Last updated on: June 19, 2025

Factsheet

Alpha Generator Quant

-0.22% Past 1M Returns High Volatility Long Term

Alpha Generator focuses on low drawdowns whilst generating alpha

under various market conditions

smallcase Type Constituents Asset Class Launch Date

Quantitative Model Stocks & ETFs Equity Multi Cap May 27, 2025

smallcase Rationale

Alpha Generator focuses on maintaining drawdowns whilst generating alpha under

various market conditions.
This is a 15 stock basket focusing on top 350 stocks by market capitalization listed
on NSE. This basket is designed to have higher allocation to midcaps but during
big market corrections when mid and small caps tend to fall more, the basket
reallocates to large caps
There are no forced diversification rules, but the nature of the basket results in a
reasonably diversified portfolio
As a momentum portfolio, in periods of trending market growth or declines the
basket is expected to consistently deliver a small margin which compounds across
the period into meaningful alpha. In sharper drawdown period the portfolio tends
to initially underperform, but recovers much stronger and faster.

Rebalance Schedule

Rebalance Frequency Last Rebalance Date Next Rebalance Date

Need Basis — To Be Decided

smallcase Managed By

Bridgeweave NG LLP
5th Floor, N051, Tower A, Innov8, Mantri Commercio, Devarbisanhalli,Bengaluru
Urban, Begaluru, Karnataka, 560103

Contact Email SEBI Reg No BSE Reg No

8217538719 support@investorai.in INH200008583 5470

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Subscription Fee

12 months

₹25,000

*Inclusive of all taxes applicable

Definitions and Disclosures

CAGR

CAGR (compounded annual growth rate) is a useful measure of growth or performance

of a portfolio. Every year returns generated by a portfolio are different. Let's say if a
portfolio is live for 3 years and returns generated by the portfolio are 5%, 15% & -7%,
respectively in the first, second and third year. Then we calculate CAGR as a return
number that would give the same terminal investment value at the end of three years, as
we get when the portfolio gains by 5% & 15% in the first two years and drops by 7% in the
third year. The CAGR in this case would be 3.94%. This means that you will always end up
with the same investment value at the end of the third year, if your portfolio gains by
3.94% every year or 5%, 15% and -7%, respectively in the first, second and third year.

In simple words, it indicates the annual return generated by the smallcase from the date
of launch. For smallcases live for less than 1 year, absolute returns in the applicable time
period are shown. Only live data is considered for all calculations. Returns and CAGR
numbers don't include backtested data.

P.S. - CAGR calculation methodology got updated from 25th Apr 2022 on all smallcase
Platforms. Please read this post to understand the changes in detail.

Volatility Label

Changes in stock/ETF prices on a daily basis result in fluctuations to the investment

value of your portfolio. In order to help investors understand the extent of fluctuation
they might observe with their smallcase investment, every smallcase is categorized into
one of the three volatility buckets - High, Medium and Low Volatility. This is done by
comparing the smallcase's volatility against that of the Nifty 100 Index.

If the daily change in the investment value of a portfolio is too drastic, it means prices of
stocks/ETFs in the portfolio are changing very rapidly. Such portfolios have High
Volatility. Investing in High Volatility smallcases means that changes in your investment
values can be very sudden and drastic, whereas fluctuations in the investment value of
Low Volatility smallcases are expected to be lower in comparison.

For more information about how volatility is calculated, please check here.

Investment Horizon

For each portfolio, the manager provides a recommended investment time duration to
realise the best returns for the portfolio. Each portfolio has one of the following
recommended investment horizon:

Short Term: For portfolios with recommended investment duration of <1 year
Medium Term: For portfolios with recommended investment duration of 1-3 years
Long Term: For portfolios with recommended investment duration of >3 years

Asset Class

The specific constituents of each portfolio are selected from a universe defined by the
managers. This constituent universe is labelled as Asset Class.

