Alchemy Capital Management

A SEBI-registered Portfolio Manager with over two decades of experience, focusing on the GARP (Growth at a Reasonable Price) investment philosophy.

[ET NOW @ETNOWlive]

ET NOW Markets Summit 2026

Join Hiren Ved, Director & CIO, Alchemy Capital, as he discusses where smart money is moving and what's next for investors

Tune in to ET NOW on June 12 for the special event

@hirenved @_alchemycapital @PhonePe @HSBCMutualFund #ETNowMarketsSummit2026

[Alchemy Capital Management @_alchemycapital]

@_alokagarwal, Deputy CIO, Alchemy Capital Management, in conversation with @virendraonNifty and @shreyaworld100 of @CNBC_Awaaz, sharing his views on markets and sectoral opportunities.
Alok highlighted that the West Asia conflict and elevated energy prices continue to remain headwinds for India given our high oil import dependence. On the AI capex cycle, he noted that while India's direct participation in hyperscalers, semiconductors and memory chips is limited, the value chain segments such as data centres, power, transformers, HVDC, cables and wires, electrical equipment, and non-ferrous metals, present meaningful opportunity.
On sectors, Alok sees risk-reward improving in banking after two years of sustained FII selling. Non-ferrous metals stand as a structural story driven by AI, electrification, and EVs, while precious metals remain a structural buy. On quick commerce, he believes players are building strong logistics capabilities and steadily capturing a larger share of the consumer profit pool.
Watch the full interview here: https://t.co/VPlJnQFVGG

#alchemycapital #metals #ai

[Alchemy Capital Management @_alchemycapital]

In a recent conversation with @NDTVProfit, @hirenved — Director & CIO, Alchemy Capital Management — shared his views on AI, currency stability, and Indian equities. On AI, he noted that the recent volatility does not necessarily signal a trend reversal, as structural trends are generally tested before they continue. On the rupee, he acknowledged the RBI and government for moving with agility, highlighting the positive signalling this sends to investors. On Indian equities, he believes investors should adopt a bottom-up approach, focusing on earnings growth.
Watch the full video here: https://t.co/sorkJIeRdv

#alchemycapital #hirenved

[Alchemy Capital Management @_alchemycapital]

In the June 2026 edition of Market Views, @hirenved, Director and CIO, Alchemy Capital Management, decodes the key takeaways from the Q4FY26 and full-year FY26 earnings season. He highlights the healthy contribution of the commodity sector and the continued outperformance of mid-cap companies. He also discusses margin trends, the outlook for inflation and commodity prices, and the potential impact of Super El Niño on the economy. On the macro front, he reviews GST collection trends and the sharp rise in EV penetration — across both two-wheelers and four-wheelers — and explores what these trends could mean for investors.

Watch the full video here: https://t.co/w6NCpo8kUO

#alchemycapital #hirenved #marketviews

[Alchemy Capital Management @_alchemycapital]

In a conversation with @_prashantnair and @Nigel__DSouza of  @CNBCTV18News, @_alokagarwal, Deputy CIO, Alchemy Capital Management, shared his perspectives on metals and financials.
On the metals space, Alok noted that while ferrous metals present a tactical opportunity, non-ferrous metals — silver, copper, and aluminium — remain simultaneously in deficit, with supply unable to ramp up meaningfully, pointing to an enduring structural theme.
On financials, he observed that capital market plays such as AMCs and exchanges may be better placed than lenders, as household savings are gradually shifting towards equity markets.
#alchemycapital #marketoutlook #metals #financial #sectoraloutlook

Watch the full interview here: https://t.co/aEX681bqU5.

