ETMarkets PMS Talk: How this fund manager gave over 60% return to HNI investors in 1 year using eQGP approach
“If you had invested 50 lakh and added another 61.8% to it, the 50 lakh would have become roughly 81 lakh over this period of one year,” says Alok Agarwal, Head-Quant & Fund Manager, Alchemy Capital.
In an interview with ETMarkets, Agarwal said: “We developed the eQGP framework. The last three letters—Q, G, and P—stand for quality, growth, and price action, respectively” Edited excerpts:
The Alchemy Smart Alpha 250 will be completing its first year in August. Many congratulations on that. Could you take us through the performance of the fund as well?
Alok Agarwal: Alchemy Smart Alpha 250 is a large and mid-cap strategy that invests only in the top 250 stocks by market cap. So, it is essentially a completely large and mid-cap strategy.
It completed one year just a few days ago, and I'm quite happy to report that in its first year, the strategy recorded a 61.8% return net of fees, compared to a benchmark return of close to 35%.
Impressive performance and returns, over 60%. For a user's perspective, how much wealth would investors have generated if they had invested, let's say, 50 lakh in the NFO one year ago?
Alok Agarwal: If you had invested 50 lakh and added another 61.8% to it, the 50 lakh would have become roughly 81 lakh over this period of one year.
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