Duro Capital hits first close of Rs 200 Cr for maiden India AIF

Duro Capital, an India-focused investment management firm, has marked the first close of its maiden onshore vehicle, the Duro Opportunities Fund, with commitments of over Rs 200 crore. 

The SEBI-registered Category III AIF, launched in July, is targeting a total raise of Rs 1,000 crore, primarily from select Indian family offices.

The fund will focus on publicly traded Indian companies across market capitalizations and sectors, aiming to build a concentrated portfolio of 20–25 businesses. Duro Capital brings a 15-year track record of managing foreign institutional capital in Indian equities through offshore long-short and long-only strategies, both of which have historically outperformed benchmarks.

Founded by Nishchay Goel, who serves as founder & Chief Investment Officer, The firm invests in listed equities using a research-driven approach to identify businesses with structural advantages, aiming to deliver long-term capital appreciation through disciplined, high-conviction strategies.

The new fund will operate with a fee structure tied to performance, ensuring alignment with investors. Duro also invests a significant portion of its own capital alongside clients. 

This India AIF marks the firm’s first domestic vehicle, adding to its global funds platform. The move underscores Duro’s confidence in India’s capital markets and its ambition to deepen partnerships with leading family offices.