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Basant Maheshwari PMS

PMS Rating

IME PMS Rating

3 of 5 stars

Not a top recommendation due to lack of long term credentials: While Basant Maheshwari is a known & seasoned investor, there is a difference in the way 3rd party money and personal money is managed. A lack of publicly available portfolio information, generic investment philosophy and the relatively short tenure of the PMS make it difficult to take a clear call on whether this is a good PMS to invest in. We do not recommend Basant Maheshwari PMS at this time, preferring to wait a bit until it has established a clear longer-term track record and also an increased level of public disclosures.

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 (266cr) | Promoter Category ()

PMS Background

Basant Maheshwari PMS is a relatively young PMS provider (founded in 2015) by Basant Maheshwari (the founder of investment blog theequitydesk.com).

PMS Investment Philosophy

Investing in companies with predictable and consistent earnings that are determined by: 

Liquidity, low interest path, Speculations, Leverage

Stock Selection

Identifying companies to invest in by having these characters: 

Business Model– Industry Tailwind, Management

Sector Leader & PE Ratio– Looking at Growth Rate, ROE

Free Cash Flow– ROCE

Market Capitalisation– Dividend Yield, Payout Rates

Net Profit Margin & Operating Profit Margin– Operating leverage, Debt Equity Ratio, Price to Book Value 

Inventory Days– Debtor days, Creditor days

Negative List 

Avoid investing companies where: 

  • Growth happens through repeated dilutions of equity and debt
  • Companies getting into unnecessary diversification 
  • company is making a lot of acquisitions 
  • Market Cap in relation to the size of the sector 
  • Stocks making new lows 
  • small micro caps with untested business models
  • cheap second line stocks in the later stages of a bull market
  • Leading stocks from leading sector of previous bull run
  • Cyclicals that are performing too well
  • Wide coverage, relative valuation and priced for perfection
  • Too much of showcasing  

Focus on companies with consistent earnings being a good business and having a good management in order to create value

Inv Team

Investment Team

Basant Maheshwari | 4-star rated FM

Founder & CIO | 18 yrs Experience | 9 yrs at current firm

Past Experience: TheEquityDesk.com (Founder)

Basant Maheshwari is a self-taught full-time investor, who founded a popular investor blog (theequitydesk.com) while also managing his own personal investments. He launched Basant Maheshwari PMS in 2015.

PMS/AIF Schemes

PMS & Listed Equity AIF Schemes

Returns as of 28-Feb-24.

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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.