Top ten AIFs give 3-6 percent returns in August; Generational Capital Breakout on the top

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The top ten Category III Alternative Investment Funds (AIFs), in August, delivered returns ranging from 3 to 6 percent, according to PMS Bazaar data. Leading the pack was Generational Capital Breakout Trust's Breakout Fund 1, followed by Carnelian Asset Management's Advisors Structural Shift Fund.

Generational Capital Breakout Trust's Breakout Fund 1 posted the highest return at 6.36 percent for the month. The fund’s top five holdings include Trent, Varun Beverages, Titan, and Safari Industries. In its investment strategy, the fund avoids companies with high miscellaneous expenses, negative cash flows, and significant intangible assets. This long-only fund has been in operation for just five months.

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Carnelian Asset Management and Advisors Structural Shift Fund were the second highest in the queue with a return of 5.55 percent. The fund looks for themes like manufacturing and tech evolution as it sees a $500 billion manufacturing opportunity and a $90 billion digital opportunity over the next 5 years. Structural Shift Fund is a long-only category and is 2 years, and 4 months old.

Abakkus Asset Managers' Emerging Opportunities Fund - 1 yielded a return of 5.07 percent in August. The fund has a portfolio of 30-40 companies with a bias towards midcaps and smallcaps. It is a long-only fund with an age of 5 years and 2 months.

Girik Wealth Advisors Multicap Growth Equity Fund II gave a return of 3.99 percent in August. This is a long-only fund, 7 years and 7 months old, with an AUM of Rs 238.95 crore.

InCred Asset Management's Emerging Business Fund has given a return of 3.84 percent in August. The fund invests in listed companies that can benefit from strong growth in earnings and re-rating of businesses. It invests in cash equities, debt and debt-related instruments, warrants, and others. It is a long-only fund with a portfolio age of 2 years and 6 months.

Sameeksha Capital India Equity Fund generated a 3.8 percent return in August. The fund is in the long-only category and is 4 years and 6 months with Rs 284.15 crore in AUM. The fund's top holding in includes banking and services, wealth management and broking, aviation, fertilizers, and pharmaceuticals.

Motilal Oswal Asset Management Company's Growth Fund recorded a return of 3.79 percent in August. This long-only fund is 5 years and 3 months old, managing Rs 1924.96 crore in assets.
Carnelian Asset Management and Advisors Capital Compounder Fund - 1 posted a return of 3.75 percent in August. It is a long-only fund, 5 years and 5 months old.

Renaissance Investment Managers India Next Fund III gained 3.7 percent in August. The fund aims to invest in new growth drivers of the Indian economy like manufacturing, and digital ecosystem. The fund is categorized as long-only and is 4 years and 10 months old.

Guardian Capital Partners' Opportunities Scheme returned 3.64 percent for the month of August. The fund is long-only and 4 years and 7 months old.

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