- Category
- III
- Strategy
- Long-short
- Fund house
- Dolat Capital Market
Absolute Return LLP
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Assets under management
Data as of —
Absolute Return LLP, a Category III long-short AIF from Dolat Capital Market. It began on 29 Jan 2021.
Key numbers
- AUM
- —
- Benchmark
- —
- Launched
- 29 Jan 2021
- Min. investment
- ₹1 crore (SEBI)
- Returns basis
- Gross of fees
Fund details
- Category
- Category III
- Strategy
- Long-short
- Market-cap style
- —
- Asset type
- Equity
- Benchmark
- —
- Fund manager
- Purvag Shah
About the fund manager
Mr. Purvag Shah
Third-generation business leader from the Dolat Group, inheriting 60+ years of expertise in trading and derivatives strategies. These strategies have been deployed in fund management at the Dolat Group's proprietary business and Dolat Capital's alternative investment strategies. Initiated the group's client-facing businesses across institutional research, asset and wealth management, and investment banking. At Dolat Capital, shapes business and investment strategy, oversees risk management, and runs trading floor operations. Previously at Bloomberg in the UK and IDFC Offshore Fund. MSc in International Securities and Investment from Reading University.
As the fund house describes it.
FAQs
What kind of AIF is Absolute Return LLP?
A Category III AIF following a long-short strategy. Category III AIFs trade listed and unlisted securities and may use leverage and derivatives, including short positions.
What is the minimum investment in an AIF?
SEBI sets the minimum at ₹1 crore per investor (₹25 lakh for the fund’s own employees and directors).
Who manages Absolute Return LLP?
Dolat Capital Market runs it; the fund manager is Purvag Shah.
How are AIF returns reported?
Each fund house reports its own returns on its own basis: Absolute Return LLP’s are gross of fees. Bases differ from fund to fund, so compare like with like.
For information only. Not investment advice or a research report. Past performance does not guarantee future returns. AIF investments carry higher minimums and risks; read the private placement memorandum.
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