BAY India Opportunities Portfolio PMS

Key Portfolio Attributes

Portfolio Manager’s Name: Nikunj Doshi

Portfolio Manager’s Experience:

Nikunj is the Managing Partner, Principal Officer and CIO-PMS at Bay Capital. He has over 32 years of professional experience in Fund Management and Equity Research with an in-depth understanding of Indian economy & businesses. Prior to Bay Capital, Nikunj was at Kotak Mahindra AMC for over 5 years where he was Fund Manager for various funds managing AUM of over USD 500Mn. Previously, he was Head of Research at Refco-Sify Securities & Ventura Securities.

Portfolio Manager’s Qualification:

Nikunj is an Electronics Engineer from MS University of Baroda and has completed post-graduation in Master of Management Studies (MMS) from the University of Mumbai.

Investment Objective

The main objective of BAY India Opportunities PMS is to generate capital appreciation over longer duration by investing in select businesses in a concentrated manner.

Investment Strategy

BAY India Opportunities PMS’ fund strategy revolves around a disciplined long-only approach focused on a concentrated equity portfolio. It favours buy-and-hold, active engagement, and management.

The research team meticulously curates a concentrated portfolio of 20 to 30 names, selecting the best available stocks with a rigorous analysis for their fundamentals, growth potential, and competitive strengths with moats. This strategy is underpinned by their unwavering commitment to quality over quantity, with a limited number of high-conviction investments.

By embracing a concentrated approach utilizing their in-depth fundamental research capabilities and capitalizing on our highest-conviction investment ideas, BAY PMS seeks to deliver superior risk-adjusted returns. The investment philosophy is rooted in a long-term perspective, allowing them to ride out market volatility purely because of the quality of the portfolio and extract maximum value from their select holdings.

Investment Philosophy

BAY India Opportunities PMSs investment philosophy is to invest into companies/businesses which are capital efficient, generating positive cash flows, having a strong brand, distribution, technology driven, higher market share and having a competitive advantage in the respective industry. Also, one of the important parameter in the initial filtration process, the company should have been generating a ROCE of 20% + on an average for the past 10 years, generating positive operating cash flows, earnings growth, high corporate governance standards and scalability of business. BAY India Opportunities PMS follows a bottom-up stock picking approach.

Do Not Simply Invest, Make Informed Decisions


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