Category III AIFs
170 Category III AIF schemes with reported data, largest first. Category III AIFs trade listed and unlisted securities and may use leverage and derivatives, including short positions.
170schemes with data
| Fund | Fund house | Strategy | AUM | 1 year |
|---|---|---|---|---|
| Emerging Opportunities Fund - 1 | Abakkus Asset Manager | Long-only | ₹3,156 Cr | +10.35% |
| Diversified Alpha Fund | Abakkus Asset Manager | Long-only | ₹2,772 Cr | +10.89% |
| Growth Fund - 2 | Abakkus Asset Manager | Long-only | ₹2,537 Cr | +8.05% |
| Diversified Alpha Fund - 2 | Abakkus Asset Manager | Long-only | ₹2,440 Cr | +16.14% |
| SageOne Flagship Growth OE fund | SageOne Investment Managers | Long-only | ₹2,045 Cr | +17.30% |
| Flexi Edge Fund - 1 | Abakkus Asset Manager | Long-only | ₹1,961 Cr | +18.58% |
| Motilal Oswal Founders Fund Series 1 | Motilal Oswal Asset Management Company | Long-only | ₹1,788 Cr | +8.30% |
| Alpha OpportunitiesFund | ICICI Prudential AMC | Long-only | ₹1,512 Cr | +4.02% |
| Equity Opportunities Fund | ICICI Prudential AMC | Long-only | ₹1,512 Cr | +3.63% |
| Emerging Leaders of Tomorrow | Alchemy Capital Management | Long-only | ₹1,471 Cr | +23.44% |
| Enhanced Dynamic Growth Equity [EDGE] Fund | Nuvama Asset Management | Long-short | ₹1,462 Cr | −2.42% |
| Growth Fund Open Ended | Abakkus Asset Manager | Long-only | ₹1,368 Cr | — |
| India Equity Fund | Sameeksha Capital | Long-only | ₹1,277 Cr | +7.02% |
| Niveshaay Hedgehogs Fund | Niveshaay Investment Management | Long-only | ₹1,190 Cr | +28.57% |
| Negen Undiscovered Value Fund | Negen Capital Services | Long-only | ₹1,051 Cr | +19.85% |
| Growth Leaders Fund - 1 | ICICI Prudential AMC | Long-only | ₹1,037 Cr | +1.01% |
| Growth Opportunities Fund Scheme - I | Ampersand Capital Trust | Long-only | ₹999 Cr | +10.45% |
| Leaders of Tomorrow | Alchemy Capital Management | Long-only | ₹972 Cr | +18.12% |
| Multi Asset Strategy Return Fund (NARS+) | Nuvama Asset Management | Long-short (conservative) | ₹893 Cr | +7.42% |
| Equity Scheme I | Aequitas Investment Consultancy | Long-only | ₹842 Cr | +3.56% |
| MNCL Capital Compounder Fund -2 | Monarch Networth Capital | Long-only | ₹841 Cr | +11.30% |
| Money Market Alpha Fund | Northern Arc Investment Managers | Debt | ₹760 Cr | +9.60% |
| India Equity Services Fund | Aditya Birla Sun Life AMC | Long-only | ₹693 Cr | −8.82% |
| Aarth Growth Fund | Aarth AIF | Long-only | ₹681 Cr | +21.07% |
| Finavenue Growth Fund | A9 Finsight | Long-only | ₹655 Cr | +19.09% |
| India Equity Fund VI | White Oak Capital Management Consultants | Long-only | ₹628 Cr | +3.06% |
| Enhanced Dynamic Equity Fund | ICICI Prudential AMC | Long-short (aggressive) | ₹543 Cr | −3.23% |
| India Inflection Fund | Boring AMC | Long-only | ₹540 Cr | +28.39% |
| AAA India Equity Fund | AlfAccurate Advisors | Long-only | ₹529 Cr | −1.50% |
| Emerging Leaders Fund | ICICI Prudential AMC | Long-only | ₹522 Cr | +2.48% |
| Neomile Growth Fund - Series I | Neomile Asset Managers | Long-only | ₹510 Cr | +10.44% |
