Category-III alternative investment funds (AIFs) beat Nifty returns of -0.4 per cent in February. Long-only funds provided average returns of 8 per cent, while long-short funds returned 0.3 per cent, data from PMS Bazaar showed. Only two of the 34 funds ended in the red. The top performer was Roha Emerging Companies Fund (17.5 per cent), followed by Abakkus Asset Manager’s Growth Fund 1 (14 per cent), and Nippon India’s Big Switch Scheme 1 (13.9 per cent). The total commitments to category-III AIFs, which include hedge funds, fell from Rs 48,151 crore at the end of 2019, to Rs 46,825 crore at the end of December 2020, regulatory data showed.
Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
Track the industry of your choice with a daily newsletter specific to that industry.
Stay on top of your investments. Track stock prices in your portfolio.
NOTE :
This product is a monthly auto renewal product.
Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.