If the asset class is Equity Large Cap, then all underlying portfolio constituents are
selected from the Large Cap segment representing top 100 companies by market
capitalisation listed on the NSE (National Stock Exchange of India)
If the asset class is Equity Mid Cap, then all underlying portfolio constituents are
selected from the Mid Cap segment representing the companies ranked 101 to 250 by
market capitalisation listed on the NSE (National Stock Exchange of India)
If the asset class is Equity Large & Mid Cap, then all underlying portfolio constituents
are selected from the Large & Mid Cap segment representing the top 250 companies
by market capitalisation listed on the NSE (National Stock Exchange of India)
If the asset class is Equity Small Cap, then all underlying portfolio constituents are
selected from the Small Cap segment representing the companies ranked greater
than 251 by market capitalisation listed on the NSE (National Stock Exchange of India)
If the asset class is Equity Mid & Small Cap, then all underlying portfolio constituents
are selected from the Mid & Small Cap segment representing the companies ranked
greater than 100 by market capitalisation listed on the NSE (National Stock Exchange
of India)
If the asset class is Equity Multi Cap, then all the underlying portfolio constituents are
selected from Multi Cap segment which may include companies from more than two
of the Large Cap, Mid Cap, Small Cap categories as described above
If the asset class is Debt, then all the underlying portfolio constituents are Debt
instruments
If the asset class is Commodity, then all the underlying portfolio constituents are
Commodity instruments
If the asset class is Commodity and Debt, then all the underlying portfolio
constituents are either Debt or Commodity instruments
If the asset class is Multi-Asset, then the underlying portfolio constituents comprise a
mix of Equity, Gold, Silver, Commodity, Debt or REIT/INVIT constituents

Rebalance

Rebalancing is the process of periodically reviewing and updating the constituents of a

smallcase. This is done to ensure that constituents in the smallcase continue to reflect
the underlying theme or strategy.

Categorisation of the smallcase constituents

All smallcase constituents fall in one of the below categories:

Large Cap
Mid Cap
Small Cap
Multicap ETFs
Debt
Gold
Silver
Commodity
REITs/InvITs

All the stocks listed on NSE(National Stock Exchange) are arranged in decreasing order
of Market Cap, so that the stock with the largest market cap gets 1st Rank. Stocks ranked
equal to or below 100 are categorized as Large Cap. Stocks ranked below or equal to
250, but ranked above 100 are categorized as Mid Cap stocks. Stocks ranked higher than
250 are categorized as smallcap.

Holdings Distribution

All constituents belonging to a smallcase are categorised under different segments.

Weightage of a segment is calculated as the sum of weights of all constituents
belonging to that segment. Suppose 4 constituents, with each having a weight of 10%,
belong to the Large Cap segment. Then the weight of the Large Cap segment in the
smallcase will be 40% (4*10%).

If the manager has not prescribed any weights, equal weights are assumed for
calculations.

Determination of comparable index

For each portfolio, a comparable index is determined on the basis of the holdings
distribution of the portfolio.

If the sum of weights of gold, silver, commodity, debt or REIT/INVIT constituents is

greater than 50%, then comparable index is determined as Equity Large Cap
If the sum of weights of large cap constituents is greater than 50%, then comparable
index is determined as Equity Large Cap
If the sum of weights of mid cap constituents is greater than 50%, then comparable
index is determined as Equity Midcap
If the sum of weights of small cap constituents is greater than 50%, then comparable
index is determined as Equity Smallcap
If the sum of weights of large cap constituents is greater than 30%, sum of weights of
mid cap constituents are greater than 30%, and sum of weights of large cap and mid
cap constituents are greater than 80%, then comparable index is determined as
Equity Large & Midcap
If the sum of weights of small cap constituents is greater than 30%, sum of weights of
mid cap constituents are greater than 30%, and sum of weights of small cap and mid
cap constituents are greater than 80%, then comparable index is determined as
Equity Mid and Smallcap
If none of the above conditions are met, then comparable index is determined as
Equity Multi-cap

If the manager has not prescribed any weights, equal weights are assumed for
calculations.

