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 November 2017 by Farokh Pandole, a seasoned equity investor with a strong track record across sell-side research, equity sales, and portfolio management. Farokh brings over 13 years of experience, including roles covering Asian markets at Alliance-DLJ and managing equity portfolios at HDFC, giving him a holistic perspective across research, markets, and portfolio construction. While the PMS is led by an experienced investor, the strategies are relatively young and are yet to be tested across multiple market cycles.
PMS Investment Philosophy
Avestha PMS aims to generate long-term wealth through a concentrated portfolio of approximately 12–18 high-quality businesses. Stock selection is bottom-up and sector agnostic, with emphasis on balance sheet strength, promoter track record, capital efficiency, and long-term growth runway. The strategy adopts a long-term ownership mindset with low portfolio turnover, focusing on compounding returns through sustained business quality rather than frequent trading.
Suitable For
Investors seeking a long-term, concentrated portfolio of high-quality companies, managed by a seasoned portfolio manager, and who are comfortable with a relatively short strategy track record.
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.
Recommended Funds
Avestha Growth
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