Small-cap stock research documentation service for fund managers
The Opportunity
Fund managers are struggling to deploy large inflows into small- and mid-cap stocks due to research and due-diligence bottlenecks. As funds drift toward large-caps (easier to analyze, liquid), they need unglamorous grunt work: on-ground company visits, financial document collection, competitor analysis, and quarterly tracking — all documented in standardized formats for investment committees.
Market Size
₹200-300 Cr addressable market — 500+ equity funds × ₹40-60 lakh annual spend on field research per fund
Business Model
B2B service: charge mutual funds ₹15,000-25,000 per company deep-dive (visit, financials collection, supplier/customer interviews, 20-page report). Recurring revenue from quarterly monitoring of 30-50 portfolio companies per fund client.
Per-company research reports: ₹15,000-25,000 × 8-12 reports/month = ₹1.2-3 lakh/monthQuarterly monitoring retainer: ₹30,000-50,000/month per fund client for 40-50 tracked companiesCompetitor intelligence packs: ₹5,000-10,000/pack, 2-3 packs/month
Your 30-Day Action Plan
Identify 10 small-cap focused fund managers in your city; call their analysts directly asking 'what company research do you outsource or skip?' Document pain points.
Complete 1-2 free pilot deep-dives for a willing fund; deliver 15-page reports with financials, management interviews, supply-chain verification.
Refine report template based on feedback; formalize pricing (₹20k/report). Pitch to 5 fund managers with pilot results.
Close first 2-3 retainer contracts (₹30-50k/month each). Hire 2 field researchers. Set up simple CRM to track monitoring schedules.
Compliance & Regulatory Angle
GST registered as 'Professional Services' (SAC 9985). No license required. Standard confidentiality agreements with fund clients. SEBI doesn't regulate research vendors directly.
Ready to Act on This Opportunity?
Generate a 7-step execution plan — validate the market, build the MVP, model the financials, map the risks, and ship in 30 days.