Affluense AI AFFLUENSE

Transformative Growth

TCG Advisory Service Pvt Ltd
PMS Small Cap
Benchmark
S&P BSE 500 TRI
Inception Date
11 October 2024
Min. Investment
₹50,00,000
SIP Available
No
STP Available
Yes

Investment Strategy

Investment Approach

The investment strategy focuses on identifying and capitalizing on companies exhibiting non-linear earnings expansion and possessing a "discovery premium" through early-stage investment. This approach involves proactive thesis development and a methodology akin to private equity, aiming for superior multiples on invested capital. Rigorous sectoral analysis and comprehensive company due diligence are foundational to this process.

Investment Objective

The Portfolio Manager's objective is to achieve sustained capital growth through strategic investments in a concentrated portfolio. This strategy primarily focuses on mid-cap and small-cap equities, capitalizing on the potential for significant expansion offered by these companies. At certain junctures, the Client Portfolio may also maintain a substantial allocation to cash and money market instruments or funds as an integral component of the investment approach.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH -1.09% -0.20% -0.89%
3 MONTHS 1.11% 5.00% -3.89%
6 MONTHS -4.02% 1.60% -5.62%
1 YEAR 1.85% 7.60% -5.75%
SINCE INCEPTION 0.57% 1.60% -1.03%

Calendar Year Performance

Year Return
CY 2025 1.85%

Financial Year Performance

Year Return
FY 26_YTD 8.48%

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

Fund Managers

Shahzad Madon

Principal Officer

With over three decades of comprehensive experience in investment management and the broader financial services industry, Shahzad brings a wealth of expertise. His career has encompassed a diverse range of leadership roles, including overseeing equity research functions, managing equity portfolios, and spearheading the growth and administration of both Portfolio Management Services (PMS) and Alternate Investment businesses. Before his tenure at TCG AMC, Shahzad served as the Head of Alternative Investments at Nippon India Asset Management. In this capacity, he played a pivotal role in the introduction of multiple asset classes beyond public equities, such as Real Estate, High Yield Credit, and Venture Capital. Prior to his engagement with Nippon India, Shahzad held the position of Executive Director at ICICI Prudential AMC.

Portfolio Details

Portfolio Composition

Large Cap
0.00%
Mid Cap
5.70%
Small Cap
82.83%
Cash & Equivalent
6.37%

Top 5 Holdings

  • ZF Commercial Vehicle Control Systems India Limited 8.04%
  • Equitas Small Finance Bank Limited 7.82%
  • D.B.Corp Limited 7.52%
  • Intellect Design Arena Limited 7.16%
  • Medi Assist Healthcare Services Limited 6.76%

Top 5 Sectors

  • Financial Services 20.28%
  • Automobile and Auto Components 18.79%
  • Capital Goods 17.06%
  • Media, Entertainment & Publication 7.52%
  • Information Technology 7.16%

Portfolio Characteristics

total number of stocks
N/A
top 5 stocks percent
37.30%
top 5 sectors percent
70.81%
average market cap
N/A
portfolio age
1 Yrs, 2 Months
sip
Not Available
stp
Available

Fee Structure

Fixed Fee

AMC: 2.5%

Variable Fee

AMC: 1.5%

Hurdle: 10%

Profit Sharing: 15%

Exit Load

Year 1: 1%

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)