Bay India Opportunities Portfolio PMS: Returns, Portfolio & Fees

PMS · Equity · Flexi Cap

Bay India Opportunities Portfolio

Fund size₹82 Cr

Alpha (3Y)−1.80%

3Y return6.16%

Fund age3 yrs 7 mo

Fund Manager

Nikunj Doshi

Fund Manager, Bay

Nikunj Doshi is Managing Partner and a Founding Member of Bay Capital. He has over 34 years of professional experience in Fund Management and Equity Research with an in-depth understanding of Indian economy & businesses. Prior to Bay Capital, Nikunj was at Kotak Mahindra AMC for over 5 years where he was Fund Manager for various funds managing AUM of over USD 500Mn. Prior to Kotak, he was Head of Research at Refco-Sify Securities & Ventura Securities. Nikunj is an Electronics Engineer from MS University of Baroda and has completed post-graduation in Master of Management Studies (MMS) from the University of Mumbai.Nikunj is based in Mumbai, India.

Managing AUM₹82 Cr

Growth of₹Cr

Bay India Opportunities

Returns: How it has done

Scheme / Benchmark	YTD	1Y	2Y	3Y	5Y	Since inception
Bay India Opportunities	−3.76%	−4.68%	−3.25%	6.16%	—	11.66%
NIFTY 50 TRI	−7.00%	−0.35%	−1.19%	9.00%	—	9.42%
Excess over benchmark	3.24%	−4.33%	−2.06%	−2.84%	—	2.24%

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

15.47%

Benchmark approx 13.22%

A standard deviation reflecting historical swings.

Sensitivity

0.86

Beta vs benchmark 1.00 · 14% less reactive

How strongly the scheme moves with the index.

Risk-reward

0.12

Sharpe

Excess return gained per unit of volatility.

Capture ratio

85 / 93

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 −24.77% from its 30 Oct 2024 peak to a 31 Mar 2026 trough. It has not yet recovered.

Max drawdowns

−24.77%

Scheme Drawdown Trajectory

Drawdown analysis	Peak	Trough	Depth	Fell over	Recovered	Recovery took
Scheme	30 Oct 2024	31 Mar 2026	−24.77%	517 days	–	–
Benchmark	30 Aug 2024	28 Feb 2025	−15.27%	182 days	–	–

Scheme

Peak30 Oct 2024

Trough31 Mar 2026

Depth−24.77%

Fell over517 days

Recovered–

Recovery took–

Benchmark

Peak30 Aug 2024

Trough28 Feb 2025

Depth−15.27%

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

P/E ratio

24.93

P/B ratio

5.26

Dividend yield

0.78%

Avg market cap

₹63,517 Cr

Asset class

Equity

Market cap

Large cap10.84%

Mid cap21.11%

Small cap65.87%

Cash & others2.18%

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. Both cost the same at a 13.75% gross return.

FixedPlan A · Simple

Fixed Management Fee2.00% / yr

Performance FeeNone

Hurdle RateNot applicable

VariablePlan B · Shared upside

Fixed Management Fee1.25% / yr

Performance Fee20% of profit

Hurdle RateAbove 10%

Exit load 2.00% within 1 year, 1.00% within 2 years, 0.50% within 3 years. Lock-in: Nil.

Let's start a
conversation

Compare this PMS against 3,000+ others with our research desk
Build a long-term portfolio around your goals, not a one-off buy
Experts with decades of experience.

Private. Personal. No obligation.

We will only use these details to contact you about this enquiry. No spam.