Avestha PMS
PMSIME's View on Avestha PMS
AMC View
Avestha is a boutique PMS provider that offers concentrated equity portfolios. Founded in November 2017, the firm has built a solid presence with its Growth PMS strategy, offering a disciplined, bottom‑up investment framework that marries quality business fundamentals with upside potential.
AMC Pedigree
Founded in 2017 by Farokh Pandole, Avestha has scaled across a single multicap/flexicap product, reflecting confidence in his investment vision.
Team Pedigree
The PMS is driven by Farokh Pandole, Harvard-educated (Honors Economics, 1992; Wharton MBA, 1995), with over 25 years in public markets including sell-side and institutional roles. He is the sole portfolio manager for Avestha Growth PMS, supported by a lean but focused team. Farokh’s background—spanning Alliance, Citi, BofA, and HDFC Life—provides a strong foundation in both research and portfolio management.
Investment Philosophy
Avestha Growth PMS follows a focused, bottom-up, quality-and-growth framework with low churn. Investments are made in 12–18 high-conviction stocks selected based on strong balance sheets, promoter credibility, capital efficiency, scalability and growth runway. The strategy is sector‑agnostic, benchmark‑agnostic, and emphasizes long-term compounding from quality businesses bought at reasonable valuations. It aims to capitalize on asymmetric risk-reward via concentrated portfolios and deep fundamental diligence.
PMS Background
Avestha PMS was founded in Nov-2017 by Farokh Pandole (a highly seasoned investor with a strong equities track record). Although run by a seasoned investor, PMS House yet to mature Farokh is experienced in sell-side and equity sales for 13 years. He has also had experience in Asian coverage at Alloance-DLJ. Prior to joining Avestha he was managing an equity portfolio at HDFC which gives him a holistic view of hist investment. Although Avestha is run by an experienced investor the strategies are yet to mature as they have a short tenure.PMS Investment Philosophy
Avestha PMS aims to generate long-term wealth, by investing in a concentrated portfolio (12-18 stocks) of high quality businesses (based on BS strength, promoter history, capital efficiency and growth runway). The aim is to be long-term investors in these businesses with a low portfolio turnover. Stock selection is on a bottom-up basis on a sector agnostic basis.Investing in concentrated portfolio of high quality business for long term bases using Bottom-Up Approach.
Suitable For Suitable for investors seeking for a long-term concentrated portfolio of high quality companies managed by a seasoned portfolio manager.Investment team
Farokh Pandole | 4-star rated FM
Founder & Portfolio Manager
Past Experience: Equity Portfolio Manager (HDFC Life), Head of Indian Equity Distribution (Citigroup Global Markets), VP (Alliance Capital Mutual Fund)
Farokh Pandole's experience includes sell-side and equity sales roles for 13 years. His experience in Private Equity and Asian coverage at Alliance-DLJ before managing an equity portfolio at HDFC Life gives him a holistic view of his investments.
