Affluense AI AFFLUENSE

India Opportunities Portfolio

Bay Capital Investment Advisors Pvt Ltd
PMS Multi Cap & Flexi Cap
Benchmark
Nifty 50 TRI
Inception Date
19 January 2023
Min. Investment
₹50,00,000
SIP Available
No
STP Available
No

Investment Strategy

Investment Approach

The investment strategy is predicated on a **proprietary, fundamental research-driven approach** to identify investment opportunities within both established and evolving market themes. This methodology aims to capitalize on the broader economic expansion cycle. The portfolio construction will integrate a **balanced application of thematic macroeconomic analysis with granular, bottom-up stock selection**.

Investment Objective

The primary aim of this portfolio is to achieve capital growth over a medium to long-term horizon. This will be accomplished through a focused allocation to selected equity shares and equity-linked instruments. The portfolio is generally expected to comprise fewer than 30 holdings. However, during periods of portfolio transition, the number of constituent stocks may temporarily exceed this limit.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH -2.02% -0.28% -1.74%
3 MONTHS -1.25% 6.33% -7.58%
6 MONTHS -1.53% 2.92% -4.45%
1 YEAR 0.68% 11.88% -11.20%
2 YEAR 7.72% 10.97% -3.25%
SINCE INCEPTION 15.97% 14.44% 1.53%

Calendar Year Performance

Year Return
CY 2025 0.68%
CY 2024 15.26%

Financial Year Performance

Year Return
FY 26_YTD 10.13%
FY 24_YTD 38.67%
FY 25 6.36%
FY 23 -4.38%

Past performance is not indicative of future results. Returns are subject to market risks.

Fund Managers

Nikunj Doshi

Principal Officer & CIO

Nikunj Doshi serves as the Managing Partner and is a Founding Member of Bay Capital. He brings over 34 years of comprehensive experience in fund management and equity research, demonstrating a deep comprehension of the Indian economic landscape and its corporate sector. Before joining Bay Capital, Mr. Doshi spent more than five years at Kotak Mahindra Asset Management Company (AMC), where he managed several funds with an Assets Under Management (AUM) exceeding USD 500 million. His earlier roles included leading research departments at Refco-Sify Securities and Ventura Securities. Mr. Doshi holds an Electronics Engineering degree from MS University, Baroda, and completed his Master of Management Studies (MMS) at the University of Mumbai. He is currently based in Mumbai, India.

Portfolio Details

Portfolio Composition

Large Cap
14.59%
Mid Cap
18.01%
Small Cap
65.43%
Cash & Equivalent
1.98%

Top 5 Holdings

  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A

Top 5 Sectors

  • Financials Services 30.02%
  • Consumer Services 12.97%
  • Services 9.63%
  • Consumer Durables 9.40%
  • Fast Moving Consumer Goods 7.82%

Portfolio Characteristics

total number of stocks
N/A
top 5 stocks percent
N/A
top 5 sectors percent
69.84%
average market cap
60274
portfolio age
2 Yrs, 11 Months
sip
Not Available
stp
Not Available

Fee Structure

Fixed Fee

AMC: 2%

Variable Fee

AMC: 1.25%

Hurdle: 10%

Profit Sharing: 20%

Exit Load

Year 1: 2%

Year 2: 1%

Year 3: 0.5%

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Disclaimer

Returns are as of 2025-12-31. Returns for periods up to one year are not annualized. Returns for periods exceeding one year are annualized. Returns are computed using the Time Weighted Rate of Return (TWRR) methodology and are provided by the respective Asset Management Companies (AMCs). 'ND' denotes 'No Data', and 'NA' denotes 'Not Applicable'. The performance of the respective Benchmark Indices is presented above. Benchmark(s) are as defined in SEBI circular no. SEBI/HO/IMD/IMD-PoD-2/P/CIR/2022/172 dated December 16, 2022, APMI circular no. APMI/2022-23/02 dated March 23, 2023, and Revised Annexure-1.

This page is provided solely for general informational purposes in relation to the strategy and is based on publicly available information. While reasonable care has been taken to ensure accuracy, the information may not reflect the most recent updates.

Nothing on this page constitutes investment, financial, or legal advice. Investment decisions should be made after consulting a qualified advisor and reviewing official scheme documents.

Last Updated: January 2026 · Published by Affluense AI (affluense.ai)