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Special Situations

CapGrow Capital Advisors LLP
PMS Multi Cap & Flexi Cap
Benchmark
S&P BSE 500 TRI
Inception Date
31 October 2018
Min. Investment
₹50,00,000
SIP Available
Yes
STP Available
No

Investment Strategy

Investment Approach

Identifying Undiscovered Investment Potential: Harness the Efficacy of Special Situations Investing. The Special Situations Investment methodology focuses on distinct structural or non-operational corporate events, such as mergers, demergers, spin-offs, buybacks, de-listings, underperforming IPOs, restructurings, and distressed securities, which demonstrably impact a company's valuation or the value of its associated instruments.

Investment Objective

The Special Situations Strategy focuses on identifying and exploiting unique investment prospects that have the potential for superior returns. This strategy involves recognizing and leveraging corporate events and market dislocations. Our expertise encompasses navigating distressed assets, corporate reorganizations, merger arbitrage, and other atypical market situations.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH -1.95% -0.24% -1.71%
3 MONTHS -3.96% 5.02% -8.98%
6 MONTHS -10.51% 1.63% -12.14%
1 YEAR -10.83% 7.63% -18.46%
2 YEAR 5.38% 11.64% -6.26%
3 YEAR 14.59% 16.40% -1.81%
5 YEAR 18.59% 16.82% 1.77%
SINCE INCEPTION 16.23% 16.53% -0.30%

Calendar Year Performance

Year Return
CY 2025 -10.83%
CY 2024 24.56%
CY 2023 35.47%
CY 2022 -5.10%
CY 2021 64.33%
CY 2020 34.15%
CY 2019 -9.14%
CY 2018 2.80%

Financial Year Performance

Year Return
FY 26_YTD 8.30%
FY 25 8.80%
FY 24 41.62%
FY 23 -6.82%
FY 22 36.05%
FY 21 103.46%
FY 20 -36.10%
FY 19 8.60%

Past performance is not indicative of future results. Returns are subject to market risks.

Fund Managers

Arun Malhotra

Founder & CIO

With over three decades of dedicated experience in the capital markets, particularly in equity analysis and investment management, this professional brings a wealth of expertise. Their foundational interest in securities and investment strategies, cultivated from an early age, was further solidified through early career exposure to trading and research at BLB Ltd. and DBS Securities in the initial part of the 1990s. Subsequent to this, they gained valuable buy-side experience with Manning & Napier in New York (2003-2005), managing assets under management (AUM) totalling $26 billion, followed by a tenure at a Mumbai-based US hedge fund (2005-2013) with an AUM of $300 million. Their engagement also extended to providing consultancy services to a European Investment Bank concerning its India operations, alongside direct management of proprietary portfolios in listed equities. The investment strategies employed, emphasizing high-quality stocks and special situations, consistently delivered performance exceeding relevant market benchmarks for both managed and proprietary funds. Academically, they hold an Executive MBA from FMS Delhi (1997-2000) and a full-time MBA from a premier US financial institution in New York (2001-2003).

Portfolio Details

Portfolio Composition

Large Cap
15.14%
Mid Cap
6.35%
Small Cap
76.00%
Cash & Equivalent
0.00%

Top 5 Holdings

  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A

Top 5 Sectors

  • Financial Services 20.06%
  • Capital Goods 9.40%
  • Telecommunication 8.70%
  • Media, Entertainment & Publication 8.46%
  • Consumer Durables 7.87%

Portfolio Characteristics

total number of stocks
N/A
top 5 stocks percent
N/A
top 5 sectors percent
54.49%
average market cap
N/A
portfolio age
7 Yrs, 2 Months
sip
Available
stp
Not Available

Fee Structure

Fixed Fee

AMC: 2.5%

Variable Fee

AMC: No Option

Hurdle: 9%

Profit Sharing: 20% Profit sharing above 9% Hurdle or 30% Profit sharing above 9% Hurdle

Exit Load

Year 1: 0%

Year 2: 0%

Year 3: 0%

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Disclaimer

Returns are as of 2025-12-31. Returns for periods up to one year are not annualized. Returns for periods exceeding one year are annualized. Returns are computed using the Time Weighted Rate of Return (TWRR) methodology and are provided by the respective Asset Management Companies (AMCs). 'ND' denotes 'No Data', and 'NA' denotes 'Not Applicable'. The performance of the respective Benchmark Indices is presented above. Benchmark(s) are as defined in SEBI circular no. SEBI/HO/IMD/IMD-PoD-2/P/CIR/2022/172 dated December 16, 2022, APMI circular no. APMI/2022-23/02 dated March 23, 2023, and Revised Annexure-1.

This page is provided solely for general informational purposes in relation to the strategy and is based on publicly available information. While reasonable care has been taken to ensure accuracy, the information may not reflect the most recent updates.

Nothing on this page constitutes investment, financial, or legal advice. Investment decisions should be made after consulting a qualified advisor and reviewing official scheme documents.

Last Updated: January 2026 · Published by Affluense AI (affluense.ai)