Independent equity research · Indian markets & REITs
Evidence over narrative.
Arthaay publishes transparent, data-first research on Indian equities and REITs — with every position, every number, and every methodology documented in the open.
Every decision is documented before outcomes are known.
Free Forever • Twice a Month • No tips or predictions
Get the Public Ledger & Research Notes — Free, Twice a Month
Transparent portfolio decisions + full research. No tips. No spam.
Subscribe Free →For educational purposes only. Not investment advice. Read our full Disclaimer.
Real Portfolio, Real Numbers
₹68,161.8
Current portfolio value
6
Holdings
₹1,911.25
Unrealised Gain
31/08/2026
Last Updated
Latest Content
The Public Ledger · Issue 3
The Public Ledger — Issue 03
Monthly Portfolio Update — holdings, transactions, performance, and benchmarking for August 2026.
01/09/2026
Read the Ledger →Research Note · Issue 2
Varun Beverages: Beyond the Growth Numbers
What volume growth, realisations, margins and international expansion reveal about VBL's next phase.
15/08/2026
Read the Note →The Process
01
Every decision documented before the outcome
02
Full portfolio always public
03
Mistakes remain in the record
1st of every month
The Public Ledger
A full, transparent record of current holdings, changes made, and the reasoning behind them.
15th of every month
Research Note
Deep, evidence-based coverage of a single company or REIT — thesis, risks, and valuation laid out in full.
What We Believe
Business performance is the primary driver of investment outcomes over the long term.
Valuation sets the boundaries of a reasonable outcome — it does not predict the outcome itself.
Intellectual honesty matters more than being right on any single investment.
Why Arthaay Exists
Investing doesn't suffer from a lack of information — it suffers from a lack of transparency.
Few creators publicly show their own portfolios, document every decision as they make it, or maintain a long-term record a reader can go back and verify. Arthaay exists to change that — every month adds to a public record that doesn't get quietly edited when a call goes wrong.
Not stock tips. Not predictions. Not hype.
- Documented process — every decision has a written thesis behind it.
- A framework, not a tip — reasoning you can apply elsewhere.
- A public record — holdings and history, not a highlight reel.
- Full transparency — the portfolio is visible to everyone, always.
- A long-term lens — built for years of compounding, not this week's headline.
What You'll Gain
- See how investment decisions are actually made — before the outcome, not after.
- Follow a real portfolio through full market cycles.
- Read the reasoning behind a position, not just the position itself.
- Watch both the calls that worked and the ones that didn't, documented publicly.
- Build a long-term investing mindset, at your own pace.
Who Arthaay Is For
- Prefer evidence over market hype.
- Want to become better long-term investors, not better traders.
- Value transparency and accountability over confident predictions.
- Enjoy understanding a business, not just its stock price.
- Want to learn alongside a real investing journey, mistakes included.
Built to Compound
Arthaay isn't a series of isolated newsletters — it's an ongoing, dated record. Every Ledger entry and Research Note adds another chapter, building a continuous trail of real decisions and real outcomes.