Wealth built on conviction.
Preserved through discipline.
Macro Capital partners with a select group of investors to deploy capital with rigour, transparency, and a long-term perspective. We manage wealth the way it deserves to be managed.
Patient capital.
Enduring returns.
We believe that genuine wealth creation demands patience, intellectual honesty, and the courage to act against consensus when the evidence demands it. Our investment process is built on deep fundamental research and a macro-aware framework.
We do not chase short-term performance. We construct portfolios designed to compound capital across market cycles — protecting on the downside, participating fully on the upside.
How we manage capital
Research-led portfolio construction
Every position in our portfolio is the result of rigorous bottom-up analysis informed by a top-down macro view. We identify structural opportunities — businesses with durable competitive advantages, operating in sectors with long runways — and hold them with conviction through volatility.
Capital preservation first
We size positions to reflect conviction and risk, never speculation. Drawdown management is embedded in our process.
Invite-only
Access is limited to qualified investors by referral.
Full transparency
Investors receive detailed reporting on NAV, transactions, and portfolio activity — always up to date.
Long-term compounding
We measure success in years, not quarters. Our incentives are aligned with yours.
Aligned interests
We invest alongside our clients. Our capital is in the same strategies as yours.
Protecting capital is not a constraint.
It is the strategy.
Most funds treat risk management as a compliance exercise. We treat it as the foundation of every investment decision. Before we ask what we can gain, we ask what we can lose — and whether that loss is acceptable given the full picture.
Our framework is built around three interlocking disciplines: limiting downside exposure at the portfolio level, sizing each position in proportion to its risk-adjusted conviction, and actively managing drawdowns before they compound into permanent capital impairment.
≤15%
Max portfolio drawdown target
2–5%
Single position risk limit
30d
Drawdown review cycle
Downside Protection
- Hard stop-loss rules at the position and portfolio level
- Macro hedges deployed when systemic risk is elevated
- Asymmetric payoff structures prioritised over raw return potential
- Cash held as a strategic asset, not a residual
Position Sizing
- Kelly-informed sizing adjusted for conviction and liquidity
- No single position exceeds 5% of portfolio at cost
- Concentration risk monitored across sectors and geographies
- Position limits tighten automatically as volatility rises
Drawdown Management
- Portfolio-level drawdown reviewed at 5%, 10%, and 15% thresholds
- Exposure reduced systematically as drawdown deepens
- Recovery plans documented before capital is redeployed
- Investor communication triggered at each threshold breach
Perspectives on markets
Our views on macro trends, portfolio strategy, and the forces shaping capital markets.
Navigating rate cycles: what history tells us
Central bank policy pivots have historically created asymmetric opportunities for patient investors. We examine the patterns across five decades of monetary tightening and easing cycles.
Rate cycle momentum index
Rate Cycle Inflection
USD Structural Trend
Energy Transition
EM Equities
Credit Spreads
Geopolitical Risk
Quality over momentum in uncertain markets
When macro visibility is low, the premium on business quality rises. We explore what that means for portfolio construction.
The compounding advantage of low turnover
Transaction costs, taxes, and behavioural drag erode returns silently. A low-turnover approach compounds these savings over time.
Dollar dominance and the emerging market opportunity
A structurally weaker dollar environment opens selective windows in emerging market equities and commodities. We map the opportunity set.
Gold in a multi-polar world
Central bank accumulation, de-dollarisation trends, and geopolitical fragmentation are reshaping gold's role in institutional portfolios.
Duration risk in a higher-for-longer regime
The repricing of long-duration assets is not yet complete. We assess where the risk-reward sits across the yield curve today.
Built for investors who think in decades
We are selective by design. Our fund works best for investors who share our conviction that patient, disciplined capital allocation outperforms over the long run.
High Net Worth Individuals
Entrepreneurs, senior executives, and professionals who have built significant wealth and are looking for a disciplined, research-driven partner to grow and protect it. Our investors typically have a minimum investable surplus of ₹50 Lakhs and a time horizon of five years or more.
Family Offices
Single and multi-family offices seeking a focused, high-conviction allocation to complement their broader portfolio. We work as a specialist partner, not a generalist manager — bringing depth in macro and multi-asset strategy where most family offices lack dedicated internal capacity.
Business Owners & Promoters
Founders and promoters looking to diversify wealth outside their primary business. We help structure a liquid, professionally managed portfolio that operates independently of business cycles and provides genuine financial resilience.
The investor profile that fits us best
Access is by invitation only. If you believe you are a good fit, please reach out directly. We review all enquiries and respond when capacity allows.
Begin the
conversation.
We accept a limited number of new investors each year. If you believe Macro Capital is the right partner for your wealth, share a brief expression of interest and we will be in touch when capacity allows.
Already a client?
Access your portfolio, review your holdings, and track performance — all in one secure place.
Sign in to your account