Top 10 Category III AIFs in May: ICICI Prudential's Growth Leaders Fund and Emerging Leaders Fund on top spots
ICICI Prudential's Growth Leaders Fund received the highest returns of 4.07 percent in May, followed by ICICI Prudential's Emerging Leaders Fund with 3.96 percent.
The top ten category III Alternative Investment Funds (AIFs) have given returns of 2-4 percent in May. This range is fairly lower compared to the returns of the top ten AIFs in April, which were 9-19 percent. ICICI Prudential's Growth Leaders Fund received the highest returns of 4.07 percent in May, followed by ICICI Prudential's Emerging Leaders Fund with 3.96 percent. In the third spot was Alchemy Capital Management's Emerging Leaders of Tomorrow with 3.62 percent returns.
2/11
ICICI Prudential's Growth Leaders Fund, a long-only category III AIF. It was started in November 2021 and invests in securities across market caps.
3/11
ICICI Prudential's Emerging Leaders Fund is a long-only category III AIF. It invests in small-cap and mid-cap securities that have a competitive edge over others. The fund was started in August 2022.
4/11
Alchemy Capital Management's Emerging Leaders of Tomorrow, a long-only category III AIF. The fund has an AUM of Rs 1193 crore and is managed by Hiren Ved, the co-founder and chief investment officer of Alchemy Capital. The fund was started in October 2022. It invests in Indian listed equities with a 65 percent exposure in small caps and mid caps, and 10 percent in IPO opportunities. The fund looks for opportunities where the company is adding new product lines or entering a new market.
Samvitti Capital's Alpha Fund is a long-short category III AIF and was started in November 2015. The fund uses long-short strategies on cash and F&O and employs momentum strategy, Black Swan Opportunities, Statistical Arbitrage, M&A Arbitrage, Special Situations, and others.
6/11
Alchemy Capital Management's Leaders of Tomorrow is a long-only category III AIF. It has an AUM of Rs 525 crore and is managed by Hiren Ved. The investment strategy of the fund is to generate long-term capital appreciation by investing in listed Indian equities, PIPE, and IPO and pre-IPO opportunities.
7/11
360 One's High Growth Companies Fund is a long-only category III AIF. The fund was started in November 2018. It has around 58 percent allocation to large caps, 29 percent to mid caps, and 11 percent to small caps.
8/11
Ambit Investment Advisors' Ambit 365 is a long-short, open-ended fund. The fund was started in October 2023 and is managed by Dhiraj Agarwal.
AlphaGrep Investment Managers' AlphaMine Absolute Return Fund is a long-short fund that aims to achieve moderate capital appreciation across market cycles with low volatility and drawdown. The fund was started in April 2022.
10/11
TCG Advisory Service's TGC Fund I is a long-only category III AIF and was started in June 2017. It is managed by Chakravarthi Lokpriya. It has 45 percent allocation to mid caps, 26 percent to large caps, and 25 percent to small caps. It looks for niche profitable businesses, new technologies, shifts in preferences, and scalable businesses before investing in a company.
11/11
Vasisth Capital's Relative Value Fund is a long-short category III AIF and was started in September 2015.
