Category
III
Strategy
Long-only
Fund house
Stellar Asset Management Fund

Amrit Kaal Opportunities Fund

+12.96%

1-year return, after expenses and tax

Benchmark NIFTY 500 · data as of 30 Sep 2026

Amrit Kaal Opportunities Fund, a Category III long-only AIF from Stellar Asset Management Fund, returned 12.96% (after expenses and tax) in the year to 30 Sep 2026. It began on 30 May 2024.

Key numbers

AUM
—
Benchmark
NIFTY 500
Launched
30 May 2024
Min. investment
₹1 crore
Returns basis
After expenses and tax

Returns

Amrit Kaal Opportunities Fund returns against the NIFTY 500
PeriodThis fundNIFTY 500
1 month−1.50%−5.88%
3 months+2.22%−4.01%
6 months+31.50%+7.52%
1 year+12.96%−2.91%
2 years+6.35%−4.59%
Since inception+11.82%+2.08%

After expenses and tax, as Stellar Asset Management Fund reports them, to 30 Sep 2026. AIFs report returns on different bases, so compare like with like.

Fund details

Category
Category III
Strategy
Long-only
Market-cap style
Multi / flexi cap
Asset type
—
Benchmark
NIFTY 500
Fund manager
Gaurang Shahsikant Vasani

Investment approach

The fund will invest in quality small cap companies including early-stage, IPO bound and high-growth companies. The fund shall seek to invest with a time horizon of three to five years, enabling the fund to take advantage of adverse price movements as long as the long-term fundamentals of the investee entities remain robust. Fund Manager may also consider investing companies which may be undergoing special situations or are in the midst of unfavorable business cycle and mispriced by the market.

The Fund Manager will aim to build a diversified flexi-cap portfolio across market capitalisations, including small cap, mid cap, and large cap companies. For liquidity purposes, the scheme may invest remaining portion of the portfolio in liquid fund and ETFs. The Fund would endeavour to achieve long term capital appreciation by investing in permissible securities/instruments in accordance with this Memorandum and the Regulation.

About the fund manager

Mr. Gaurang Shahsikant Vasani — Fund Manager

Gaurang is a Mechanical Engineer with an MBA in Finance and over 18 years of experience in investor relations (IR), corporate finance, and capital markets. He began his career with Suzlon Energy, where he led the company’s growth capital funding and investor relations functions for nearly eight years. He later joined GMR Infrastructure to head its global investor relations department. In 2010, he co-founded Strategic Growth Advisors and subsequently established Stellar IR in 2014. Under his leadership, Stellar IR has emerged as a leading investor relations advisory firm, serving several listed companies and helping them strengthen engagement with the investment community. In addition to his corporate accomplishments, he is a seasoned investor with a strong track record of identifying high-potential small-cap companies and creating long-term wealth through a disciplined buy-and-hold approach. His ability to evaluate promoter quality, business fundamentals, and growth opportunities has enabled him to identify scalable businesses early in their growth journey and generate significant long-term alpha across market cycles. As the driving force behind Amrit Kaal Opportunities Fund, he leverages his deep market insights, extensive industry network, and research-driven investment philosophy to build a portfolio of high-quality businesses. His patient approach to investing and focus on long-term value creation form the foundation of the fund’s strategy and performance.

As the fund house describes it.

FAQs

What has Amrit Kaal Opportunities Fund returned?

12.96% (1-year return) to 30 Sep 2026, after expenses and tax, as Stellar Asset Management Fund reports it. 1 month: −1.50%; 3 months: 2.22%; 6 months: 31.50%; 1 year: 12.96%; 2 years: 6.35%; Since inception: 11.82%.

What kind of AIF is Amrit Kaal Opportunities Fund?

A Category III AIF following a long-only strategy, with a multi / flexi cap style. Category III AIFs trade listed and unlisted securities and may use leverage and derivatives, including short positions.

What is the minimum investment in an AIF?

SEBI sets the minimum at ₹1 crore per investor (₹25 lakh for the fund’s own employees and directors). Amrit Kaal Opportunities Fund’s stated minimum is ₹1 crore.

Who manages Amrit Kaal Opportunities Fund?

Stellar Asset Management Fund runs it; the fund manager is Gaurang Shahsikant Vasani.

How are AIF returns reported?

Each fund house reports its own returns on its own basis: Amrit Kaal Opportunities Fund’s are after expenses and tax. Bases differ from fund to fund, so compare like with like.

For information only. Not investment advice or a research report. Past performance does not guarantee future returns. AIF investments carry higher minimums and risks; read the private placement memorandum.

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