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Buoyant Opportunities

Scheme Rating

IME Scheme Rating

5 of 5 stars

Good Options for Investors seeking a more Active & Dynamic Strategies: For investors seeking a more actively managed investment portfolio, Buoyant is a very good option, providing a combination of a highly active investment strategy, run by a team of seasoned investment professionals all of whom have ownership in the firm and a strong longer-term track record.

IME Strategy Rating

5 of 5 stars

Highly Flexible & Dynamic Strategy: The Buoyant Opportunities investment strategy rejects a one-size-fits-all approach, adapting to diverse market cycles. It analyzes market-cap, sectoral, investment style, and stock cycles to position the portfolio for expected outperformance. The portfolio is highly flexible, favoring small-caps and aggressive stocks in robust markets, while adopting a more conservative stance in defensive markets. Known for its dynamism, Buoyant’s strategy aims for strong outperformance when market calls align, with potential for underperformance if predictions go awry. Given the substantial year-on-year shifts, success hinges on accurately gauging underlying market dynamics.

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).

IME View on Buoyant Opportunities

Type: Flexi Cap | Flexible | AUM (2559.9 cr) | Inc Date (10 April 2016)

Buoyant Capital Opportunities- Investment Strategy

Focus to generate alpha returns through market cycles

Buoyant Opportunities is a multi-cap strategy that aims to generate alpha through market cycles. The fund manager monitors a) weighted average market-cap b) cash calls and c) mix of small and mid-cap vs large-cap to effectively implement the strategy. During periods of extremely concentrated returns, the fund prioritizes capital protection and aims to take advantage during a distributed market returns scenario.

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 stanceDefensive 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.  

Trailing Performance

1yr 3yr 5yr Since Inception
Buoyant Opportunities 45.7 29 25.5 22.9
S&P BSE 500 TRI 39.5 19.5 19 16.5
Alpha over Broad Mkt BM 6.2 9.5 6.5 6.4
Nifty 500 38.4 18.1 17.5
Alpha over Category BM 7.3 10.9 8

Performance as of: 28-Feb-23 | Inception Date: 10-Apr-16

Fund Managers

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.

Fee Structure

Fee StructureFee
Fixed Fee Structure2
Variable Fee Structures1% fixed + 15% above 12% hurdle
Exit Fees1yr(2%)

AMC

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

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.

AMC Rating

5 of 5 stars

AMC Pedigree

4 of 5 stars

AMC Size

5 of 5 stars

Team Pedigree

5 of 5 stars

Inv Philosophy

5 of 5 stars

Performance

4 of 5 stars

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