Comparison of live performance

To help investors make informed decisions, smallcase platform provides many tools. One
of the tools provided on the platform is the comparison of the live performance of the
portfolio. This comparison is a tool to communicate factual & verifiable returns on behalf
of the smallcase creator. It should not be considered as an advertisement, promotion or
claim. The performance of the portfolio is not validated by a regulatorily-recognised
performance validation agency, since the framework is yet to be operationalized by the
authorities. The following methodology is used to provide users different options to
compare the performance of the smallcases:

All smallcases have an option to compare the live performance against returns
generated by Bank FDs, Inflation and Equity asset class
FD returns are calculated using the data available from RBI. The annual data for 1-3
years deposit rates is considered. This data is used to compute a daily index series,
where the annual returns of the series correspond to the annual deposit rates
provided by RBI. For instance, if the annual deposit rates for year 1 is 6% and year 2
is 7%, the total return of the series after 2 years is calculated as 1*(1+6%)*(1+7%) - 1
=13%. This series is also utilised to determine the CAGR between any 2 specified
dates
Inflation returns are calculated using the data available from IMF. The annual
percent change in average consumer prices is considered. This data is used to
compute a daily index series, where the annual returns of the series correspond to
the annual inflation rates provided by the IMF. For instance, if the annual inflation
rates for year 1 is 6% and year 2 is 7%, the total return of the series after 2 years is
calculated as 1*(1+6%)*(1+7%) - 1 = 13%. This series is also utilised to determine the
CAGR between any 2 specified date
All smallcases have an option to compare the live performance against returns
generated by Equity Largecap section of the market - represented by Nifty100 index
All smallcases also have an option to compare the live performance against the
comparable index, determined using the methodology provided above. Following
options are made available, as per the determined comparable index:

Market Cap Category Comparable Index

Largecap Nifty 100

Midcap Nifty Midcap 150

Smallcap Nifty Smallcap 100

Large & Midcap Nifty LargeMidcap 250

Mid & Smallcap Nifty MidSmallcap 400

Multicap Nifty 500

General Investment Disclosure

All the information (including charts, ratios and performance) are provided only for the
smallcase created by SEBI registered entities authorized to do so. The Company, on its
own, does not make any claim of performance/returns for such smallcases. The
company only provides tools to these SEBI registered entities for performance
calculation of their recommendations based on this Returns Calculation Methodology.
All services with respect to research and recommendations are provided by the
respective SEBI registered entities. Charts and performance numbers on the platform do
not include any backtested data.

Investment in securities market are subject to market risks. Read all the related
documents carefully before investing. Investors should consider consulting their
financial advisor while considering any investment decisions.

Risk Disclosure

Please note that investing in securities involves various types of risks that may impact
investments. Key risks that can affect all asset classes inter alia include changes in:
Market volatility
General market conditions
Trading volumes/liquidity and settlement periods
Interest rates
Rate of inflation
Domestic and/or global political, economic and financial developments
Policies and/or legal and regulatory frameworks by government and other appropriate
authorities

Asset class-specific risks inter alia include:

