Awriga PMS
PMSIME's View on Awriga PMS
AMC View
Awriga is a boutique, partner-led PMS firm that blends institutional-quality research with a focused approach. Backed by 2 seasoned investment professional, Awriga makes for a good option for investors.
AMC Pedigree
Founded in 2017, the AMC has steadily built a reputation. While relatively under the radar compared to larger peers, Awriga’s lean structure, experienced leadership, and long-term orientation make it well-suited for investors seeking high-conviction portfolios.
Team Pedigree
The founding team of Awriga has a strong pedigree of accomplishments and significant fund management experience. Awriga Capital Advisors is co-founded by Jinal Sheth and Gokul Maheshwari, both bringing strong investment track records and institutional expertise. The founding partners collectively have over three decades of experience.
Investment Philosophy
Awriga follows a disciplined, four-step investment process anchored in: fundamental analysis, valuation approach, behavioral analysis, and portfolio construction. The strategy focuses on investing in high‑quality companies trading below intrinsic value, while concurrently analyzing investor behavior to avoid herd-driven mispricing. Portfolios are kept compact (typically 15–20 names), with allocation calibrated to business quality and liquidity.
AMC Background
Awriga Capital, though relatively young, has demonstrated strong credibility through rapid scaling and a seasoned founding team. Co-founders Jinal Sheth and Gokul Maheshwari bring significant fund management experience and a strong pedigree of accomplishments. Jinal Sheth, with 15 years of experience, previously led the PMS division at Multi-Act Equity, overseeing AUM growth from ₹10 Cr to ₹800 Cr. Gokul Maheshwari, a CA and CFA Charterholder, was the youngest-ever partner at a $1 billion Hong Kong-based long-only fund, with expertise across Asian equities, including Hong Kong, Indonesia, and India.
Investment Philosophy
Awriga PMS employs a disciplined, four-step investment approach:
- Fundamental Analysis: Conducts in-depth evaluations of selected companies, focusing on industry structure, performance across business cycles, robust financials with an emphasis on cash flow, and trustworthy management.
- Valuation Approach: Utilizes methods such as historical price bands, private market valuations, and, occasionally, discounted cash flow (DCF) analysis to inform investment decisions.
- Behavioral Analysis: Examines long-term price trends to identify market over- or under-exuberance, aiding in risk mitigation and supporting contrarian viewpoints.
- Portfolio Construction: Builds portfolios typically comprising 15-20 companies, assigning weights based on business quality and stock liquidity. High-quality businesses purchased at attractive prices receive higher allocations, while others are weighted according to value and earnings visibility.
Investment team
Jinal Sheth | 3-star rated FM
Founding Partner | 18 yrs Experience | 6 yrs at current firm
Past Experience: Multi-Act (PM), Sentry (PM), AMSEC (Analyst)
Jinal Sheth is the Founding Partner at Multi-Act Equity, with over 15 years of experience in equity markets. He has expertise in managing global and Indian companies, having previously headed the Portfolio Management Services business at Multi-Act Equity for 8 years, where he successfully grew assets under management from approximately ₹10 crore to ₹800 crore. Jinal holds a Master’s Degree in Finance from Boston, USA.
Gokul Maheshwari | 4-star rated FM
Founding Partner | 25 yrs Experience | 6 yrs at current firm
Past Experience: Moasic Advisors (Sr Partner), Multi-Act (Sr Research Analyst)
Gokul Maheshwari is the Founding Partner with expertise in Asian equity markets. A Chartered Accountant and CFA Charter holder, he was the youngest partner at a ~$1 billion Hong Kong-based Long-Only fund, where he worked across markets in Hong Kong, Indonesia, and India. Most recently, Gokul headed the India operations, gaining strong domain knowledge and experience in building successful teams across diverse geographies and cultures.
