We invest our own
capital first.
Rational is an investment house with a singular focus: identifying global mega-trends and durable mispricings in the system. We hold them long enough for compounding to do its work.
We are not asset gatherers. We are investors — with our own net worth tied to every fund we launch. Our fee structure rewards us only when you win.
Returns that speak for themselves.
30%
Post-tax return since 2023
India Long-Only Fund
3079%
1-year return
Gold & Silver Miners' Fund
7941%
10-year model net CAGR
Absolute Return Fund
41Ready to invest alongside us?
Our capital is always in the fund before we ask you to invest.
From family office
to India's #1 AIF.
A story of conviction, timing, and staying true to first principles.
Rational was founded in 2020 as a Family Office by Vivek & Krish at a miraculously opportune time in history. When the world was undergoing a lockdown and the markets were hitting rock-bottom, Vivek told his father that if the world was ever going back to normal, this was the time to invest in the Indian equities market.
They ended up switching the entire family net worth from 100% real estate to 100% Indian equities in a matter of 4–5 months. This obviously led to massive wealth creation over the next 3 years.
"Because the fund was a by-product of good capital allocation and investing success — not the chase to AUM building — Rational's foundations were built on being investor friendly."
The fund was then launched by Vivek, Krish & Jaba, Vivek's wife. Our capital allocation, investment philosophy, and terms of investment are all done in a way that benefit the investor first — and we make money only when they do.
Our method has been consistent: recognise a worldwide mega-trend ahead of consensus, assess and identify the best possible means to extract value from it, invest personally as proof of concept, and post-proof launch a fund on the same theme. So all the funds are aligned with our personal investments.
Vishal, Vivek's brother, joined the fund in 2025 to lead the gold fund and global research. While the ambition is for the fund to grow, we will continue to remain laser focused on our goal — providing outsized returns to our investors through accurate capital allocation and research-based investing.
An Investor-first structure, by design.
Four principles that shape every decision we make — from how we invest to how we get paid.
Impeccable Capital Allocation
Agility and foresightedness to identify the prime asset class, market & product to provide the highest returns to you. We don't anchor to one market — we go where the opportunity is greatest.
"We allocate to the best opportunity, wherever it lives."
High Skin in the Game
We always begin funds by moving our own personal wealth into the same assets. So when we advise you to invest, it means we have already invested our own net worth in it.
"We only ask you to go where we've already gone."
Investor-Aligned Fee Structure
We create structures which help us benefit only when you benefit. We aren't playing the fee game — we are in the compounding game. No fixed fees. No quarterly charges.
"We make money only when you make money."
Global Perspective
We track macro trends worldwide and move capital across borders when the opportunity demands it. From India's manufacturing renaissance to the global gold re-monetisation cycle.
"Borders are irrelevant. Opportunity is not."
Two principles. One conviction.
Identify the Mega-Trend First
Before picking a stock, we ask: which macro force is large enough to create multi-year tailwinds? We invest in the intersection of structural change and mispriced assets — India's manufacturing renaissance, global gold re-monetisation, volatility regimes.
"Trend identification is 80% of the work."
Combine All Dimensions of Analysis
We run fundamental, sentimental and technical analysis in parallel. A cheap stock that the market hates and is technically breaking down is a trap. We look for all three to align before committing capital.
"Conviction is earned, not assumed."
People who put their money where their mouth is.
Vivek is the Founder and Partner at Rational - With over 10 years of experience in investment management and prior to that leading two start-ups, Vivek founded Rational with the aim of providing other investors the same opportunity of compunding wealth through dedicated capital allocation as he would create for himself. Vivek is diligent about creating opportunities for investors, is principled about safeguarding capital and compounding without unnecessary risks.
B.Tech (Mechanical), IIT Bombay · MBA, IIM Ahmedabad
Vishal is a Partner at Rational - With over 12 years of experience in investment management across both sell and buy side, Vishal brings with him a deep & rich understanding of equities, commodities & credit. Vishal has spent time with JP Morgan and RBC BlueBay creating a solid foundation of building thesis in assets and equities based on deep research, discplined process and pursuit of less-known opportunities
B.Tech, VJTI Mumbai · PG Finance, Cranfield University, UK
With over 20 years of experience in the financial services industry, Vikram is among the most seasoned professionals in India's asset management space. He has held leadership positions at some of the country's largest financial institutions, including Aditya Birla AMC and Old Bridge where he led sales and distribution and built a strong book for them. Vikram is taking Rational to its next level of growth while maintaining long-term partnerships with clients keeping an investor-first philosophy.
MBA, Edith Cowan University
Jaba Misra is an ex-strategy consultant & macroeconomist with 10 years of experience. As a strategy consultant with BCG & Mahindra Group, she has worked on financial services projects including building digital journeys, collections transformation, cost reduction, buy-side due diligence & investment projects. As a macroeconomist, she has worked with World Bank and Mahindra Group on macro and fiscal policy work across multiple countries. At Rational, she oversees macro research, operations, investor relations, compliance, legal and technology. Her macro training informs the firm's thematic research, while her operational breadth ensures Rational runs to institutional standards across every function.
