RH Rising India Opportunities
Structured alpha for sophisticated Indian allocators.
A Category III AIF with a concentrated SMID conviction strategy, a proprietary GARV multibagger framework, and a 6-year structural discipline horizon. Built to match a Geneva family-office desk, not a product shelf.
Founded 2012
600+ Clients
RH Supervalue PMS
Across 6 Branches
India's $10 Trillion Growth Window
India is on track to become a $10T economy by 2035, powered by three structural engines: manufacturing expansion, financialisation of household wealth, and consumption acceleration. Small and mid-cap companies sit at the intersection of these engines — and stand to benefit disproportionately.
India's smallcap index has recovered 221% on average after every major drawdown since 2003. The question isn't whether to be in. It's whether you're structured to wait.
| Scenario | CAGR (FY25E–FY35E) | Outcome by 2035 |
|---|---|---|
| Base Case | 8.8% | ~$7.5T economy |
| Robust Case | 10.1% | $10T economy |
A 4-Step Process from Opportunity to Return
The Opportunity
India's $10T GDP trajectory. Structural growth across Manufacturing, Consumption, Financialisation, and Urbanisation.
The Leverage
The RH Multibagger framework — bottom-up identification of scalable, high-quality SMID businesses through GARV.
The Risk Management
Diversified multicap exposure with dynamic allocation across Large, Mid, and Small caps, plus QIP deal access.
The Return
Disciplined tactical hedging to control drawdowns during extended corrections. Asymmetric return profile.
Six Features. Each One Chosen Deliberately.
Closed-Ended 6-Year Structure
A full SMID cycle is 5–7 years. A closed-ended 6-year horizon is engineered to match the cycle, not to accommodate redemption panic. The lock is the feature, not the constraint.
Phased Deployment Over 24 Months
Single lump-sum entry at cycle tops is the silent killer of SMID returns. Your ₹1 Cr enters across multiple tranches, not in one anxious moment.
The GARV Multibagger Framework
A proprietary 4-layer process: Screener → Scorecard → Risk Radar → Pendulum. The same framework that captured IRCTC, KEI Industries, and Neogen Chemicals in the RH PMS.
Three-Layer Risk Management
A large-cap buffer for phased entry, a 10% derivatives hedging reserve, and position-level risk sizing. Modeled downside scenarios you can walk through before committing.
Monthly Redemption Window
A release valve for genuine emergencies, exercisable at the fund manager's discretion. It exists so the 6-year discipline doesn't turn into a trap when life demands otherwise.
Named Accountability
Direct access to Anil Rego, the Fund Manager. Not a rotating relationship manager. One 30-minute annual call with the PM is standard. Hard questions answered before market open.
How GARV Builds a 20-Stock Conviction Portfolio
Every AIF claims a proprietary process. Most collapse under questioning. Ours is four layers, each verifiable, each applied in sequence. GARV: Growth At Reasonable Valuation.
Universe Filter
1,500+ listed Indian SMID companies. Filtered by earnings-growth trajectory, ROCE trend, debt sustainability, and valuation band. Narrows to ~150 candidates.
Quantitative + Qualitative
Each company scored across earnings growth, margin expansion, cash conversion, management quality, and governance. Threshold: 7.5/10 to enter deeper analysis.
Pre-Entry Stress Test
Stress-tested against sector cyclicality, regulatory risk, promoter-level concentration, and downside scenarios. Positions that cannot clear the Radar don't enter, regardless of GARV score.
Sizing & Sequencing
Determines how much capital goes in, when, and what triggers exit. IRCTC identified at ₹320 on a GARV score of 8.4, held through 2022, exited at ₹980.
How the Multibagger Framework Creates Wealth
8 Illustrative Cases from the RH PMS Portfolio
Each position selected through the same multibagger framework applied in the AIF.
| Security | Initial P/E | Exit P/E | Earnings Growth | Re-Rating | Absolute Return |
|---|---|---|---|---|---|
| GMM Pfaudler | 35x | 90x | 1.5x | 2.5x | 4x |
| Neogen Chemicals | 30x | 75x | 2x | 2.5x | 5x |
| Sky Gold | 42x | 86x | 2.7x | 2.0x | 5x |
| IRCTC | 35x | 105x | 2x | 3x | 6x |
| APL Apollo Tubes | 20x | 50x | 2.5x | 2.5x | 6x |
| Dixon Technologies | 35x | 105x | 2x | 3x | 6x |
| V2 Retail | 15x | 30x | 2.6x | 2x | 5x |
| KEI Industries | 18x | 70x | 3.4x | 3.9x | 13x |
*Illustrations are from a Right Horizons PMS strategy. Securities referenced may or may not currently form part of the PMS portfolio. The proposed AIF is a separate product. Past performance is not indicative of future results.
RH Supervalue PMS
Rego · Chauhan · Ranjan
Fund Structure at a Glance
| Fund Name | RH Rising India Opportunities AIF |
| Category | Category III AIF |
| Structure | Closed-Ended |
| Fund Horizon | 6 Years |
| Minimum Commitment | ₹1 Crore |
| Deployment Period | 24 Months (Phased) |
| Target Portfolio | 20–25 Positions |
| Strategy Bias | SMID Conviction |
| Framework | GARV (Growth At Reasonable Valuation) |
| Benchmark | Nifty Smallcap 250 / Nifty Midcap 150 |
| Exit Load | 1% (First 12 months only) |
| Redemption Window | Monthly (Manager's Discretion) |
| Hurdle Rate | 8% (Variable Class) |
| Performance Fee | 20% above hurdle, high-water mark |
| SEBI Registration | Category III AIF Regulations, 2012 |
| Sponsor Contribution | As per SEBI AIF Regulations |
The Manager Behind the Mandate
The Rising India Opportunities AIF is the distilled output of fourteen years of PMS-scale investment discipline, compounded across cycles, managed for India's most discerning investors.
- 30+ years in equity markets, portfolio management and contrarian investing
- MBA and CFA from ICFAI
- Founder of Right Horizons; CIO (PMS) and Fund Manager for select strategies
- Prior: Wipro Technologies (Business Planning and M&A)
- Regular contributor to ET Now and CNBC TV18
- 7+ years in equity research and fund management, focused on mid and small-cap
- B.Tech (IIT) and MBA (IIM)
- Bottom-up stock selection, portfolio construction, investment strategy decisions
- Coverage: Financial Services, Pharma, IT, FMCG and allied sectors
- 10+ years in equity and investment research, strong track record in sectoral identification
- B.Tech (BVP, Pune), MBA (Delhi School of Economics), CFA Charterholder (USA)
- Portfolio construction and investment strategy
- Coverage: Manufacturing, Cement, Chemicals, Auto and allied sectors
AIF Investment in India for NRIs
The Rising India Opportunities AIF accepts NRI commitments from the Bay Area, Dubai, Singapore, London, and the broader Indian-origin global community. The onboarding experience is built for a 9-hour-away, time-zone-fragmented investor life.
What We Report to You in USD
Questions We Answer Before You Ask
Schedule a Call with the Fund Manager
The Rising India Opportunities AIF is not for everyone. That's intentional. If the framework, the horizon, and the team make sense for where you are in your wealth journey, the next step is a 30-minute call with Anil Rego — no pitch, just portfolio fit.
Schedule a Call with the Fund Manager