129 Wealth Trust — Paul Asset | Wisefolio

129 Wealth Trust

Cat III · Managed by Paul Asset

Complex or leveraged strategies — long-short, hedge-fund-style and quant funds. Often open-ended, within SEBI leverage limits.

Overview

About

Paul Asset is a SEBI-registered fund manager and research analyst entity based in Kolkata. Their AIF offering — 129 Wealth Fund (Category III) — requires a minimum investment of INR 1 crore as per SEBI norms. The firm also offers advisory and stock recommendation services for investors with smaller corpus. Founded by Prasenjit Kumar Paul, author of 'How to Avoid Loss & Earn Consistently in the Stock Market' (2+ lakh copies sold since 2015) and 'Multibagger Stocks' (Penguin Random House, 2023).

Investment philosophy

Bottom-up fundamental analysis with a preference for asset-light business models that grow while maintaining quality balance sheets with sufficient cash flow from operations, headed by professional quality management with competitive advantages or business moats. Key analytical criteria: debt-to-equity ratio below 1 (or decreasing), average ROE and ROCE above 12% (or increasing), comfortable working capital cycle, zero pledged shareholding, and growth without excessive debt. Prefers stocks touching higher highs rather than 52-week lows regardless of valuation attractiveness. Long-term approach with disciplined short-term profit booking when warranted.

Team2

Prasenjit Kumar Paul

Equity Analyst & Best-Selling Author

Equity analyst and best-selling author. Compliance officer and principal officer of Paul Asset Consultant Private Limited. Author of How to Avoid Loss and Earn Consistently in the Stock Market, an Amazon best-seller since 2015 with more than 2 lakh copies sold. Author of Multibagger Stocks, published in March 2023 by Penguin Random House.

Chaya Paul

Director

Registration

SEBI registration

SEBI-registered

SEBI registration no.IN/AIF3/24-25/1602

RegisteredSept 2024 (2 years ago)

Valid untilPerpetual

Contact personPrasenjit Kumar Paul

Address4th Floor DGK 407 The Galleria Action Area1, New Town Parganas, Kolkata, West Bengal, 700156

Investment manager

Insights

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Disclaimer

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