Economic Moat
We focus on competitive advantages that let a business sustain returns above its cost of capital.
Fractal Capital Investments LLP
Independent Thinking.Disciplined Investing.Long-Term Wealth Creation.
Fractal Capital combines institutional-quality research, disciplined portfolio construction and rigorous risk management to help investors build enduring wealth.
What we offer
Our Investment Strategies
Three distinct, research-driven strategies — each built for a different objective, risk profile and time horizon.
How we think
Our Investment Philosophy
Margin of Safety
We invest only when the odds are firmly in our favour — guarding above all against the risk of permanent loss of capital.
Independent Thinking
We challenge conventional wisdom and follow our independent research.
Patience
We believe in the power of time and let our investments compound for the long term.
Discipline
A disciplined process helps us stay consistent through market cycles.
What we look for
Eight Criteria We Apply to Every Investment
Before we invest, a business must clear a demanding, fundamentals-first checklist.
Management Quality
We prefer promoter holdings above 33% and emphasise integrity, leadership and governance.
Financial Discipline
We favour companies with lower leverage relative to competitors and industry averages.
Earnings Growth
We target consistent, superior earnings growth driven by structural rather than cyclical change.
Cash Flow Conversion
We prioritise free cash generation; declining operating cash flow signals business stress.
Capital Efficiency
We identify companies showing triggers for improving return ratios (RoCE / RoE).
Valuation Gap
We apply a margin of safety using multiples like EV/EBITDA and P/E to find mispricing.
Monitoring & Exit
We continuously validate the thesis and exit when targets are met or fundamentals deteriorate.
Our approach
Our Investment Process
A disciplined, repeatable eight-step framework — from idea to exit.
1
Research Universe
Identify sectors and companies with strong potential.
2
Risk Profiling
Understand investor objectives and risk appetite.
3
Fundamental Analysis
Deep dive into business model, management and financials.
4
Valuation
Assess intrinsic value to ensure a margin of safety.
5
Portfolio Construction
Build concentrated portfolios with high conviction.
6
Monitoring
Track performance, business changes and risk factors.
7
Review & Rebalancing
Rebalance to maintain target allocation and manage risk.
8
Continuous Improvement
Learn, refine and enhance our process continuously.
What we believe
Our Investment Principles
Four principles govern every decision — and the BMV gate that no investment can skip.
Risk First
Capital preservation comes before return generation. We size positions and set exits with downside in mind.
Dynamic Rebalancing
We reallocate capital to our best risk-reward opportunities as valuations and conviction change.
Long-Term Thinking
We let compounding work by avoiding unnecessary churn and holding quality businesses through cycles.
BMV Framework
Every investment must satisfy all three.
Business
A durable, understandable business with a real moat.
Management
Honest, capable leadership with a strong capital-allocation record.
Valuation
A price that offers a meaningful margin of safety.
Built for investors who
- Believe in long-term wealth creation
- Value research-driven and disciplined investing
- Prefer quality businesses at reasonable valuations
- Understand the importance of risk management
- Are comfortable with market volatility
May not be suitable if you
- Seek guaranteed or fixed returns
- Have a short investment horizon
- Prefer frequent trading or speculation
- Seek speculative bets
- Are uncomfortable with market volatility
Ready to build wealth with discipline?
Talk to our team about which strategy fits your goals, risk profile and time horizon.