18 funds across 9 categories have cleared Prospera's research framework and Investment Committee review — a strict, deliberately narrow subset of the researched universe, never a copy of it.
Selected from 425 active research candidates — 76 of them individually deep-researched — via Prospera's 5-gate framework, below.
A recommendation is not a prediction. It is Prospera's current highest-conviction reading of the research, category by category — the fund (or two) that ranked highest after the same five gates, the same weighting, and the same IC sign-off applied consistently across every candidate. Primary and Secondary picks both cleared every gate; Primary ranked first at the point of review.
2 current recommendations carry an active Watchlist flag. This does not automatically invalidate the recommendation — it identifies a real, live development the research team is actively monitoring, disclosed here rather than suppressed.
Ranked first in its category after the full 5-gate funnel and IC sign-off.
BEATS 2: PE discount 38% vs HDFC 25x PE. Rajeev Thakkar 13Y vs Jain 8Y. International buffer reduces India-only risk. Lower drawdown 18% vs 22%. Risk-adjusted 12M outlook clearly favours PPFAS.
Ranked second in the same category — cleared every identical gate.
BEATS 3-10: HDFC research bench + Rs70K AUM bring institutional access unmatched by smaller funds. Mirae FC (68) is 6 pts below. Quant FC (65) carries SEBI cloud. HDFC wins on consistency 8/10 vs peers 6-7.
Ranked first in its category after the full 5-gate funnel and IC sign-off.
BEATS 2: 30.5% 5Y CAGR vs Nippon 22%. Dixon, Coforge, Trent are multi-year structural winners in electronics PLI, IT services, and retail premiumisation. Concentration enables alpha diversified funds cannot generate. OPP score 9 vs 7.
Ranked second in the same category — cleared every identical gate.
BEATS 3-10: Rupesh Patel 12Y tenure produces better cycle navigation than Edelweiss 6Y or WhiteOak 5Y. Rs39K AUM vs HDFC Rs85K shows nimbleness preserved. 24% 3Y CAGR beats HDFC (16.5%) and Kotak (15.9%). Consistency 9/10.
Ranked first in its category after the full 5-gate funnel and IC sign-off.
BEATS 2: Samir Rachh 16Y small-cap tenure is longest in category - single most predictive variable in SC management. Rs61K AUM managed without alpha sacrifice shows best-in-class liquidity management. AUM trend stable not declining.
Ranked second in the same category — cleared every identical gate.
BEATS 3-10: SC-006 Invesco (70) similar momentum but Bandhan ER 0.42% vs 0.48% and stronger 2026 YTD (+12.4%). SC-005 Tata strong but 6Y tenure insufficient for primary SC allocation. SC-004 HDFC too conservative vs peers.
Ranked first in its category after the full 5-gate funnel and IC sign-off.
BEATS 2: Broader mandate - hospitals (35%), diagnostics, devices alongside pharma. US tariff on generics hits Nippon harder than Mirae. Max Healthcare + Apollo = domestic HC demand story Nippon cannot access. STW 9 vs 7.
Ranked second in the same category — cleared every identical gate.
BEATS 3-10: Sailesh Raj Bhan 20Y pharma tenure unmatched. Sun Pharma + Divis + Abbott India = quality portfolio. PH-003 SBI (68) has higher ER (0.89%) and less experienced team. PH-005 ICICI Pru smaller AUM constraints.
Ranked first in its category after the full 5-gate funnel and IC sign-off.
BEATS 2: Active management adding 1.5-2% alpha vs Nifty Defence Index since launch. Better smallcap defence names (BDL, BEML, MTAR) that index under-weights. OPP score 9 vs index 8. Poddar selection process is differentiated.
Ranked second in the same category — cleared every identical gate.
BEATS 3-10: 0.18% ER vs ABSL PSU (0.49%) and SBI PSU (0.58%). Pure defence vs diluted PSU mandates. DEF-003 ABSL and DEF-004 SBI have PSU mandates mixing in oil and banking - dilutes the defence thesis entirely.
Ranked first in its category after the full 5-gate funnel and IC sign-off.
BEATS 2: 20Y history navigating full infra cycles (2005 boom, 2012 bust, 2022 revival). 33.46% 5Y CAGR. Ihab Dalwai L&T+Adani Ports+NCC mix captures project+execution premium. Consistency 9/10 vs Quant 6/10 - not comparable.
Ranked second in the same category — cleared every identical gate.
BEATS 3-10: Higher momentum (9) and better rotation timing than Canara Robeco (6) or SBI (5). INF-003 Canara too conservative large-cap bias. INF-004 SBI has highest ER (0.94%). But SEBI cloud caps Quant at satellite 5% only.
Ranked first in its category after the full 5-gate funnel and IC sign-off.
BEATS 2: Broadest energy mandate - oil/gas, power, renewables, coal, transmission, nuclear. Nuclear Energy Mission Rs20K Cr (100 GW by 2047) is 20-year tailwind SBI accesses that DSP global mandate does not prioritise.
Ranked second in the same category — cleared every identical gate.
BEATS 3-10: Global energy co-exposure via BlackRock FoF up to 35% provides upside from geopolitical energy dislocation SBI cannot reach. ENE-003 Tata (64) and ENE-004 ICICI (62) lack this overlay and have smaller AUM.
Ranked first in its category after the full 5-gate funnel and IC sign-off.
BEATS 2: Manish Banthia active duration outperformed HDFC rules-based approach in every rate-cut cycle since 2015. Called 3 consecutive RBI inflection points correctly. 7.66% vs 7.1% 3Y CAGR = 56bps annualised difference.
Ranked second in the same category — cleared every identical gate.
BEATS 3-10: HDFC institutional credit research depth and 12Y Anupam Joshi tenure. DEB-003 ABSL (73) strong but money market focus less positioned for duration extension. DEB-004 BHARAT Bond locked maturity reduces flexibility.
Ranked first in its category after the full 5-gate funnel and IC sign-off.
BEATS 2: 10Y Lovelish Solanki tenure vs Tata 7Y. ER 0.30% tied with Tata. Rs25.6K AUM vs Rs21.8K - larger spread team. 12Y track across multiple market cycles. Alpha consistency 96% vs Tata 97% - effectively tied. ABSL wins on heritage.
Ranked second in the same category — cleared every identical gate.
BEATS 3-10: ARB-004 SBI (69) Rs42.8K AUM causes impact cost on spread capture. ARB-003 Nippon (68) has 0.70% ER - significant drag at HNI ticket sizes. ARB-002 Invesco (76) comparable but 0.40% ER vs Tata 0.30% at scale matters.
AUM floor, minimum track record, SEBI compliance — a hard filter, never a score.
Final Score ≥ 45. Formula-derived, no analyst judgment involved yet.
Final Score ≥ 55, ranked within category.
Final Score ≥ 62, analyst-validated thesis.
Final Score ≥ 70. Research Head sign-off required — this is the only gate that produces a Prospera Recommendation.
A fund can score HIGH CONVICTION and still not appear here — a recommendation reflects the full committee process, including category limits and IC sign-off, not the score alone. See each fund's own Prospera Verdict for its exact status.