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Wave Asset Private Limited is a SEBI-registered Portfolio Management Services (PMS) firm based in Mumbai. We manage investments for high-net-worth individuals (HNIs), family offices, and non-resident Indians (NRIs), offering tailored solutions with a sharp focus on performance, integrity, and long-term value creation. The firm is led by its founders, Ashwin Agarwal and Rohan Agarwal, whose multi-decade experience across market cycles shapes our investment philosophy.
The primary objective of the Pure Alpha strategy is to deliver high risk-adjusted returns over the long term, regardless of market conditions. Our approach blends bottom-up and top-down investing. On the bottom-up side, we invest in long-term secular compounders and deep-value turnaround opportunities. On the top-down side, we take sectoral and international macro positions to capture structural shifts and reduce correlation to domestic markets.
Rohan Agarwal
FMDirector & Fund Manager
Rohan is the fund manager for the Pure Alpha strategy with over 15 years of experience across asset management, financial advisory, and M&A. He holds a B.A. in Economics and an M.S. in Finance from the University of Illinois at Urbana-Champaign (UIUC), USA.
Ashwin Agarwal
Director & Principal Officer
Ashwin serves as the Principal Officer of Wave Asset PMS and manages the Bloom strategy. Previously, he worked as a PMS Fund Manager at Newberry Capital. With over 14 years of experience in asset management and equity research, he holds the CFA charter and a Bachelor’s degree from Indiana University, USA.
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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.