Pure Alpha
Portfolio Management ServiceStrategy AUM
Trailing 1Y return
Trailing Returns
APMI · annualised beyond 1Y · as of 01 May 2026
- 1M
- +1.24%
- 3M
- +4.30%
- 6M
- +4.98%
- 9M
- —
- 1Y
- +16.03%
- 2Y
- +14.45%
- 3Y
- —
- 4Y
- —
- 5Y
- —
- Since Inception
- +13.60%
- Strategy AUM
- ₹23 Cr
- Benchmark
- BSE 500 TRI
Performance vs Benchmark
Strategy vs BSE 500 TRI · trailing returns, % · alpha = excess
| Period | Strategy | Benchmark | Alpha |
|---|---|---|---|
| 1 Month | +1.24% | −0.17% | +1.41% |
| 3 Months | +4.30% | −2.34% | +6.64% |
| 6 Months | +4.98% | −5.39% | +10.37% |
| 1 Year | +16.03% | −0.07% | +16.10% |
| 2 Years | +14.45% | +4.14% | +10.31% |
| 3 Years | +0.00% | +0.00% | +0.00% |
| 4 Years | +0.00% | +0.00% | +0.00% |
| 5 Years | +0.00% | +0.00% | +0.00% |
| Since Inception | +13.60% | +7.34% | +6.26% |
Monthly Performance
Growth of ₹100 invested · month-on-month · 13 months
| Month | Strategy | Benchmark | Alpha |
|---|---|---|---|
| May-2026 | +1.24% | −0.17% | +1.41% |
| Apr-2026 | +15.38% | +10.38% | +5.00% |
| Mar-2026 | −10.71% | −11.37% | +0.66% |
| Feb-2026 | +0.03% | +0.45% | −0.42% |
| Jan-2026 | +1.94% | −3.34% | +5.28% |
| Dec-2025 | −1.29% | −0.24% | −1.05% |
| Nov-2025 | −1.37% | +0.96% | −2.33% |
| Oct-2025 | +2.49% | +4.27% | −1.78% |
| Sep-2025 | +1.28% | +1.24% | +0.04% |
| Aug-2025 | +2.14% | −1.75% | +3.89% |
| Jul-2025 | +1.07% | −2.71% | +3.78% |
| Jun-2025 | +4.59% | +3.68% | +0.91% |
| May-2025 | +1.29% | +3.54% | −2.25% |
Strategy Details
APMI fact sheet
- Inception
- 20 Mar 2024
- Age
- 2.2 Years
- Min. investment
- ₹50,00,000
- Turnover (1Y)
- 0.81×
- Turnover (1M)
- 0.03×
- Product
- Equity,Derivatives,Mutual Fund,Others
as of 31 May 2026
Asset classes
Investment objective
The Pure Alpha strategy seeks to deliver long-term, risk-adjusted outperformance by investing in listed securities and mutual funds. The approach involves capitalising on mispriced investments by buying and holding them across multiple time frames.
Fund Managers
1 manager
Name
Rohan Agarwal
Fees & Investment
As disclosed to APMI
- Min. investment
- ₹50,00,000
- Fixed fees
- Not disclosed
- Variable fees
- AMC: 0% Hurdle Rate: 0% Profit Sharing: 15%
- Exit load
- Not disclosed
PMS Industry — SEBI
Latest monthly aggregate
- Total PMS AUM
- ₹44.11 Lakh Cr
- Total clients
- 2,23,279
- Discretionary
- ₹37.37 Lakh Cr
- Period
- july-2026
Industry AUM by asset class (top 5)
- Plain Debt Listed₹28.98 Lakh Cr
- Listed Equity₹7.60 Lakh Cr
- Plain Debt Unlisted₹5.00 Lakh Cr
- Mutual Funds₹1.93 Lakh Cr
- Others₹40,423 Cr
About
- Provider
- Wave Asset Private Limited
- Strategy
- Pure Alpha
- Benchmark
- BSE 500 TRI
- Source
- APMI
Strategy performance, AUM, fees and fund-manager details are sourced from APMI (Association of Portfolio Managers in India); industry aggregates are from SEBI’s monthly PMS disclosures. Returns beyond one year are annualised; past performance is not indicative of future results, and a PMS strategy carries no capital guarantee. For information only, not investment advice.