Long Term Growth

Avestha Fund Management LLP
PMS Multi Cap & Flexi Cap
Benchmark
S&P BSE 500 TRI
Inception Date
1 November 2017
Min. Investment
₹2,00,00,000
AUM (Cr.)
₹1409.63
SIP Available
No
STP Available
No

Investment Strategy

Investment Approach

Our investment philosophy centers on constructing a concentrated portfolio, typically comprising 12 to 18 meticulously selected equity holdings. This approach is underpinned by a conviction in a buy-and-hold strategy, enabling us to fully realize the potential of our identified equity characteristics. Our stock selection process is entirely sector-agnostic, driven by a rigorous bottom-up fundamental analysis.

Investment Objective

We aim to facilitate enduring wealth accumulation by strategically allocating capital to fundamentally sound equities, seeking to leverage advantageous risk-reward profiles. Our investment selection process will be predominantly guided by an assessment of balance sheet robustness, promoter track record, capital utilization effectiveness, business scalability and expansion prospects, and the potential for significant operational transformation.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH -2.27% -0.24% -2.03%
3 MONTHS 3.18% 5.02% -1.84%
6 MONTHS -8.95% 1.63% -10.58%
1 YEAR -1.73% 7.63% -9.36%
2 YEAR 11.98% 11.64% 0.34%
3 YEAR 18.63% 16.40% 2.23%
5 YEAR 23.76% 16.82% 6.94%
SINCE INCEPTION 16.48% 13.71% 2.77%

Calendar Year Performance

Year Return
CY 2025 -1.73%
CY 2024 27.61%
CY 2023 33.19%
CY 2022 13.91%
CY 2021 52.63%
CY 2020 13.37%
CY 2019 10.95%
CY 2018 -8.39%
CY 2017 3.90%

Financial Year Performance

Year Return
FY 26_YTD 9.80%
FY 25 21.35%
FY 24 28.71%
FY 23 19.20%
FY 22 27.13%
FY 21 70.29%
FY 20 -21.13%
FY 19 5.04%
FY 18 -3.53%

Past performance is not indicative of future results. Returns are subject to market risks.

Fund Managers

Farokh Pandole

Founder and Portfolio Manager

Mr. Pandole holds an Honors degree in Economics from Harvard College (1992) and an MBA in Finance from The Wharton School (1995). Prior to his career in finance, he achieved recognition as a Junior National Squash Champion, representing India on multiple occasions. His professional experience includes a tenure as Vice-President and a key member of the investment team at Alliance Capital Mutual Fund from 1995 to 2000. In this role, he oversaw the management of US$250 million in assets, encompassing both Foreign Institutional Investor (FII) and Mutual Fund portfolios. He also contributed to investment strategy through his role in Asian Coverage Research, providing critical insights for Alliance-DLJ, a US$100 million Private Equity Fund at the time. Transitioning to the sell-side, Mr. Pandole served as Head of Indian Equity Distribution at Citigroup Global Markets from 2000 to 2009. Subsequently, he held the position of Director, Equity Sales at Bank of America-Merrill Lynch until 2013. Most recently, Mr. Pandole managed equity portfolios at HDFC Life, where he consistently achieved significant outperformance against relevant benchmarks.

Portfolio Details

Portfolio Composition

Large Cap
15.37%
Mid Cap
28.85%
Small Cap
55.29%
Cash & Equivalent
0.49%

Top 5 Holdings

  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A

Top 5 Sectors

  • Defense 19.34%
  • Manufacturing 12.46%
  • Auto & Auto Components 12.33%
  • Healthcare Services 10.21%
  • Chemicals 8.64%

Portfolio Characteristics

total number of stocks
N/A
top 5 stocks percent
N/A
top 5 sectors percent
62.98%
average market cap
9263.57
portfolio age
8 Yrs, 1 Months
sip
Not Available
stp
Not Available

Fee Structure

Fixed Fee

AMC: 1%

Variable Fee

AMC: No Option

Hurdle: 0%

Profit Sharing: 5% of the gains earned on the portfolio with high watermark

Exit Load

Year 1: 0%

Year 2: 0%

Year 3: 0%

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Disclaimer

Returns are as of 2025-12-31. Returns for periods up to one year are not annualized. Returns for periods exceeding one year are annualized. Returns are computed using the Time Weighted Rate of Return (TWRR) methodology and are provided by the respective Asset Management Companies (AMCs). 'ND' denotes 'No Data', and 'NA' denotes 'Not Applicable'. The performance of the respective Benchmark Indices is presented above. Benchmark(s) are as defined in SEBI circular no. SEBI/HO/IMD/IMD-PoD-2/P/CIR/2022/172 dated December 16, 2022, APMI circular no. APMI/2022-23/02 dated March 23, 2023, and Revised Annexure-1.

This page is provided solely for general informational purposes in relation to the strategy and is based on publicly available information. While reasonable care has been taken to ensure accuracy, the information may not reflect the most recent updates.

Nothing on this page constitutes investment, financial, or legal advice. Investment decisions should be made after consulting a qualified advisor and reviewing official scheme documents.

Last Updated: January 2026 · Published by Affluense AI (affluense.ai)