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Investment approach · since 2020

Large & Midcap investment approach.

Launched in June 2020, the investment approach targets 15–18 companies from the top 250 by market capitalisation, businesses with consistent growth and sector leaders positioned to benefit from industry tailwinds.

03 Jul 2020Launch date
BSE 500 TRIBenchmark

Launched in June 2020, the investment approach targets 15–18 companies from the top 250 by market capitalisation, businesses with consistent growth and sector leaders positioned to benefit from industry tailwinds.

Operated through a model-portfolio framework, the approach selects companies expected to capitalise on macroeconomic developments, government policy and favourable industry dynamics. The portfolio comprises 18–20 companies, with weights tilted towards such sectors and companies, and aims to outperform benchmark indices.

By combining a discerning view of industry leadership with strategic insight into economic trends and policy impact, the approach seeks to generate consistent returns. It is suited to clients who are more comfortable with lower volatility, a moderate risk appetite, and moderate return expectations.

Large & Midcap · since 2020Top 250
Listed Indian universe Top 250 by market cap 18–20
17.3%5-yr CAGR/TWRR
Moderatevolatility
3–5 yrstime horizon
Know your investment approach

At a glance.

Launch date
03 July 2020
Time horizon
3–5 years
Volatility
Moderate
Portfolio construction
Model portfolio
Reporting
Monthly
SIP available
Yes
Investment basket
Top 250 companies by market cap
Benchmark
BSE 500 TRI
Fund managers
Jayant Mamania, Arpit Shah, Amit Doshi
Key features of the portfolio

How the portfolio is built.

  • Investing only in listed Indian companies
  • No exposure to derivatives
  • Holding period of more than 12–15 quarters
  • Blend of growth and value investing
  • Maximum single-security exposure of 12%
  • Maximum single-sector exposure of 20%
17.3%
Five-year CAGR/TWRR, versus 12.2% for the BSE 500.
The Hindu BusinessLine, July 2026 (PMS Bazaar data)
Top 3
In the Large & Midcap PMS category over five years.
The Hindu BusinessLine, July 2026
250
The investment universe, India’s largest companies by market capitalisation.
Portfolio snapshot

Positioning as on 30 September 2026.

Asset allocation, market-capitalisation mix, and sector and company exposure, as reported in the latest monthly factsheet.

P/E ratio26.00Portfolio
P/B ratio5.50Portfolio
Data as on30 Sep 2026Nearest percentages

Asset allocation

Equities 98% of portfolio
Equities: 98%Cash: 2%
98%Equities
  • Equities98%
  • Cash2%

Market capitalisation

Large caps at 58%
Large caps: 58%Mid caps: 40%Cash: 2%
58%Large caps
  • Large caps58%
  • Mid caps40%
  • Cash2%

Top sectors

Top five: 67% of portfolio
  • 01Pharma & Healthcare21%
  • 02Metal & Mining20%
  • 03Cement10%
  • 04IT8%
  • 05Fertilizers8%
  • Others33%

Top companies

Top five: 48% of portfolio
  • 01Zydus Lifesciences14%
  • 02UltraTech Cement10%
  • 03Hindalco Industries9%
  • 04Coromandel International8%
  • 05Hindustan Zinc7%
  • Others52%
Investment objective

Invest in 15–20 companies with sustainable businesses that endure across market cycles, selected from the top 250 companies by market capitalisation.

Portfolio data as on 30 September 2026, in nearest percentages. Returns are not verified by SEBI.

Performance

Against the benchmark.

Values in percentage, as on 30 September 2026, as published in our monthly factsheet.

Large & Midcap performance versus BSE 500 TRI
View the full factsheet Download PDF

Investments in equities are subject to market risk. Past performance is not indicative of future returns. Please read the disclosure document carefully before investing. Returns are not verified by SEBI.

Fees structure

Transparent fees.

Clients may choose a fixed or a hybrid fee structure. Illustrations and a fee calculator are provided for full transparency.

FeesFixedHybrid
Management feeper annum2%1%
Performance feeas per the disclosure documentNil5%
Fund managers

Managed by.

Portrait of Jayant Mamania
Fund Manager

Jayant Mamania

Jayant leads the investment team, bringing more than 30 years of experience in Indian equities. His stock-selection discipline is central to the firm’s investment process and to its standing as a portfolio manager.

Portrait of Arpit Shah
Co-founder & Director

Arpit Shah

A founder director and Chartered Accountant with more than 18 years of capital-market experience. A first-generation entrepreneur, Arpit leads in-depth research and business development, and shapes the firm’s strategic growth.

Portrait of Amit Doshi
Co-founder & Director

Amit Doshi

A Chartered Accountant who spent more than seven years at PwC before joining the core team in 2010. Amit has played a central role in the firm’s growth over the past 15 years and is responsible for portfolio-company research and the finance function.

LinkedIn
Also consider

Growth Plus Value

Compare both approaches to identify the right fit for your horizon and risk appetite.

Direct onboarding

Begin your Care PMS journey.

Invest directly with a SEBI registered portfolio manager, as a resident or a non-resident investor. Contact us at connect@carepms.com and our team will guide you through every step.

  1. 01

    Consultation

    A conversation with our team about your objectives, investment horizon and risk appetite, and the approach best suited to them.

  2. 02

    Documentation

    A PMS bank account and demat account are opened in your name. You sign the PMS agreement and grant the Power of Attorney.

  3. 03

    Portfolio activation

    Invest fresh funds of ₹50 lakh or more, or introduce an existing portfolio. Statements and reporting follow every month.

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