a. Risks related to Equity and Equity Linked Investments (ELIs) include:
Equity shares and equity related instruments are volatile and prone to price
fluctuations on a daily basis. The price of securities may be affected by factors,
such as price and trading volume volatility, currency exchange rates, company
specific news and rumours, etc. Midcap and smallcap stocks generally exhibit
higher volatility compared to largecap stocks.
b. Risk related to investment in Debts, Bonds and Money Market Instruments
Interest Rate Risk: Changes in interest rates may affect valuation of securities, as
the prices of securities generally increase as interest rates decline and generally
decrease as interest rates rise. Prices of long-term securities generally fluctuate
more in response to interest rate changes than prices of short-term securities.
Credit Risk: Credit risk refers to the risk that an issuer of a fixed income security
may default or be unable to make timely principal and interest payments on the
security. Normally, the value of a fixed income security will fluctuate depending
upon the changes in the perceived level of credit risk as well as any actual event of
default.
Liquidity Risk: The liquidity of a bond may change, depending on market
conditions leading to changes in the liquidity premium attached to the price of the
bond. At the time of selling the security, the security can become illiquid.
c. Risk related to exposure to Equities, Debt and Commodity through Exchange Traded
Funds (ETFs)
Sector/Index Risk: ETFs that track specific sectors or indices are exposed to
concentration risks. Adverse performance in those sectors or indexes can
significantly impact returns.
Tracking Errors: While ETFs aim to mirror their benchmark, they may not perfectly
track the concerned benchmark, leading to performance deviations due to factors
like expenses or liquidity constraints of the underlying constituents of the ETF.
Liquidity Risk: In volatile markets, liquidity for certain ETFs may be low, making it
harder to buy or sell units without affecting the price significantly.
d. Risk related to Commodity related Instruments
Risk related to commodity (including gold and silver) related instruments are
affected by several factors. The price of a commodity may be affected by factors
including its demand-supply dynamics in domestic and global markets, restrictions
on the movement/trade of the commodity in domestic and global markets, Indian
and foreign exchange rates, large scale transactions in the commodity by
governments, central banks and other major institutions, etc.
e. Risk related to investments in Real Estate Investment Trusts (REITs) and Infrastructure
Investment Trusts (InvITs)
Sector Risk: Changes in the real estate and infrastructure sector including changes
in applicable laws and regulations can affect the price and volatility of
securities/instruments of REITs and InvITs.
Interest Rate Risk: REITs/InvITs usually secure loans at the trust level and
subsequently distribute the amount among the underlying special purpose
vehicles (SPVs). In case of a rising interest rate environment, debt payment
increases for the trust and adversely impacts the cash flow for unitholders. This in-
turn reduces cash flow-based valuations of REITs/InvITs.
Credit Risk: Credit risk refers to the risk that an issuer of a REIT/InvIT
security/instrument may default on interest payment or even on paying back the
principal amount on maturity. Further, valuations may be affected by change in the
credit rating assigned to the REIT/InvIT and their SPVs by credit rating agencies.
Asset Transfer/Acquisition Risk: The valuation of REITs/InvITs heavily depend on the
underlying assets held by the trust. There is a risk that the transfer or acquisition of
these assets, which often relies on sponsors/management commitments, may not
materialise as planned. If the assets are not transferred or acquired, the valuation
of the trust and future cash flows may be significantly impacted.
Risk of lower than expected Distributions: The distribution by a REIT/InvIT will be
based on the net cash flows available for distribution. The amount of cash available
for distribution principally depends upon the amount of cash that the REIT/InvIT
receives as dividends or the interest and principal payments from portfolio assets.

In the light of the risks involved, you should transact in securities only after
understanding the associated risks. Please consider and assess all risk factors and your
risk tolerance before making investment decisions.

Manager Disclosure

Bridgeweave NG LLP is registered with SEBI with INH200008583 as the SEBI registration
number. The registered office address of Bridgeweave NG LLP is 5th Floor, N051, Tower
A, Innov8, Mantri Commercio, Devarbisanhalli,, Bengaluru Urban, Begaluru, Karnataka,
560103. The manager is a member of BSE with Membership Number 5470.

The content and data available in the material prepared by the company and on the
website of the company, including but not limited to index value, return numbers and
rationale are for information and illustration purposes only. Charts and performance
numbers do not include the impact of transaction fee and other related costs. Past
performance does not guarantee future returns and performances of the portfolios are
subject to market risk. Data used for calculation of historical returns and other
information is provided by exchange approved third party vendors and has neither been
audited nor validated by the Company. Detailed return calculation methodology is
available here. Detailed volatility calculation methodology is available here.

