A Disciplined Gateway to India's Capital Markets
An alternative asset management platform engineered to unlock India’s cross-border investment potential for institutional and high-net-worth investors.
The Convergence of Global Capital and Indian Opportunity
India’s economic narrative is no longer one of emergence; it is a defining component of global growth. With one of the world’s fastest-growing large economies, deepening capital markets, and sustained structural reforms, India is becoming a central allocation for sophisticated global capital. Simultaneously, rising domestic wealth is fueling a new wave of international ambition, with Indian investors seeking institutional-grade access to global opportunities.
Aikyam Capital is a new-generation alternative asset manager built for this dual opportunity. Our mission is to architect high-conviction investment strategies that connect capital to opportunity—across geographies, asset classes, and investor bases. We operate on the principle that capital must flow to its highest-potential use, unencumbered by friction or borders. We provide more than access; we have built a differentiated investment platform grounded in rigorous research, risk discipline, and long-term alignment.
Focused. Independent. Built for performance across cycles.
Our Guiding Philosophy: A Unified Approach to Risk, Return, and Responsibility
The name “Aikyam” is derived from Sanskrit for “oneness”. This principle of a unified, holistic approach guides our investment philosophy, where strong outcomes are engineered through discipline, research, and a long-term perspective.
Capital Preservation Is the Foundation
We hold that the preservation of capital is the non-negotiable foundation upon which all growth is built. Protecting downside risk is our primary mandate.
Risk-First Approach
Every potential investment is systematically evaluated through the lens of risk before its potential for return is ever considered.
Research-Led Process
Each investment decision is the outcome of a structured evaluation process, underpinned by exhaustive proprietary research.
Long-Term Orientation
We are architecting portfolios for enduring value, deliberately insulating our strategy from the volatility of short-term market noise.
Process Over Prediction
Our competitive advantage is derived from a consistent, disciplined, and repeatable decision-making framework, not from attempts to predict market movements.
The Aikyam India Discovery Fund
Fund Name:
Aikyam India Discovery Fund
Structure:
A Category III Alternative Investment Fund (AIF), domiciled in GIFT City, India.
Objective:
The fund’s primary objective is to achieve maximum absolute returns over the long term. This is accomplished by investing in a diversified portfolio of mutual funds and ETFs spanning various market capitalizations, themes, and sectors. The fund is engineered to consistently outperform its benchmark through dynamic allocation, rigorous fund selection, and active portfolio monitoring.
Our approach combines three core layers:
- High-Conviction Fund Selection
We construct a concentrated portfolio of best equity funds chosen through deep quantitative and qualitative research, with a focus on consistency, risk-adjusted returns, and manager edge. - Tactical Asset Allocation
Our allocation flexes across market segments and styles guided by macro indicators, valuations, fundamentals, and risk sentiment to lean into opportunity and reduce exposure in overheated phases. - Active Oversight & Risk Management
The portfolio is monitored continuously, with timely rebalancing to preserve capital, reduce drawdowns, and maintain alignment with forward-looking market conditions.
And under it all:
- Tax-Efficient Structure
As an AIF, the fund pays no tax at the fund level, allowing investors to benefit from full compounding, with returns untaxed in their hands.
The fund is suited for investors seeking long-term capital appreciation through Indian equities.
It is ideal for individuals and institutions who understand market volatility and are comfortable with medium to long-term investment horizons. Investors looking to participate in India’s growth across multiple sectors, while benefiting from professional portfolio management, will find this fund aligned with their objectives.
Who can Invest? Mode of Payment List of Approved Countries
• Institutional Investors • Bank Accounts outside India • All Countries excluding
• High Net Worth Individuals • NRE Account – Non FATF Members
• Corporates/Family Offices • USD Currency
• Financial Institutions/Banks
• Insurance Companies
• Foreign Investors
• NRI/PIO
The Fund is not available for subscription by Resident Indian(s).
| Sr. No. | Description | Click Here |
|---|---|---|
| 1 | AIDF Factsheet December 2025 | 📄 Download PDF |
| 2 | AIDF Factsheet November 2025 | 📄 Download PDF |
| 3 | AIDF Factsheet October 2025 | 📄 Download PDF |
| 4 | AIDF Factsheet September 2025 | 📄 Download PDF |
| 5 | AIDF Factsheet August 2025 | 📄 Download PDF |
| 6 | AIDF Factsheet July 2025 | 📄 Download PDF |
| Sr. No. | Description | Click Here |
|---|---|---|
| 1 | AIDF Factsheet December 2025 | 📄 Download PDF |
| 2 | AIDF Factsheet November 2025 | 📄 Download PDF |
| 3 | AIDF Factsheet October 2025 | 📄 Download PDF |
| 4 | AIDF Factsheet September 2025 | 📄 Download PDF |
| 5 | AIDF Factsheet August 2025 | 📄 Download PDF |
| 6 | AIDF Factsheet July 2025 | 📄 Download PDF |
Leadership
Vishal Goraddia
Managing Partner – Asset Management
With 18 years of experience in financial services, Vishal Goraddia brings extensive expertise across fund management, treasury, capital markets, balance sheet management, and corporate finance within Indian and international markets. He has led the establishment and oversight of treasury and trading functions spanning money markets, foreign exchange, fixed income, and equities, with a strong focus on disciplined risk management, regulatory compliance, and governance frameworks. Vishal has spearheaded strategic balance sheet management and fund-raising initiatives, engaging closely with lenders, regulators, rating agencies, and institutional stakeholders during periods of market volatility and transition. At Aikyam Capital, he is responsible for fund management, portfolio oversight, and investment execution, emphasizing transparency, rigorous risk discipline, and long-term alignment of investment strategy with institutional standards and objectives.
