facebook

Buoyant PMS

IME Rating

IME PMS Rating

5 of 5 stars

Buoyant Capital PMS, established in 2016, has a matured business with a strong performance track record. The firm has three founding Investment Team professionals with specific sector expertise. Their dynamic investment philosophy offers value, making them a good option for investors seeking an active and dynamic 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

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.  

Investment Team

Viral Berawala | 4-star rated FM

Director | 26 yrs Experience | 6 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 | 23 yrs Experience | 8 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 | 23 yrs Experience | 8 yrs at current firm

Past Experience: Enam, Reliance MF

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 & Listed Equity AIF Schemes

Returns as of 31-Jan-25

Free 30-Day Trial of the IME RMS

Details shared above, are only a short-snapshot of the more detailed analysis that resides in IME’s Proprietary RMS (Research Management Solution).

The IME RMS is the first tool ever, to give investors direct access to the insights of the central research team. Investors gain direct access to our ratings, rating rationales & analysis across thousands of funds (MFs, PMSs, AIFs, Global funds), asset classes, categories & more.

 Learn More