Stellar

What Stellar does

Stellar Asset Managers LLP ("Stellar AMC") is a privately held asset management firm incorporated as a limited liability partnership in Mumbai, India, and founded in 2024 by Gaurang Vasani (Founder & Managing Director, 18+ years in capital markets) and Sadanand Shetty (Chief Investment Officer, 30+ years in Indian equity markets; previously at SG Securities, Kotak Mahindra Group, NewsCorp, Taurus Mutual Fund, and Subhkam Ventures; recognized by Business Today as one of India's Best Fund Managers). The company operates a single investment product, the Amrit Kaal Opportunities Fund (AKOF), a Category III Alternative Investment Fund registered with SEBI under registration number IN/AIF3/23-24/1435. The firm markets itself as the fastest approved and fastest-growing Category 3 AIF in India.

Stellar AMC's investment strategy is concentrated in Indian small-cap equities, with a stated minimum 60% allocation to high-growth small-cap companies and the remainder allocated across mid- and large-cap holdings. The portfolio is constructed as a concentrated basket of 20 "Growth Stars" companies selected through a proprietary framework branded as the "Stellar EDGE" (Data-Aided Edge, Disciplined Investment Research, Sustainable Growth Focus) that combines proprietary screening models with fundamental due diligence centered on corporate governance, earnings quality, and a 3-5 year investment horizon. The firm has 1-10 employees and is headquartered at A 405, Kanakia Wall Street, Andheri Kurla Road, Chakala, Andheri East, Mumbai.

Revenue is generated through a standard Category III AIF structure comprising recurring management fees on assets under management plus performance-linked carry above hurdle rates (specific fee economics are not publicly disclosed and are negotiated individually). Distribution is conducted via direct HNI/Family Office/Institutional relationship management by senior sales leadership and through intermediary channels comprising IFAs and National Distributors, with explicit targeting of Overseas Investors seeking Indian small-cap exposure. Operational infrastructure is supported by Axis Trustee Services (trustee), KFIN Technologies (fund accounting/transfer agent), Axis Bank (banking/custody), and Bilimoria Mehta & Co. (audit). Marketing is led by CIO-authored thought-leadership content published via the corporate website (stellaramc.com) and social channels.

Name

Stellar

Legal name

Stellar Asset Managers LLP

Website

https://stellaramc.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

Stellar Asset Managers LLP is a Mumbai-based asset management firm operating the Amrit Kaal Opportunities Fund, a SEBI-registered Category III AIF targeting Indian small-cap equities. It serves HNIs, family offices, institutional investors, and overseas investors through proprietary data-aided stock selection.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Markets Fund of Funds (PE / VC / Private Credit FoF) (FSAHAKAF)

Keywords

• Alternative investment fund
• Small-cap equity investing
• Asset management services
• Portfolio management
• Wealth management India

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Fund Management Fees: Management fees charged on assets under management (AUM) of the Amrit Kaal Opportunities Fund (AKOF), a Category III Alternative Investment Fund.
2. Performance Fees (Carry): Typical Category III AIF structure with performance-linked fees based on returns generated for investors above hurdle rates.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Stellar AMC manages the Amrit Kaal Opportunities Fund (AKOF), a SEBI-registered Category III Alternative Investment Fund that allocates a minimum of 60% of capital to high-growth small-cap companies and the remainder across large and mid-cap equities over a 3-5 year investment horizon. The fund targets High-Net-Worth Individuals, Family Offices, and Institutional Investors seeking long-term wealth creation through a concentrated, research-driven small-cap portfolio supported by proprietary data analytics.

Product overview

Stellar AMC operates as a single-product asset management company offering the Amrit Kaal Opportunities Fund (AKOF), a Category III Alternative Investment Fund. The fund is structured as a well-diversified concentrated portfolio that invests primarily (minimum 60%) in high-growth small-cap companies, with the balance in large and mid-cap holdings. The investment strategy combines fundamental parameters (robust business models, corporate governance, earnings quality), technical parameters, and thematic parameters with a focus on long-term wealth creation over a 3-5 year horizon.

Differentiator

Problem solved

Functional benefit

Brands

• Amrit Kaal Opportunities Fund (AKOF): The flagship Category III Alternative Investment Fund (AIF) managed by Stellar AMC, focusing primarily on small-cap investments with at least 60% allocation to high-growth small-cap companies.

Products and services

• Amrit Kaal Opportunities Fund (AKOF) SEBI-registered Category III Alternative Investment Fund that invests a minimum of 60% in high-growth small-cap companies and the remaining portfolio across large and mid-cap companies, targeting sustainable multifold alpha over a 3-5 year investment horizon. Designed for High-Net-Worth Individuals, Family Offices, Institutional Investors, and Overseas Investors eligible to invest in a Category III AIF.

Quantifiable outcome

• Targeting multifold alpha (SMA) through small-cap investments
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor.

• Axis Trustee ServicesminorStrategic or Co-development PartnerPartner providing trustee services for the Amrit Kaal Opportunities Fund. Trustee services ensure proper fund governance, investor protection, and regulatory compliance.
• KFIN TechnologiesminorStrategic or Co-development PartnerTechnology partner providing fund accounting, transfer agent, and investor services technology infrastructure for the fund's operations.
• Axis BankminorStrategic or Co-development PartnerBanking partner providing banking services,可能的custody arrangements, and operational banking infrastructure for fund operations.
• Bilimoria Mehta & Co.minorStrategic or Co-development PartnerChartered accountancy firm providing audit and compliance services for the fund, ensuring regulatory compliance and financial reporting standards.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• PPFAS Mutual Fund (Parag Parikh Financial Advisory Services): Indian boutique AMC best known for small- and mid-cap value strategies and a research-driven, concentrated portfolio approach. Highly comparable to Stellar AMC in size, philosophy, and target investor base.
• Quantum AMC: Boutique Indian AMC with research-led, value-oriented equity strategies including a focus on small- and mid-cap companies; similar size, philosophy, and HNIs/family office customer overlap with Stellar.
• Motilal Oswal Asset Management: Indian AMC known for disciplined buy-and-hold equity strategies with mid- and small-cap exposure; comparable in targeting long-term wealth creation for HNIs via research-driven concentrated portfolios.

Broad incumbents

• SBI Funds Management: Largest Indian AMC by equity AUM with a wide equity offering including small-cap strategies; significant incumbent competitor for retail and institutional flows.
• ICICI Prudential Asset Management: Top-tier Indian AMC with an extensive product lineup across equity, debt, and alternatives; incumbent competitor with national distribution and institutional reach.
• Kotak Mahindra Asset Management: One of India's largest AMCs offering diversified equity and AIF products including small-cap strategies; major incumbent competitor for IFA shelf space and HNI capital.
• Nippon Life India Asset Management: Large Indian AMC offering diversified equity, debt, and alternative strategies; competes for HNI and institutional capital with broader product breadth and scale advantages.
• HDFC Asset Management: Largest Indian AMC by AUM with a broad suite of equity, debt, and alternative products; competes directly for HNI and institutional allocations and has deeper IFA relationships.

Emerging players

• InCred Capital: Emerging Indian alternative asset manager with HNI-focused AIF/PMS offerings; comparable as a newer, smaller player competing for the same Category III AIF distribution channels.

Regional players

• Sundaram Asset Management: Indian AMC with a heritage in mid- and small-cap equity strategies; comparable in market and investor focus, though broader in product range and more established in distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/stellaramc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stellar