The Newway Bright Stock Fund (Newway Fund), founded by J. K. Negi (Negi) in 1991 with an initial investment of Rs. 15 million, focused on value investment with the objective of long-term capital appreciation in the first two decades of its existence. This investment approach helped Newway Fund grow from a small firm to a mid-size close-ended investment company by the end of 2014, with its corpus size crossing Rs. 750 million. It provided good returns and grew at a CAGR of around 11% in the first two and half decades of its establishment...
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