Bay Capital PMS — Strategies, Returns & SEBI Registration

Bay Capital PMS — Strategies, Returns & SEBI Registration | wisefolio

Overview

About

Bay Capital is an independent investment firm established in 2006. Bay Capital was founded with a singular conviction in the India growth story and with the overarching objective of participating in it via the equity markets. We are bottom-up, long-term investors and we believe that superior risk adjusted returns can be delivered by buying and holding a concentrated portfolio of high quality businesses. We pursue a long only, buy and hold India focused equity strategy. Our concentrated portfolio consists of upto 30 businesses that are capable of generating high returns on capital across market cycles, without requiring leverage. Our portfolio is selected through strict bottom-up criteria with emphasis on quality, growth, and managerial probity. We seek to minimize frictional costs and to defer capital gains by investing only in companies that we believe are capable of compounding over many years. We aim to achieve positive absolute returns with a capital preservation bias. This makes us ideal partners for businesses who think in decades, not quarters. At Bay, we share a passion for investing and our culture embraces constructive debate, innovation and the pursuit of continuous improvement. From inception, Bay has been anchored to the following core values which continue to motivate and mould the business every day. These values are paramount and act as a touchstone to shape the decisions made on every level. Bay strives for ubiquitousEXCELLENCE, consistently delivering long-term performance not just across our investment portfolio but throughout everything we do. Bay sets industry-leading standards forSERVICEto our Partners, to our company, to our team and in a greater sense, to the world, ensuring we serve to deliver positive outcomes. Engineering this is Bay’s pledge toHUMILITY. By remaining humble we can recognise our weaknesses and imperfections as well as ensure that we are open to new ideas and change. Bay is committed toSTEWARDSHIP, serving our clients long-term interests above our own short-term goals. Average Resolution time is the total of time taken to resolve each complaint in days, in the current month divided by total number of complaints resolved in the current month. For detailed disclosure on PMS complaints.Click here

Investment Philosophy

WE ARE BAY. THE INDIA INVESTMENT EXPERTS INVESTMENT STRATEGY & PROCESS Investment strategy Concentrated, Bottom-up, Buy and Hold Strategy Portfolio of upto 30 businesses Business owner’s mindset Absolute return oriented Low Portfolio Churn Wealth generation is not in buying and selling but in “holding” Better management of expense ratio and taxation for investors Sell Discipline Deviation from our original Investment Thesis or Corporate Governance Guidelines result in a “sell” Buy high quality businesses - Growth at a Reasonable Price Quality franchises with strong corporate governance frameworks Focus on companies with sustainable earnings and high RoCE (Return on Capital Employed) Flexibility and Ability to do Late-Stage and Pre-IPO AIF CAT III structure allows us to do privates with strong execution capabilities Devil's Advocate We ask ‘Why should we not invest?’ to help us understand things that can go wrong and avoid being blind-sided Investment Process An institutionalized replicable process Initial Universe 01 Basic Screens ≥ $200Mn market cap ~1,000 Businesses Primary Filter 02 Fund Screens • Average ROCE > 20% in the last 10 years • Eliminate companies with : – Known Corporate Governance issues – High capital intensity and/or non-scalable businesses – We know what we want to avoid We WILL NOT own any infrastructure, real estate, commodities and other capital intensive, cyclical business ~200-250 Businesses Fundamental Analysis 03 Individual Business Review • In depth preliminary & primary research including – Strong franchises with dominant intangible assets (i.e. brand, distribution and technology) – Large headroom for growth through penetration and premiumization • Risk analysis via Devil’s Advocate Program • Detailed due diligence to validate thesis and mitigate risks ~50 – 60 Businesses Portfolio Construction 04 Team Review • Diversification considerations • Position size management • Portfolio risk profile • Valuation comparisons ~20 – 30 Businesses Adherence to our principles What We Do Consumer Consumer Tech Technology Financials Pharma Outsourcing (manufacturing, logistics) Invest in businesses which are: Asset light and don’t require much capital to grow Capable of reinvesting Free Cash Flow at similar or higher RoCE (Return on Capital Employed) What We Don’t Do Commodities Real Estate PSU’s / Government dependent Businesses Infrastructure Promoters with a dubious track record / Corporate Governance issues Avoid businesses which are: Capital intensive and cash guzzlers requiring frequent dilution Commodity and cyclical in nature which requires timing the market

About the firm

Read Bay Capital Investment Advisors's story and investment philosophy on the firm page.

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Strategies10

Total AUM₹191.07 Cr

Reg. NumberINP000005208

Last ReportedMay 2026

Bay Capital Investment Advisors PMS

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Strategies— 10

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