Aionios Alpha

Aionios Alpha Fund I – Category III AIF


Key Portfolio Attributes

Fund Category: Category III AIF

Sub-Category: Long Only

Structure: Open Ended

Fund Tenure: NA

Fund Manager’s Name: Kuleen Tanna

Fund Manager’s Experience:

Mr. Kuleen Tanna is the Founder & Chief Investment Officer at Aionios Alpha Investment Management LLP, where he has been leading the firm since July 2022. In this role, he is responsible for providing strategic guidance across investment sourcing, due diligence, execution, portfolio management, and exit strategies. He also oversees investor relationships and leads the overall functioning of the Investment Manager.

Prior to this, Mr. Tanna was associated with Fidelity International Limited from August 2011 to July 2022, where he served as an Investment Analyst and later as an Analyst & Portfolio Manager. During his tenure, he was part of the core investment team managing Fidelity’s India equity investments with assets exceeding $5 billion. He also contributed to managing Fidelity’s India equity mutual funds business prior to its sale to L&T in 2013, which had assets under management of over $2 billion.

Earlier in his career, he worked with JM Financial Investment Managers as an Associate from March 2007 to June 2009, where he was involved in managing proprietary equity investments of approximately ₹300 crore. He began his career at Morgan Stanley as a Research Associate from August 2005 to March 2007, where he was part of the equity research team and advised global institutional investors and Indian mutual funds on India-focused equity investments.

Fund Manager’s Qualification:

  • Com. from Sydenham College of Commerce & Economics
  • Chartered Accountant of the Institute of Chartered Accountants of India.
  • MBA from London Business School.

Investment Objective

The objective and purpose of the Fund is to carry on the activity of a Category III AIF and for this purpose to arrange, make, manage and dispose of investments with a view to achieve and preserve long-term capital appreciation for Contributors by investing in a concentrated portfolio of equity and equity related securities in India and other permissible securities/instruments which is market cap and benchmark agnostic in accordance with Applicable Laws and the Trust Documents

Investment Philosophy

  • Focus on cashflows (sustainability, consistency, growth)
  • Importance of time & high conviction investing
  • Investing in disruptors and differentiated ideas
  • Strong emphasis on management quality
  • Avoiding mean reversion without catalysts

Investment Strategy

The strategy is spread across:

1. Stock Selection Process

  • Screening companies based on financials, growth, valuation
  • Deep research: annual reports, earnings calls, industry analysis
  • Interaction with management, analysts, and industry participants

2. Portfolio Construction

  • Concentrated portfolio (~20–25 stocks)
  • Bottom-up, benchmark-agnostic approach
  • Focus on best risk-reward opportunities

3. Portfolio Monitoring & Risk Management

  • Continuous tracking (calls, industry data, competitors)
  • Risk controls via:
    • correlation
    • beta
    • position sizing

4. Investment Horizon

  • Minimum 3-year long-term approach

Do Not Simply Invest, Make Informed Decisions

WISH TO MAKE INFORMED INVESTMENTS FOR LONG TERM WEALTH CREATION

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