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Avestha Fund Management LLP is a Mumbai-based SEBI registered Portfolio Management Services firm focused on long term wealth creation through disciplined investment in high quality businesses. The firm follows a bottom-up stock selection approach centered on balance sheet strength, promoter quality, capital efficiency and scalable business models, with the objective of generating superior risk-adjusted returns over the long term.
Avestha Fund Management’s investment objective is Long Term Wealth Creation through investment in quality stocks to capitalize on asymmetric risk-reward. Our investment decisions find principal basis in Balance sheet strength, Promoter history, Capital efficiency and Business Scalability/Growth runway.
Farokh Pandole
FMFounder & Portfolio Manager
Mr. Pandole graduated with Honors in Economics from Harvard College in 1992. He gained an MBA in Finance from The Wharton School in 1995. He is a former Junior National Squash Champion on multiple occasions and has represented India at International Squash events. He has 25 years of Indian equity experience. Mr. Pandole was Vice-President and member of the core investment team that managed $250mn, including FII and MF assets, at Alliance Capital Mutual Fund between 1995–2000. He also assumed an Asian Coverage Research role and provided investment inputs into Alliance-DLJ, a $100mn Private Equity Fund at the time. Mr. Pandole moved to the sell-side, from 2000-09 at Citigroup Global Markets, where he was Head of Indian Equity Distribution. Thereafter, Mr Pandole was Director, Equity Sales at Bank of America-Merrill Lynch until 2013. Most recently he was an Equity Portfolio Manager at HDFC Life, generating strong outperformance over benchmark each year. This performance placed his funds within top decile from amongst a peer group of 50 competing funds. In this role, he was an integral part of all aspects of the firm’s investment process.
Chaitanya Kamdar
Executive Director
Mr. Kamdar was Vice President at Bank of America Merrill Lynch and JM Financial respectively (until 2017) within Institutional Equity Sales, catering to mutual funds, insurance companies, foreign institutional investors (FIIs), foreign portfolio investors (FPI) and hedge funds on the Indian stock markets. Prior to mid-2003, he was a part of the Equity Capital Markets team of DSP Merrill Lynch Limited where he worked along-with the execution team for several transactions including initial public offers (IPOs), sponsored American depositary receipts (ADRs), block deals and various other capital market transactions. He has over 17 years of Indian equity experience.
Manan Shah
Manager
Mr. Shah is a diploma holder in Management from MET College, Bandra with a specialization in Finance. He has prior experience as a business analyst in various industries such as FMCG, Industrials, Automotive etc.
Shikhar Shah
Manager
Mr. Shah graduated from the University of Exeter, UK after completing his Bachelor of Science in Mathematics with Economics. Mr. Shah gained experience at HDFC Bank in the Emerging Corporates Group in the Vostro Business Team. His prior experience was with Motilal Oswal in the Private Client Group where he worked in Financial Advisory and Wealth Management.
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Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future returns.