Investing at the Turning Points of
India's Growth Cycles
Growth, in India, manifests through alternating phases of structural compounding and cyclical recovery.
Traditional investment approaches that focus exclusively on either; risk misallocating capital across these phases.
Equirus adopts a dual-engine investment doctrine that integrates:
• Structural earnings compounding
• Cyclical return acceleration
This approach seeks to align capital with the evolving rhythm of India's economic development.
17.12% CAGR
Since Inception (Oct 2016)
₹ 338+ Cr
Combined AUM
The Equirus Structural Compounding withCycle Boost (SCCB) Framework
Long-Duration Growth
- Long duration growth businesses
- Secular demand drivers
- Scalable economics
- Market share compounding
Risk Architecture Foundation
Stability
Diversification
Downside Control
Growth Cycles
- Sector-cycle opportunities
- Capital cycle inflection
- Earnings recovery phases
- Valuation dislocation
Valuation Discipline
Prudent valuations across market cycles
Alpha Generation
Focus on less-tracked entities with strong growth potential
Earnings-Led
Sustained earnings growth drives superior returns
Resilience + Returns
Balance of defensive quality with return potential
Why is Our Approach ‘Made for India’?
India's economic expansion is characterised by:
Uneven sectoral growth trajectories
Periodic policy-driven demand shifts
Capital and credit cycle volatility
Structural formalisation trends
A dual-engine investment approach is therefore essential to capture the breadth of opportunity across the economy.
How We Behave in Different Cycles
Cycle discipline is what differentiates long-term compounding from episodic returns. Our behaviour adapts to the regime — but our principles do not.
During Euphoria
We Trim Excess
We reduce exposure where valuations detach from earnings reality.
During Corrections
We Deploy with Conviction
We add to high-conviction ideas where mean-reversion probability increases.
During Slowdowns
We Prioritise Quality
Balance sheets, cash flows and capital efficiency take centre stage.
During Liquidity Stress
We Preserve Capital
Capital preservation takes precedence over chasing opportunities.
Products, Performance & Risk
Clear, comprehensive disclosures so investors can evaluate outcomes and risk on the same terms we do.
Disclosures
We disclose
Rolling returns
Benchmark comparison
Risk-adjusted returns
Drawdown metrics
Risks
Risk Metrics
Standard deviation
Maximum drawdown
Beta
Sector exposure trends
Risk Evaluation Framework
Our risk management is embedded in the investment process itself — starting from business selection and maintained through disciplined research and exit practices.
Business-Level Risk Management
Risk management begins at the level of business selection, not portfolio construction. The focus is on avoiding permanent loss of capital by investing in companies with strong earnings visibility, robust cash flow conversion, and disciplined capital allocation.
What We Deliberately Avoid
The strategy avoids macro forecasting, sector rotation, and cash calls — recognising that these are difficult to execute consistently. Instead, risk is managed through deep fundamental research.
Deep Fundamental Research
Risk is managed through management interactions, channel checks, and cross-verification of business assumptions rather than relying on external market cues.
Calculated Risk-Taking
A willingness to take well-researched and calculated risks by investing in under-owned and relatively ignored companies, where market inefficiencies can be meaningfully exploited.
Strict Exit Discipline
Capital is reallocated when the investment thesis weakens, earnings trajectory deteriorates, or superior risk-reward opportunities emerge.
Product Details
Equirus FlexiCap Fund
AUM
₹76 Cr
as of 31 Mar 2026
A multi-cap, sector-agnostic strategy built on the SCCB methodology — combining Structural Compounding with Cyclical Boosts to drive long-term capital appreciation.
Equirus Long Horizon Fund
AUM
₹262 Cr
as of 31 Mar 2026
A disciplined, earnings-led long-term strategy focused on businesses with strong growth visibility, robust cash flows, and high incremental return on capital.
Meet the Team
Driven by best-in-class leadership guided by core values of client centricity, integrity & trust.
Awards & Recognition
Our PMS has a client retention ratio exceeding ~95% for past 3 successive years.
Best PMS on 5 Year Performance Across All Categories (RANK 1)
Best PMS on 3 Year Performance Mid & Small Cap Category (RANK 1)
Best PMS on 3 Year Performance Mid & Small Cap Category (RANK 2)
5 Star Rating on Small & Mid Cap by pmsbazaar FY 20-21
5 Star Rating on Small & Mid Cap by pmsbazaar FY 20-21
3 Star Rating on Small & Mid Cap by pmsbazaar FY 21-22
3 Star Rating on Small & Mid Cap by pmsbazaar FY 21-22
Best PMS in mid & small cap category (Rank 2) & Best PMS across all categories (Rank 1)
If you seek disciplined, cycle-aware public market participation
Begin a conversation tailored to your goals, horizon and risk profile.
We start by understanding your:
Investment horizon
Short, medium or long term goals
Risk tolerance
Comfort with volatility and drawdowns
Existing allocation
Current holdings and exposures
Preferred date & time
When we should connect with you
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