Affluense AI AFFLUENSE

Leader Portfolio Strategy

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

Our multi-cap strategy targets quality businesses across market capitalizations, balancing established large-caps with high-potential mid and smallcaps.We prioritize companies with strong fundamentals sustainable competitive advantages, and clear growth pathways.We implement systematic rebalancing based on valuation parameters and evolving risk profiles, enabling tactical adjustments while maintaining sectoral diversification aligned with India's economic landscape.

Investment Objective

We focus on generating consistent returns by capitalizing on India's structural growth opportunities while maintaining prudent risk parameters. This balanced approach provides investors with the potential for substantial wealth accumulation over long time horizons, effectively navigating market volatility while capturing the momentum of India's economic expansion. Our disciplined execution enables investors to participate in India's compelling growth narrative through a professionally managed investment vehicle with institutional-grade oversight and compliance.

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

Abhay is the Founder and Fund Manager of Piper Serica Advisors, bringing over 30 years of investment experience. Piper Serica, a multi-asset manager, was founded in 2004 and is registered with SEBI. It serves as the PMS manager and advisor to the Piper Serica India Numero Uno Fund, a Foreign Portfolio Investor (FPI) based in Mauritius. Both entities focus on investing in stocks listed in India.In addition, Piper Serica manages the Piper Serica Angel Fund, a SEBI Category I Alternative Investment Fund (AIF), which invests in Indian tech startups. Its fintech portfolio includes prominent startups such as Alt Mobility, Kivi Fintech, Freed, Flashaid, OTPLess, Castler, Rupeeflo, and Swara Fincare.Before establishing Piper Serica, Abhay gained significant experience as a Director with the Private Equity group of JP Morgan in India, Hong Kong, and Singapore from 1997 to 2004. Prior to JP Morgan, he worked at Citibank India from 1993 to 1997, where he managed a direct investment program that resulted in several successful investments.Abhay holds an MBA from the Jamnalal Bajaj Institute of Management Studies, Mumbai (1993). He is also certified as an AIF Fund Manager, PMS Manager, Investment Advisor, and Research Analyst by NISM/SEBI.Abhay's extensive experience and deep expertise in investments make him a distinguished figure in the industry, driving the success and strategic direction of Piper SericaAdvisors.

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%

Disclaimer

* Returns are as on31st December 2025 , * Returns over a 1 year period are annualized * Returns are calculated using the Time Weighted Rate of Return (TWRR) method and as provided by the respective AMCs. *ND (No Data) , * NA(Not Applicable) * Returns of the respective Benchmark Indices used are tabulated above. Benchmark(s) given are as per SEBI circular no. SEBI/HO/IMD/IMD-PoD-2/P/CIR/2022/172 dated December 16, 2022 and the APMI circular no. APMI/2022-23/02 dated 23rd March,2023 and Revised Annexure-1

This profile is provided for general informational purposes only and is based on publicly available information. While reasonable care is taken, the content may not always reflect the latest 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.

Affluense AI – Smarter Insights. Stronger Relationships with Affluents.

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

© 2026 Affluense AI