- Category
- III
- Strategy
- Long-only
- Fund house
- Guardian Capital Partners
Opportunities Scheme
+7.77%
1-year return, gross of fees
Benchmark BSE 500 TRI · data as of 31 Aug 2026
Opportunities Scheme, a Category III long-only AIF from Guardian Capital Partners, returned 7.77% (gross of fees) in the year to 31 Aug 2026. It began on 1 Jan 2020.
Key numbers
- AUM
- —
- Benchmark
- BSE 500 TRI
- Launched
- 1 Jan 2020
- Min. investment
- ₹1 crore
- Returns basis
- Gross of fees
Returns
| Period | This fund | BSE 500 TRI |
|---|---|---|
| 1 month | +2.24% | −1.46% |
| 3 months | +7.79% | +2.91% |
| 6 months | +3.39% | −5.33% |
| 1 year | +7.77% | −3.58% |
| 2 years | +3.72% | −3.34% |
| 3 years | +13.13% | +5.88% |
| 5 years | +15.34% | +5.98% |
| Since inception | +26.85% | +9.80% |
Gross of fees, as Guardian Capital Partners 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
- Multi / flexi cap
- Asset type
- Equity
- Benchmark
- BSE 500 TRI
- Fund manager
- Manav Saraf
Market-cap mix
- Large cap53.43%
- Mid cap2.61%
- Small cap40.40%
- Cash3.57%
The five largest holdings are 34.41% of the portfolio.
Investment approach
In order to generate meaningfully higher returns than the Sensex their strategy is to buy good companies when they are cheap and only if they are cheap. If they are not cheap they stay on the side-lines in cash for periods. Especially for large cap companies they buy them when they trade at discounts to their long term average valuations and exit them when they start trading above long term average valuations without waiting for peak valuations.
In order to generate meaningfully higher returns than the Sensex their strategy is to buy good companies when they are cheap and only if they are cheap. If they are not cheap they stay on the side-lines in cash for periods. Especially for large cap companies they buy them when they trade at discounts to their long term average valuations and exit them when they start trading above long term average valuations without waiting for peak valuations.
About the fund manager
Mr Manav Saraf — Fund Manager Co-CIO
Manav has 20 years of investment experience focused on India He was the first hire for Lone Star Funds’ Asia ex Japan build out, where he led their Indian business As Managing Director he set up an NBFC in India and worked on multiple corporate turnarounds He also helped setup Hudson Advisors in Asia, where he was responsible for underwriting all transactions in the region Prior to Lone Star Funds, Manav was a senior member of some of the leading investment firms in the region including Citadel Investment Group and Mount Kellett Capital Manav started his career at Indocean Chase Capital in 1999. Manav received an MBA from London Business School and is a CFA charter holder
As the fund house describes it.
FAQs
What has Opportunities Scheme returned?
7.77% (1-year return) to 31 Aug 2026, gross of fees, as Guardian Capital Partners reports it. 1 month: 2.24%; 3 months: 7.79%; 6 months: 3.39%; 1 year: 7.77%; 2 years: 3.72%; 3 years: 13.13%; 5 years: 15.34%; Since inception: 26.85%.
What kind of AIF is Opportunities Scheme?
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). Opportunities Scheme’s stated minimum is ₹1 crore.
Who manages Opportunities Scheme?
Guardian Capital Partners runs it; the fund manager is Manav Saraf.
How are AIF returns reported?
Each fund house reports its own returns on its own basis: Opportunities Scheme’s are gross of fees. 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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