Karma Capital India Fund - Series 1
What this strategy is
Karma Capital India Fund - Series 1 is a aif AIF strategy from Karma Capital India Fund, run by Darshan Engineer. It follows a — style, is benchmarked to the NIFTY Mid Small Cap 400, and carries a Nyra score of 8.2 out of 10.
- This strategy₹2.10 Cr
Illustrative monthly path, net of fees, modelled to the strategy's since-inception CAGR versus the NIFTY Mid Small Cap 400. Not the actual NAV series; past performance is not indicative of future returns.
Trailing returns vs benchmark
Absolute for windows under a year, annualised (CAGR) beyond. Alpha is the strategy minus its benchmark.
This strategyHow often it has beaten the index
Across every rolling holding period in the modelled history — the longer you hold, the more the odds have favoured the strategy.
Not enough track record to compute rolling windows yet.
Computed on an illustrative monthly path modelled to the since-inception CAGR — not the actual NAV series.
The quality of those returns
Returns mean little without the ride that earned them.
A Sharpe of 2.23 means it earned a healthy return for each unit of risk taken. Size the position so a drawdown of that order is one you can sit through.
Under the hood — where the money sits
A focused book of about 26 stocks, spread across the market-cap curve.
- Large94%
- Cash / Debt6%
Top holdings and the sector book stream from the live feed — ask Nyra for the current portfolio.
Who runs the money
A strategy is only as good as the hand on the wheel.
Karma Capital India Fund's AIF approach blends valuation discipline with growth conviction, tilting toward whichever side the cycle is paying for. It is benchmarked to the NIFTY Mid Small Cap 400 but invests with conviction rather than hugging the index.
A focused book of roughly 26 holdings means the highest-conviction ideas actually move the portfolio.
A 4-year track record across rallies and drawdowns — positioning shifts with the cycle rather than chasing the last quarter.
Drawdowns are managed deliberately; the worst peak-to-trough on record is kept in check.
A dependable aif strategy that scores well across our pillars.
Nyra scores Karma Capital India Fund - Series 1 8.2/10, on a since-inception CAGR near 20.4%. Drawdowns have stayed contained — size the position so that ride is one you can hold.
Investors with a 5-year-plus horizon who want active AIF exposure and can sit through equity drawdowns.
A double-digit drawdown would test your nerve, or you need ₹1 Cr+ to commit at the SEBI minimum.
A steadier core (large-cap or hybrid) so this can play the higher-conviction satellite in your overall allocation.
The fine print, in plain sight
- Inception
- Mar 2022
- Track record
- 4 years
- Category
- AIF
- Style
- —
- Benchmark
- NIFTY Mid Small Cap 400
- Holdings
- 26 stocks
- Fixed fee
- —
- Performance fee
- —
- Minimum investment
- ₹1 Cr
- Lock-in / exit
- —
- Reporting
- Monthly + live login
- Regulator
- SEBI-registered AIF
PMS Sahi Hai is a SEBI-registered platform. Figures are sourced from the strategy's disclosures and the live feed; the growth chart, rolling-window and risk figures are modelled to the disclosed since-inception CAGR (illustrative, not the actual NAV series). Returns are net of fees where stated. Investments in PMS, AIF and GIFT City strategies are subject to market risk — past performance is not indicative of future results. This page is information, not investment advice.
“I held two PMS for four years and couldn't tell you why. One 15-minute review showed me the overlap, the real post-tax number, and one fund worth replacing. Nobody had ever shown me that math.”
Rajesh K.HNI · Mumbai · ₹3.2 Cr · 2 PMS reviewedComposite client stories — names changed, numbers preserved.
Karma Capital India Fund - Series 1 — common questions
What is Karma Capital India Fund - Series 1?
Karma Capital India Fund - Series 1 is a AIF AIF strategy from Karma Capital India Fund, managed by Darshan Engineer. It follows a — style, is benchmarked to the NIFTY Mid Small Cap 400, and carries a Nyra score of 8.2/10.
Who should consider Karma Capital India Fund - Series 1?
It suits investors with a five-year-plus horizon who want active AIF exposure and can stay invested through market drawdowns. The SEBI minimum is ₹1 Cr.
What returns has it delivered?
Since inception (Mar 2022) it has compounded at roughly 20.4% a year. Returns are net of fees; past performance is not a guarantee of future results.
What are the fees and lock-in?
—. Exit / lock-in terms: —.
How risky is it?
Like all market-linked products it can fall in value; the worst drawdown on record is disclosed in the factsheet. Karma Capital India Fund is SEBI-registered and reports monthly. This page is information, not investment advice.
