A9 Finsight, Vivriti Asset among top 11 AIF Funds that rose 10-20% in April 2024

In April, most of the fund and in Category II gave double-digit returns in April which include names like ’s Finavenue Growth Fund, which is CAT III Fund, followed by ’s – Enhanced which is a CAT II Fund.

Other funds that rose more than 10% in April include ’s Alpha Fund, IFMR Fimpact CAT II Fund, and ’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 () 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.

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, where an investor sells a security they do not own with the intention of buying it back later at a lower price.

Under the Long Only category Rational Equity Trust rose more than 11%, followed by First Water Capital Fund which was also up 11%, and Ampersand Capital’s Growth Opportunities Fund delivered over 10% return in April.

Category II Performance – Debt

Category II – Debt Funds gave stellar returns in April. All the five funds tracked by PMSBazaar.com delivered more than 10% return each last month compared to 1.2% return given by Nifty50.

Various types of funds such as real estate funds, private equity funds (PE funds), funds for distressed assets, etc. are registered as Category II AIFs as defined by SEBI.

A CAT II Debt Fund primarily invests in debt instruments. These funds typically invest in fixed-income securities such as bonds, debentures, and other debt instruments issued by governments, corporations, or other entities.

Vivriti Asset Management’s rose 13.7% in April, followed by which was up 12%, ’s Alpha Debt Fund and rose more than 11% each, and Northern Arc’s rose 10.3% in April.

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