Affluense AI AFFLUENSE

Emerging Star Fund

Composite Investments Pvt Ltd
PMS Small & Mid Cap
Benchmark
S&P BSE 500 TRI
Inception Date
6 May 2019
Min. Investment
₹50,00,000
SIP Available
No
STP Available
No

Investment Strategy

Investment Approach

Invest in businesses demonstrating market dominance, under the guidance of exceptional leadership teams, and characterized by robust shareholder-centric policies.

Investment Objective

This fund seeks to achieve sustained capital growth over the long term. Its investment strategy centers on a concentrated selection of mid and small-cap enterprises demonstrating market leadership, robust governance by experienced management teams, and a commitment to investor-aligned principles.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH -0.72% -0.24% -0.48%
3 MONTHS 2.33% 5.02% -2.69%
6 MONTHS -3.07% 1.63% -4.70%
1 YEAR -8.16% 7.63% -15.79%
2 YEAR 11.31% 11.53% -0.22%
3 YEAR 19.98% 16.22% 3.76%
5 YEAR 19.65% 16.70% 2.95%
SINCE INCEPTION 19.24% 16.08% 3.16%

Calendar Year Performance

Year Return
CY 2025 -8.16%
CY 2024 36.48%
CY 2023 38.22%
CY 2022 -8.64%
CY 2021 56.52%
CY 2020 16.44%
CY 2019 12.23%

Financial Year Performance

Year Return
FY 26_YTD 6.97%
FY 25 24.00%
FY 24 37.17%
FY 23 -7.97%
FY 22 37.67%
FY 21 69.86%
FY 20 -16.90%

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

Fund Managers

Vinod Jayaram

Fund Manager, PMS

Vinod's investment focus is on publicly traded Indian mid and small-cap enterprises. He actively seeks out businesses demonstrating consistent, incremental progress that fosters sustainable growth and compounding positive outcomes, akin to a self-accelerating flywheel effect. Previously, he was associated with Novastar Funds, a top-performing small and mid-cap fund, between 2010 and 2015. Notably, the fund attracted investment from the family of a Berkshire Hathaway board member during this period. Vinod holds a PGDM from IIM Lucknow and a B.Com (Hons) from Sri Satya Sai University. His personal interests include Crossfit, Vipassana meditation, running, and reading.

Portfolio Details

Portfolio Composition

Large Cap
30.16%
Mid Cap
12.01%
Small Cap
55.80%
Cash & Equivalent
2.02%

Top 5 Holdings

  • Windlas Biotech Limited 7.07%
  • Multi Commodity Exchange of India Ltd 6.47%
  • Thyrocare Technologies Limited 4.86%
  • Apollo Hospitals Enterprises Ltd. 4.59%
  • Nuvama Wealth Management Limited 4.37%

Top 5 Sectors

  • Financial Services 37.90%
  • Healthcare 28.13%
  • Consumer Durables 9.35%
  • Capital Goods 4.72%
  • Oil, Gas & Consumable Fuels 3.90%

Portfolio Characteristics

total number of stocks
48
top 5 stocks percent
27.36%
top 5 sectors percent
84.00%
average market cap
N/A
portfolio age
6 Yrs, 7 Months
sip
Not Available
stp
Not Available

Fee Structure

Fixed Fee

AMC: 1%

Variable Fee

AMC: No Option

Hurdle: 10.00%

Profit Sharing: 20% Profit Sharing over 10% 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)