- Category
- III
- Strategy
- Long-only
- Fund house
- Dhamma Investment Advisors
Dhamma Investment Fund
+63.24%
1-year return, after expenses, before tax
Benchmark BSE 500 TRI · data as of 31 Aug 2026
Dhamma Investment Fund, a Category III long-only AIF from Dhamma Investment Advisors, returned 63.24% (after expenses, before tax) in the year to 31 Aug 2026. It began on 2 Dec 2024.
Key numbers
- AUM
- —
- Benchmark
- BSE 500 TRI
- Launched
- 2 Dec 2024
- Min. investment
- ₹5 crore
- Returns basis
- After expenses, before tax
Returns
| Period | This fund | BSE 500 TRI |
|---|---|---|
| 1 month | +11.15% | +0.23% |
| 3 months | +25.51% | +3.69% |
| 6 months | +78.68% | +1.25% |
| 1 year | +63.24% | +4.31% |
| Since inception | +34.10% | +3.82% |
After expenses, before tax, as Dhamma Investment Advisors reports them, to 31 Aug 2026. AIFs report returns on different bases, so compare like with like.
Fund details
- Category
- Category III
- Strategy
- Long-only
- Market-cap style
- Small and mid cap
- Asset type
- Equity
- Benchmark
- BSE 500 TRI
- Fund manager
- Raghav Mittal
About the fund manager
Mr. Raghav Mittal — Founder & CIO
Raghav Mittal is the Founder and CIO of Dhamma Capital. He has spent majority of his career in public markets, working across six leading firms over the last decade including JP Morgan, Neuberger Berman, the TCW Group, Amiral Gestion, Locus Investments and Malabar. Prior to founding Dhamma, Raghav managed an investment partnership styled on the original Buffett Partnership, building a four-year track record of compounding capital ahead of the Indian markets. Raghav holds an MBA from Columbia Business School and Bachelor's in Mathematics & Computing from IIT Guwahati. The majority of his family’s capital is invested in the Dhamma Investment fund. Outside of investing, Raghav is a practitioner of Iyengar yoga and Vipassana meditation, disciplines that nourish the patience and equanimity of his investment style.
As the fund house describes it.
FAQs
What has Dhamma Investment Fund returned?
63.24% (1-year return) to 31 Aug 2026, after expenses, before tax, as Dhamma Investment Advisors reports it. 1 month: 11.15%; 3 months: 25.51%; 6 months: 78.68%; 1 year: 63.24%; Since inception: 34.10%.
What kind of AIF is Dhamma Investment Fund?
A Category III AIF following a long-only strategy, with a small and mid 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). Dhamma Investment Fund’s stated minimum is ₹5 crore.
Who manages Dhamma Investment Fund?
Dhamma Investment Advisors runs it; the fund manager is Raghav Mittal.
How are AIF returns reported?
Each fund house reports its own returns on its own basis: Dhamma Investment Fund’s are after expenses, before 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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