Buoyant Capital Opportunities Multi-Cap Fund – Jigar Mistry
At Buoyant Capital, their aim is to generate superior cross-cycle equity returns on a long-term basis by optimizing the portfolio based on market conditions.
Key People
Mr Jigar Mistry
Founder
Ms Natasha Lulla
Portfolio Manager
Mr Sachin Khivasara
Portfolio Manager
Investment Objective
The objective of Buoyant Capital Opportunities Multi-Cap PMS is to invest taking concentrated bets for the long term, following altering balance in the aggressiveness-to-defensiveness continuum, which is attained through diversification of cash flow streams, choice between predictable vs. growing cash flow streams and cash calls (pooled vs. model portfolio).
This portfolio is well-diversified, built around aspiring leaders, and follows a selective, contrarian approach to sector allocation—often positioning as one of the earliest investors in emerging opportunities.
Investment Approach
- The team at Buoyant Capital Opportunities believes that one cannot know the ‘macro future’ (economies, markets or geopolitics) with any reasonable certainty. Hence, Buoyant PMS follows the following investment philosophies: Macros matter, but mining them as an investment edge is nearly impossible Share price growth is more a function of earnings growth Portfolio optimization(balance of aggressiveness /defensiveness) is critical for Buoyant PMS In the long term, trading is a zero-sum game In the short-term, however, things fluctuate between ‘flawless’ to ‘hopeless’ Balance is adjusted based on earnings/credit/investors’ psychology cycles Risk is not the volatility of returns
Performance Table
| Trailing Returns (%) | 1m return | 3m return | 6m return | 1y return | 2y return | 3y return | 5y return | 10y return | Since inception return |
|---|---|---|---|---|---|---|---|---|---|
| Buoyant Capital Opportunities Multi-cap | -1.13% | 8.66% | 12.47% | 8.82% | 20.42% | 25.46% | 36.12% | - | 22.22% |
| BSE 500 TRI | -2.71% | 4.44% | 6.69% | -2.08% | 16.63% | 16.89% | 21.68% | - | 15.52% |
QRC Report Card
| Strategy | Category | Fund Manager | Date of Inception | Age Of PMS | Corpus (in Cr, approx) | Benchmark | Returns SI (CAGR) | Stocks In Portfolio | Sectors In Portfolio |
|---|---|---|---|---|---|---|---|---|---|
| Buoyant Capital Opportunities Multi-cap | Multi Cap | Sachin Khivasara | 01 June 2016 | 9Y 2M | 5608.52 | BSE 500 TRI | 22.22% | 36 | 3 |
| Index | Category Alpha (1Y) | Relative Alpha (1Y) | % of +ve Months (Fund Data) |
Alpha (1Y) (Fund Data) |
Beta (1Y) (Fund Data) |
Standard Deviation (1Y) (Fund Data) |
Sharpe Ratio (1Y) (Fund Data) |
Alpha (SI) | Information Ratio (SI) | Consistency Ratio % |
|---|---|---|---|---|---|---|---|---|---|---|
| Nifty 50 | 9.81% | -0.24% | 67.57% | 9.57% | 1.03 | 14.14% | 0.37 | 9.34% | 0.62 | 61.26% |
| Nifty 500 | 10.35% | 1.1% | 11.45% | 0.93 | 8.06% | 0.63 | 62.16% | - | - | - |
| Nifty Midcap 100 | 5.23% | 6.3% | 11.53% | 0.72 | 4.92% | 0.48 | 59.46% | - | - | - |
| Nifty Smallcap 100 | 10.87% | 4.08% | 14.95% | 0.61 | 7.78% | 0.76 | 58.56% | - | - | - |
