Matsya is a boutique, proprietary Fund founded in 2013. Our strategy is fundamental value, leveraged long-short,
with 100% focus on Indian equities.
11
2013
Founded
Key Investment Philosophy
At Matsya Capital, we see India’s market as one of the most promising investment opportunities globally. However, we believe traditional long-only funds are a sub-optimal way to engage with the India story. These funds tend to prioritize safety over returns, which creates a misalignment with the goals of investors seeking growth. Matsya Capital takes a different approach. We employ a discretionary, leveraged long-short strategy, adjusting exposure, leverage, and concentration to consistently generate outsized returns. Our philosophy embraces volatility—not as a risk, but as an opportunity. We actively capitalize on forced selling and market dislocations caused by the risk constraints of other funds. These market inefficiencies create persistent alpha opportunities, which Matsya Capital’s nimble, active management approach continuously exploits.
A 25x Journey of Compounding with Conviction
CAGR Since Inception
32.3%
Capital Growth
25x
Benchmark CAGR
9.7%
Inception (July ’13)
Disclaimer
Matsya Capital’s returns have been calculated internally till 30 June 2025, using daily Net Asset Values provided by Fund Accounting Services at Kotak Mahindra Bank / Nuvama Asset Services. The corpus of Matsya Capital is entirely in INR. However, USD calculations have been provided for ease of comparison. USD calculations are illustrative, internally arrived at and hence meant to be approximate. After-fees calculations are illustrative, internally arrived at and hence meant to be approximate. They assume a management fee @1.5% p.a., charged monthly, and an incentive fee @15% of gross profits, charged annually. They also assume 0% taxes. NIFTY refers to NIFTY 50 – a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies by free-float market capitalization, listed on the National Stock Exchange, India
Sector Focus
Our focus spans key sectors with high growth potential:
Automobiles
EV disruption, SUV trend, and supply-chain shifts
Financials
Diverging cost of capital and asset quality across lenders
Consumers
Formalization and premium consumption
Commodities & Materials
Operating leverage in infra- and housing-driven sectors
Energy & Power
Decarbonization and utility reforms
Tech & Communication
AI use cases and continued global outsourcing
Media & Miscellaneous
Niche opportunities in under-researched or cyclical plays
Index & Overlay
Dynamic overlays using proprietary work
Founder’s Message
Our mission at Matsya Capital is simple – to beat the market by a significant margin and compound wealth over time. Guided by the time – tested principles of Wall Street’s long-short philosophy, we combine innovation with proven strategies to deliver exceptional returns for our investors.
