Flexicap Growth Opportunities Fund

Returns

After expenses, before tax, as Eternalis Capital Trust reports them, to 31 Aug 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

Equity

Benchmark

NIFTY 500

Fund manager

Sharad Goenka

Investment approach

The Dual Prism applies two lenses sequentially. The debt underwriting lens — built on Rs. 5 lakh crore of institutional lending — eliminates businesses likely to destroy capital: those with weak balance sheets, stressed cash flows, or fragile business models. The equity lens then identifies the best return opportunities from this cleaner universe, delivering a portfolio with a fundamentally different risk profile versus conventional equity-only screening.

We bring 25 years of Debt Expertise + 25 years of Equity Expertise + 5,000 company insights — a core USP. Our integrated research combines Fundamental Analysis + Technical Analysis + Statistical Analysis — a structural strength sharpening entry timing and position sizing. The outcome is a diversified, high-conviction portfolio designed to deliver superior risk-adjusted returns across market cycles.

About the fund manager

Mr. Sharad Goenka — Fund Manager

Sharad Goenka (Founder & CIO) is a Chartered Accountant (All India Rank) and CFA (USA) with over 25 years of experience across debt and equity markets. He has completed executive leadership and strategic management programs from IIM Ahmedabad and ISB, bringing a rare convergence of institutional credit depth and equity investing — two parallel 25-year careers now unified in an AIF. Drawing on credit underwriting expertise spanning Rs. 5 lakh crore across 5,000 companies — large corporates, mid-sized firms, SMEs, PSUs, NBFCs, and MNCs — he developed the proprietary “Dual Prism” investment framework. This approach screens companies first through a debt lens and then an equity lens, delivering a structurally superior risk–reward profile. The framework has been independently validated by Anand Rathi Wealth through NSDL data: April 2020 to December 2025 portfolio CAGR of 25.2%, Jensen’s Alpha of 5.6%, and Up/Down Capture Ratio of 110%. On the debt and banking side, Mr. Goenka has held leadership roles in corporate banking, treasury, credit underwriting, structured finance, and product development at HDFC Bank (15 years), HSBC (6 years), and Citibank (4 years). His institutional-grade credit discipline now forms the bedrock of Eternalis investment process.

As the fund house describes it.