Dhyana Capital

Fund nameAsset class – categoryLicence
Dhyana Capital FundEquity – long onlySEBI AIF CAT-3

About

Dhyana Capital (“Fund”) is registered with the Securities and Exchange Board of India (“SEBI”) as a Category III Alternative Investment Fund under the SEBI (Alternative Investment Fund) Regulations, 2012. Dhyana Equity LLP is the investment manager (“Manager”) of the Fund.  Dhyana capital’s registered office is located at D-3/3118 VasantKunj, New Delhi IN-DL IN 110070.

Key staff

Abhimanyu Sangi alone manages the fund and there are no other key people in the Dhanya equity LLP. It is managed by Abhimanyu Sangi Prior to founding Dhyana in 2021; Abhimanyu was a Vice President at Elevation Capital, where he worked for seven years. He has also worked at Fidelity International and McKinsey & Company. He holds an MBA from NYU Stern School of Business and an engineering degree from the University of Delhi. https://www.linkedin.com/in/abhimanyusanghi/

Investment philosophy

Dhyana Capital invests in Indian public companies with a long-term business owner mindset. Funds work is focused on finding companies with the best long-term compounding potential and figuring out what makes them special. 

Dhyana Capital values companies based on what they expect to earn if they hold them forever, not trying to predict what others might pay for them a few months or a couple of years down the road. 

Their portfolio is biased towards smaller sized companies, oftentimes companies that are misunderstood or undiscovered at the time they invest. However, they do not impose artificial constraints on themselves relating to size, sector, or liquidity. 

They are not macro investors, and have nothing intelligent to say about the macro, except that they are long in India. They are not averse to market volatility; rather they see it as a friend. They do not seek protection by excess diversification. They do not try to beat the index in the short-term, trying this usually leads to behaviour antithetical to long-term returns. They are not incentivised to scale for the sake of scale.

Media

Could not find any

Analyst questions

How are you managing the fund all by yourself?

Who are your investors ?

Do you believe in teamwork?

Prepared by – Sarath, September 2021.

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