
Complex or leveraged strategies — long-short, hedge-fund-style and quant funds. Often open-ended, within SEBI leverage limits.
Boring AMC (IN/AIF3/23-24/1410) is a SEBI-registered Category III Alternative Investment Fund registered in December 2023 and managed by Omkara ASAS Capital Private Limited. The fund's sole scheme is the India Inflection Fund — a long-only, publicly listed equity fund that has built INR 400 crore+ AUM since February 2024 entirely without distributor involvement. As of February 2026 the fund has delivered 42% gross returns vs 14% for its benchmark. The fund is co-founded by Varinder Bansal (former Corporate Editor and Head of Research, CNBC-TV18, and fund manager at an AMC) and Himanshu Khandelwal (two decades of investment research and private equity at Asas Capital). The name 'Boring AMC' is a deliberate, contrarian brand — rooted in the philosophy that disciplined, patient, fundamentals-driven investing is inherently unglamorous but reliably compounding. Boring AMC is headquartered at Peninsula Centre, Parel East, Mumbai.
Varinder Bansal
Founder of Boring AMC
MSc in Finance, MBA (Finance)
Over 18 years of experience in equity research and capital markets. Prior to founding Boring AMC, he served as a Fund Manager at an Asset Management Company. Earlier in his career, he was the Corporate Editor and Head of Research at CNBC-TV18, where he developed a deep understanding of businesses across sectors and market cycles. He holds an MSc in Finance and an MBA (Finance). Based in Mumbai for over 15 years, Varinder has built his investment philosophy through continuous engagement with entrepreneurs, management teams, and market participants across the spectrum, many of whom remain trusted mentors.
Himanshu Khandelwal
Founder of Boring AMC
Himanshu has two decades of experience in Investment Research and Asset Management across asset classes. He has been with Asas Capital since its inception managing proprietary equity investments and has executed numerous private equity transactions. He currently heads the Investment team focused on cutting edge value creation strategies.
Rakesh Roy
Head of Research
Rakesh Roy has 11+ years of experience on the buy-side and sell-side. He began his career at a buy-side firm in Chennai, then joined a Mumbai-based PMS firm before moving to institutional equity research. He holds an MBA (Finance) from Chennai and a degree from Delhi University.
Saloni Jain
Compliance Officer
Saloni Jain is the Compliance Officer at Boring AMC and the SEBI-registered contact person for the fund. She has 6+ years of experience in compliance across corporate secretarial, SEBI intermediary (RA, IA, AIF) regulations. She is an Associate Member of ICSI, holds a BBA from JNVU University, and an LLB from Mumbai University.
Rikin Shah
Senior Research Analyst
Rikin Shah has 5+ years of experience in the investment industry including as an analyst at a VC firm focused on agri-tech. He holds a B.Com (Accounting & Finance) from Jai Hind College and is a CFA Charterholder.
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Kenil Mehta
Senior Research Analyst
Kenil Mehta has 5+ years of experience in equity markets with multi-sector coverage. He holds a B.Com degree and has cleared CFA (US) Level 2.
Shivam Parekh
Senior Research Analyst
Shivam Parekh has 5+ years of experience as a Senior Research Analyst at Omkara Capital since its inception. He holds a B.Com from Mithibai College and an M.Com degree.
Trusha Faria
Research Analyst
Trusha Faria is a Chartered Accountant and CFA (L3) with 5+ years of experience including statutory audit at Deloitte and financial planning and analysis at Westlife Development (McDonald's India). She is also an NISM-certified Investment Advisor (Levels 1 & 2).
Jafar Rizvi
AdvisorAdvisory Committee – Partner, Harding Loevner
Jafar Rizvi has over a decade of global investing experience with a focus on emerging markets. He is a Partner at Harding Loevner working on Emerging Markets and International Equity strategies. Prior to joining Harding Loevner in 2012 he worked at J.P. Morgan and Nomura in investment banking and equity research. He holds a BA and MA in Economics from Yale University and is a CFA Charterholder.
Gary Dugan
AdvisorAdvisory Committee – Founder, The Global CIO
Gary Dugan has 40+ years of global experience in wealth and asset management, having served as CIO and Managing Director at JPMorgan, Merrill Lynch, Barclays Wealth, Coutts, Emirates NBD, and FAB. He now leads The Global CIO, advising institutional and private clients on macro strategy and multi-asset investing.
Biswajit Dasgupta
AdvisorAdvisory Committee – CIO, Asas Capital
Biswajit Dasgupta has 25+ years of experience across global financial markets — FX, fixed income, and equity investing. He was previously CIO at Emirates Investment Bank and held senior treasury roles at Invest AD and Al Khalij Commercial Bank, playing a pivotal role in setting up treasury and Islamic banking businesses in GCC. He is a Chartered Accountant (ICAI) and alumnus of SRCC, Delhi University.
Devesh Kayal
AdvisorHeta vora
AdvisorVarun Gajaria
AdvisorParth Gohil
AdvisorKrisha Kansara
AdvisorVibhay Singh
AdvisorRuchika Jain
AdvisorKarishma Malvankar
AdvisorPranay Bandre
AdvisorAsha Bhandari
AdvisorSee every PMS strategy and AIF from Boring AMC.