- Category
- III
- Strategy
- Long-short
- Fund house
- Prajana Advisors
Athena Absolute Return Fund
+0.18%
1-year return, after expenses, before tax
Benchmark NIFTY 500 & Debt Composite Index · data as of 30 Sep 2026
Athena Absolute Return Fund, a Category III long-short AIF from Prajana Advisors, returned 0.18% (after expenses, before tax) in the year to 30 Sep 2026. It began on 3 Aug 2023.
Key numbers
- AUM
- —
- Benchmark
- NIFTY 500 & Debt Composite Index
- Launched
- 3 Aug 2023
- Min. investment
- ₹1 crore
- Returns basis
- After expenses, before tax
Returns
| Period | This fund | NIFTY 500 & Debt Composite Index |
|---|---|---|
| 1 month | −3.43% | −1.70% |
| 3 months | −2.58% | −0.58% |
| 6 months | −0.80% | +3.54% |
| 1 year | +0.18% | +2.69% |
| 2 years | −2.14% | +3.41% |
| Since inception | +5.24% | +7.39% |
After expenses, before tax, as Prajana Advisors 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
- —
- Asset type
- —
- Benchmark
- NIFTY 500 & Debt Composite Index
- Fund manager
- Vineet Bagri & Rajesh Aynor
Investment approach
The Absolute Return Fund allocates monies across four strategies viz. Long/Short, Covered Options, Special Situations and Fixed Income Investments.
The fund aims to deliver absolute returns with low correlation to Indian Equities.
FAQs
What has Athena Absolute Return Fund returned?
0.18% (1-year return) to 30 Sep 2026, after expenses, before tax, as Prajana Advisors reports it. 1 month: −3.43%; 3 months: −2.58%; 6 months: −0.80%; 1 year: 0.18%; 2 years: −2.14%; Since inception: 5.24%.
What kind of AIF is Athena Absolute Return Fund?
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). Athena Absolute Return Fund’s stated minimum is ₹1 crore.
Who manages Athena Absolute Return Fund?
Prajana Advisors runs it; the fund managers are Vineet Bagri & Rajesh Aynor.
How are AIF returns reported?
Each fund house reports its own returns on its own basis: Athena Absolute Return 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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