Affluense AI AFFLUENSE

Long Horizon Fund

Equirus Wealth Pvt Ltd
PMS Small Cap
Benchmark
S&P BSE 500 TRI
Inception Date
20 October 2016
Min. Investment
₹50,00,000
AUM (Cr.)
₹343.48
SIP Available
No
STP Available
Yes

Investment Strategy

Investment Approach

Our investment strategy focuses on identifying and acquiring stakes in high-quality enterprises. We adopt a medium-to-long-term investment horizon of three to five years. By engaging in early-stage business identification, our objective is to maximize capital appreciation while minimizing portfolio volatility.

Investment Objective

The investment strategy focuses on constructing a concentrated portfolio of high-quality Indian equities with long-term investment horizons. Investments are targeted at companies trading at attractive valuations, with the aim of achieving substantial alpha generation relative to the designated benchmark.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH -3.03% -0.24% -2.79%
3 MONTHS 2.48% 5.02% -2.54%
6 MONTHS -2.79% 1.63% -4.42%
1 YEAR -7.34% 7.63% -14.97%
2 YEAR 5.02% 11.65% -6.63%
3 YEAR 16.58% 16.41% 0.17%
5 YEAR 17.30% 16.82% 0.48%
SINCE INCEPTION 19.94% 14.68% 5.26%

Calendar Year Performance

Year Return
CY 2025 -7.34%
CY 2024 19.02%
CY 2023 43.65%
CY 2022 -13.40%
CY 2021 61.82%
CY 2020 61.55%
CY 2019 8.37%
CY 2018 -14.35%
CY 2017 64.31%
CY 2016 -2.55%

Financial Year Performance

Year Return
FY 26_YTD 13.55%
FY 25 0.59%
FY 24 54.93%
FY 23 -14.37%
FY 22 39.91%
FY 21 144.21%
FY 20 -26.79%
FY 19 -3.24%
FY 18 36.76%
FY 17 6.87%

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

Fund Managers

Ashutosh Tiwari

Head of AMC and CIO - Public Markets

Mr. Ashutosh Tiwari leads the Asset Management Company (AMC) and serves as the Chief Investment Officer (CIO) for Public Markets. He is responsible for managing the Equirus Long Horizon Fund and the Equirus Flexi Cap Fund. With over two decades of professional experience, Mr. Tiwari brings 16.5 years of dedicated expertise in the securities market. Previously, he held significant leadership positions at Equirus Securities Private Limited, including Managing Director & Head of Institutional Equities, Head of Equities for four years, and Head of Research for six years. His early career involved analyzing the Auto and Metals sectors as a Research Analyst. In 2015, he was recognized by the Thomson StarMine Analyst Awards with the No. 1 ranking for Earnings Estimates in the Automobile sector. Mr. Tiwari is distinguished by his contrarian investment philosophy. He commenced his career in the securities market with KR Choksey Shares and Securities. Prior to this, he gained experience as a Mining Engineer at Hindustan Zinc (Vedanta Resources Plc). Mr. Tiwari holds an MBA in Finance and a Bachelor of Technology (B.Tech) in Mining Engineering from the Indian Institute of Technology (BHU), Varanasi.

Portfolio Details

Portfolio Composition

Large Cap
0%
Mid Cap
0%
Small Cap
0%
Cash & Equivalent
0%

Top 5 Holdings

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

Top 5 Sectors

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

Portfolio Characteristics

total number of stocks
16
top 5 stocks percent
N/A
top 5 sectors percent
N/A
average market cap
72125
portfolio age
9 Yrs, 2 Months
sip
Not Available
stp
Available

Fee Structure

Fixed Fee

AMC: 2.5%

Variable Fee

AMC: 1%

Hurdle: 10%

Profit Sharing: 20%

Exit Load

Year 1: 2%

Year 2: 1%

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)