- Category
- III
- Strategy
- Long-only
- Fund house
- Ashika Investment Managers
Ashika India Select Fund
+15.33%
1-year return, after expenses, before tax
Benchmark NIFTY 500 · data as of 30 Sep 2026
Ashika India Select Fund, a Category III long-only AIF from Ashika Investment Managers, returned 15.33% (after expenses, before tax) in the year to 30 Sep 2026. It began on 31 Jan 2024.
Key numbers
- AUM
- —
- Benchmark
- NIFTY 500
- Launched
- 31 Jan 2024
- Min. investment
- ₹1 crore
- Returns basis
- After expenses, before tax
Returns
| Period | This fund | NIFTY 500 |
|---|---|---|
| 1 month | +1.87% | −5.88% |
| 3 months | +11.69% | −4.02% |
| 6 months | +40.32% | +7.52% |
| 1 year | +15.33% | −2.91% |
| 2 years | +4.35% | −4.59% |
| Since inception | +13.19% | +4.61% |
After expenses, before tax, as Ashika Investment Managers reports them, to 30 Sep 2026. AIFs report returns on different bases, so compare like with like.
Fund details
- Category
- Category III
- Strategy
- Long-only
- Market-cap style
- Multi / flexi cap
- Asset type
- —
- Benchmark
- NIFTY 500
- Fund manager
- Manish Lodha
Market-cap mix
- Large cap11.82%
- Mid cap6.83%
- Small cap77.20%
- Cash4.16%
The five largest holdings are 26.92% of the portfolio.
Investment approach
The Fund aims to generate long term returns through a long-biased strategy by investing in equity and equity related instruments following the “SELECT CODE”.
The Fund aims to generate long term returns through a long-biased strategy by investing in equity and equity related instruments following the “SELECT CODE”.
About the fund manager
Mr Manish Lodha — CIO
Manish Lodha is a senior investment professional with over 25 years of expertise across the Indian financial markets, spanning corporate finance, fixed income, equity research, and portfolio management. A Chartered Accountant and Company Secretary, Manish combines financial discipline with an understanding of market fundamentals to deliver long-term returns. Prior to his current role at Ashika Investment Managers, he made significant contributions as a Fund Manager at Mahindra Manulife Mutual Fund. Manish has also been associated with Canara HSBC OBC Life Insurance Company and Kotak Mahindra Mutual Fund, where he was a part of equity research and portfolio management. Earlier in his career, he spent four years in corporate finance function in BOC India Ltd (now Linde India Ltd), giving him a well-rounded perspective on both capital markets and corporate finance. Manish comes with research-driven approach, strong focus on fundamentals, and ability to navigate diverse market cycles, making him a respected voice in the equity investment field.
As the fund house describes it.
FAQs
What has Ashika India Select Fund returned?
15.33% (1-year return) to 30 Sep 2026, after expenses, before tax, as Ashika Investment Managers reports it. 1 month: 1.87%; 3 months: 11.69%; 6 months: 40.32%; 1 year: 15.33%; 2 years: 4.35%; Since inception: 13.19%.
What kind of AIF is Ashika India Select Fund?
A Category III AIF following a long-only strategy, with a multi / flexi cap style. 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). Ashika India Select Fund’s stated minimum is ₹1 crore.
Who manages Ashika India Select Fund?
Ashika Investment Managers runs it; the fund manager is Manish Lodha.
How are AIF returns reported?
Each fund house reports its own returns on its own basis: Ashika India Select Fund’s are after expenses, before 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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