Old Bridge Capital PMS
Our view on their team, the pedigree, the funds & investment philosophy followed.
IME's Review of Old Bridge Capital PMS
| AMC Rating | Pedigree Rating | Team Rating | Philosophy Rating |
|---|---|---|---|
Upgrade | Upgrade | Upgrade | Upgrade |
AMC View
Old Bridge Capital is a boutique asset manager known for its quality-conscious, value-oriented investment approach. While relatively modest in size, the AMC has built a solid reputation under the leadership of Kenneth Andrade, particularly for its PMS strategy. Old Bridge is a strong contender in the PMS market with a successful flagship strategy that has outperformed the benchmark over 5 years, making it a viable option for investors.
AMC Pedigree
Founded in 2015 by Kenneth Andrade—former CIO of IDFC Mutual Fund—Old Bridge Capital brings a strong institutional pedigree to its portfolio management offerings. The firm has since expanded into mutual funds and AIFs. Old Bridge has grown steadily over the years, managing over ₹1,000 crore in PMS assets, supported by its reputation for disciplined investing and consistent stakeholder communication.
Team Pedigree
The investment team is led by Kenneth Andrade, a seasoned investor with over 30 years of experience in Indian equities, including a long tenure at IDFC Mutual Fund where he was known for successful small- and mid-cap strategies. As founder of Old Bridge, he ensures stability as the main fund manager and has assembled a strong team of research analysts for investment decision-making.
Investment Philosophy
Old Bridge follows a long-term, bottom-up investment philosophy centered on identifying structurally strong businesses with predictable cash flows and competitive moats. The strategy emphasizes business durability, capital efficiency, and valuation comfort, often leaning toward under-researched mid-cap companies. The portfolio construction is concentrated and benchmark-agnostic, reflecting the team’s high-conviction, buy-and-hold style.
PMS Background
Old Bridge Capital was founded in 2015 by Kenneth Andrade (a highly seasoned investor and ex-CIO of IDFC MF). In a fairly short period of time, Old Bridge has scaled up rapidly to over 800 cr of discretionary equity assets, on the back of Kenneth’s strong investment track record (especially in small and mid-caps) and distribution relationships.
AMC backed by seasoned Founder Old Bridge has scaled up rapidly due to Keneth's strong investment track record at IDFC MF. It had suffered a little, partly due to timing and weights in mid and small-cap companies. However, the AMC has the credentials and the pedigree to emerge as a strong player in the market.PMS Investment Philosophy
Limiting capital losses by focusing on the durability of businesses and a margin of safety.
Old Bridge follows a long-term buy-and-hold strategy in enduring businesses with an emphasis on limiting capital losses (a high margin of safety). The focus is on durability of businesses (which is where the name old bridge come from – as bridges are built to last for the long-term with a carrying capacity higher than expected loads).
Investment team
Kenneth Andrade | 5-star rated FM
Founder & CIO | 33 yrs Experience | 10 yrs at current firm
Past Experience: IDFC AMC (CIO), Kotak AMC (FM), Sharekhan (Head-Portfolio Advisory)
Kenneth has close to 30 years of investments experience, which included his role as CIO of IDFC AMC prior to founding Old Bridge Capital. Under Kenneth, IDFC MF was one of the fastest growing AMCs in India and Kenneth was instrumental in building the firm's equity franchise.
Recommended Funds
Old Bridge Capital All Cap
Experience the benefits of working with a 'research-first' investments firm
Free 15-Day Trial of IME RMS App
Get complimentary access to the revolutionary IME RMS App (direct access to IME's central team insights across 1000's of MFs, PMSs, AIFs & Global funds - a first in the industry).
Additionally, a dedicated private banker will help build your financial plan, investment mandate & undertake a comprehensive portfolio review for free.