[Alchemy Capital Management @_alchemycapital]

India’s defence sector is steadily reshaping the domestic manufacturing ecosystem, supported by policy measures, rising domestic procurement, and government-backed initiatives. With mandated investments in high-impact defence technologies and increasing localisation, the opportunity landscape is likely to expand, offering a multi-year structural growth runway.
Defence is one of the themes currently being evaluated as part of the investment strategy for Alchemy Long Term Ventures Fund, Series 3.
Disclaimer:
Note: The sectors herein are solely for information purposes and may or may not form part of the client's portfolio.
Alchemy Long Term Ventures Fund, Series 3 is a scheme of Alchemy Alternative Investment Trust, registered with the Securities and Exchange Board of India (SEBI) as a Category III Alternative Investment Fund, vide registration number IN/AIF3/17-18/0381. Alchemy Capital Management Private Limited is registered with SEBI vide registration number INP000000365 as a Portfolio Manager and acts as the Investment Manager to the Trust and the Fund. For complete disclaimer and disclosures, please visit: https://t.co/H2Wc8GKYI3

#alchemycapital #AIF

[Economic Times @EconomicTimes]

The market rewards investors who can see beyond the cycle.
The real edge lies in conviction before consensus.

Joining the ET Alpha Wealth Summit as a speaker:
Hiren Ved Director & CIO, Alchemy Capital Management Pvt Ltd

Be part of a high-conviction conversation on market leadership, long-term alpha, and the future of wealth creation in India.

Limited seats. Curated participation: https://t.co/YDJxvhOEip

@hirenved | @_alchemycapital

#ETAlphaWealthSummit #HirenVed #AlchemyCapital #AlphaInvesting #WealthCreation #CapitalMarkets

[Alchemy Capital Management @_alchemycapital]

In a conversation with @LovishaDarad of @moneycontrolcom, @_alokagarwal, Deputy CIO, Alchemy Capital Management, highlighted that while global uncertainties and the war-led rise in crude prices continue to pressure markets, India’s valuation premium versus emerging markets appears to be normalising, with risk-reward turning favourable and valuations becoming relatively reasonable from a long-term perspective. He noted that sectors such as capital goods, metals & mining, and non-lending financial services are witnessing strong earnings momentum. Alok also added that any government measures aimed at attracting foreign capital could support markets going ahead.
Watch the full video here: https://t.co/B9bG5OR7nI

#alchemycapital #crude #metals

[Alchemy Capital Management @_alchemycapital]

In a recent episode of Finance With Sharan, @_alokagarwal, Deputy CIO at Alchemy Capital Management, joined @financewsharan for a conversation spanning compounding, sector allocation, risk-reward evaluation and more. Alok touched upon Alchemy High Growth's track record as a testament to a disciplined approach and staying invested through market cycles. He highlighted opportunities in metals, capital markets, power, and defence as sectors driven by structural tailwinds, and unpacked the "picks and shovels" opportunity emerging from the AI infrastructure buildout.
Watch the full conversation here: https://t.co/r8LIR9PCqO

#alchemycapital #alokagarwal #alchemyhighgrowth

Alchemy Capital Management Pvt. Ltd. is registered as a Portfolio Manager with the Securities and Exchange Board of India vide registration number INP000000365.

[Alchemy Capital Management @_alchemycapital]

In a recent edition of @ETMarkets PMS Talk, @_alokagarwal, Deputy CIO at Alchemy Capital Management, shared his views with @kshanand of ET Markets on the philosophy behind high-conviction investing and long-term wealth creation. He shared that a ₹1 crore investment in Alchemy High Growth at inception in May 2002 would have grown to ₹85 crore by April 2026^, highlighting the impact of disciplined, benchmark-agnostic investing across market cycles. Alok remains constructive on sectors such as metals & mining, capital markets, defence, power, and PSU banks, driven by structural tailwinds including financialisation, infrastructure growth, and rising geopolitical tensions.
Click here to read the full interview: https://t.co/zDkEmx117P

^Past performance is not indicative of future performance.

