7%

Exit load 3.00% within 1 year, 2.00% within 2 years, 1.00% within 3 years. Lock-in: Nil.

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