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Piper Serica Advisors Pvt Ltd
PMS Multi Cap & Flexi Cap
Benchmark
Nifty 50 TRI
Inception Date
2 June 2019
Min. Investment
₹50,00,000
AUM (Cr.)
₹901.00
SIP Available
Yes
STP Available
No

Investment Strategy

Investment Approach

This diversified equity strategy focuses on identifying fundamentally robust companies irrespective of their market capitalization. The portfolio construction emphasizes a blend of established large-cap entities alongside promising mid and small-cap businesses. Investment selection criteria prioritize companies exhibiting strong financial foundations, enduring competitive moats, and discernible avenues for expansion. Portfolio management incorporates systematic rebalancing triggered by valuation metrics and dynamic risk assessments, facilitating opportunistic shifts within a sectorally diversified framework that reflects the prevailing Indian economic environment.

Investment Objective

Our investment strategy is designed to achieve consistent financial returns by leveraging the inherent growth potential within the Indian economy, all while adhering to stringent risk management protocols. This methodology aims to facilitate significant wealth creation for investors over extended periods, adeptly managing market fluctuations while capitalizing on India's economic expansion. Through rigorous implementation, investors can engage with India's promising growth trajectory via a professionally managed investment structure that upholds institutional-quality governance and regulatory adherence.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH -4.40% -0.30% -4.10%
3 MONTHS -3.90% 6.30% -10.20%
6 MONTHS -5.90% 2.90% -8.80%
1 YEAR -3.60% 11.90% -15.50%
2 YEAR 5.60% 11.00% -5.40%
3 YEAR 16.90% 14.30% 2.60%
5 YEAR 12.40% 14.70% -2.30%
SINCE INCEPTION 15.10% 14.40% 0.70%

Calendar Year Performance

Year Return
CY 2025 -3.60%
CY 2024 16.13%
CY 2023 43.23%
CY 2021 31.78%
CY 2020 25.67%
CY 2019 10.96%

Financial Year Performance

Year Return
FY 26_YTD 13.75%
FY 23_YTD 0.34%
FY 25 3.11%
FY 24 52.20%
FY 22 15.11%
FY 21 65.69%
FY 20 -12.21%

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

Fund Managers

Abhay Agarwal

Founder and Fund Manager

**Management and Founder Profile** Piper Serica Advisors is led by its Founder and Fund Manager, who possesses over three decades of dedicated investment experience. Established in 2004 and registered with the Securities and Exchange Board of India (SEBI), Piper Serica operates as a multi-asset management firm. The firm serves as the Portfolio Management Services (PMS) manager and advisor for the Piper Serica India Numero Uno Fund, a Mauritius-domiciled Foreign Portfolio Investor (FPI). Both Piper Serica Advisors and the India Numero Uno Fund strategically focus on equity investments within the Indian listed securities market. Furthermore, Piper Serica manages the Piper Serica Angel Fund, a SEBI Category I Alternative Investment Fund (AIF). This fund specializes in providing capital to early-stage Indian technology ventures. The fintech holdings within this portfolio include notable companies such as Alt Mobility, Kivi Fintech, Freed, Flashaid, OTPLess, Castler, Rupeeflo, and Swara Fincare. Prior to founding Piper Serica, the Fund Manager accumulated substantial expertise from 1997 to 2004 as a Director within JP Morgan's Private Equity division, with assignments across India, Hong Kong, and Singapore. This experience followed a tenure at Citibank India from 1993 to 1997, where he was instrumental in managing a direct investment program that yielded multiple successful ventures. Academically, he holds an MBA from the Jamnalal Bajaj Institute of Management Studies, Mumbai (1993). He is also formally recognized by NISM/SEBI as a certified AIF Fund Manager, PMS Manager, Investment Advisor, and Research Analyst. His extensive background and profound knowledge in the investment domain position him as a significant contributor to the industry and a key driver of Piper Serica Advisors' strategic growth and operational achievements.

Portfolio Details

Portfolio Composition

Large Cap
12.97%
Mid Cap
3.82%
Small Cap
72.47%
Cash & Equivalent
12.58%

Top 5 Holdings

  • Cash & Cash Equivalents 12.58%
  • Fusion Finance Limited 10.12%
  • Cartrade Tech Limited 7.69%
  • Senores Pharmaceuticals Limited 6.05%
  • Syrma SGS Technology Limited 5.13%

Top 5 Sectors

  • Financial Services 34.02%
  • Healthcare 19.35%
  • Capital Goods 9.33%
  • Chemicals 8.46%
  • Consumer Services 7.69%

Portfolio Characteristics

total number of stocks
24
top 5 stocks percent
41.57%
top 5 sectors percent
78.85%
average market cap
30739.93
portfolio age
6 Yrs, 6 Months
sip
Available
stp
Not Available

Fee Structure

Fixed Fee

AMC: 2.5%

Variable Fee

AMC: No Option

Hurdle: 6.00%

Profit Sharing: 20% Profit Sharing Over 6% Hurdle Rate

Exit Load

Year 1: 2%

Year 2: 0%

Year 3: 0%

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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)