| Multicap Growth Equity Fund III | Girik Wealth Advisors | Long-only | ₹466 Cr | +4.98% |
| ABSL India Special Opportunities Fund | Aditya Birla Sun Life AMC | Long-only | ₹430 Cr | −3.77% |
| Enigma Small Opportunities Fund | Enigma Investment Partners | Long-only | ₹410 Cr | +31.41% |
| Emerging Leaders of Tomorrow - 2 | Alchemy Capital Management | Long-only | ₹367 Cr | +32.78% |
| Capital Equity Fund | White Oak Capital Management Consultants | Long-only | ₹338 Cr | +25.04% |
| Equity Growth Opportunities Fund - Series II | PGIM India | Long-only | ₹334 Cr | +4.14% |
| Emerging Business Fund | InCred Asset Management | Long-only | ₹322 Cr | −1.91% |
| Narnolia India Opportunity Fund | Narnolia Velox Advisory | Long-only | ₹295 Cr | −2.18% |
| Flexicap Growth Opportunities Fund | Eternalis Capital Trust | Long-only | ₹288 Cr | — |
| Nexus Equity Growth Fund SCH 1 | Nexus Equity Growth Fund | Long-only | ₹270 Cr | +19.36% |
| India Next Fund III | Renaissance Investment Managers | Long-only | ₹266 Cr | −0.65% |
| Alpha Fund | Samvitti Capital | Long-short | ₹205 Cr | +12.69% |
| Hem Growth Opportunities Fund | Hem Wealth Managers | Long-only | ₹204 Cr | — |
| Flexicap Equity Fund | Nuvama Asset Management | Long-only | ₹199 Cr | +18.08% |
| India Equity Opportunities Fund | Aditya Birla Sun Life AMC | Long-only | ₹179 Cr | −1.13% |
| Healthcare Opportunities Fund | White Oak Capital Management Consultants | Long-only | ₹174 Cr | +16.11% |
| Shepherd's Hill Private Investment Fund | Shepherd's Hill Financial Advisors | Long-only | ₹172 Cr | +1.34% |
| Long Term Opportunities Fund II | Nepean Capital | Long-only | ₹168 Cr | +28.28% |
| Revolution Fund 1 | Steptrade Capital | Long-only | ₹167 Cr | −2.02% |
| Consumer Trends Fund | Edelweiss Financial services | Long-short | ₹148 Cr | −0.99% |
| K - Three Alternative Investment Trust-Fund I | K-Three Alternative Investment Trust | Long-short (aggressive) | ₹140 Cr | +15.79% |
| D and B India Opportunities Multi-cap Fund | Dalal and Broacha Stock Brocking | Long-only | ₹128 Cr | +1.66% |
| Winvest AIF | Weekendinvesting Analytics | Long-only | ₹119 Cr | — |
| MNCL Capital Compounder Fund - I | Monarch Networth Capital | Long-only | ₹106 Cr | +4.50% |
| All-Weather Equity Opportunities Fund Series I | Itus Capital Advisors | Long-only | ₹105 Cr | — |
| Rational Equity Flagship Fund I | Rational Equity Trust | Long-only | ₹100 Cr | +6.16% |
| Samarth Emerging Fund | Samarth Equities Portfolio Managers | Long-short | ₹100 Cr | −18.98% |
| Emerging Opportunities Fund-I | CCV Investment Managers | Long-only | ₹87.73 Cr | +4.27% |
| The Golden Bird Investment Trust 1 | The Golden Bird Investment Trust | Long-only | ₹86.05 Cr | +12.55% |
| Profusion All Weather Fund | Profusion Investment Trust | Long-short | ₹73.59 Cr | +15.30% |
| India Emerging Business Investment Fund | Pi Square Quant Advisory | Long-only | ₹68.45 Cr | — |
| Flexi Cap Fund | Grey Sky Capital | Long-short | ₹60.60 Cr | — |
| Mili Emerging Equities Fund | Mili Capital Management | Long-only | ₹57.14 Cr | +28.61% |
| Brighter Mind Inevitable Fortune Fund | Brighter Mind Asset Management | Long-only | ₹56.43 Cr | +6.45% |
