Avestha Growth
Avestha PMS | Equity | | PMSIME's View on Avestha Growth
Strategy
Investment Fund
A combination of an experienced investments professional with reasonable performance, indicates that Avestha Growth can be considered for investments.
Fund's Strategy View
Concentrated Portfolio (12-18 holdings). Buy-&-Hold Strategy that allows ample room for recognition of our preferred equity characteristics. Sector Agnostic as stock selection approach will be bottom-up. It finds principal basis in Balance sheet strength, Promoter history, Capital efficiency and Business Scalability/Growth runway.
Fund Performance
The fund has outperformed peers in the last 5 year trailing returns. In terms of longer-term annual performance, performance has been consistent, with the fund having outperformed it's benchmark in over 60% of annual calendar years.
IME's View on Avestha PMS
View on AMC
Avestha is a boutique PMS provider that offers concentrated equity portfolios. Founded in November 2017, the firm has built a solid presence with its Growth PMS strategy, offering a disciplined, bottom‑up investment framework that marries quality business fundamentals with upside potential.
AMC's Pedigree
Founded in 2017 by Farokh Pandole, Avestha has scaled across a single multicap/flexicap product, reflecting confidence in his investment vision.
AMC Team
The PMS is driven by Farokh Pandole, Harvard-educated (Honors Economics, 1992; Wharton MBA, 1995), with over 25 years in public markets including sell-side and institutional roles. He is the sole portfolio manager for Avestha Growth PMS, supported by a lean but focused team. Farokh’s background—spanning Alliance, Citi, BofA, and HDFC Life—provides a strong foundation in both research and portfolio management.
Investment Philosophy
Avestha Growth PMS follows a focused, bottom-up, quality-and-growth framework with low churn. Investments are made in 12–18 high-conviction stocks selected based on strong balance sheets, promoter credibility, capital efficiency, scalability and growth runway. The strategy is sector‑agnostic, benchmark‑agnostic, and emphasizes long-term compounding from quality businesses bought at reasonable valuations. It aims to capitalize on asymmetric risk-reward via concentrated portfolios and deep fundamental diligence.
Avestha Growth- Investment Strategy
Focus on quality stocks to 'capitalise on asymmetric risk-reward'
Avestha Growth Fund is a multi-cap fund with its focus on quality stocks to “capitalise on asymmetric risk-reward”. Avestha Growth fund aims to construct a concentrated portfolio of 12-18 holdings with a bottom-up approach of stock selection investing across sectors. The fund also follows a buy-and-hold strategy that allows the fund to have ample room for the recognition of its preferred equity characteristics like B/S strength, promoter history, capital efficiency and business scalability.Trailing Performance
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| Avestha Growth | -6.2 | 17.9 | 27.2 | 16.6 |
| S&P BSE 500 | -6.6 | 14.7 | 19.2 | 13.5 |
| Alpha over Broad Mkt BM | 0.4 | 3.2 | 8 | 3.1 |
| Nifty Midcap 150 | -5.7 | 21.8 | 26.6 | |
| Alpha over Category BM | -0.5 | -3.9 | 0.6 |
Performance as of: 30-Sep-25 | Inception Date: 01-Nov-17 | Performance are post-fees, pre-taxes. Global funds denominated in USD or fund currency.
Investment team
Farokh Pandole | 4-star rated FM
Founder & Portfolio Manager
Past Experience: Equity Portfolio Manager (HDFC Life), Head of Indian Equity Distribution (Citigroup Global Markets), VP (Alliance Capital Mutual Fund)
Farokh Pandole's experience includes sell-side and equity sales roles for 13 years. His experience in Private Equity and Asian coverage at Alliance-DLJ before managing an equity portfolio at HDFC Life gives him a holistic view of his investments.
