Xumit Capital: Equity Research and Portfolio Optimization
Conducted fundamental equity research and built quantitative portfolio models for HNI clients
Arhan Parikh
Investment Analyst at Iron Pillar
From their time as
Financial Analyst
Xumit Capital • 2021 - 2022
Overview
At Xumit Capital, an investment and portfolio management firm focused on India's equity markets, Arhan worked as a Financial Analyst conducting fundamental equity research across India's top listed companies. The role required both deep company-level analysis and the ability to translate findings into actionable portfolio recommendations for clients with varying risk profiles.
The Story
At Xumit Capital, an investment and portfolio management firm focused on India's equity markets, Arhan worked as a Financial Analyst conducting fundamental equity research across India's top listed companies. The role required both deep company-level analysis and the ability to translate findings into actionable portfolio recommendations for clients with varying risk profiles.
He produced full research reports on India's top 50 listed companies, each including DCF and comparable company analysis, financial models, and buy/sell recommendations. The research covered a range of sectors, giving him early exposure to the discipline of building investment views from first principles.
In parallel, Arhan built Markowitz Mean-Variance Portfolio Optimization models across five client portfolios, each calibrated to a different risk profile. One of those portfolios, managed for a high-net-worth client, achieved a 15% return through strategic asset allocation decisions informed by the underlying equity research.
He also developed regression-based predictive models using ten years of financial data to forecast stock prices and key financial metrics, improving forecast accuracy by 10%, and automated research workflows that reduced report preparation time by 30%.