A firm built around disciplined decision-making
A Thoughtful Approach to Managing Client Capital
Founded in 2010 by Manish Bhandari, Vallum is a boutique investment firm registered with SEBI as a Portfolio Manager. We work with clients who value discipline, clarity, and consistency in the way their capital is managed. Our objective is to compound client capital over the long term through a structured and research-driven approach applied with care and sound judgment.
Built with a Clear Intent
Vallum was founded with a simple view: capital that has taken years to build deserves a measured and responsible approach. The firm was not built to chase trends or market narratives. It was built to create a repeatable framework for making sound investment decisions across market cycles.
Our Responsibility Is Decision Quality
We see our role not as market commentators but as decision-makers. That means focusing on what can be controlled such as research, valuation discipline, risk awareness, and behaviour, while accepting what cannot. This perspective shapes how portfolios are constructed and how clients are engaged, particularly during periods of uncertainty.
Our Operating Principles
Discipline over activity
We prefer fewer, well-reasoned decisions to constant movement.
Clarity over complexity
Clients should understand how and why decisions are made.
Process over prediction
Outcomes cannot be forecast reliably. Decisions can be structured thoughtfully.
Alignment over scale
Growth is pursued responsibly without compromising process or client focus.
Structured, Transparent, Accountable
Vallum follows a robust regulatory framework with transparent reporting and individual demat accounts. Strong compliance, risk oversight, and fiduciary stewardship ensure client interests remain central to every decision.
Investment Process
Our investment process combines quantitative filters with deep fundamental research. Businesses are evaluated through Vallum’s proprietary 3V framework: verification of value, viability, and variables.
The objective is to identify opportunities for long-term compounding.
Our flagship India Discovery Strategy follows the same principles, investing in quality businesses at reasonable valuations through a disciplined, research-led approach.
Clients We Typically Serve
We work with family offices, business owners, corporate leaders, and high-net-worth investors in India and overseas who value clarity, discipline, and consistency in the way their capital is managed.
Investment Philosophy
Our approach emphasizes clarity, discipline, and respect for risk—focusing on high-quality businesses with sustainable growth and a long-term perspective. Every investment reflects prudence, responsibility, and a disciplined process over prediction.
A Measured Way Forward
Choosing an investment manager is a long-term decision. We encourage clients to understand our thinking, ask questions, and assess alignment before proceeding. For those who wish to explore a conversation, we welcome thoughtful discussions with investors who share a long-term perspective.