Magadh Capital

Funds managed

Fund nameAsset ClassLicense
Magadh CapitalLong only (Listed Securities)SEBI AIF Cat 3

About the AMC

  • Magadh Capital AIF is registered as a trust, Magadh Capital Advisors LLP is the Sponsor of Magadh Capital AIF, got the license in 2016
  • Key staff-Founder and CEO: Vipul Prasad (prior work experience- Morgan Stanley and Motilal Oswal advising mutual funds, sovereign wealth funds, hedge funds and PE funds on stock investments based on fundamental research in Indian metals and mining, cement and media sectors. also worked with BASF India and SAIL )  holds a B.Tech (Mechanical Engineering) from Indian Institute of Technology, BHU, Varanasi and an MBA (Finance, Strategy) from Indian Institute of Management, Kolkata.
  • Deepanker Sati, Investment Analyst (prior work experience- Equity Research Analyst at Evalueserve, Investment Analyst at Athena Investments).

Investment Philosophy (for firm)

The core tenets of our philosophy are:

  • Focus on cash flows and not just on profits 
  • Look for growth at reasonable price 
  • Don’t forget the margin of safety
  • Be attentive to irrational behaviour of markets since they can throw attractive opportunities
  • No use of leverage

(bottom-up, GARP [growth at reasonable price], a blend of growth and value style)

Media

Topic- Possible Opportunity In Cyclical Stocks: Magadh Capital

Media Platform- Bloombergquint

Date-Nov25,2019

https://www.youtube.com/watch?v=IYz_3519fsU

Briefly covered current allocation of the Magadh Capital, bullish from long term perspective, still hold cash, looking for opportunity in the mid cap segment selectively, bullish on financial sector and infrastructure but not as sector per se but have few picks from this sector.

Topic-Vipul Prasad of Magadh Capital speaks on top 5 stocks in banking space

Media platform name ET Now

Date-March3,2019

https://www.youtube.com/watch?v=L1Pfbok4Cao

Short term market view based on Balakot  attack last year, western economies slowing down, covered specific stocks.

Topic/Title-Vipul Prasad of Magadh Capital LLP speaks on stocks to invest in FY 19-20

Media platform name-ET Now

Date-Jan 22, 2019

https://www.youtube.com/watch?v=XqiIw-7qu8I

Short term market view based on elections last year.

Analyst questions

  1. AIF Cat3 license gives you permission to pursue a lot more complex strategies, any specific reason behind this long only strategy? Can you explain us how this long only fund is different from traditional long only funds? What is the key competence that allows you to generate alpha?
  1. Are you planning to come up with any other AIF Cat3 fund with a different strategy?

Prepared by Vanshika

Reviewed by Rashika Bhatia

Date: 11th May 2020

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