PMS · Equity · Multi Cap
Avestha - Growth
Fund size₹1,503 Cr
Alpha (3Y)2.08%
3Y return14.38%
Fund age8 yrs 9 mo
Fund Manager
Farokh Pandole
Farokh Pandole
Fund Manager, Avestha Fund
Mr. Pandole graduated with Honors in Economics from Harvard College in 1992. He gained an MBA in Finance from The Wharton School in 1995. He is a former Junior National Squash Champion on multiple occasions and has represented India.Mr. Pandole was Vice-President and member of the core investment team at Alliance Capital Mutual Fund between 1995–2000, responsible for managing $250mn, including FII and MF assets. He also assumed an Asian Coverage Research role and provided investment inputs into Alliance-DLJ, a $100mn Private Equity Fund at the time.Mr. Pandole moved to the sell-side, from 2000-09 at Citigroup Global Markets, where he was Head of Indian Equity Distribution. Thereafter, Mr. Pandole was Director, Equity Sales at Bank of America-Merrill Lynch until 2013.Most recently he was an Equity Portfolio Manager at HDFC Life, generating substantial outperformance over benchmark. 
Managing AUM₹1,503 Cr
Growth of₹Cr
Avestha Growth
Returns: How it has done
Scheme / BenchmarkYTD1Y2Y3Y5YSince inception
Avestha Growth13.59%15.87%5.99%14.38%17.96%16.82%
Nifty 500−1.02%4.72%−0.11%12.09%10.91%12.42%
Excess over benchmark14.61%11.15%6.10%2.29%7.05%4.40%
Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Aug 2026.
Risk : What you take on to earn the return
Volatility
22.70%
Benchmark approx 14.75%
A standard deviation reflecting historical swings.
Sensitivity
1.25
Beta vs benchmark 1.00 · 25% more reactive
How strongly the scheme moves with the index.
Risk-reward
0.50
Sharpe
Excess return gained per unit of volatility.
Capture ratio
124 / 117
Upside / Downside Capture
Share of market gains captured versus losses absorbed.
How far below its previous high it fell
Over the trailing 3Y window the scheme fell −24.39% from its 30 Jul 2025 peak to a 31 Mar 2026 trough, and recovered on 31 Jul 2026 after 122 days.
Max drawdowns
−24.39%
Recovery period
122 days
Scheme Drawdown Trajectory
Drawdown analysisPeakTroughDepthFell overRecoveredRecovery took
Scheme30 Jul 202531 Mar 2026−24.39%244 days31 Jul 2026122 days
Benchmark30 Aug 202428 Feb 2025−18.59%182 days––
Scheme
Peak30 Jul 2025
Trough31 Mar 2026
Depth−24.39%
Fell over244 days
Recovered31 Jul 2026
Recovery took122 days
Benchmark
Peak30 Aug 2024
Trough28 Feb 2025
Depth−18.59%
Fell over182 days
Recovered–
Recovery took–
The benchmark's peak, trough and recovery are read off its month-end curve; the scheme's row is measured on daily NAV. · Risk and drawdown use a trailing 3Y window · As on 31 Aug 2026
Portfolio Details : Where the money actually sits
Stocks
17
Avg market cap
₹15,566 Cr
Asset class
Equity
Market cap
Large cap12.29%
Mid cap19.21%
Small cap66.84%
Cash & others1.66%
As on 31 Aug 2026
Fees
A fixed plan is cheaper when returns are strong. A performance plan costs less in lean years and shares the upside only when the fund beats a hurdle.
FixedPlan A · Simple
Fixed Management Fee1.00% / yr
Performance FeeNone
Hurdle RateNot applicable
PerformancePlan B · Performance Linked
Fixed Management FeeNone
Performance Fee5% of profit
Hurdle RateNot applicable
No exit load. Lock-in: Nil.
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