Siddhartha Bhaiya, Aequitas MD, Famous For His Eye For Multibagger SmallCap Stocks, Dies At 47; Who Was He?

Siddhartha Bhaiya: Dalal Street lost one of the most seasoned stock market experts and a profound stock picker, Siddhartha Bhaiya. The 47-year-old Managing Director of Portfolio Management Services Company, Aequitas, died on Wednesday, December 31, due to a cardiac arrest.

Siddhartha Bhaiya had joined Aequitas in 2012 and one of the key driving forces behind the firm's growth in its initial years. He died of cardiat arrest during a family vacation. Renowned as a successful stock picker, Siddhartha Bhaiya, ensured a powerful returns to his investors with multibagger stocks like HIL, Garware, CCL Products, Cosmo First, Maithan Alloys, and Nilkamal.

"It is with profound sadness that we share the news of the passing of our Managing Director, Mr. Siddhartha Bhaiya, on 31 December 2025, following a sudden cardiac arrest while on a family vacation in New Zealand," Aequitas said in a statement on Friday.

Who Was Siddhartha Bhaiya?

Siddhartha Bhaiya was the MD of Aequitas PMS firm. He was a qualified CA, who was with the company over the past twenty-five years. As per Aequitas website, Siddhartha believed in "generating outsized returns by investing in smallcap undiscovered companies". He is a specialist in "bottom-up stock selectio", which is the famous 'Multibagger approach".

One of his key funds, India Opportunities PMS Fund has given a 33% of return CAGR and an absolute return of about 3,700% in the last 13 years. Bhaiya was widely credited for being a successful stock picker, which helped the company's assets under management cross Rs 7,000 crore and register a compounded annual growth of over 30 per cent, according to reports.

His death has come as a major shock for not just his family member, but also for the company and the entire investment community.

Acknowledging that this is a personal and professional loss, the Aequitas team affirmed its commitment to Bhaiya's principles and the organisation he built.

"The team at Aequitas continues to work closely together, fully aligned with the firm's philosophy and long-term objectives, and remains focused on delivering for our investors in the manner Siddhartha envisaged," the statement said.

Indian Stock Market Bubble of 'Epic Proportions'

Siddhartha Bhaiya raised several eyebrows with his blunt commentary on the Indian stock market. Last month, he described the current market as a "bubble of epic proportions" because of massive overvaluation in certain segments and category. He had also expressed at multiple points that the small cap segment in the Indian stock market is highly overvalued.