Nilesh Choudhary
Founder and Director
Nilesh Choudhary, the Founder and CEO of Aikyam Capital, is a veteran leader with nearly twenty years of specialized experience in the asset management industry. A Chartered Accountant holding a PGDBM in Finance from NMIMS, Mumbai, he has been at the forefront of alternative investments since 2006, beginning with his foundational role at Milestone Capital.
Nilesh’s professional trajectory is marked by a transformative decade at Edelweiss Financial Services. During this tenure, he played a pivotal role in pioneering their Alternative Investments division in Singapore and spearheaded the firm’s strategic expansion across South-East Asia, the Middle East, and Africa. Today, under his visionary leadership, Aikyam Capital is dedicated to redefining value creation within the Indian stressed asset market. By combining strategic precision with institutional authority, Nilesh ensures the firm delivers sophisticated, high impact investment solutions
Vishal Goraddia
Managing Partner – Asset Management
With 18 years of experience in financial services, Vishal Goraddia brings extensive expertise across fund management, treasury, capital markets, balance sheet management, and corporate finance within Indian and international markets. He has led the establishment and oversight of treasury and trading functions spanning money markets, foreign exchange, fixed income, and equities, with a strong focus on disciplined risk management, regulatory compliance, and governance frameworks. Vishal has spearheaded strategic balance sheet management and fund-raising initiatives, engaging closely with lenders, regulators, rating agencies, and institutional stakeholders during periods of market volatility and transition. At Aikyam Capital, he is responsible for fund management, portfolio oversight, and investment execution, emphasizing transparency, rigorous risk discipline, and long-term alignment of investment strategy with institutional standards and objectives.
Leadership
Nilesh Choudhary
Founder & CEO
Nilesh founded Aikyam Capital in 2022, bringing two decades of profound experience in the global asset management industry. A specialist in Indian capital market structuring, he has served as a strategic advisor to international funds and successfully established alternative investment businesses across South-East Asia, the Middle East, and Africa. His expertise lies in scaling diverse investment platforms and navigating complex regulatory landscapes. A Chartered Accountant and NMIMS alumnus, Nilesh integrates disciplined financial management with a vision for long-term value creation. He remains dedicated to building robust frameworks that connect global investors with high-growth Indian equity opportunities.
Nilesh Choudhary
Founder & CEO
Nilesh Choudhary is the Founder and Chief Executive Officer of Aikyam Capital Group, responsible for the firm’s strategic direction, governance architecture, and execution oversight across its financial services platform. His role includes oversight of client engagements, cross-jurisdiction regulatory alignment, and the maintenance of disciplined financial and operational standards.
With over a decade of experience in foreign and NRI portfolio structuring, corporate finance, and cross-border financial arrangements, he focuses on translating regulatory, commercial, and market requirements into structured, executable solutions. He also provides governance and platform-level oversight to the Group’s asset management vertical, including its GIFT City fund framework, ensuring compliance integrity, risk discipline, and institutional robustness. His work is anchored in regulatory clarity, ethical practice, and long-term value preservation.
With 18 years of experience in financial services, Vishal Goraddia brings extensive expertise across fund management, treasury, capital markets, balance sheet management, and corporate finance within Indian and international markets. He has led the establishment and oversight of treasury and trading functions spanning money markets, foreign exchange, fixed income, and equities, with a strong focus on disciplined risk management, regulatory compliance, and governance frameworks. Vishal has spearheaded strategic balance sheet management and fund-raising initiatives, engaging closely with lenders, regulators, rating agencies, and institutional stakeholders during periods of market volatility and transition. At Aikyam Capital, he is responsible for fund management, portfolio oversight, and investment execution, emphasizing transparency, rigorous risk discipline, and long-term alignment of investment strategy with institutional standards and objectives.
Vishal Goraddia
CEO – Stressed Asset Management
Connect With Our Investment Team
To receive more detailed information about the Aikyam India Discovery Fund or to discuss a potential investment, please complete the form below. A member of our team will be in contact with you shortly.
Complaint Redressal Officer (CRO)
Payal Salian
Phone:
+91 98922 95341
Email:
CRO.giftcity@aikyamcap.com
Complaint Redressal Appellate Officer (CRAO)
Anand Mody
Phone:
+91 98206 97569
Email:
CRAO.giftcity@aikyamcap.com
Complaint Redressal Officer (CRO)
Payal Salian
Complaint Redressal Appellate Officer (CRAO)
Anand Mody
Phone: +91 98922 95341
Email: CRO.giftcity@aikyamcap.com
Phone: +91 98206 97569
Email: CRAO.giftcity@aikyamcap.com
