All forms of investments play a vital role in building up a secure future. But how do you exactly choose the right investment options. It is important to keep the money moving, as they call it, keep it liquid. But investing just anywhere, without understanding the market risks is similar to jumping in a pool when you don’t know swimming, isn’t it? But it sure becomes easier when there’s a teacher!
Featuring in this issue of The Best Performing Asset & Wealth Management Solution Providers in 2021 is Aveksat Equity, a firm that is the trustee of your investments.
The Firm-
Aveksat Financial Advisory (www.aveksatequity.com) is just 5+ years old in the field of equity and portfolio advisory service though they have a collective experience of about 60 years in their 5-member team. They consider themselves as a very niche player in the crowded market of Investment management. “What we feel as our greatest achievement is the trust and goodwill we enjoy among our members. We lost very few clients over the years even though we generated poor returns during the two years, 2018 and 2019. Our audited track record is there for everyone to see and we always were ready to accept our mistakes and failures. This transparency and frankness of our relation with members helped us build a ‘trust circle’ between us and our valued members” said Aveek Mitra, Founder & CEO of Aveksat.
“In spite of bad return over 2 years, in last 5 years, we generated more than 30% CAGR till now in equity advisory service. We publish our audit report every six months. Our portfolio advisory service returns would vary based on client risk profile and time of his becoming member with us but almost no one generated less than 15% yearly return (CAGR) over 5 years even if his / her portfolio falls in the very conservative category”, said Aveek.
Aveek Mitra- The Founder, the Leader-
Aveek is a SEBI registered Investment Adviser and NISM certified research analyst.
Aveek has been an investor in the Indian market for the last 20 years. He also possesses valuable corporate experience of some 23 years, having worked in L&T, Usha Martin, wherein he was DGM, and in two mid-sized IT Infrastructure and Data Services companies, wherein he served as Group COO for several years. Exposure to large and, medium-sized companies in their growth phases in leadership roles, has helped him gain valuable insight and perspectives on almost all areas of strategic, operational, and executional challenges organizations face. He has worked in different locations across the world and helped build and develop businesses in and outside India.
He also has a great interest in the education sector; he was the first CEO of Dakshana Foundation and then Katha, the two renowned NGOs in the education sector. He also volunteers with a few NGOs when time permits.
Aveek’s investment experience spans over 20 years. Starting with a meager sum of money, he has attained a multitude of successes over the course of these many years, though not, of course, without a few pitfalls and misjudgments along the way. In the last 15 years, he generated 23% + CAGR in INR terms (about 17% in USD terms) over an ever-increasing capital base. He also advises a few family offices and trusts.
He was, and remains, convinced that equity investment is the only way to generate long-term wealth and for this, temperament is as important as knowledge and skill to become a successful investor. Those keen to get an idea about his investment journey and philosophy may follow the two links – Presentation (deals with common investor psychology, as I see it) and Investors (deals with my own investment experience and learning)
Aveek completed his graduation with Honours in Physics from Calcutta University, MBA from IMT, Ghaziabad, and two short equity investment-related certificate courses from ISB (Hyderabad) and London Business School. He has also completed all the readings required for the Indian CFA course but has never deemed it necessary to appear for the requisite examinations.
Aveek loves to read; he reads voraciously on a plethora of subjects – investment, history, philosophy, sociology, psychology, spirituality, evolution, economics, physics, politics, and statistics are a few of his favorite areas. He loves all sorts of music but the quintessential Bengali in him finds solace, fortitude, and inspiration in vintage Bengali songs of Tagore.
In AVEKSAT FINANCIAL ADVISORY, he is ably supported by 4 other able equity research and technical analysis enthusiasts who have very thorough and complementary experience and skillsets in identifying opportunities both for medium and long term horizons.
The Road Ahead-
“We prefer to have like-minded people in our advisory who remain with us for long time. We are not in the game of chasing clients.”
There are many instances where the team advised potential clients to refrain from investing in the stock market for various reasons like their age, financial position (very good or bad), risk appetite, market condition, etc. or their expectations are tough for the team to manage. For example, many people want to trade very frequently or have many pre-conceived ideas about what and how investments should be made. Some people want voluminous research reports, some want too many ideas, some people always think new stock ideas are better than what they already own. Also in a bull market, people become restless to make money quickly, and in a bear market become restless to leave the market as soon as they make losses even if notional.
“Up to a point we feel it is our duty and responsibility to educate an investor but with too much noise around the stock market and with too many investment Gurus and media around, we find it futile to convince anyone beyond a point.”
It affects composure and balance. Fortunately for Aveksat, once a person joins them, he seldom leaves!
“We just want to see ourselves doing our jobs better, smarter & with the same level of diligence as we do today.”
Investment decisions and stock selections have inherent uncertainties which simply can’t be perfected so the journey itself is rewarding. Anyone interested to take the journey with us is welcome! Aveksat is committed to giving our best to protect and grow your wealth.