#alchemycapital #alokagarwal #alchemyhighgrowth

[Alchemy Capital Management @_alchemycapital]

In the May 2026 edition of Market Views, @hirenved, Director and CIO, Alchemy Capital Management, highlights improving Q4FY26 earnings, record GST collections, and the resilience in India's EV and power sectors, despite rising crude oil prices and global uncertainty. He also explains what recent market movements are signalling about the next phase of sector leadership in India.
Watch the full video here: https://t.co/JQRr8lfDjX

#alchemycapital #hirenved #marketviews

[Alchemy Capital Management @_alchemycapital]

𝟮𝟰 𝗬𝗲𝗮𝗿𝘀. 𝗦𝘁𝗶𝗹𝗹 𝗖𝗼𝗺𝗽𝗼𝘂𝗻𝗱𝗶𝗻𝗴.
𝗔𝗹𝗰𝗵𝗲𝗺𝘆 𝗛𝗶𝗴𝗵 𝗚𝗿𝗼𝘄𝘁𝗵 — 𝗛𝗶𝗴𝗵-𝗖𝗼𝗻𝘃𝗶𝗰𝘁𝗶𝗼𝗻 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼. 𝗕𝗲𝗻𝗰𝗵𝗺𝗮𝗿𝗸 𝗔𝗴𝗻𝗼𝘀𝘁𝗶𝗰. 𝗗𝗶𝘀𝗰𝗶𝗽𝗹𝗶𝗻𝗲𝗱 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵.
Our first and longest-running PMS strategy, recognised among the top 10 PMS strategies in India for FY26.
None of this would have happened without the people who believed in the process, across every market cycle, every chapter of this journey.
To every client and partner who placed their trust in us, we are deeply grateful.

#alchemycapital #alchemyhighgrowth #24Years #PMS

[Alchemy Capital Management @_alchemycapital]

@_alokagarwal, Head-Quant & Fund Manager at Alchemy Capital Management, in conversation with @_anujsinghal and @shreyaworld100 on @CNBC_Awaaz, shares his views on the current market outlook and sectors amid ongoing geopolitical tensions. Alok remains structurally positive on Capital Markets, backed by India's shift from savings and fixed deposits to SIPs — a long-term tailwind for exchanges, AMCs, wealth managers, and brokers. On Defence, rising geopolitical risk globally makes it a high-conviction theme, with worldwide defence spending potentially increasing from current levels. Power and Metals stand out as India's direct plays on the global AI capex wave, with Data Centres adding further momentum — reinforced by the government's 10-year tax holiday for the segment.
Watch the full video here: https://t.co/607wdSD9B0

#alchemycapital #capitalmarkets #geopoliticaltensions

Alchemy Capital Management Pvt. Ltd. is registered as a Portfolio Manager with the Securities and Exchange Board of India vide registration number INP000000365.

[Alchemy Capital Management @_alchemycapital]

In a conversation with @hershsayta on @ETNOWlive, @_alokagarwal, Head-Quant & Fund Manager, noted that rising crude prices may pose near-term headwinds for inflation and earnings.
He remains constructive on India, highlighting opportunities in metals & mining, capital markets, power infrastructure, and defence.
Watch the full interview here: https://t.co/lwqvjA6TLG

#alchemycapital #crudeoil #metals

[Alchemy Capital Management @_alchemycapital]

@hirenved, Director and CIO at Alchemy Capital Management, in conversation with @niraj_shah, @TamannaInamdar, @alexandermats and @Heeraal of @NDTVProfit, believes the recent phase may have marked peak pessimism—triggered by geopolitical tensions and heavy FII selling.
He shares how disruptions ​tend to see the bulk of market correction happen early, as fear and uncertainty get priced in. He highlights how these periods may create meaningful opportunities, where sector- and company-level differentiation could be key.
Watch the full video here: https://t.co/P9VSHQIy9O

#alchemycapital #hirenved

[Alchemy Capital Management @_alchemycapital]

Watch @hirenved, Director and CIO, Alchemy Capital Management, in a candid conversation with @nikunjdalmia on @thebroadview_.   Reflecting on decades of experience, the discussion spans key learnings, market cycles, and the importance of staying anchored to fundamentals such as disciplined execution, growth visibility, and prudent risk management.
Watch the full podcast here: https://t.co/D7LETqqiMS

#alchemycapital #hirenved #nikunjdalmia