Siddhartha Bhaiya’s international playbook: Prime sectors in US, China and Europe
“As I mentioned, we at present don’t discover valuation consolation within the Indian markets. Nonetheless, we do see some good alternatives in worldwide markets,” Bhaiya instructed PMSBazaar in an interview. He was bullish on defensive sectors in Europe, non-tech themes within the U.S., and consumption-led performs in China.
He didn’t elaborate on the specifics of the assertion.
The maverick fund supervisor handed away following a cardiac arrest on Wednesday, December 31, whereas holidaying in New Zealand. His premature demise has despatched shockwaves via the investing group.
Bhaiya, a worth investor and robust advocate of gold, was a famend small-cap multibagger hunter recognized for his contrarian mindset. In latest months, he had pared a good portion of his fairness publicity and reallocated capital in direction of gold. As per November knowledge, the Rs 4,000 crore fund had as a lot as 81.5% of its property invested in gold ETFs.
The previous Managing Director and CIO of Aequitas Funding Consultancy had mentioned three elements drove his choice to promote equities: stretched valuations, widespread market euphoria round particular geographies, sectors or shares, and company governance issues.
“We stay eager observers of market developments and be aware that present valuations seem fairly wealthy. No matter market corrections, our method stays bottom-up—targeted on particular person companies, valuation consolation and development prospects. This disciplined method has helped handle draw back dangers to investor capital whereas producing good returns,” he had mentioned within the interview.In response to Bhaiya, general market price-to-earnings ratios had been much less related than the valuations of 1’s personal portfolio. He believed Indian small-cap shares had been buying and selling at premium valuations and, amid the rising frenzy round Indian capital markets, noticed little rationale in staying invested.
The chartered accountant–run PMS was the highest performer in 2025.
Amongst his most celebrated inventory calls, Avanti Feeds stood out, delivering practically 100x returns. He additionally clocked 50x positive aspects in Apar Industries and Sanghvi Movers. Small-cap shares reminiscent of JSL, GAEL, HEG, Finolex Cables, and TIIL emerged as 20-baggers, whereas different holdings that generated over 10x returns included HIL, Garware, CCL Merchandise, Cosmo First, Maithan Alloys, Nilkamal, and Energy Mech Tasks.
(Disclaimer: The suggestions, recommendations, views, and opinions given by the specialists are their very own. These don’t signify the views of The Financial Instances)
