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Fundamentals · Pure Equity

Agile Strategy

A fundamental, rules-led equity strategy designed for investors who value a focused, actively managed portfolio focused on small and mid caps, modified with agility as market conditions change.

UniverseMulticap Indian Equities

BenchmarkBSE 500 TRI

Holdings25–30 positions

Min. Investment₹50 Lakhs

Featured in Moneycontrol · 17 Jul 2026

"Source: PMS Bazaar · " View performance ↓

Investment Philosophy

Rules over instinct

Every stock decision follows a defined framework: market position, growth quality, governance and simplicity of the thesis. Nothing enters the portfolio on conviction alone.

Market leadership

Buy companies with significant and/or rising market share.

Sustainable growth

Bias toward businesses showing durable, structural growth.

Governance first

Avoid companies with questionable corporate governance.

Simple to understand

Prefer companies with easy-to-understand business models.

Built to adapt

Modify the portfolio with agility — churn is not a bad word here.

Research Framework

What we assess before buying

Four lenses, applied to every stock before it enters the portfolio.

Market

Sector Landscape

Market size and structure, position in the value chain, growth drivers and cyclicality.

Quality

Business Quality

Product mix, competitive strength, management pedigree and financial reporting quality.

Timing

Catalysts & Timing

Near-term earnings triggers and sectoral tailwinds.

Value

Valuation Discipline

A business-appropriate valuation framework incorporating different scenarios, and peer benchmarking.

Investment Process

How a stock enters and exits the portfolio

Disciplined stock selection, portfolio construction, and exits guided by fundamentals and risk.

Entry · Idea to Investment

Idea Generation, Selection & Portfolio Construction

Analyse multiple factors to identify historical cause-effect relationships

Spot market, sectoral, and stock-specific inflection points

Screen for sector leaders with strong earnings growth, cash generation, and low debt

Favour ethical management and rising promoter/institutional stake

Set sector limits and risk-defined position sizing

Exit · When we sell

Exit Position

Adverse change in fundamentals — structural hit to growth or margins

A red flag hit in the risk management process

A better stock, per portfolio needs, is discovered

Risk Management

Discipline at every level

Stock level

Position-by-position discipline

Avoid illiquid stocks to enable smooth entry and exit

Avoid stocks that are highly overvalued or extended

Exit where key shareholders are significantly reducing stake

Act early — before small downside turns big

Size each position based on defined risk parameters

Portfolio level

Managing total portfolio risk

Maintain sectoral caps

Control total portfolio risk to limit drawdown

Run attribution analysis to identify sources of out/underperformance

Stagger portfolio building to reduce short-term market impact

Customise allocations so risk stays appropriate through market highs and lows

Track Record

Performance

Net of management fees and all applicable expenses.

Live PMS Performance

Initiated 3 May 2024 · As of 31st Jul 2026

Period	Strategy	BSE 500 TRI
3 Months	15.87%	3.86%
6 Months	23.62%	1.44%
1 Year	21.43%	4.72%
2 Years (CAGR)	4.76%	-0.11%
3 Years (CAGR)	14.56%	12.09%
Since Inception*	16.17%	12.24%

*CAGR, May 2024 onwards. Past performance is not indicative of future results.

Past Performance (aUDITED) — RIA Period

Feb 2020 – Mar 2023 · Investment Advisory license, in the name of Vinay Arya

34.9%CAGR, Feb 2020–Mar 2023

84%FY21 return

57%FY22 return

RIALicense type prior to SEBI PMS registration

Returns computed after deduction of all portfolio-related expenses, except management fees. Returns have not been verified by SEBI.

Investor Suitability

Suitable for investors who

Want a fundamentals-led, actively managed portfolio of 25–30 Indian equities

Are comfortable with portfolio churn as positions are added or exited based on the process

Value direct ownership of stocks in their own demat account, not a pooled fund

Have a full market-cycle horizon (3–5+ years)

Are comfortable with interim volatility in pursuit of long-term capital growth

Fund Manager

Who manages this strategy

Vinay Arya

Founder & Fund Manager · Agile Strategy

B.Com (Hons.), SRCC. Chartered Accountant (All India Rank Holder). Company Secretary. MBA, FMS Delhi. 12+ years across investment research and financial markets — including a senior analyst role at Bowhead (India Focused FII) and equity analyst at hedge fund in Singapore.

Interested in the Agile Strategy?

Walk through the philosophy, the process, and whether it fits your goals.

Get in Touch →

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