A9 Finsight, Vivriti Asset among top 11 AIF Funds that rose 10-20% in April 2024
Nifty50 closed 1.2% higher in April but more than 80% of the Alternative Investment Funds (AIFs) tracked by PMSBazaar.com beat the benchmark delivering up to 19% return in the same period.
AIFs are investment funds pooling money from investors for assets beyond conventional stocks, bonds, and cash.
In April, most of the Long Only Category III fund and Debt Fund in Category II gave double-digit returns in April which include names like A9 Finsight Pvt Ltd’s Finavenue Growth Fund, which is CAT III Fund, followed by Vivriti Asset Management’s Alpha Debt Fund – Enhanced which is a CAT II Fund.
Other funds that rose more than 10% in April include Samvitti Capital’s Alpha Fund, Northern Arc Investments IFMR Fimpact CAT II Fund, and Dalal and Broacha Stock Broking’s Opportunities Multi-Cap Fund.
A9 Finsight Pvt Ltd’s Finavenue Growth Fund which delivered 19.2% return according to PMSBazaar.com data is a CAT III AIF Fund which invests in companies from small & midcap space.
AIFs are regulated by the Securities and Exchange Board of India (SEBI) and can be formed as a trust, company, or Limited Liability Partnership (LLP). The minimum investment for an investor in an AIF is Rs. 1 crore.
Category III AIFs are often focused on short-term trading, arbitrage opportunities, and other sophisticated investment strategies in listed or unlisted derivatives aimed at generating high returns.
CAT III — «Long Only» in this context means that the fund only takes long positions in securities. It does not engage in short selling,
