- Category
- III
- Strategy
- Long-short
- Fund house
- Samvitti Capital
Alpha Fund
+12.69%
1-year return, after expenses and tax
Benchmark NIFTY 50 TRI · data as of 30 Sep 2026
Alpha Fund, a Category III long-short AIF from Samvitti Capital, returned 12.69% (after expenses and tax) in the year to 30 Sep 2026. It began on 10 Nov 2015 and manages ₹205 crore.
Key numbers
- AUM
- ₹205 Cr
- Benchmark
- NIFTY 50 TRI
- Launched
- 10 Nov 2015
- Min. investment
- ₹1 crore
- Returns basis
- After expenses and tax
Returns
| Period | This fund | NIFTY 50 TRI |
|---|---|---|
| 1 month | −6.65% | −5.60% |
| 3 months | −2.89% | −3.88% |
| 6 months | +29.31% | +7.40% |
| 1 year | +12.69% | −3.22% |
| 2 years | −4.19% | −4.92% |
| 3 years | +9.99% | +8.04% |
| 5 years | +11.75% | +7.63% |
| Since inception | +11.97% | +11.72% |
After expenses and tax, as Samvitti Capital reports them, to 30 Sep 2026. AIFs report returns on different bases, so compare like with like.
Fund details
- Category
- Category III
- Strategy
- Long-short
- Market-cap style
- Large and mid cap
- Asset type
- —
- Benchmark
- NIFTY 50 TRI
- Fund manager
- Athul Vasudeva Kudva
Market-cap mix
- Large cap3.50%
- Mid cap0.70%
- Small cap95.80%
The five largest holdings are 14.70% of the portfolio.
Investment approach
The Fund shall utilize long short strategies on cash / futures and options / other permissible instruments including but not limited to the following strategies: Momentum Strategies;Black Swan Opportunities;Statistical Arbitrage;Trend Following;M&A Arbitrage;Special Situations;Event Arbitrage;Opportunistic Transactions;Initial Public Offerings / Further Public Offerings / Offers for Sale.The Fund shall also have the flexibility to remain up to 100% in cash or liquid funds
The primary objective of the Fund will be to carry on the activity of a Category III Alternative Investment Fund as permissible under the Regulations and raise resources on a private placement basis to. The Fund will target enhanced returns by exploiting opportunities and utilizing the leverage provided in futures and options to build a portfolio of simultaneous long and short positions
About the fund manager
Mr Athul Kudva — Fund Manager
Athul Kudva, an engineer from the National Institute of Technology, Karnataka, worked briefly at Tata Motors before cofounding Omnesys which developed highly scalable order and risk management software for traders and brokers across the country. Omnesys was acquired by media and information giant Thomson Reuters in 2013. Athul has been a very astute active investor and trader operating in the markets for multiple decades and brings with them more than 25 years of market experience. This market experience combined with technology insights has allowed him to work on building quant systems and tools which are used extensively by Samvitti in its fund management.
As the fund house describes it.
FAQs
What has Alpha Fund returned?
12.69% (1-year return) to 30 Sep 2026, after expenses and tax, as Samvitti Capital reports it. 1 month: −6.65%; 3 months: −2.89%; 6 months: 29.31%; 1 year: 12.69%; 2 years: −4.19%; 3 years: 9.99%; 5 years: 11.75%; Since inception: 11.97%.
What kind of AIF is Alpha Fund?
A Category III AIF following a long-short strategy, with a large and mid cap style. Category III AIFs trade listed and unlisted securities and may use leverage and derivatives, including short positions.
How much does Alpha Fund manage?
₹205 crore as of 30 Sep 2026.
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). Alpha Fund’s stated minimum is ₹1 crore.
Who manages Alpha Fund?
Samvitti Capital runs it; the fund manager is Athul Vasudeva Kudva.
How are AIF returns reported?
Each fund house reports its own returns on its own basis: Alpha Fund’s are after expenses and tax. 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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