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Avestha PMS

PMS Rating

IME PMS Rating

3 of 5 stars

Not a top recommendation as it is still a young AMC at this time : While there are positives to Avestha PMS (a seasoned core investment team, long-term investment approach), we would rather wait for the PMS to mature prior to recommending it as an investment option. This is primarily driven by factors such as the team's core experience being different from that of running concentrated mandates, the short-age of the PMS strategies, a lack of publicly disclosed portfolios and a high initial ticket size (2cr+) for a PMS that is still to establish its longer-term credentials.

The PMS/AIF AMC Rating is derived on the basis of our analysis on 5 key qualitative parameters that we use to analyse the quality of a PMS/AIF Provider. These include an assessment of the size of the AMC, the pedigree of the AMC, the pedigree of the team, the value of the investment philosophy & the level of differentiation. These insights of our central research team are documented in the IME RMS, and can be accessed during a consultation call with an IME PMS specialist.

PMS Background

Discretionary AUM (682cr) | Promoter Category ()

PMS Background

Avestha PMS was founded in Nov-2017 by Farokh Pandole (a highly seasoned investor with a strong equities track record).

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.

Inv Team

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.

PMS/AIF Schemes

PMS & Listed Equity AIF Schemes

Scheme Category Style 1 yr 3 yr 5 yr Since Inc
Avestha Growth Flexi Cap GARP 28 24.7 23.1 16.4

Returns as of 28-Feb-24.

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Details shared on the public website, are only a short snapshot of the more detailed analysis that resides in our Proprietary Research Management Solution (RMS) – A proprietary cloud-based tool, that ensures that the unbiased research insights of our central research team are shared directly with investors.

Our RMS allows us to operate with a level of transparency, ethics & consistency of insights, that is unparrarelled in the industry. Our RM’s will help showcase the PMS/AIF options that are the most suited for your unique requirements.

Download Sample RMS Reports: AMC View | Scheme Comparison

Note: PMS AMC & Scheme Reviews and Ratings are based on IME Capital’s Proprietary Review and Rating Methodology (read more here: AMC Rating & Scheme Ratings). These reflect the unbiased views of our central research team, based on our assessment of the investment value of these PMS/AIF strategies for our investors. We follow a highly stringent rating-criteria, where approximately 50% of PMS AMC’s & strategies would be rated 2-star or below (this is not meant to indicate that these funds are not investment-worthy, but that they do not currently fulfill the requirements we focus on for recommending funds to our investors — based on our internal views on the merit of the AMC/strategy relative to peers). Reviews & Ratings are primarily based on research of publicly available information (SEBI disclosures, PMS websites, PMS-aggregation platforms, webinar recording, media interviews etc.) and no explicit consent is required from AMCs for the same. While we endeavour to do further due-diligence via direct interactions with the investment teams of AMCs, this is typically restricted to AMC’s that meet our foundational fund selection criteria (reviews on lower-rated AMCs are often based solely on publicly available information). The views reflected in our Reviews & Ratings, are our independent views and may not be shared by the AMC’s and the investment teams. Please read detailed disclaimer for more.