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Buoyant PMS

PMS Rating

IME PMS Rating

5 of 5 stars

Highly recommended for Investors seeking a more Active & Dynamic Strategies: Buoyant Capital PMS has a number of positives in it's favour. Set up in 2016, they have now matured in terms of years in business & the performance track record has been established. The firm benefits from 3 founding Investment Team professionals - each of whom come with strong pedigree and specific sectoral expertise). Their highly dynamic investment philosophy & approach, is highly differentiated and does have value, though the key does lie in how well this is executed. Bouyant is a very good option for investors seeking more a active & highly dynamic investment approach.

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 (1171cr) | Promoter Category ()

PMS Background

Bouyant Capital PMS is a young PMS house (established in 2016) that is run by two credible investment managers – Sachin Khivasara & Jigar Mistry.

PMS Investment Philosophy

Investing through cycles utilizing Core & Satellite method of Portfolio Construction: 

  • Core: Preferring predictable Cash Flows rather than optional; Reinvestment (Preferring Dividend Yield versus Growth); Preferring industry Leaders rather than challengers.
  • Satellite: Investing in cyclicals (such as Metals, CVs, NBFC); Companies making a Turnaround (like Disruption ending: Bharti Airtel); Value (leader largely expensive). 

Investing also based on cyclical stance- Aggressive Cycle stance; Defensive Cycle Stance 

Aggressive Cycle stance ( Core-30% Satellite-70%)– The main aim is to generate superior returns by focusing more on Satellite allocation rather than Core. 

Defensive Cycle Stance (Core-70% Satellite-30%)– The aim is to protect Capital by focusing on Core allocation rather than Satellite allocation.  

Inv Team

Investment Team

Viral Berawala | 4-star rated FM

Director | 25 yrs Experience | 5 yrs at current firm

Past Experience: CIO (Essel Mutual Fund), CIO (Reliance Nippon Life Insurance), Head – Equities (Reliance Nippon Life Insurance), Assistant Fund Manager (Reliance Mutual Fund), Equity Research Analyst (Reliance Mutual Fund)

Viral Berawala comes with 22 years of experience. He started his career with TCS as an IT Analyst in 1999. It was only in April 2007 that Viral had started his investment management career as an Equity Research Analyst at Reliance Mutual Fund. He steadily rose through the ranks at Reliance to become CIO at Reliance Life Insurane, a position he held for about 5 years.

Jigar Mistry | 4-star rated FM

Co-Founder | 22 yrs Experience | 7 yrs at current firm

Past Experience: Director, Materials Group (HSBC), SVP (Quant Capital), Research Analyst (Kotak Investment Banking), Research Analyst (Prabhudas Lilladher Pvt Ltd)

Jigar Mistry has over 18 years of experience in Indian Capital Markets. He is CA and a CFA Charter holder. Jigar has extensive experience as a sell-side analyst in leading broking houses like HSBC and Kotak Institutional Equities. His expertise lies in conducting detailed research with strong on-the-ground checks.

Sachin Khivasara | 4-star rated FM

Portfolio Manager | 22 yrs Experience | 7 yrs at current firm

Sachin has over nineteen years of experience in Indian Capital Markets. Sachin has worked extensively with leading Investment Managers like Enam Holdings and Reliance Mutual Fund.

PMS/AIF Schemes

PMS & Listed Equity AIF Schemes

Scheme Category Style 1 yr 3 yr 5 yr Since Inc
Buoyant Opportunities Flexi Cap Flexible 45.7 29 25.5 22.9

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.

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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.