Trailblazers was written with one line in mind: “let’s own the names that are setting the move, not following it.” Inside the micro-cap universe, leadership shows up as a cluster of stocks that start outperforming other micro-caps over a few weeks, with volumes that say “real money is here”. That is very different from buying everything in the tail. We only want the part the market has already started to reward.

Start with the map, then make it tradeable
Every month we start from the NSE / Nifty Microcap 250 list — the cleanest map of India’s smallest listed names right now. From that, we knock out what can’t be run: very thin counters, names with complicating corporate actions, anything that fails basic tradability for that month. This is the part most “micro-cap” screens skip, and it’s why they die in live execution. A hunt is only useful if you can get in and get out.

Shape of the portfolio
Trailblazers usually holds 16–22 stocks. Higher-scoring names get a little more weight, but every stock and every mini-theme has a ceiling so that one overexcited micro-cap — or one micro-sector the market is obsessed with this month — can’t hijack returns. That’s important in 2025 because regulators are still watching for pockets where valuations look “off the charts” compared with fundamentals.

Why monthly, not quarterly
Micro-caps don’t trend like large-caps. Flows can cool very fast — small-cap funds were down up to 18% in 2025 YTD even though broader India growth stayed at 6.8–7.8%. If we wait a quarter to refresh, we’ll still be holding February’s heroes in May. So Trailblazers re-runs the whole signal stack every month: keep current leaders, add fresher ones, cut names that lost follow-through or became hard to trade. Mid-month we touch it only if a rule is broken — that keeps churn high enough to stay fresh, low enough to stay practical.

What the ride will feel like
When micro-caps are in favour — risk-on months, easy liquidity, domestic growth prints coming in at 7%+ — this portfolio will look exciting: several names moving together, lots of new entries. When the market crowds back into large-caps or after another “be careful” from the regulator, it will look flatter and rotate more. That is expected for a discovery, momentum-aligned, micro-cap sleeve.

Who should use it
Trailblazers is for investors who want to label a part of their portfolio “high-vol, early-move, rules-led” and mean it. It’s for people who already have a core and want to add something that can catch first movers in the newest part of listed India. It is not for someone who wants Nifty-like smoothness, or for anyone who hates seeing holdings change month to month.

Trailblazers keeps you at the front of India’s micro-cap tape — where leadership first appears — and uses rules to make that chase actually tradeable.