| G2G Flexicap Fund | Edelweiss Financial services | Long-only | ₹53.47 Cr | — |
| Alternative Equity Scheme | Edelweiss Financial services | Long-short | ₹51.42 Cr | −5.50% |
| Neomile India Opportunity Fund | Neomile Asset Managers | Long-only | ₹50 Cr | — |
| PESB Alpha Fund | PESB Asset Management | Long-short | ₹50 Cr | — |
| MoneyGrow Alpha Fund 1 | Money Grow Asset | Long-only | ₹43 Cr | +6.94% |
| Newgen India Fund - I | Axis Asset Management Company | Long-only | ₹42.21 Cr | +17.86% |
| Rational Equity Scheme - 2 | Rational Equity Trust | Long-only | ₹40 Cr | +11.31% |
| India Infinite | Green Portfolio | Long-only | ₹39.64 Cr | — |
| Select Sector Fund | Aditya Birla Sun Life AMC | Long-only | ₹30.74 Cr | — |
| Klay Growth Fund | Klay Securities | Long-short | ₹27.02 Cr | +0.54% |
| Bonanza Opportunity Fund | Bonanza Portfolio | Long-short | ₹26.12 Cr | +4.95% |
| India Special Opportunities Fund Series II | Aditya Birla Sun Life AMC | Long-only | ₹14.06 Cr | — |
| Growth Fund | Oculus Capital Alternative Investment Fund | Long-only | ₹1.34 Cr | +7.22% |
| AAA GEMS Fund | AlfAccurate Advisors | Long-only | — | — |
| ACE Fund | Prudent Equity | Long-only | — | +2.10% |
| Aionios Alpha Fund I | Aionios Alpha Investment Management | Long-only | — | +13.15% |
| Ajanta India Fund I | Ajanta Advisors | Long-only | — | +3.77% |
| AlphaGenNext Fund | Accuracap | Long-only | — | +0.50% |
| AlphaGrep Index Plus Fund | AlphaGrep Investment Management | Long-short | — | −6.89% |
| AlphaMine Absolute Return Fund | AlphaGrep Investment Management | Long-short (conservative) | — | +9.94% |
| Alternate Investment Trust | Mastergrowth 369 Asset Managers | Long-only | — | +18.16% |
| Amrit Kaal Opportunities Fund | Stellar Asset Management Fund | Long-only | — | +12.96% |
| Ashika India Select Fund | Ashika Investment Managers | Long-only | — | +15.33% |
| Ashmore India Equity Fund | Ashmore Investment Management India | Long-only | — | +5.33% |
| ASK Absolute Return Fund | ASK Long Short Fund Managers | Long-short (conservative) | — | +7.64% |
| Asymmetric India Fund | Asymmetric Asset Managers | Long-only | — | — |
| Athena Absolute Return Fund | Prajana Advisors | Long-short | — | +0.18% |
| Athena Enhanced Equity Fund | Prajana Advisors | Long-only | — | −4.99% |
| Azurean India Equity Fund 1 | Azurean Investment Managers | Long-only | — | −4.47% |
| Bcad | Unifi Capital | Long-only | — | +7.12% |
| Bharat Amritkaal Fund | Carnelian Asset Management and Advisors | Long-only | — | +5.27% |
| Bharat Amritkaal Fund-2 | Carnelian Asset Management and Advisors | Long-only | — | +3.47% |
| BlueOcean Emerging India Fund 1 | BlueOcean Asset Management | Long-only | — | — |
| Breakout Fund 1 | Generational Capital Breakout Trust | Long-only | — | −7.42% |
| Capital Builder Fund | Emkay Investment Managers | Long-only | — | +6.90% |
| Capital Compounder Fund - 1 | Carnelian Asset Management and Advisors | Long-only | — | +14.94% |
| Chandrahas Moat Opportunities | Craving Alpha Wealth Fund | Long-short | — | −1.87% |
