AIF Tracker: A9 Finsight, Vivriti Asset among top 9 funds which gave over 10% return to crorepati investors in June
Data tracked by PMSBazaar.com showed that 55 AIF funds across categories have risen more than 6.6% in June 2024 compared to 6.5% rally seen in the Nifty50 in the same period.
Note: Each scheme may have a different benchmark. Nifty is used as a reference.
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.
AIF Funds which recorded double digit returns include names like Finavenue Growth Fund which is a Category III – Long Only Fund, followed by Vivriti Asset Management’s Alpha Debt Fund which has risen nearly 13%, PMSBazaar.com data showed.
Other funds which recorded double digit returns include Motilal Oswal’s Growth Anchor Fund which rose 12.6% and Alchemy Capital’s Leaders of Tomorrow fund rallied more than 12% in June 2024.
In June 2024, majority of Category III themes gave positive returns in June 2024 which include schemes like Rational Equity, 360 One Asset Management’s High Growth Companies Fund which have over 10% return, Carnelian AMC’s Bharat Amritkaal Fund witnessed a growth of over 9%, data from PMSBazaar.com showed.
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.
Sunil Singhania’s Abakkus Asset Management’s Growth Fund – a category III Long Only Fund rose more than 9% in June.
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