Opportunities

Buoyant Capital Pvt Ltd
PMS Multi Cap & Flexi Cap
Benchmark
S&P BSE 500 TRI
Inception Date
1 June 2016
Min. Investment
₹50,00,000
AUM (Cr.)
₹8024.61
SIP Available
No
STP Available
No

Investment Strategy

Investment Approach

We adopt a proactive investment approach designed to maximize returns, which transitions to a capital preservation strategy when risk mitigation becomes paramount. This dynamic allocation between our Core and Satellite portfolios involves systematically adjusting asset weights in response to prevailing market environments and emerging investment prospects. Successful implementation of this strategy necessitates astute market observation, steadfast execution, and a profound comprehension of the economic drivers influencing various market cycles.

Investment Objective

The fundamental objective is to achieve superior investment returns across various market cycles. In an aggressive market stance, the primary emphasis is on alpha generation. The core portfolio allocation may be reduced to a minimum of 30%, with satellite holdings, including cyclical, turnaround, and value-oriented investments, potentially comprising up to 70%. When adopting a defensive strategy, the paramount consideration is capital preservation. In this scenario, the core portfolio allocation can be increased to a maximum of 70%, while satellite holdings are scaled back to a minimum of 30%.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH 0.03% -0.24% 0.27%
3 MONTHS 7.11% 5.02% 2.09%
6 MONTHS 5.19% 1.63% 3.56%
1 YEAR 16.59% 7.63% 8.96%
2 YEAR 17.67% 11.64% 6.03%
3 YEAR 24.79% 16.40% 8.39%
5 YEAR 27.72% 16.82% 10.90%
SINCE INCEPTION 21.94% 15.32% 6.62%

Calendar Year Performance

Year Return
CY 2025 16.59%
CY 2024 18.78%
CY 2023 40.34%
CY 2022 3.20%
CY 2021 69.41%
CY 2020 11.48%
CY 2019 7.15%
CY 2018 -20.10%
CY 2017 106.29%
CY 2016 0.40%

Financial Year Performance

Year Return
FY 26_YTD 17.92%
FY 25 15.59%
FY 24 44.50%
FY 23 6.62%
FY 22 43.27%
FY 21 112.07%
FY 20 -40.24%
FY 19 -3.91%
FY 18 46.85%
FY 17 24.17%

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

Fund Managers

Sachin Khivasara

Portfolio Manager

With over nineteen years of dedicated experience in the Indian capital markets, Sachin brings a wealth of expertise. He holds professional qualifications as a Chartered Accountant and a Graduate Cost and Works Accountant. His career has included significant tenures with prominent investment management firms such as Enam Holdings, a substantial family office, and Reliance Mutual Fund, one of India's largest mutual fund houses. Sachin's core competency lies in the strategic identification of undervalued and under-researched companies with the potential to generate superior risk-adjusted returns over medium to long-term investment horizons. Beyond his professional pursuits, Sachin is a practitioner of Pranayama and Yoga, engaging in regular travel to deepen his understanding and practice in these areas.

Jigar Mistry

Fund Manager

With over two decades of dedicated experience in research and investment management, Jigar brings a wealth of expertise. He holds the designation of Associate Member of the Institute of Chartered Accountants of India (ICAI) and is a CFA charterholder. Before establishing Buoyant, his professional tenure included a Directorship in Research at HSBC.

Viral Berawala

Fund Manager

**Professional Experience** * **Director**, Buoyant Capital (2019 – Present) * **Chief Investment Officer**, Essel Mutual Fund (2017 – 2019) * **Chief Investment Officer**, Reliance Nippon Life Insurance (formerly Reliance Life) (2013 – 2017) * **Assistant Fund Manager**, Nippon India Mutual Fund (formerly Reliance Mutual Fund) (2007 – 2013) * **Manager, Finance**, Tata Consultancy Services (1999 – 2006) **Education** * Bachelor of Commerce (B.Com.) * Chartered Accountant (CA) * Master of Business Administration (MBA) – Indian Institute of Management, Ahmedabad **Areas of Research Expertise** * Information Technology * Real Estate * Retail & Fast-Moving Consumer Goods (FMCG) * Oil & Gas * Insurance

Ms. Natasha Lulla

Portfolio Manager – PMS Investment

Ms. Natasha has more than 9 years of experience in equity research and fund management. Natasha was working with Goldman Sachs as an equity analyst covering India Materials sector before joining Birla Sun Life PMS. She was doing Portfolio Strategy for ASEAN regions while working with Goldman. She holds a Masters in Business Administration in Finance and Marketing from Management Development Institute, Gurgaon, where Natasha was the Gold Medallist for each of the two years. She was also awarded a Gold Medal for achieving the 1strank in the Finance stream. Natasha Lulla graduated in Economics from Lady Shri Ram College, New Delhi and with the top 1% in Delhi University.

Portfolio Details

Portfolio Composition

Large Cap
51.17%
Mid Cap
22.66%
Small Cap
14.03%
Cash & Equivalent
7.16%

Top 5 Holdings

  • Cash & Cash Equivalents 7.16%
  • Axis Bank Ltd 5.75%
  • ICICI Bank Ltd. 4.99%
  • State Bank Of India 4.94%
  • Shriram Finance Limited 4.93%

Top 5 Sectors

  • Financial Services 39.95%
  • Healthcare 8.96%
  • Fast Moving Consumer Goods 5.16%
  • Automobile and Auto Components 4.89%
  • Chemicals 4.80%

Portfolio Characteristics

total number of stocks
40
top 5 stocks percent
27.77%
top 5 sectors percent
63.76%
average market cap
312597.10
portfolio age
9 Yrs, 6 Months
sip
Not Available
stp
Not Available

Fee Structure

Fixed Fee

AMC: 2%

Variable Fee

AMC: 1%

Hurdle: 12%

Profit Sharing: 15%

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)