MPhil Economics, Cambridge · MBA, ISB · Maths (Hons), Delhi University
Akshat is an Analyst at Rational, focused on investment research, quantitative analysis, and systematic trading strategies. He brings a rigorous, data-driven approach to evaluating equities and building the models that underpin the firm's absolute return strategy. He graduated with a Gold Medal in Economics from Delhi University and previously worked at Parbhudas Liladhar, one of India's leading institutional broking firms.
Gold Medalist, Economics, Delhi University
Before co-founding Rational, Krish built a four-decade career at the intersection of retail, finance, and general management — spanning India, Hong Kong, Taiwan, Thailand, the Philippines, and Japan. He served as President and CEO of Walmart India, CEO of Piramyd Retail, and Managing Director at A.S. Watson Group across multiple Asian markets. At Rational, he is a Co-Founder and Chairman, lending the firm a depth of institutional and operational experience that few investment managers can draw on.
CA & CS by training
Vivek is the Founder and Partner at Rational - With over 10 years of experience in investment management and prior to that leading two start-ups, Vivek founded Rational with the aim of providing other investors the same opportunity of compunding wealth through dedicated capital allocation as he would create for himself. Vivek is diligent about creating opportunities for investors, is principled about safeguarding capital and compounding without unnecessary risks.
B.Tech (Mechanical), IIT Bombay · MBA, IIM Ahmedabad
Vishal is a Partner at Rational - With over 12 years of experience in investment management across both sell and buy side, Vishal brings with him a deep & rich understanding of equities, commodities & credit. Vishal has spent time with JP Morgan and RBC BlueBay creating a solid foundation of building thesis in assets and equities based on deep research, discplined process and pursuit of less-known opportunities
B.Tech, VJTI Mumbai · PG Finance, Cranfield University, UK
With over 20 years of experience in the financial services industry, Vikram is among the most seasoned professionals in India's asset management space. He has held leadership positions at some of the country's largest financial institutions, including Aditya Birla AMC and Old Bridge where he led sales and distribution and built a strong book for them. Vikram is taking Rational to its next level of growth while maintaining long-term partnerships with clients keeping an investor-first philosophy.
MBA, Edith Cowan University
Jaba Misra is an ex-strategy consultant & macroeconomist with 10 years of experience. As a strategy consultant with BCG & Mahindra Group, she has worked on financial services projects including building digital journeys, collections transformation, cost reduction, buy-side due diligence & investment projects. As a macroeconomist, she has worked with World Bank and Mahindra Group on macro and fiscal policy work across multiple countries. At Rational, she oversees macro research, operations, investor relations, compliance, legal and technology. Her macro training informs the firm's thematic research, while her operational breadth ensures Rational runs to institutional standards across every function.
MPhil Economics, Cambridge · MBA, ISB · Maths (Hons), Delhi University
Akshat is an Analyst at Rational, focused on investment research, quantitative analysis, and systematic trading strategies. He brings a rigorous, data-driven approach to evaluating equities and building the models that underpin the firm's absolute return strategy. He graduated with a Gold Medal in Economics from Delhi University and previously worked at Parbhudas Liladhar, one of India's leading institutional broking firms.
Gold Medalist, Economics, Delhi University
Before co-founding Rational, Krish built a four-decade career at the intersection of retail, finance, and general management — spanning India, Hong Kong, Taiwan, Thailand, the Philippines, and Japan. He served as President and CEO of Walmart India, CEO of Piramyd Retail, and Managing Director at A.S. Watson Group across multiple Asian markets. At Rational, he is a Co-Founder and Chairman, lending the firm a depth of institutional and operational experience that few investment managers can draw on.
CA & CS by training
Built MILESTONE by milestone
Over a decade of investing, distilled into a fund that allocates your capital in the best opportunities.
Rational Family Office Launched
Entire real estate portfolio moved to Indian equities in 4–5 months at the pandemic bottom.
AIF Journey Begins
Launched India Long Only Flagship Fund at a market bottom. 100% deployed on Day 1 with high skin in the game.
Gold & Silver Miners Spotted
Deep macro analysis of US economy, gold purchases, fundamental demand for silver and miners balance sheet led to personal investment in gold and silver miners, far ahead of consensus.
Top Performing AIF in India
Delivered 80% post- tax return. Ranked #1 AIF in India for FY24.
First GIFT City Fund
Launched GIFT City Fund for global investors in Gold & Silver Miners. ~79% 1-year return.
80% on Miners' Fund
Delivered 80% pre- tax, post fee return on the Miners' Fund.
Ready to invest with people who invest with you?
Join investors who trust us with their long-term wealth creation — because our capital is always in alongside theirs.
