Building wealth through conviction, research & discipline.
Novaris Capital helps retail and HNI investors build and manage focused equity portfolios of fundamentally researched Indian companies, with a clear reason to own every stock and a clear plan for when to exit.
Most investors don't have the time to manage equities well.
Retail and HNI investors often lack the time, resources and information to manage an equity portfolio actively. Decisions end up driven by market noise, emotion or limited research, and portfolios fall short of what they could achieve.
Poor asset allocation
Money piles up in one stock, sector, asset class or theme, and the investor doesn't realise how much risk that creates.
Chasing past performance
Funds, stocks or strategies get picked simply because they did well recently.
No exit framework
Investments sit untouched for years, even after the business fundamentals or the investor's own circumstances have changed.
Lack of ongoing guidance
There's no systematic process to monitor, review and adapt the portfolio as things change.
Great for broad exposure. Built to stay close to the market.
Mutual funds work well for diversified, market-like returns. But mandated diversification, portfolio rules and sheer size make it hard for them to take concentrated, high-conviction positions and beat the market consistently.
Diversification dilutes high-conviction ideas
Even a great pick barely moves a large, widely spread portfolio.
A fund puts ₹2 Cr into a stock that doubles to ₹4 Cr. In a ₹100 Cr portfolio, that adds only 2%.
Fund mandates restrict flexibility
Rules on position size stop managers from backing their best ideas fully.
A manager may want 15% in one high-conviction stock, but the fund's mandate doesn't allow it.
Investors enter and exit at the wrong time
The fund's return and the investor's return are often very different.
A fund gains 30%, but an investor buys after the rally and sells in a 15% correction, earning little or losing money.
Large funds face scalability limits
Size makes the most promising smaller companies hard to own.
A ₹50,000 Cr fund struggles to invest meaningfully in a small company without moving its share price.
The Dual Growth Engine
We look for companies where both earnings growth and a P/E re-rating can drive returns.
Earnings growth
A company's earnings grow as its business expands.
Higher EPS → Higher valueWe look for businesses where our assessment of future earnings growth is well above what the market currently expects.
P/E re-rating
As the market recognises stronger-than-expected growth, it may assign the company a higher P/E multiple.
Higher growth expectations → Higher P/EWe look for companies where the market's current expectations appear to underestimate their potential.
We don't just look for businesses that can grow. We look for businesses where the market may be underestimating how much they can grow.
- Identify the growth misalignment
- Invest with conviction
- Let the Dual Growth Engine work
A focused portfolio built around high-conviction ideas.
We help investors build and manage a concentrated portfolio of fundamentally researched Indian equities, each selected through detailed business, financial and valuation analysis.
Talk to usHigh-conviction portfolio
15–20 carefully selected companies where our research points to attractive return potential.
Continuous monitoring
Regular tracking of business performance, earnings, valuations, management developments and the original investment thesis.
Disciplined exit framework
A clear reason for entering every position, and conditions set in advance for reviewing, reducing or exiting it.
Portfolio concentration
Position sizing that puts capital behind the highest-conviction ideas while keeping portfolio risk in check.
The people behind Novaris Capital
Sameer SinglaFounder & CEOCFA Level 2 · SGGS Chandigarh
Anjali GoyalChief Investment Officer
Abhishek DodResearch HeadMBA, FOSTIIMA Business School
Renu BansalBusiness Development ExecutiveMA (English) & MCAStart with a conversation.
Tell us a little about yourself and your portfolio, and we'll get back to you.