| Dhamma Investment Fund | Dhamma Investment Advisors | Long-only | — | +79.25% |
| DSP Bharat Nirman Fund | DSP Asset Managers | Long-only | — | +7.68% |
| DSP India Enhanced Equity SatCore Fund | DSP Asset Managers | Long-short | — | −1.76% |
| Emkay Emerging Stars Fund Series VI | Emkay Investment Managers | Long-only | — | +38.30% |
| Equity Growth Opportunities Fund Series I | PGIM India | Long-only | — | −4.13% |
| Equity Opportunity Fund | 360 ONE Asset Management | Long-only | — | +4.73% |
| Equity Opportunity Fund- Series 2 | 360 ONE Asset Management | Long-only | — | +7.02% |
| Finideas Growth Fund Scheme-1 | Finideas Growth Fund | Long-only | — | −14.02% |
| First Water Capital Fund | First Water Capital Advisors | Long-only | — | +3.40% |
| First Water Capital Fund -2 | First Water Capital Advisors | Long-only | — | +11.57% |
| Geojit Yield Plus Fund | Geojit Financial Services | Long-short (conservative) | — | +15.40% |
| Golden Equity Fund Series I | Shatrunjaya Investment Managers | Long-only | — | +24.94% |
| Grobiz SME Opportunity Fund | Amcha Partners AIF Trust | Long-only | — | +21.04% |
| Hedged Equity Multi Factor Strategy | Motilal Oswal Asset Management Company | Long-only | — | −1.72% |
| High Conviction Fund Series 1 | 360 ONE Asset Management | Long-only | — | −5.50% |
| High Growth Companies Fund | 360 ONE Asset Management | Long-only | — | −8.57% |
| Hill Fort Equity Fund | Hill Fort Investment Managers India | Long-only | — | −5.38% |
| I Wealth Fund | I Wealth Management | Long-only | — | +9.15% |
| IIFL Capital Absolute Return Fund( previously known as IIFL Derivatives Advantage Fund) | IIFL Capital Asset Management | Long-short (conservative) | — | +13.12% |
| India Alpha Fund | Swyom Advisors | Long-short | — | +17.25% |
| India Long Short Fund | Helios Capital Asset Mgnt India | Long-short (aggressive) | — | +1.38% |
| India Opportunities Fund | Sohum Asset Managers | Long-only | — | +1.99% |
| India Rising Fund II | Helios Capital Asset Mgnt India | Long-only | — | +1.23% |
| Inquant Debt Plus | Inquant Systematic Investment Managers | Long-short (conservative) | — | +10.86% |
| Long Short Equity Fund | The Investment Trust of India | Long-short | — | −7.56% |
| Multi Strategy Absolute Return Scheme | Alpha Alternatives Fund Advisors | Long-short (conservative) | — | +9.04% |
| NIEO 5 - The 5 Trillion Dollar Opportunity | Nippon Life India AIF Management | Long-only | — | +1.30% |
| NIEO 6 - Champions 21st Century | Nippon Life India AIF Management | Long-only | — | −1.89% |
| NIEO 7 - Reimagine India Opportunity | Nippon Life India AIF Management | Long-only | — | +3.94% |
| NIEO 8 - Unlimited India | Nippon Life India AIF Management | Long-only | — | −2.08% |
| NIEO 9 - Undiscovered India | Nippon Life India AIF Management | Long-only | — | +9.00% |
| Nieo10 - R.I.S.E | Nippon Life India AIF Management | Long-only | — | +3.41% |
| NIEO11 - Empowered India | Nippon Life India AIF Management | Long-only | — | +3.20% |
| Opportunities Scheme | Guardian Capital Partners | Long-only | — | −0.60% |
