Asit C. Mehta
Ace Multicap
Asit C. Mehta's Ace Multicap is a Multi Cap Portfolio Management Services (PMS) strategy managed by Pankaj Morarka, operational since Jan 2020. Benchmark: BSE 500 TRI.
AUM
₹117 Cr
Min investment
₹50 L
Inception
Jan 2020
Fund manager
Pankaj Morarka
With GARP approach i.e. growth at right price this fund Invest in high growth sectors with large & structurally addressable TAM. the strategy is biased towards businesses with resilient and scalable model with enduring competitive advantages & moats, led by managements with a strong capital allocation & efficiency track record. Focused portfolio of 15 - 25 high conviction stocks agnostic to marketcap, sector, and themes.
6M
-1.0%
1Y
+2.9%
5Y
+23.0%
Since inception
+18.6%
6M
+2.5%
1Y
+4.8%
5Y
+10.8%
Since inception
—
6M
-3.5%
1Y
-2.0%
5Y
+12.2%
Since inception
+12.5%
Positive alpha across both 1Y and 5Y — classified as Consistent Performer
Hypothetical growth based on TWRR from inception (Jan 2020)
Hypothetical illustration based on published TWRR over 6.5 years. Does not account for variable performance fees, taxes, or entry/exit timing. Past performance is not indicative of future results.
15-25 stocks
How many stocks the manager holds. Fewer stocks means higher conviction per position — each holding has a larger impact on overall returns, amplifying both gains and losses.
22%
Percentage of portfolio bought or sold annually. Higher turnover means more active trading and potentially more short-term capital gains tax events in your demat account.
High watermark means you pay performance fees only on new highs — never twice for the same gains after a drawdown recovery.
Risk metrics — coming soon
Sharpe ratio, Sortino ratio, beta, standard deviation, and maximum drawdown will be available once sufficient NAV history accumulates. Use turnover ratio and portfolio concentration above as practical risk indicators.