SPVH Discovery Fund
Unearthing India's Hidden Champions — Catalyst-Driven Value in the Undiscovered Universe.
A small-mid cap, long-only strategy with a special-situations overlay — investing in undervalued businesses before the crowd arrives, each backed by a pre-identified, time-bound catalyst and a rigorous governance filter.
We Invest Before the Crowd Arrives.
The most explosive returns in Indian equities lie not in the companies the market already knows — but in those it has yet to discover. We seek businesses undergoing a fundamental change in destiny: a new product, a new promoter, a spin-off, a regulatory tailwind, or a sector re-rating. We invest before the crowd arrives.
Mandate at a Glance.
The VAULT Framework.
Five disciplined pillars for catalyst-driven value discovery — buy at a discount, demand a catalyst, stay undiscovered, exploit low float, and stay time-bound.
A Disciplined Construct.
Core Holdings — 60–65%
10–12 high-quality small-mid cap businesses with 3–5 year earnings-compounding visibility. ROCE ≥18%, debt-free or low leverage, promoter skin-in-the-game. Held until thesis exhausted.
Catalyst Plays — 25–30%
4–6 special situations: corporate actions, restructurings, sector re-ratings, SME IPO pre-listings. 12–18 month horizon with an event-driven return profile.
Tactical Reserve — 5–15%
Cash or short-duration liquid instruments during high-valuation or low-opportunity environments. Preserves dry powder for immediate deployment when events crystallise.
Governance Filter
All holdings pass a 10-point governance audit: audit quality, related-party transactions, promoter pledge, cash conversion, and independent board representation. Zero tolerance for accounting red flags.
What Sets This Strategy Apart.
Catalyst-Led, Not Passive
Every position is anchored to a specific, time-bound catalyst — ensuring active value realisation rather than open-ended "buy and hope" compounding.
Governance Without Rigidity
A 10-point governance audit maintains quality while staying adaptive to structural shifts — capturing themes that rigid rules-based screens miss entirely.
Genuine Information Edge
Focusing on the ≤3-broker, low-float universe with proprietary channel checks creates an edge that crowded, well-covered names cannot offer.
Institutional Deal-Flow Pipeline
SPVH's institutional team and deal-flow network provide a scalable catalyst and pre-listing pipeline — depth that boutique special-situations managers lack.
Terms & Risk Architecture.
Ideal Investor Profile.
Built for experienced, event-driven investors comfortable with small-mid cap volatility in pursuit of asymmetric, catalyst-led returns.
Interested in the Discovery Fund?
Speak with our PMS team for the detailed strategy note, onboarding process, and disclosure documents.
Disclaimer: SPVH Discovery Fund is a proposed PMS strategy; all figures are indicative and forward-looking estimates, not guarantees. Small-mid cap and special-situations investing carries elevated volatility and liquidity risk including possible loss of principal. Past performance of comparable strategies does not guarantee future results. Please read all strategy-related and disclosure documents carefully. This page does not constitute an offer or solicitation.