Affluense AI AFFLUENSE

India Growth

Lakewater Advisors Pvt Ltd
PMS Multi Cap & Flexi Cap
Benchmark
Nifty 50 TRI
Inception Date
20 June 2019
Min. Investment
₹50,00,000
SIP Available
No
STP Available
No

Investment Strategy

Investment Approach

Our investment philosophy is built upon core tenets that guide our selection process. We prioritize companies demonstrating strong corporate governance and possessing a sustainable competitive advantage, often referred to as a "moat." A critical element of our approach is the principle of "margin of safety," ensuring investments are made at a valuation below their intrinsic worth. We also place significant emphasis on businesses with robust research and development capabilities and a proven track record of innovation, enabling them to adapt and thrive. Furthermore, we favor companies with an asset-light business model and a debt-free financial structure, fostering resilience and flexibility. Finally, we believe in a patient investment horizon. Fundamentally, when we commit capital to a company, we are acquiring an ownership stake in the underlying business, not merely trading shares.

Investment Objective

Our investment philosophy prioritizes a deep comprehension of underlying business fundamentals over reliance on technical indicators and algorithmic trading strategies. We concentrate on the dynamics of economic behavior, evolving social trends, and consumer preferences, rather than solely analyzing intricate economic charts. Our approach is rooted in foundational principles.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH -1.21% -0.28% -0.93%
3 MONTHS 3.78% 6.33% -2.55%
6 MONTHS 1.37% 2.92% -1.55%
1 YEAR 3.34% 11.88% -8.54%
2 YEAR 3.77% 10.97% -7.20%
3 YEAR 10.30% 14.32% -4.02%
5 YEAR 7.67% 14.68% -7.01%
SINCE INCEPTION 10.11% 14.23% -4.12%

Calendar Year Performance

Year Return
CY 2025 3.34%
CY 2024 4.21%
CY 2023 24.62%
CY 2022 -20.94%
CY 2021 36.76%
CY 2020 27.40%
CY 2019 6.34%

Financial Year Performance

Year Return
FY 26_YTD 8.53%
FY 25 1.16%
FY 24 34.03%
FY 23 -20.88%
FY 22 22.05%
FY 21 88.51%
FY 20 -26.50%

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

Fund Managers

Pankaj Singhania

Co-founder & Fund Manager

Mr. Pankaj Singhania, Co-founder and Fund Manager, brings a unique blend of expertise to investment analysis. A Chartered Accountant, Cost Accountant, and former Civil Servant, he possesses a distinguished ability to assess company fundamentals alongside management quality, all within the purview of the legal framework. His extensive background in corporate evaluations, international taxation, investigations, and system audits equips him with a rigorous perspective on companies, firmly grounded in statutory compliance and corporate governance standards. Furthermore, his profound involvement in policy formulation and understanding of its subtle yet significant impact on corporate entities offers a distinct advantage. This confluence of macro-economic insight and micro-level company evaluation, coupled with over 25 years of experience and extensive engagement with leading industry figures, has culminated in sophisticated investment insights and strategies that transcend conventional market dynamics.

Portfolio Details

Portfolio Composition

Large Cap
46.16%
Mid Cap
11.85%
Small Cap
29.28%
Cash & Equivalent
12.71%

Top 5 Holdings

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

Top 5 Sectors

  • Financial Services 27.89%
  • Healthcare 7.58%
  • Power 7.32%
  • Metals & Mining 6.75%
  • Diversified 6.21%

Portfolio Characteristics

total number of stocks
N/A
top 5 stocks percent
N/A
top 5 sectors percent
55.75%
average market cap
N/A
portfolio age
6 Yrs, 6 Months
sip
Not Available
stp
Not Available

Fee Structure

Fixed Fee

AMC: 2%

Variable Fee

AMC: No Option

Hurdle: 12.00% or 20.00%

Profit Sharing: 10% Profit sharing above 12% Hurdle or 20% Profit sharing above 20% Hurdle

Exit Load

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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)