- Category
- III
- Strategy
- Long-only
- Fund house
- InCred Asset Management
Emerging Business Fund
+5.84%
1-year return, after expenses and tax
Benchmark BSE 500 TRI · data as of 31 Aug 2026
Emerging Business Fund, a Category III long-only AIF from InCred Asset Management, returned 5.84% (after expenses and tax) in the year to 31 Aug 2026. It began on 17 Mar 2022 and manages ₹465 crore.
Key numbers
- AUM
- ₹465 Cr
- Benchmark
- BSE 500 TRI
- Launched
- 17 Mar 2022
- Min. investment
- ₹1 crore
- Returns basis
- After expenses and tax
Returns
| Period | This fund | BSE 500 TRI |
|---|---|---|
| 1 month | +1.87% | −0.09% |
| 3 months | +13.98% | +3.86% |
| 6 months | +13.60% | +1.43% |
| 1 year | +5.84% | +4.72% |
| 2 years | −1.09% | −0.11% |
| 3 years | +11.11% | +12.09% |
| Since inception | +14.85% | +12.35% |
After expenses and tax, as InCred Asset Management reports them, to 31 Aug 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
- Equity
- Benchmark
- BSE 500 TRI
- Fund manager
- Aditya Khemka
Investment approach
A focused equity portfolio of 25 stocks that endeavours to generate long term capital appreciation by investing across market capitalization. The portfolio predominantly invests in sectors benefitting from capex and manufacturing expansion
It is our endeavour to invest in Great businesses at a fair value, as they are rarely cheap and they compound in the long run. Additionally, we seek to buy good businesses at a discount, which we define as 1/3 of the intrinsic value and we want to avoid investing in bad businesses that do not fit our investment framework. Our framework is divided into 10 quantitative and qualitative parameters.
About the fund manager
Mr. Aditya Sood — Fund Manager
Mr. Aditya Sood has 20 years of experience in equity management, with 18 of those years dedicated to fund management. He previously led the investment function at ICICI Prudential PMS, where he managed assets exceeding INR 4,000 crore (US$ 0.6 billion). During his tenure, he also spearheaded the Small and Midcap research division at ICICI Prudential.
As the fund house describes it.
FAQs
What has Emerging Business Fund returned?
5.84% (1-year return) to 31 Aug 2026, after expenses and tax, as InCred Asset Management reports it. 1 month: 1.87%; 3 months: 13.98%; 6 months: 13.60%; 1 year: 5.84%; 2 years: −1.09%; 3 years: 11.11%; Since inception: 14.85%.
What kind of AIF is Emerging Business 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.
How much does Emerging Business Fund manage?
₹465 crore as of 31 Aug 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). Emerging Business Fund’s stated minimum is ₹1 crore.
Who manages Emerging Business Fund?
InCred Asset Management runs it; the fund manager is Aditya Khemka.
How are AIF returns reported?
Each fund house reports its own returns on its own basis: Emerging Business 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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