Alchemy High Growth
789.76 CR AUM
Alchemy High Growth
789.76 CR AUM
alok agarwal
Purpose
Alchemy High Growth is an equity investment strategy focused on long term wealth creation by investing in growth companies through a growth at reasonable price philosophy. The strategy identifies and invests in companies using a combination of top down and bottom up fundamental research with emphasis on businesses that demonstrate strong revenue growth, EBITDA growth, cash flow conversion efficiency and sustainable return on equity. The investment universe begins with about 500 companies based on market capitalisation, governance standards and long term attractiveness, from which an investible universe is created through assessment of financial variables, competitive positioning and management quality. Portfolio construction is concentrated with a typical portfolio of up to about 25 stocks selected from the investible universe after comprehensive valuation analysis using parameters such as price to earnings, price to book, EV to EBITDA and discounted cash flow. The investment process incorporates idea generation through company meetings, sector conferences, channel checks and financial analysis followed by continuous monitoring and periodic review of investment thesis. Illustrative holdings include Multi Commodity Exchange of India Limited, Hindustan Copper Limited, Vedanta Limited, BSE Limited, Jindal Steel Limited, Hindustan Zinc Limited, National Aluminium Company Limited and Muthoot Finance Limited. Sector agnostic. Market cap combination of large cap, mid cap and small cap.
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