Nalanda India Fund Limited
Nalanda India fund was formed with a focus to invest in small and midcap companies in India.
Nalanda India fund was formed with a focus to invest in small and midcap companies in India.
What is Nalanda India Fund Limited?
The Nalanda India Fund is an investment fund that invests in the Indian stock market, targeting the mid and small-cap segments. The fund was established in 2007 by Nalanda Capital, a Singapore-based company focusing on investing in high-growth Indian equities.
Nalanda India Fund Limited - Investment Philosophy
Long Term Fundamental Investing
Nalanda India Fund Limited picks its investments based on in-depth fundamental analysis. The fund researches and identifies companies backed by strong fundamentals and robust management decisions.
Focus on Mid and Small-Cap Stocks
Nalanda India Fund targets stocks that fall under the mid and small-cap category because of their long runway for growth and return generation potential.
Proprietary Idea Generation
The fund believes in acting upon its own ideas and investment strategies while choosing a suitable investment opportunity. Nalanda India Fund generates its ideas through two sources: proprietary analysis and friends of the fund.
Value Addition
The team of the Nalanda India Fund Limited has a bias for those listed companies whose management is open to debate and feedback. The fund does not invest in Indian companies just to earn returns, but it also seeks to add value to the company's business.
Nalanda India Fund Limited - Portfolio Analysis
Nalanda India Fund Limited portfolio represents 23 publicly listed companies valued at an aggregate networth of ₹29,604.85 crores. The funds’ portfolio includes notable stocks such as MRF, Elgi Equipments, DB Corp, Havells, Jyothy Labs and many other renowned businesses.
Nalanda India Fund diversified its portfolio across various sectors through its dynamic investing approach. Capital Goods, with a 36.3% share, tops the list of these sectors, followed by Chemicals (14.0%), Automobile (14.0%), FMCG (8.6%), Retailing (5.2%), and others.
In recent updates, the fund has reduced its stakes in many of its holdings. In April 2025, Nalanda India Fund reduced their stakes in Page Industries, Voltamp Transformers, Triveni Turbine, Vaibhav Global, Supreme Industries, Ahluwalia Contracts, and Ratnamani Metals.
Nalanda India Fund Limited Networth Trend (December 2015 to March 2025)
In December 2015, Nalanda India Fund Limited stood at a networth of ₹10,235 crores, which grew to ₹16,432.9 crores in December 2017. However, in March 2020, the networth was reduced by more than ₹5000 crores to ₹11,677.8 crores. Thereafter, the fund’s networth rose significantly, reaching to a figure of ₹27,776.1 crores in September 2021 and then to ₹45,708 crores in June 2024. From here, the portfolio value started decreasing and came to a figure of ₹29,604.85 crores as of March 2025.
FAQs
Who is the owner of the Nalanda fund?
Pulak Prasad is the founder and owner of Nalanda Capital, which also includes Nalanda India Fund. He founded the Nalanda Capital in 2007. Pulak Prasad has worked as MD and co-head at the global private equity firm Warburg Pincus. Before this, he had worked at McKinsey since 1992.
What is Nalanda India Fund Limited?
Nalanda India Fund Limited is an investment fund that invests only in the Indian equity market, mainly focusing on mid and small-cap companies. The fund aims to make strategic investments in listed Indian equities to achieve long-term capital appreciation.
What are Nalanada India Fund Limited holdings?
Nalanda India Fund Limited holdings include 23 stocks with a total valuation of ₹29,604.85 crores. The fund’s portfolio is diversified among sectors like capital goods, chemicals, automobiles, FMCG, etc.