About the Webinar
In a market where many fund managers are raising cash, Equitree Capital remains 75%+ invested – backing its private-equity-style approach in listed Indian equities. This exclusive webinar explored:
• Why private equity investing works in public small- & mid-cap markets
• High-conviction themes: export manufacturing, import substitution, demographics, infrastructure
• How long-term concentration and patience drive alpha
Speaker Insight: Pawan Bharadia – Equitree Capital
With 25 years of equity market experience, Pawan Bharadia brings a private-equity lens to public investing. His approach: identify under-researched companies in the ₹500–5,000 crore range, build early positions, and ride multiyear compounding.
Key Investment Themes Driving Equitree’s Portfolio
| Theme | Why It Matters | Illustrative Sectors |
| Global Export Champions | Europe+1 shift, Make-in-India push global expansion even for ₹300 cr firms | Specialty chemicals, precision forgings, engineered plastics |
| Import Substitution | India still imports 25–30% of components—ripe for local value chains | EV components, electronics PCBA, castings |
| Demographic Consumption | Rising incomes support mass-market volume growth above 15% | Agro-machinery, branded foods, apparel |
| Infra & Infracillaries | Strong public capex cycle supports decade-long revenue visibility | Heavy castings, hydraulics, infra tools |
Case Study Highlight: Shakti Pumps
• Initial Investment: Stainless steel pump pioneer; margin leadership
• Added Exposure: During a policy-driven 40% drawdown in 2019
• Outcome: 40× on the first tranche; PEG < 0.5 even today
Lesson: Buy into structural headwinds, avoid idiosyncratic risks.
Equitree’s Portfolio Strategy
• Entry Market-Cap Sweet Spot: ₹1,500–2,500 crore
• High Conviction: ~15 stocks with 3–5% allocation
• Cash as Cushion: Average 10% cash helped reduce 2024 drawdown from –20% to –6%
• Valuation Filter: Only buy if PEG < 1
Performance Snapshot (as of April 30, 2025)
| Period | Equitree PMS | S&P BSE 500 TRI | Alpha (pp) |
| 1 Year | 17.39% | 5.70% | +11.69 |
| 2 Years (CAGR) | 50.67% | 21.03% | +29.64 |
| 5 Years (CAGR) | 45.72% | 23.67% | +22.05 |
Market Outlook: A Stock Picker’s Cycle
• Equitree avoids crowded micro- and mega-caps.
• Focuses on mid-cap manufacturers compounding EPS at 15%+ and trading at 14–16× P/E.
• Retains cash-call flexibility (up to 30%) without attempting to time the macro.
Why Equitree Stands Out
- Brings private-equity discipline to public markets
- Focuses on earnings compounding, not speculative rerating
- Avoids panic selling; builds through volatility
- Limits AUM to preserve alpha—₹2,000 cr is the strategy cap
About PMS AIF WORLD
PMS AIF WORLD is a knowledge-first alternative assets focused investment firm, evaluating 250+ PMS  & AIF strategies through a proprietary 5P framework—People, Philosophy, Performance, Portfolio, Price—and the QRC scorecard that ranks Quality, Risk, and Consistency. Enabling investors make well informed investment in only high-quality alternate investment products.
Disclaimer: Securities investments are subject to market risks and there is no assurance or guarantee that the objective of the investments will be achieved. The statements contained herein may include statements of future expectations and other forward-looking statements that are based on our current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements
Do Not Simply Invest, Make Informed Decisions
WISH TO MAKE INFORMED INVESTMENTS FOR LONG TERM WEALTH CREATION
