- Category
- III
- Strategy
- Long-only
- Fund house
- Two X Capital Investment Trust
Two X Capital Exponential Opportunities Fund
+22.90%
6-month return, gross of fees
Benchmark NIFTY 500 · data as of 31 Aug 2026
Two X Capital Exponential Opportunities Fund, a Category III long-only AIF from Two X Capital Investment Trust, returned 22.90% (gross of fees) over six months to 31 Aug 2026. It began on 15 Dec 2025.
Key numbers
- AUM
- —
- Benchmark
- NIFTY 500
- Launched
- 15 Dec 2025
- Min. investment
- ₹1 crore
- Returns basis
- Gross of fees
Returns
| Period | This fund | NIFTY 500 |
|---|---|---|
| 1 month | +8.50% | −0.04% |
| 3 months | +14.60% | +3.50% |
| 6 months | +22.90% | +1.20% |
| Since inception | +23.50% | −1.20% |
Gross of fees, as Two X Capital Investment 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
- Two X Capital Management Private Limited
Market-cap mix
- Large cap19.02%
- Mid cap16.40%
- Small cap61.95%
- Cash2.63%
The five largest holdings are 20.65% of the portfolio.
Investment approach
The Investment Manager adopts a holistic, catalyst-driven investment approach guided by the acronym-based framework [insert acronym name here]. Our experienced leadership team comprises Mr. Ruchir Khare (Former Head of Equities, ICICI Investment Management Company), Mr. Tanmay Khandelwal (Columbia University graduate and U.S. Investing Champion), and Mr. Aryan Khandelwal (Dartmouth College graduate and Former Top Performer at the US Investing Championship).Our fund is built on true alignment of interest, charging 0% management fees and operating on a pure performance-based compensation model—we succeed only when our investors do. We focus on identifying the most compelling opportunities that combine sustainable long-term earnings potential with distinct near-term catalysts. By targeting key events and inflection points that can accelerate value creation across companies and sectors, we aim to deliver superior risk-adjusted returns.
The Investment Manager adopts a holistic, catalyst-driven investment approach guided by the acronym-based framework [insert acronym name here]. Our experienced leadership team comprises Mr. Ruchir Khare (Former Head of Equities, ICICI Investment Management Company), Mr. Tanmay Khandelwal (Columbia University graduate and U.S. Investing Champion), and Mr. Aryan Khandelwal (Dartmouth College graduate and Former Top Performer at the US Investing Championship).Our fund is built on true alignment of interest, charging 0% management fees and operating on a pure performance-based compensation model—we succeed only when our investors do. We focus on identifying the most compelling opportunities that combine sustainable long-term earnings potential with distinct near-term catalysts. By targeting key events and inflection points that can accelerate value creation across companies and sectors, we aim to deliver superior risk-adjusted returns.
About the fund manager
Mr. Ruchir Khare
Mr. Khare is a seasoned markets professional with a long career in asset management and equity research. As the former Head of Equities at ICICI Investment Management Company, he managed millions for private banking clients, including NRIs, corporates and ultra–high-net-worth investors. His investment framework consistently delivered benchmark-beating returns, supported by a disciplined focus on risk and alpha generation. Before joining ICICI, he spent more than a decade at Kotak Securities as Deputy Vice President, Research, where he specialised in mid-caps, capital goods and engineering. His academic background includes a B.Com from Symbiosis College and an MMS from Mumbai University.
As the fund house describes it.
FAQs
What has Two X Capital Exponential Opportunities Fund returned?
22.90% (6-month return) to 31 Aug 2026, gross of fees, as Two X Capital Investment Trust reports it. 1 month: 8.50%; 3 months: 14.60%; 6 months: 22.90%; Since inception: 23.50%.
What kind of AIF is Two X Capital Exponential Opportunities Fund?
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.
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). Two X Capital Exponential Opportunities Fund’s stated minimum is ₹1 crore.
Who manages Two X Capital Exponential Opportunities Fund?
Two X Capital Investment Trust runs it; the fund manager is Two X Capital Management Private Limited.
How are AIF returns reported?
Each fund house reports its own returns on its own basis: Two X Capital Exponential Opportunities Fund’s are gross of fees. 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.
Full disclaimerSee how an AIF fits your plan
Armor checks every holding against your goals, risk and timeline.
Get the app