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Baasava Hathiwala
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Mid & Small Cap Limited track record

Alchemy Capital Management

Alchemy Alpha Small Cap

Portfolio manager
Hiren Ved
Benchmark
Not publicly available
Minimum investment
Rs 50 lakh (SEBI minimum)
Inception
Not publicly available

Performance

As of 31 August 2026
+21.75%
+6.63%
+18.46%
1Y Absolute
2Y CAGR
S.I. CAGR

Absolute return

  • 1 Year+21.75%

Annualised (CAGR)

  • 2 Year+6.63%
  • 3 YearN/A
  • 5 YearN/A
  • Since inception+18.46%
Source: PMS AIF World · As of 31 August 2026. Returns ≤1 year are absolute; multi-year returns are annualised (CAGR). Past performance is not indicative of future results.

Our analysis

Alchemy Alpha Small Cap is a Mid & Small Cap portfolio management service offered by Alchemy Capital Management, managed by Hiren Ved. Verified multi-year performance for this strategy is not publicly available in our current dataset. Like all PMS products in India, it requires a minimum investment of ₹50 lakh and carries the market risk of a concentrated equity portfolio.

Consistency

Across the 3 return periods we track, 3 are positive. Its strongest reading is the 1-year figure (+21.75%) and its weakest is the 2-year figure (+6.63%).

Who it typically suits

Mid & Small Cap strategies like this one generally suit investors with a longer horizon and a higher tolerance for volatility, since mid and small companies can swing sharply in both directions.

Fund manager

Hiren Ved

Co-Founder, Director & Chief Investment Officer

Experience
30+ years in Indian equity markets
Previously
Alchemy Capital (co-founder)
Investment philosophy
Growth investing in scalable, well-run businesses.

Investment approach

Growth-oriented investing in businesses with strong, scalable earnings and capable managements.

Risk information

Equity PMS strategies carry market risk and can be volatile; concentrated and mid/small-cap portfolios more so. Maximum drawdown and other risk statistics are not publicly available in this dataset — refer to the strategy's disclosure document.

Frequently asked questions

Who manages the Alchemy Alpha Small Cap?

The strategy is managed by Hiren Ved at Alchemy Capital Management.

What is the minimum investment for Alchemy Alpha Small Cap?

SEBI mandates a minimum investment of ₹50 lakh for any Portfolio Management Service in India, and this strategy is no exception (the firm states: Rs 50 lakh (SEBI minimum)).

Is Alchemy Alpha Small Cap suitable for me?

Mid & Small Cap strategies like this one generally suit investors with a longer horizon and a higher tolerance for volatility, since mid and small companies can swing sharply in both directions. Whether it fits your specific goals, horizon and risk appetite is a personal decision — consider speaking to a SEBI-registered adviser or distributor before investing.

Important disclosures

Past performance is not indicative of future results. PMS investments are subject to market risks. Performance data is provided for informational purposes and should not be construed as investment advice or a recommendation to invest. Investors should review the relevant PMS disclosure documents and consult an appropriately qualified professional before making investment decisions.

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