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Awriga Core

AUM (546 cr) | Inc Date (27-Dec-2019)

Scheme Rating

IME Scheme Rating

3 of 5 stars

Awriga Core has a seasoned investment team & a reasonably well articulated investment process. While the fund can be considered for investment, we would prefer other more matured & established strategies within the same category.

IME Strategy Rating

3 of 5 stars

The strategy follows a pre-defined approach, focusing on 15-20 companies based on business quality and liquidity, which determines the portfolio’s weightings. It adheres to their well-defined investment process to ensure disciplined decision-making.

AMC Rating

3 of 5 stars

AMC: Awriga PMS (click link for detailed AMC review)

Awriga is still relatively new, but do have a decent team & investment philosophy.

PMS Scheme Ratings are driven by IME’s Proprietary Scheme Rating Methodology, which takes into account our ratings of the Scheme’s investment strategy, its maturity, the investment team, and our separate rating on the AMC that runs this particular scheme. Our views on each of these individual criteria are available via the IME RMS – which you can view by reaching out to one of our relationship managers (using either the live chat or book appointment feature on this site).

Investment Strategy

Awriga Core Strategy seeks to achieve capital appreciation by investing in high-quality companies with strong competitive advantages, purchased at discounts to their fair value. Employing a comprehensive approach that includes fundamental and behavioral analysis, as well as prudent portfolio construction, the strategy aims to deliver superior risk-adjusted returns for investors.

Core Investment Approach

Fundamental Analysis:

  • Conduct in-depth research to identify companies with robust business models and sustainable competitive advantages.

Valuation Approach:

  • Focus on acquiring stocks that are trading below their intrinsic value, ensuring a margin of safety in investments.

Behavioral Analysis:

  • Assess market sentiments and investor behaviors to identify mispriced opportunities and avoid herd mentality.

Portfolio Construction:

  • Build a diversified portfolio across market capitalizations, emphasizing companies with strong fundamentals and growth potential.

 

Trailing Performance

1yr 3yr 5yr Since Inception
Awriga Core 12 15.3 23 16.8
S&P BSE 500 4.8 12.3 24.8 14.5
Alpha over Broad Mkt BM 7.2 3 -1.8 2.3
S&P BSE 500 4.8 12.3 24.8
Alpha over Category BM 7.2 3 -1.8

Performance as of: 31-Mar-25 | Inception Date: 27-Dec-19

Fund Managers

Jinal Sheth | 3-star rated FM

Founding Partner | 18 yrs Experience | 6 yrs at current firm

Past Experience: Multi-Act (PM), Sentry (PM), AMSEC (Analyst)

Jinal Sheth is the Founding Partner at Multi-Act Equity, with over 15 years of experience in equity markets. He has expertise in managing global and Indian companies, having previously headed the Portfolio Management Services business at Multi-Act Equity for 8 years, where he successfully grew assets under management from approximately ₹10 crore to ₹800 crore. Jinal holds a Master’s Degree in Finance from Boston, USA.

Gokul Maheshwari | 3-star rated FM

Founding Partner | 25 yrs Experience | 6 yrs at current firm

Past Experience: Moasic Advisors (Sr Partner), Multi-Act (Sr Research Analyst)

Gokul Maheshwari is the Founding Partner with expertise in Asian equity markets. A Chartered Accountant and CFA Charter holder, he was the youngest partner at a ~$1 billion Hong Kong-based Long-Only fund, where he worked across markets in Hong Kong, Indonesia, and India. Most recently, Gokul headed the India operations, gaining strong domain knowledge and experience in building successful teams across diverse geographies and cultures.

Fee Structure

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