- Category
- III
- Strategy
- Long-only
- Fund house
- Alchemy Capital Management
Emerging Leaders of Tomorrow
+23.44%
1-year return, after expenses, before tax
Benchmark NIFTY 500 & Debt Composite Index · data as of 30 Sep 2026
Emerging Leaders of Tomorrow, a Category III long-only AIF from Alchemy Capital Management, returned 23.44% (after expenses, before tax) in the year to 30 Sep 2026. It began on 3 Oct 2022 and manages ₹1,471 crore.
Key numbers
- AUM
- ₹1,471 Cr
- Benchmark
- NIFTY 500 & Debt Composite Index
- Launched
- 3 Oct 2022
- Min. investment
- ₹1 crore
- Returns basis
- After expenses, before tax
Returns
| Period | This fund | NIFTY 500 & Debt Composite Index |
|---|---|---|
| 1 month | −5.05% | −5.44% |
| 3 months | +1.47% | −2.19% |
| 6 months | +35.32% | +16.61% |
| 1 year | +23.44% | +3.32% |
| 2 years | +7.71% | −2.87% |
| 3 years | +21.65% | +12.32% |
| Since inception | +20.71% | +16.41% |
After expenses, before tax, as Alchemy Capital Management reports them, to 30 Sep 2026. AIFs report returns on different bases, so compare like with like.
Fund details
- Category
- Category III
- Strategy
- Long-only
- Market-cap style
- Multi / flexi cap
- Asset type
- —
- Benchmark
- NIFTY 500 & Debt Composite Index
- Fund manager
- —
Investment approach
The investment objective of the Fund is to carry on the activities of a category III AIF as permissible under the AIF Regulations and generate long-term capital appreciation by investing in such opportunities including investing in, (i) listed Indian equities comprising of Largecap stocks and about 65% in Mid and Small cap, and(ii) about 10% in IPO opportunities or any other instruments allowed under Applicable Laws. It is hereby clarified that the investment allocations provided above are indicative and may vary as determined by the Investment Manager in the best interests of the Contributors.
The investment objective of the Fund is to carry on the activities of a category III AIF as permissible under the AIF Regulations and generate long-term capital appreciation by investing in such opportunities including investing in, (i) listed Indian equities comprising of Largecap stocks and about 65% in Mid and Small cap, and(ii) about 10% in IPO opportunities or any other instruments allowed under Applicable Laws. It is hereby clarified that the investment allocations provided above are indicative and may vary as determined by the Investment Manager in the best interests of the Contributors.
About the fund manager
Mr. Hiren Ved — Co-Founder & CIO
Hiren Ved, an equity market veteran, serves as the Whole-Time Director, and CIO at Alchemy Capital Management where he has been leading the firm’s Asset Management business. With over 30 years of experience in the Indian equities market, Hiren has developed a sustainable long-term investment philosophy based on fundamental research. He is known for his deep sector knowledge, bottom-up research skills and stock picking abilities. Hiren manages and advises funds over USD 931 million (as on June 30, 2023) across domestic PMS and offshore institutional mandates for Alchemy Capital. He holds a graduate degree in Accounting from Mumbai University and a post-graduation in Management & Cost Accounting from The Institute of Cost Accountants of India.
Ms Mythili Balakrishnan — Co Fund Manager
Mythili has over 19 years of experience in Finance and Markets, primarily in equity research and fund management. Prior to joining Alchemy, she was working with New Mark Capital as midcap analyst. Previously, she has also worked with Motilal Oswal AMC, Avendus PE and JP Morgan in similar roles. Academically, she holds a B.E (Electronics and Communications) degree from Delhi College of Engineering and diploma in management from IIM Ahmedabad. She is a CFA charter holder.
As the fund house describes it.
FAQs
What has Emerging Leaders of Tomorrow returned?
23.44% (1-year return) to 30 Sep 2026, after expenses, before tax, as Alchemy Capital Management reports it. 1 month: −5.05%; 3 months: 1.47%; 6 months: 35.32%; 1 year: 23.44%; 2 years: 7.71%; 3 years: 21.65%; Since inception: 20.71%.
What kind of AIF is Emerging Leaders of Tomorrow?
A Category III AIF following a long-only strategy, with a multi / flexi cap style. Category III AIFs trade listed and unlisted securities and may use leverage and derivatives, including short positions.
How much does Emerging Leaders of Tomorrow manage?
₹1,471 crore as of 30 Sep 2026.
What is the minimum investment in an AIF?
SEBI sets the minimum at ₹1 crore per investor (₹25 lakh for the fund’s own employees and directors). Emerging Leaders of Tomorrow’s stated minimum is ₹1 crore.
Who manages Emerging Leaders of Tomorrow?
Alchemy Capital Management runs it.
How are AIF returns reported?
Each fund house reports its own returns on its own basis: Emerging Leaders of Tomorrow’s are after expenses, before tax. Bases differ from fund to fund, so compare like with like.
For information only. Not investment advice or a research report. Past performance does not guarantee future returns. AIF investments carry higher minimums and risks; read the private placement memorandum.
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