Alchemy High Growth, a portfolio management service strategy by Alchemy Capital, has completed 23 years, delivering a strong CAGR of 19.9% since inception in May 2002, compared to 17.0% for the BSE 500 TRI. This long-term outperformance reflects the strategy’s core philosophy of “Growth at Reasonable Price,” driven by deep fundamental research and bottom-up stock picking. The portfolio typically consists of up to 25 high-conviction stocks, selected from a carefully filtered universe of around 500 companies that meet stringent parameters for return on equity, governance, and business scalability.

A key highlight of this journey: Rs 1 crore invested in the strategy at inception would have grown to over Rs 60.5 crore by February 2025, showcasing the compounding effect of disciplined investing. Despite recent short-term volatility, the strategy has outperformed in 15 of the last 23 calendar years and generated a net annualised alpha of +275 basis points.

The team’s structured investment process includes regular reviews, valuation discipline, and timely exits when an investment thesis doesn’t play out. 

For investors seeking long-term wealth creation through a high-risk equity approach, Alchemy High Growth could present a compelling, research-driven proposition.