Electrum Capital

What Electrum Capital does

Electrum Capital is the trading brand of Electrum Portfolio Managers Private Limited, a Mumbai-based SEBI-registered boutique asset manager (PMS registration INP000007544; Category III AIF registration IN/AIF3/24-25/1753) operating from Andheri West. The firm was co-founded in 2020 by Arpit Agrawal (CIO) and Arpit Jain (Director) — with Arpit Jain concurrently serving as Joint Managing Director of the affiliated Arihant Capital Markets group — and runs a research-driven, benchmark- and sector-agnostic GARP (Growth at a Reasonable Price) strategy executed through discretionary portfolio management mandates.

The product shelf comprises PMS strategies — the flagship Electrum Laureate (long-term, high-conviction small-cap mandate built on the proprietary ELECT framework covering Excellent Management, Lasting Competitive Advantage, Earnings Growth, Capital Efficiency, and Turnaround/Value), Electrum SCALE, and the thematic Viksit Bharat Fund — together with the newly launched AIF-Laureate, a SEBI Category III Alternative Investment Fund that extends the Laureate philosophy to institutional and family-office investors with a Rs 1 crore minimum. The firm also distributes an online PMS fee-structure calculator as a prospect-engagement tool, but does not operate a proprietary trading, portfolio-management or analytics platform; client reporting is delivered through third-party portals at Nuvama and Axis.

Revenue is generated through subscription-style management fees charged annually on average or closing portfolio value, supplemented by performance fees triggered when returns exceed a High Water Mark plus hurdle rate. The Go-to-Motion is sales-led and relationship-based: direct engagement with HNI investors is the primary channel, augmented by a distributor/IFA network operating under a formal code of conduct. Customers are HNIs, family offices and institutional investors in India only, and the firm cites AUM of Rs 790 crore (~US$95 million) as of 30 June 2025, with a Laureate track record of 38% TWRR CAGR since inception, a Sharpe Ratio of 2.17 and an Information Ratio of 1.91.

Name

Electrum Capital

Legal name

Electrum Portfolio Managers Private Limited

Website

https://electrumcapital.in

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Electrum Capital is a Mumbai-based, SEBI-registered boutique asset manager offering discretionary PMS and Category III AIF mandates in Indian small- and mid-cap equities to HNIs, family offices, and institutional investors using a proprietary research framework.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Financial Vehicles (525990)

SIC

Investment Advice (6282), Finance Services (6199)

akta.pro primary industry

Managed Platforms & Wrap Programs for Private Clients (Model Portfolios, UMA/SMAs) (FSAAABAM)

akta.pro secondary industry

Large-Cap Equity (Active) (FSAAAIAA)

Keywords

• Portfolio management services
• Alternative investment fund
• Wealth management
• Investment advisory
• Equity asset management

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Portfolio Management Services (PMS) Fees: PMS services with management fees and performance fees based on High Water Mark methodology. Management fees charged annually on average or closing portfolio value; performance fees applied when returns exceed hurdle rate.
2. AIF Management & Performance Fees: Alternative Investment Fund management with management fees (% p.a.), expenses, and performance fees. Uses High Water Mark carry forward mechanism to ensure fair investor treatment. AIF-Laureate requires minimum investment of Rs 1 crore.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Electrum Capital is a SEBI-registered boutique wealth management firm (Electrum Portfolio Managers Private Limited) that offers Portfolio Management Services (PMS) and Category III Alternative Investment Fund (AIF) products to high-net-worth individuals, family offices, and institutional investors. The firm runs concentrated, high-conviction equity portfolios using a Growth at a Reasonable Price (GARP) philosophy, driven by its proprietary ELECT investment framework (Excellent Management, Lasting Competitive Advantage, Earnings Growth, Capital Efficiency, Turnaround/Value). Managed AUM stood at Rs 790 crore as of June 30, 2025.

Product overview

Electrum Capital operates as a boutique asset management firm offering two primary platforms: Portfolio Management Services (PMS) and Alternate Investment Fund (AIF). Under PMS, the firm offers three named strategies: Electrum Laureate (flagship early-stage small-cap strategy using the ELECT framework), Electrum SCALE (mid-cap momentum strategy using S.C.A.L.E framework), and the Viksit Bharat Fund (thematic strategy focused on India's 2047 development goals). The AIF platform includes AIF-Laureate, a Category III fund extending the Laureate strategy to institutional investors. Additional tools include an Online Fee Calculator for fee structure visualization. All strategies follow a GARP (Growth at a Reasonable Price) investment style with benchmark-agnostic, sector-agnostic bottom-up stock selection.

Differentiator

Problem solved

Functional benefit

Brands

• Electrum Laureate: Flagship long-term, high-conviction portfolio focused on small-sized businesses that are early in their growth journey
• Electrum SCALE
• Viksit Bharat Fund
• AIF-Laureate

Quantifiable outcome

• 38% CAGR TWRR since inception (23/11/2020) for Laureate strategy
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• ASK Investment Managers: Established Indian PMS/AIF manager with multi-strategy offerings (private equity, real estate, public equities) serving HNIs and family offices. Comparable across product breadth and distribution, with significantly larger AUM scale.
• Marcellus Investment Managers: Boutique Indian PMS firm known for consistent, research-driven compounding portfolios (e.g., Consistent Compounders) targeting HNIs and family offices. Directly comparable to Electrum in scale, philosophy, and customer segment.
• Alchemy Capital Management: India-focused boutique offering PMS and Category II/III AIF products for HNIs and family offices with long-term, research-intensive equity strategies. Directly comparable on vehicle structure, investor type, and product taxonomy.
• Ambit Investment Advisors: Indian financial group offering PMS and private wealth services to HNIs/UHNIs through its Ambit Private Wealth franchise. Comparable customer segment with broader distribution than typical boutique competitors.
• Tamohara Investment Managers: Indian boutique investment manager co-founded by Arpit Agrawal (now Electrum's CIO), focusing on high-conviction small/mid-cap equity strategies with similar GARP-style philosophy. Direct peer given shared heritage and overlapping investment style and target HNI segment.
• ValueQuest Investment Advisors: Indian boutique asset manager running PMS and AIF strategies with a focus on small- and mid-cap equities and a high-conviction research-driven approach. Closely comparable in strategy mix, ticket sizes, and HNI/family-office target.

Broad incumbents

• Kotak Mahindra Asset Management: One of India's largest AMCs with PMS, AIF, and mutual fund offerings targeting a broad investor base including HNIs. Functions as a broad incumbent whose PMS/AIF products overlap with Electrum's target market.
• ICICI Prudential Asset Management: One of India's largest AMCs with PMS offerings aimed at HNI and institutional segments. Comparable only at the broad product/customer level — operates at vastly larger scale than Electrum.
• Motilal Oswal Asset Management: Large, established Indian AMC offering mutual funds, PMS, and AIF products with much wider distribution and brand recognition. Overlaps with Electrum in PMS/AIF but operates at materially larger AUM scale.
• DSP Investment Managers: Long-standing Indian AMC offering mutual funds, PMS, and AIF products. Overlaps with Electrum via PMS/AIF but with significantly broader product portfolio and distribution footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/electrum-capital

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Electrum Capital