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A great company is different from a great investment

At Buoyant, we understand
the difference

Different sectors and stocks themselves follow cycles. We specialise in understanding these

fundamental cycles. WE INVEST THROUGH CYCLES.

Founded In

About us

Buoyant Capital is a SEBI-registered alternatives asset manager. Founded in 2016, we have a long track-record of delivering consistent and superior risk-adjusted returns. We do not levy entry loads, exit loads, set up fees or have a lock-in. For us, Investors always come first.


We generate superior risk-adjusted returns Buoyant Opportunities PMS has consistently generated superior returns. We also get the best ratings on risk score done by external agencies.


We run a flexi-cap strategy with non-model portfolio We are a sector and market-cap agnostic fund. We do not believe a PMS account should be run as a model portfolio.


We believe Investors come first, and have high skin-in-the-game We do not levy entry-loads, set-up fee, exit loads or have a lock-in. We also have a variable-only fee structure. Buoyant and its promoters co-invest in the fund.

Meet Our Team

Jigar Mistry


Jigar has over 21 years of research and investing experience. He is an associate member of ICAI and CFA charter holder. Prior to founding Buoyant, he was Director, Research at HSBC.

Sachin Khivasara


Sachin has over 24 years of research and investing experience. He is an associate member of ICAI and ICWA. Prior to founding Buoyant, he was with Nippon Asset Management.

Viral Berawala


Viral has over 23 years of research and investing experience. He is an associate member of ICAI and IIM-Ahmedabad alumnus. Prior to joining Buoyant, he was the CIO at Nippon Life Insurance.

Dipen Sheth


Dipen has over 32 years of diverse professional and entrepreneurial experience. He is an alumnus of IIT-K and IIM-C. Prior to joining Buoyant, he headed Research at HDFC.

Our Services

Portfolio Management Services

We specialise in creating and managing a customized portfolio for individuals and institutions. Our Opportunities Portfolio is truly flexi-cap, and we do not run a model portfolio.

PMS Brochure

Alternative Investment Fund

We run a Category-3 Open Ended Alternative Investment Fund. Our AIF has no exit loads or a lock-in. Ideal for professionals who are prevented to own shares in their own capacity.

Registered Investment Advisory

We are a Registered Investment Advisor (RIA), licensed by SEBI. Under this line of business, we advise equity investors such that they can self-execute trades on a pre-allocated corpus of funds, while we charge them advisory fees for the same.

Latest Memos


Doing Nothing

Letter No. 130   Often, the gap between what is said and what is understood can be substantial. Hippocrates’ dictum, …

letter 129v1

Ten billion dollar lesson

Letter no. 129 Ever wondered how well we truly grasp the companies we invest in? In today’s ET article, we …

letter 128

Habit loop

Letter no. 128 In today’s moneycontrol article, we discuss the Habit Loop in equity investing, drawing parallels with the success …

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