Buoyant Capital Pvt Ltd

Buoyant Capital Pvt Ltd

AUM (Cr.)

7442.77

Clients

4500

Inv. Approach

2

As On Date

30 September 2025

Buoyant Capital Pvt. Ltd. is a SEBI-registered portfolio management services (PMS) provider that has emerged as a credible boutique investment manager in India’s alternative asset management space. Founded in 2016, the firm focuses on delivering consistent, risk-adjusted returns through a disciplined, research-driven investment approach tailored for high-net-worth investors.

At the core of Buoyant Capital PMS lies a distinctive philosophy—markets move in cycles, and successful investing requires aligning portfolios with these cycles rather than assuming linear growth. The firm follows a dynamic, cycle-aware strategy that actively shifts allocations across sectors, market caps, and investment styles based on prevailing economic and business conditions. This flexibility enables the portfolio to become more aggressive during favorable market phases and defensive when risks rise, aiming to balance capital protection with long-term wealth creation.

One of its flagship offerings, the Buoyant Opportunities PMS, adopts a flexi-cap and sector-agnostic approach, typically maintaining a concentrated portfolio of 25–30 high-conviction stocks. The investment process combines deep fundamental research with a “core and satellite” portfolio construction strategy. The core portfolio focuses on stable, cash-generating businesses, while the satellite allocation targets cyclical opportunities, turnaround stories, and undervalued sectors with strong upside potential.

A key differentiator for Buoyant Capital is its investor-first structure. The firm does not charge entry loads, exit loads, setup fees, or impose lock-in periods, offering greater transparency and flexibility compared to many traditional PMS providers. Additionally, the promoters and fund managers invest their own capital alongside clients, aligning interests and reinforcing accountability.

The leadership team—comprising experienced professionals like Jigar Mistry, Sachin Khivasara, and Viral Berawala—brings decades of expertise across equity research, fund management, and institutional investing. Their collaborative investment committee approach ensures rigorous decision-making and sector-specific insights.

As of late 2025, Buoyant Capital manages several thousand crores in assets across thousands of investors, reflecting steady growth and increasing investor trust. Overall, Buoyant Capital PMS stands out for its cycle-driven investing framework, disciplined research process, and alignment with investor interests, making it a compelling choice for investors seeking active, long-term equity portfolio management in India.

PMS Investments

PMS Investment Approach(s) Returns
Investment Approach Category 1 Yr Return 2 Yr Return 3 Yr Return 5 Yr Return Inception Date
Opportunities Multi Cap & Flexi Cap 4.20% 17.98% 24.19% 32.47% Jun 2016

* Returns are as on 30th September 2025, * Returns over a 1 year period are annualized * Returns are calculated using the Time Weighted Rate of Return (TWRR) method and as provided by the respective AMCs. *ND (No Data) , * NA(Not Applicable) * Returns of the respective Benchmark Indices used are tabulated above. Benchmark(s) given are as per SEBI circular no. SEBI/HO/IMD/IMD-PoD-2/P/CIR/2022/172 dated December 16, 2022 and the APMI circular no. APMI/2022-23/02 dated 23rd March,2023 and Revised Annexure-1

AIF Investments

AIF Investment Approach(s) Returns
Investment Approach Category 1 Yr Return 2 Yr Return 3 Yr Return 5 Yr Return Inception Date
Opportunities Strategy I Multi Cap & Flexi Cap 1.91% 18.09% NA NA Nov 2022

* All performance above are as on 30th September 2025, * Above 1 year returns are in CAGR*

Portfolio Managers

Mr Jigar Mistry
Mr Jigar Mistry

Fund Manager

Jigar brings over 21 years of research and investing experience to Buoyant Capital. He is an associate member of the Institute of Chartered Accountants of India (ICAI) and a CFA charter holder. Before founding Buoyant, he served as Director of Research at HSBC, where he gained extensive expertise in equity research and investment strategy.

Mr. Sachin Khivasara
Mr. Sachin Khivasara

Portfolio Manager

Sachin has over 19 years of experience in the Indian capital markets. A Chartered Accountant and Graduate Cost and Works Accountant, he has worked with leading investment managers such as Enam Holdings, a prominent family office, and Reliance Mutual Fund, one of India’s largest mutual funds. His core expertise lies in identifying under-researched and mispriced companies with the potential to deliver superior medium- to long-term returns. Outside of investing, Sachin is passionate about Pranayama and Yoga and often travels to deepen his practice and understanding.

Mr Viral Berawala
Mr Viral Berawala

Fund Manager

Since 2019, he has been serving as Director at Buoyant Capital. Before that, he held key leadership roles, including Chief Investment Officer at Essel Mutual Fund from 2017 to 2019 and Chief Investment Officer at Reliance Nippon Life Insurance (formerly Reliance Life) from 2013 to 2017. From 2007 to 2013, he worked as an Assistant Fund Manager at Nippon India Mutual Fund (formerly Reliance Mutual Fund), and earlier, from 1999 to 2006, he was Manager, Finance at Tata Consultancy Services. He holds a B.Com degree, is a Chartered Accountant, and earned his MBA from the Indian Institute of Management (IIM) Ahmedabad. Over the years, his research coverage has spanned multiple sectors, including Information Technology, Real Estate, Retail and FMCG, Oil & Gas, and Insurance.

AMC Reg. Address

B-3501 Kohinoor Square, N C Kelkar Marg, Dadar West, Mumbai 400028 SEBI Reg No : INP000005000

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