01
Capture Small-Cap Potential
The strategy systematically searches the small-cap universe for companies that meet Ametra's investability and factor-selection rules.
AMETRA FACTORALPHA SMALLCAP PMS
Small-Cap Growth. Built to Adapt.
A rules-based small-cap equity strategy that rotates across investment factors as market conditions change, with the objective of capturing long-term small-cap potential while managing timing risk.
Strategy Type
Small-Cap Equity
Risk Level
Very High
Live Since
Oct 2024
Allocation
Flexible
WHAT IT DOES
Built to capture small-cap potential more systematically.
FactorAlpha SmallCap combines quantitative stock selection, multiple investment factors and tactical allocation to navigate different small-cap market cycles.
02
Manage Timing Risk
The strategy adjusts its factor and risk bias as market conditions change rather than remaining exposed to the same investment style through every cycle.
03
Stay Rules-Based
Stock selection, portfolio weights and tactical adjustments follow predefined quantitative rules instead of discretionary stock picking.
HOW IT ADAPTS
Small caps change with the cycle. So does the strategy.
FactorAlpha SmallCap remains invested in small-cap equities but can shift its factor and risk bias as market conditions change.
MODERATE-RISK BIAS
More Balanced
When market direction is less clear, the strategy can maintain a broader mix of defensive and opportunity-oriented small-cap factors.
Balanced SmallCap
Illustrative Factor Bias
Market Consolidation
FactorAlpha SmallCap does not try to predict individual market moves. It uses predefined signals to adjust factor and risk bias as small-cap market conditions evolve.
Illustrative representation of the tactical framework. Actual factor selection, security exposure and portfolio weights depend on prevailing model signals.
WHAT YOU GET
Small-cap potential. With timing discipline.
FactorAlpha SmallCap is designed to participate in the long-term growth potential of small companies while managing the risks of investing at the wrong point in the cycle.
SMALL-CAP OPPORTUNITY
Higher growth potential
Capture the size premium
Small companies can grow rapidly as their businesses scale, creating the potential for stronger long-term wealth creation.
+
Tactical Allocation
Built for market cycles
Don't rely on timing alone
The strategy changes its factor and risk bias as conditions evolve, rather than remaining exposed to the same small-cap style through every market cycle.
PERFORMANCE
How has the strategy performed?
Compare FactorAlpha SmallCap with its benchmark across live performance and longer-term model history.
FactorAlpha SmallCap
1.47%
Nifty SmallCap 100 TRI
7.68%
Excess Return
-6.21%
Live performance: The strategy has been live since 21 Oct 2024. The 3 Month, 6 Month, 1 Year and Since Live figures shown here reflect live performance.
Return convention: 3M, 6M and 1Y returns are absolute returns, while Since Inception is annualized.
DOWNSIDE EXPERIENCE
What happened when small caps fell sharply?
Historical model results show how FactorAlpha SmallCap behaved during three major market stress periods compared with its benchmark.
FactorAlpha SmallCap
Nifty SmallCap 100 TRI
0%
-19%
-39%
-58%
-77%
2008 Financial Crisis
15.26% smaller drawdown
2013 BoP Crisis
2.30% smaller drawdown
2020 Covid Crisis
22.18% smaller drawdown
2008 Financial Crisis
15.26% smaller
0%
2013 BoP Crisis
2.30% smaller
0%
2020 Covid Crisis
22.18% smaller
0%
The takeaway
Small-cap investing can experience severe declines. The objective of the risk framework is not to eliminate drawdowns, but to reduce their impact during periods of extreme market stress.
Drawdown measures how far an investment falls from a previous peak before recovering. Figures shown are based on historical/back-tested model data and do not guarantee similar outcomes in future market declines.
HOW AMETRA MAKES DECISIONS
From thousands of small caps to a focused portfolio.
FactorAlpha SmallCap systematically screens, scores and filters the small-cap universe before tactical signals determine the final portfolio.
01
Screen
A research universe of roughly 1,000 small-cap stocks is filtered for minimum size, trading history and liquidity.
WHO IT IS FOR
Is FactorAlpha SmallCap right for you?
FactorAlpha SmallCap is designed for investors seeking long-term small-cap wealth creation who are comfortable with substantial market fluctuations.
May be suitable if you
Want long-term wealth creation through small-cap equities
Have a 5–10 year or longer investment horizon
Are comfortable with high portfolio volatility
Can tolerate significant temporary declines in portfolio value
Prefer a systematic, rules-based approach to small-cap investing
May not be suitable if you
Need regular income from the portfolio
Prioritise capital preservation over growth
Have a short investment horizon
Are uncomfortable with sharp equity-market declines
Prefer a lower-volatility large-cap or diversified equity strategy
Not sure if FactorAlpha SmallCap is right for you?
Talk to Us →STRATEGY DETAILS
Everything you need to know, at a glance.
Explore the portfolio structure and fee options without having to read through a full factsheet.
Benchmark
Nifty SmallCap 100 TRI
Geographic Exposure
India
Asset Classes
Equity
Instruments
Direct Stocks
Market Cap Exposure
Small-Cap
Typical Components
10-30
Rebalancing
Discretionary
Risk Level
Very High
PORTFOLIO MANAGER
Built on a research-led investment process.
Meet the portfolio manager behind the strategy, explore the detailed documents, or continue to the portfolio-building journey.
Portfolio Manager
Karan, CFA
Co-founder, CIO & Portfolio Manager
15+ years · $5bn+ strategies managed
15+ years of experience developing equity and fixed-income products. At Indxx Capital, he introduced and managed investment strategies totalling more than $5 billion, serving AMCs, ETF sponsors, hedge funds and pension funds. He is an MDI Gurgaon alumnus and CFA charter holder.
Resources
Detailed strategy information
Review the latest factsheet for strategy details, performance data and disclosures.
The factsheet may include historical and back-tested model information. Please review all related disclosures before investing.
READY TO EXPLORE
See how FactorAlpha SmallCap fits into your portfolio.
Build a portfolio across Ametra strategies or speak with us to understand whether FactorIncome suits your investment objectives.