Paul Asset

Paul Asset is a SEBI-registered fund manager and research analyst entity based in Kolkata. Their AIF offering — 129 Wealth Fund (Category III) — requires a minimum investment of INR 1 crore as per SEBI norms. The firm also offers advisory and stock recommendation services for investors with smaller corpus. Founded by Prasenjit Kumar Paul, author of 'How to Avoid Loss & Earn Consistently in the Stock Market' (2+ lakh copies sold since 2015) and 'Multibagger Stocks' (Penguin Random House, 2023).

Bottom-up fundamental analysis with a preference for asset-light business models that grow while maintaining quality balance sheets with sufficient cash flow from operations, headed by professional quality management with competitive advantages or business moats. Key analytical criteria: debt-to-equity ratio below 1 (or decreasing), average ROE and ROCE above 12% (or increasing), comfortable working capital cycle, zero pledged shareholding, and growth without excessive debt. Prefers stocks touching higher highs rather than 52-week lows regardless of valuation attractiveness. Long-term approach with disciplined short-term profit booking when warranted.