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Long-Term Thinking. Enduring Wealth.

Disciplined Investing. Strong Returns.

The Alchemy Advantage

Alchemy Capital Management has earned the trust of investors in Indian equities with consistent performance over two decades. Founded in 1999 as one of the early pioneers of Portfolio Management Services in India, the firm today advises on USD 1.2 billion in group assets for more than 3,400 clients.

Alchemy’s investment approach is led by seasoned market practitioners and anchored in bottom-up research, disciplined portfolio construction, and a Growth at Reasonable Price philosophy. Blending experience, analytical depth, and investment discipline, the firm navigates market cycles with a steady focus on long-term value creation.

LEADERSHIP TEAM

2

Decades of Experience

15+

Areas of Expertise

1.2 BN

USD under AUA

3364

Clients Worldwide

Investment Strategies

Every portfolio reflects a mindful approach: thoughtful capital allocation, measured judgement and consistent oversight. Our strategies are offered through two institutional structures. The framework differs. The stewardship remains constant.

Hands representing long-term stewardship

PORTFOLIO MANAGEMENT SERVICES

ALTERNATIVE INVESTMENT FUNDS
Category III

Our Investment
Philosophy

Our GARP (Growth at a Reasonable Price) approach focuses on identifying companies that deliver sustainable growth without paying excessive valuations. These are the pillars it rests on.

EXPLORE THE PROCESS

Our GARP (Growth at a Reasonable Price) approach focuses on identifying companies that deliver sustainable growth without paying excessive valuations. These are the pillars it rests on.

Investment philosophy visual
1

Growth. Priced Right

Focus on companies with strong earnings growth prospects trading at reasonable valuations. Expected growth must justify the current price. Earnings growth, return ratios, and valuation multiples are assessed to avoid overpricing.

2

Built To Compound

Preference for businesses with steady, multi-year earnings expansion. Typically backed by competitive advantages, scalable models, and strong balance sheets. Consistency in earnings reduces volatility and supports long-term compounding.

3

Disciplined Portfolio Construction

Avoidance of stocks with excessive valuations and built-in optimism. High valuations carry correction risk if growth moderates. Reasonable pricing relative to earnings growth helps limit downside while capturing long-term opportunities.

MARKET
VIEWS

A Structured View of the Markets

VIEW ALL INSIGHTS
DEC 2025 Portrait for the December 2025 market views video
DEC 2025 NOV 2025 OCT 2025 SEP 2025 AUG 2025 JUL 2025 JUN 2025

IN THE
NEWS

Research That Earns Recognition

VIEW ALL MEDIA
24 Nov 2025

Domestic Triggers, U.S. India Trade Deal & Unlisted Spaces

Read Article
24 Oct 2025

Alok Agarwal remains positive on sectors with structural growth visibility

Watch Video
24 Sep 2025

Hiren Ved on the Indian market - appears well positioned for a potential upswing

Watch Video

THOUGHT
LEADERSHIP

Superlative asset management

READ ALL ARTICLES
FEB 2026

India as a Manufacturing Partner to the World

India as a Manufacturing Partner to the World article image
FEB 2026

An Approach to Reckon With, in a Fast-Changing World

Fast-changing world article image
NOV 2025

Cosmic Beginnings to Geopolitical Powerhouse

Geopolitical powerhouse article image

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FAQ’S

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What is the minimum investment size to open a PMS account with Alchemy?

Gold’s radiance has charmed civilisations for thousands of years, embodying wealth, stability, and prestige across cultures. As a cornerstone of economies and a strategic asset in global politics, its significance remains unparalleled today,

Are investors required to open new demat accounts for a PMS?

Gold’s radiance has charmed civilisations for thousands of years, embodying wealth, stability, and prestige across cultures. As a cornerstone of economies and a strategic asset in global politics, its significance remains unparalleled today,

What is PMS (Portfolio Management Service)?

Gold’s radiance has charmed civilisations for thousands of years, embodying wealth, stability, and prestige across cultures. As a cornerstone of economies and a strategic asset in global politics, its significance remains unparalleled today,

What is the difference between PMS and AIF?

Gold’s radiance has charmed civilisations for thousands of years, embodying wealth, stability, and prestige across cultures. As a cornerstone of economies and a strategic asset in global politics, its significance remains unparalleled today,

What is the investment philosophy of Alchemy Capital Management?

Gold’s radiance has charmed civilisations for thousands of years, embodying wealth, stability, and prestige across cultures. As a cornerstone of economies and a strategic asset in global politics, its significance remains unparalleled today,