Bellwether PMS
PMSIME's View on Bellwether PMS
AMC View
Bellwether Capital offers a niche, high-conviction investing strategy. The AMC has a strong core investments team with 18+ years of experience, demonstrating its expertise in investment management.
AMC Pedigree
Bellwether Capital is an AMC with a solid core investments team and a proven longer-term track record, demonstrating its strong credentials in the industry.
Team Pedigree
Bellwether Capital PMS has a experienced investments team led by co-founders Miten Mehta and Ranjit Dongre, who have over 50 years of combined investments experience. Miten previously worked at Credit Suisse and Ranjit at Rothschild before establishing Bellwether Capital.
Investment Philosophy
Bellwether Capital follows a bottom-up, sector-agnostic investment philosophy focused on long-term wealth creation through ownership of fundamentally strong businesses. The firm avoids market timing and speculation, instead relying on deep, research-driven stock selection. It looks for scalable companies trading at a significant discount to intrinsic value, with a track record of earnings growth, cost efficiency, prudent capital allocation, and low financial leverage. Preference is given to businesses ranked among the top 2–3 in their industries, with high return on investment potential and sensible use of cash.
AMC Background
Bellwether Capital was founded in 2019 by Miten Mehta and Ranjit Dogra and focuses on high-conviction, quality-growth equity strategies in Indian markets. The firm is backed by a strong core investment team with over 50 years of combined experience. Miten Mehta previously worked at Credit Suisse, while Ranjit Dogra was with Rothschild prior to co-founding Bellwether. Despite being a relatively young platform, the firm has established early credibility through disciplined execution and a long-term, high-conviction investment approach.
Investment Philosophy
Bellwether follows a value-oriented investment philosophy grounded in the belief that, over time, a company’s stock price converges with its intrinsic business value. The strategy seeks to identify businesses trading at a meaningful discount to their underlying value, thereby offering attractive long-term risk–reward opportunities.
Portfolios are constructed in a customized manner, tailored to individual client risk profiles, while maintaining the firm’s core principles of quality, valuation discipline, and long-term ownership.
Investment team
Miten Mehta | 4-star rated FM
Founder & Fund Manager | 36 yrs Experience | 22 yrs at current firm
Past Experience: Credit Suisse
Miten comes with over 3 decades in the investing industry, having worked at Credit Suisse prior to setting up Bellwether Capital in Apr-2004.
Ranjit Dongre | 4-star rated FM
Director | 32 yrs Experience | 22 yrs at current firm
Past Experience: HSBC Securities, Arthur Andersen, NM Rotschilds
Ranjit Dogre is the co-founder and current director of Bellwether. With over three decades of experience in the industry, he has been a pivotal part of the company for more than twenty years. His previous roles include positions at HSBC Securities, Arthur Andersen, and Rothschilds. Ranjit is a Chartered Accountant and a Cost Accountant.
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Bellwether Long Term Growth
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