- Category
- III
- Strategy
- Long-only
- Fund house
- Dalal and Broacha Stock Brocking
D and B India Opportunities Multi-cap Fund
+1.66%
1-year return, after expenses and tax
Benchmark NIFTY 50 · data as of 30 Sep 2026
D and B India Opportunities Multi-cap Fund, a Category III long-only AIF from Dalal and Broacha Stock Brocking, returned 1.66% (after expenses and tax) in the year to 30 Sep 2026. It began on 5 Dec 2019 and manages ₹128 crore.
Key numbers
- AUM
- ₹128 Cr
- Benchmark
- NIFTY 50
- Launched
- 5 Dec 2019
- Min. investment
- ₹1 crore
- Returns basis
- After expenses and tax
Returns
| Period | This fund | NIFTY 50 |
|---|---|---|
| 1 month | −5.33% | −6.06% |
| 3 months | −5.14% | −5.22% |
| 6 months | +17.07% | +1.29% |
| 1 year | +1.66% | −8.92% |
| 2 years | −2.40% | −6.40% |
| 3 years | +11.50% | +4.80% |
| 5 years | +9.70% | +5.10% |
| Since inception | +12.85% | +9.70% |
After expenses and tax, as Dalal and Broacha Stock Brocking 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 50
- Fund manager
- Milind Karmarkar & Nawaz Sarfaraz
Market-cap mix
- Large cap43.10%
- Mid cap10.15%
- Small cap38.86%
- Cash7.89%
Investment approach
Invest in good businesses with decent management at reasonable prices
Invest in good businesses with decent management at reasonable prices
About the fund manager
Mr Milind Karmarkar — Director & Senior Fund Manager
Dalal & Broacha's research department, comprising a team of six, was set up by this Chartered Accountant. He joined the firm over fifteen years ago after having spent a few years in corporate planning and financial management. He has an experience of more than 35 years in equities.
Mr Nawaz Sarfaraz — Fund Manager
An engineering and management graduate by qualification, Nawaz has been the Head of Research at IDBI MF before joining D&B in February 2019. He has an experience of more than 17 years in equities.
As the fund house describes it.
FAQs
What has D and B India Opportunities Multi-cap Fund returned?
1.66% (1-year return) to 30 Sep 2026, after expenses and tax, as Dalal and Broacha Stock Brocking reports it. 1 month: −5.33%; 3 months: −5.14%; 6 months: 17.07%; 1 year: 1.66%; 2 years: −2.40%; 3 years: 11.50%; 5 years: 9.70%; Since inception: 12.85%.
What kind of AIF is D and B India Opportunities Multi-cap 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.
How much does D and B India Opportunities Multi-cap Fund manage?
₹128 crore as of 30 Sep 2026.
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). D and B India Opportunities Multi-cap Fund’s stated minimum is ₹1 crore.
Who manages D and B India Opportunities Multi-cap Fund?
Dalal and Broacha Stock Brocking runs it; the fund managers are Milind Karmarkar & Nawaz Sarfaraz.
How are AIF returns reported?
Each fund house reports its own returns on its own basis: D and B India Opportunities Multi-cap 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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