| Opportunities Series - Atlas | Sundaram Alternate Assets | Long-only | — | +25.07% |
| Opportunities Strategy I | Buoyant Capital | Long-only | — | +10.41% |
| Optimal Equity | SBI Funds Management | Long-short (aggressive) | — | +29.40% |
| OysterRock Capital Fund 2 | OysterRock Capital | Long-only | — | +7.10% |
| Pegasus Growth Fund I | Pegasus Trust AIF | Long-only | — | +34.28% |
| Pluswealth Assets LLP | Pluswealth Capital Management | Long-short (conservative) | — | +7.54% |
| Pricing Prowess Fund | Ambit Investment Advisors | Long-only | — | −0.01% |
| Quant IPO Opportunity Strategy | Shaan Patel Asset Management | Long-only | — | — |
| Quant Long Short Fund | Astratinvest Financial Advisors | Long-short | — | +14.73% |
| Sanhit India Momentum Fund | Sanhit Investment Trust | Long-only | — | +9.75% |
| SBI Emergent | SBI Funds Management | Long-only | — | +48.40% |
| Senora Stag Series 1 | Senora Asset Management Co | Long-only | — | −7.28% |
| Shaan Patel Flexi Cap Strategy | Shaan Patel Asset Management | Long-only | — | +16.69% |
| Singularity Equity Fund I | Singularity AMC | Long-only | — | +11.13% |
| SKG India Small and Midcap Fund | SKG Investments Trust | Long-only | — | +30.22% |
| Smart Alpha Sector Rotation | Quest Investment Managers | Long-only | — | −9.26% |
| Smart Alpha Sector Rotation Series II | Quest Investment Managers | Long-only | — | +6.63% |
| Smart Horizon Opportunity Fund | Smart Horizon Alternative Investment Trust | Long-only | — | +37.70% |
| Stock Convertible Scheme | Prajana Advisors | Long-short (conservative) | — | +0.18% |
| Structural Shift Fund | Carnelian Asset Management and Advisors | Long-only | — | +22.96% |
| Treasury Plus Fund | Neo Alternative Asset Managers | Long-short (conservative) | — | +12.37% |
| Turnaround Opportunities Fund | 360 ONE Asset Management | Long-only | — | +4.67% |
| Two X Capital Exponential Opportunities Fund | Two X Capital Investment Trust | Long-only | — | — |
| Umbrella Blend Fund 2 | Unifi Capital | Long-only | — | +6.12% |
| Value wise Undiscovered Fund | ValueWise Investment Managers | Long-only | — | +10.58% |
| ValueQuest India Inflexion Fund | Valuequest Investment Advisors | Long-only | — | +50.23% |
| Vectra Fund | Accuracap | Long-only | — | +18.20% |
| VQ FasterCAP Fund | Valuequest Investment Advisors | Long-only | — | +8.86% |
| VQ FasterCAP Fund 2 | Valuequest Investment Advisors | Long-only | — | +30.95% |
| Whitespace Fund 3 - Hybrid Plus | Whitespace Alpha | Long-short | — | +5.71% |
| Whitespace Fund I - Equity Plus | Whitespace Alpha | Long-short (conservative) | — | −4.01% |
| Whitespace Fund II - Debt Plus | Whitespace Alpha | Debt | — | +9.34% |
| Yes Alpha Plus Fund | YES Securities India | Long-short (conservative) | — | +9.04% |
| YES Wealth Maximiser | YES Securities India | Long-only | — | −1.06% |
Returns as each fund house reports them, gross or net of fees; the scheme page says which. Compare like with like. “—” means it wasn’t reported.
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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