Cat III · Managed by Dalal & Broacha
Five Decades of Integrity. One Philosophy: Long-Term Value.
Complex or leveraged strategies — long-short, hedge-fund-style and quant funds. Often open-ended, within SEBI leverage limits.
D&B India Opportunities Multicap Fund is a SEBI-registered Category III Alternative Investment Fund (reg. IN/AIF3/19-20/0726), managed by Dalal & Broacha Stock Broking Private Limited — a Mumbai-headquartered full-service stockbroking and financial services firm established in 1961. D&B is one of India's oldest and most respected broking houses, serving over 20,000 clients across retail, NRI, corporate, banking, mutual fund, and FII segments. The AIF was launched in December 2019 as the firm's foray into alternative investment management, leveraging its six-decade legacy of equity research and wealth management. The fund follows a multicap long-only equity strategy focused on identifying good businesses with capable management at reasonable prices, with a minimum 2–3 year holding horizon. D&B is registered as both a Portfolio Manager (SEBI Reg. INP000001975) and AIF with SEBI, and is a member of the Bombay Stock Exchange, National Stock Exchange, and CDSL. The fund's registered office is at 83/7, Ground Floor, Soundarya Paramount, 5th Cross, Bengaluru 560003 — the firm's Bangalore branch.
Milind Karmarkar
Fund managerFund Manager, PMS division
Chartered Accountant
A chartered accountant by profession, Milind joined the firm over 30 years ago. He has played a key role in setting up the organisation's research team. He is currently the Fund Manager of the PMS division.
Hriday Dalal
Business development and corporate treasury
The third generation family member to join the business. He leads the focus on business development as well as heads the firm's corporate treasury desk. Hriday has been instrumental in establishing the NRI desk and PMS services for the organisation.
Nailesh P Dalal
CEO & Principal Officer
Nailesh Dalal comes with 35 years of experience in financial solutions. He has played a leading role in the firm's retail and financial functioning. His strength lies in people management and understanding each individual's needs; be it customers or employees.
Nailesh Dalal
Director
Nailesh Dalal is a Director of Dalal & Broacha Stock Broking Private Limited. A BCom and management diploma holder with 38+ years in the field, he handles the firm's retail broking and finance functions, with a focus on individual investors and their financial planning needs.
Vipul Dalal
Institutional business
He has been responsible for building strong institutional relationships over the last 30 years for the organisation. The focus on institutional business increased after Vipul architected the approach, and the firm enjoys a coveted position amongst institutional buyers largely due to his efforts.
Chaitali M. Shah
Compliance Officer
Chaitali M. Shah is the Compliance Officer of Dalal & Broacha Stock Broking Private Limited, reachable at compliance.officer@dalal-broacha.com, +91-22-2282-2992 Ext. 168.
Nilay Dalal
Business Development
Second of the third-generation family members attached to the business, has worked on various verticals of the business and now has set his focus on business development and maintaining client relationships.
Rohan Dalal
Research
The youngest family member to join the business, plays an important role in strengthening the firm's research potential.
Bhavesh Doshi
Fixed Income & Distribution desk
He has been with Dalal & Broacha for over 25 years and has been responsible for setting up the firm's Fixed Income & Distribution Desk.
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