Information present in the material prepared by the company and on the website of the
company shall not be considered as a recommendation or solicitation of an investment.
Investors are responsible for their investment decisions and are responsible to validate
all the information used to make the investment decision. Investor should understand
that his/her investment decision is based on personal investment needs and risk
tolerance, and information present in the material prepared by the company and on the
website of the company is one among many other things that should be considered
while making an investment decision.

Bridgeweave NG LLP has a contractual arrangement with a vendor - Smallcase

Technologies Private Limited (STPL); whereby STPL provides technology solutions and
related back-end infrastructure along with support for back-office related operations &
processes. STPL does not provide any investment advice or recommendation nor does it
make any claim of returns or performance with respect to any advice or
recommendation.

Investments in securities market are subject to market risks. Read all the related
documents carefully before investing.

Registration granted by SEBI, membership of BSE and certification from NISM in no way
guarantee performance of the intermediary or provide any assurance of returns to
investors.

Regulatory Disclosures

InvestorAi Analytics India LLP is a SEBI registered Research Analyst under the SEBI
(Research Analyst) Regulations, 2014 (“RA Regulations”) under registration no
INH200008583. InvestorAi’s registered address is Innov8, Tower A, 5th floor, Mantri
Commercio, Kariyamna Agrahara, PO Bellandur, Bangalore, Karnataka -560103.
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regulation, contract, or other instrument to which we are a party or to which any of our
property is or may be subject.

The maximum fee that may be charged by us is ₹1.51 lakhs per annum from you and your
family.

We are not engaged in the business of investment advice, merchant banking, investment
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Exchange or SEBI or any other authorities, nor has its certificate of registration been
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Registration granted by SEBI, and certification from NISM in no way guarantee

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The terms and conditions and the consent thereon are for the Services provided by us
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Thus, you are advised not to permit us to execute any trade on your behalf.

AI Disclosure

The information, insights and portfolios made available by us are outputs of

mathematical models generated by our AI and are drawn and made available from
available historical data, including financial data.

Rebalance selections are based on recommendations generated by InvestorAi’s

proprietary technology-based insights. All recommendations are reviewed before
inclusion in a basket to account for any potential adverse impacts not considered in the
models, e.g., corporate actions.

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Risk
You also understand that –
i. Any investment made based on the recommendations in the InvestorAi
Portfolios are subject to market risk and you should read all the related documents
carefully before investing.
ii. Recommendations in the InvestorAi Portfolios do not provide any assurance of
returns.
iii. There is no recourse to claim any losses incurred on the investments made
based on the recommendations in the InvestorAi Portfolios.
iv. Past performance does not guarantee future returns.

Any advice contained on by us is general advice only and we do not tell you whether any
investment is suited to your personal circumstances, objectives, risk appetite or financial
situation. Before making any investment decision, you should consider whether it is
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Conflicts

The associates of InvestorAi, as per the definition of Regulation 2 (1) (b) of the SEBI
(Intermediaries) Regulations, 2008 consist of Bridgeweave Limited, a company
registered under the provisions of the UK Companies Act 2006 and Bridgeweave India
Private Limited, a company registered under the provisions of the Indian Companies Act,
2013.

We confirm that we/our associates have not:

a) received any compensation from the companies included in the research reports
(subject company(ies) in the past twelve months.
b) have not managed or co-managed public offering of securities for the subject
company(ies) in the past twelve months.
c) have not received any compensation for investment banking or merchant banking
or brokerage services from the subject company(ies) in the past twelve months.
d) have not received any compensation for products or services other than investment
banking or merchant banking or brokerage services from the subject company(ies) in
the past twelve months.
e) have not received any compensation or other benefits from the subject
company(ies) or third party in connection with the research report.
f) have not engaged in the market making for any of the subject company(ies).
Further, we/our associates do not have any financial interest in the subject company (ies
being recommended in our research reports and do not have actual/beneficial
ownership of 1% or more securities of the subject company(ies), at the end of the month
immediately preceding the date of publication of these recommendations.

we/our associates do not have any material conflict of interest at the time of publication
of these recommendations.

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