Affluense AI AFFLUENSE

Equity Multi Cap

Nirmal Bang Securities Pvt Ltd
PMS Multi Cap & Flexi Cap
Benchmark
S&P BSE 500 TRI
Inception Date
30 October 2023
Min. Investment
₹50,00,000
AUM (Cr.)
₹163.82
SIP Available
No
STP Available
No

Investment Strategy

Investment Approach

Our investment strategy focuses on identifying and acquiring high-growth businesses exhibiting strong fundamentals, at valuations that present a compelling long-term opportunity. We employ a market-agile approach to investment decision-making, ensuring timely adjustments to portfolio positioning in response to evolving market dynamics.

Investment Objective

The overarching goal is to establish an investment strategy aimed at achieving sustained capital growth through the allocation of capital to assets that offer competitive returns while maintaining sufficient liquidity.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH 1.02% -0.24% 1.26%
3 MONTHS 2.05% 5.02% -2.97%
6 MONTHS -2.83% 1.63% -4.46%
1 YEAR 0.28% 7.63% -7.35%
2 YEAR 9.08% 11.64% -2.56%
SINCE INCEPTION 16.04% 18.44% -2.40%

Calendar Year Performance

Year Return
CY 2025 0.28%
CY 2024 18.67%

Financial Year Performance

Year Return
FY 26_YTD 14.40%
FY 25 -0.35%

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

Fund Managers

Manish Ostwal

Fund Manager

Mr. Manish Ostwal, a Chartered Accountant, brings over two decades of expertise in the Indian financial markets. His journey at Nirmal Bang began as an investment analyst and advisor for proprietary account holders, culminating in his present capacity as Fund Manager for Nirmal Bang PMS, where he applies his substantial experience and acumen. Mr. Ostwal's investment approach prioritizes wealth generation, achieved by identifying companies with robust business models, sustainable competitive advantages, effective capital deployment, and strong corporate governance. With 20 years in investment management, he possesses a deep comprehension of global enterprises and excels in stock selection. His investment philosophy is predicated on acquiring high-quality businesses exhibiting exceptional growth prospects at opportune valuations.

Portfolio Details

Portfolio Composition

Large Cap
0%
Mid Cap
0%
Small Cap
0%
Cash & Equivalent
0%

Top 5 Holdings

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

Top 5 Sectors

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

Portfolio Characteristics

total number of stocks
N/A
top 5 stocks percent
N/A
top 5 sectors percent
N/A
average market cap
N/A
portfolio age
2 Yrs, 2 Months
sip
Not Available
stp
Not Available

Fee Structure

Variable Fee

AMC: 2%

Hurdle: 10%

Profit Sharing: 10%

Exit Load

Year 1: 1%

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)