US fund returned 34% and Indian clients saw returns of 103% in 2023. No management fees. Led by a managing partner with a 20-year track record of outperforming major indices.
Dwaith Funds is focused on investing in India. We run a SEBI-registered Portfolio Management Service (PMS) and a US Fund that invests in India.
Our investment philosophy prioritizes capital preservation. We believe in investing in companies we understand trading at attractive valuations. All investments are made with a 5-year horizon. Our unique no-management-fee structure aligns our success directly with yours, ensuring that your investments receive the care and attention they deserve.
Dwaith Funds draws inspiration from the early Buffett partnership of the 1950s, adopting a similar structure. We do not charge any fees for assets under management. Instead, we charge a 25% performance fee on returns exceeding a 6% hurdle rate.
Dwaith PMS (India)
For Indian residents/NRIs/OCIs. Access our SEBI-registered PMS with a minimum investment of Rs. 1Cr. We held an Investment Advisory license until 2024.
Dwaith Partners (US)
For Qualified US & European clients seeking exposure to India's growth. Invest in a SEBI-registered Category 3 FPI fund with a minimum of $1M.
Fund scheme returns
Year
Return
Dwaith
Partners
S&P 500
MSCI EM
Sensex
India
2021¹
-12.7%
10.3%
-10.0%
-0.9%
2022
-7.6%
-19.4%
-22.4%
-6.0%
2023
34.0%
24.2%
7.0%
18.0%
¹ Starting dates for comparison when initial investments were made: July 1, 2021 (S&P 500, MSCI EM) and Dec 10, 2021 (Sensex India). All calculations are made based on the Calendar Year from January to December
Year
Return
Dwaith
Advisory
Sensex
India
2022²
16.5%
-4.8%
2023³
103.2%
24.9%
² Starting dates for comparison when initial investments were made: Nov 11, 2022 (Sensex India) to March 31, 2023
³ Returns from April 2023 to Mar 2024 post fees
At Dwaith, we prioritize investor interests through:
– Aligned incentives and no management fees as a percentage of AUM
– Founder’s personal investing success applied to fund management
– Long-term value focus and deep understanding of Indian markets
– Buying stocks we understand and holding them for the long haul
– Commitment to thorough research and disciplined decision-making
– Culture of continuous learning and patient wealth compounding
We aim to preserve and grow wealth by applying value investing principles to India’s dynamic market opportunities.
Harsha Venkatesh, founder of Dwaith Funds, brings over two decades of investing expertise to the table. His journey began in the early 2000s, culminating in an impressive 37% CAGR over 8 years in his personal portfolio before launching Dwaith Funds.
With a background spanning Silicon Valley tech and decades of experience outside India in Germany and USA, Harsha combines deep market insights with cutting-edge innovation. His experience includes key roles at Enphase Energy, where he contributed to the company’s growth from a $62M to a $25B market cap.
Harsha’s approach to value investing in India’s emerging market is rooted in Warren Buffett’s principles, adapted for the unique opportunities in the Indian economy. His track record of outperforming major indices speaks to his skill in identifying undervalued companies with strong growth potential.
By choosing Dwaith Funds, you’re not just investing in a fund – you’re partnering with a passionate and trusted person who truly believes in India’s emergence on the global stage. He is also an entrepreneur with a wide-ranging interest in solar, power electronics, and manufacturing industries.
