- Category
- III
- Strategy
- Long-short (conservative)
- Fund house
- IIFL Capital Asset Management
IIFL Capital Absolute Return Fund( previously known as IIFL Derivatives Advantage Fund)
+13.12%
1-year return, gross of fees
data as of 30 Sep 2026
IIFL Capital Absolute Return Fund( previously known as IIFL Derivatives Advantage Fund), a Category III long-short (conservative) AIF from IIFL Capital Asset Management, returned 13.12% (gross of fees) in the year to 30 Sep 2026. It began on 3 May 2023.
Key numbers
- AUM
- —
- Benchmark
- —
- Launched
- 3 May 2023
- Min. investment
- ₹1 crore
- Returns basis
- Gross of fees
Returns
| Period | This fund |
|---|---|
| 1 month | +1.02% |
| 3 months | +2.93% |
| 6 months | +6.30% |
| 1 year | +13.12% |
| 2 years | +10.62% |
| 3 years | +12.22% |
| Since inception | +13.16% |
Gross of fees, as IIFL Capital Asset Management reports them, to 30 Sep 2026. AIFs report returns on different bases, so compare like with like. Benchmark returns weren’t reported.
Fund details
- Category
- Category III
- Strategy
- Long-short (conservative)
- Market-cap style
- —
- Asset type
- —
- Benchmark
- —
- Fund manager
- Manish Batwara
Investment approach
The investment objective of the fund is to generate consistent superior risk adjusted returns over common fixed income investments by employing diverse equity derivative market strategies with the objective of earning profits in various market swings and volatility
The investment objective of the fund is to generate consistent superior risk adjusted returns over common fixed income investments by employing diverse equity derivative market strategies with the objective of earning profits in various market swings and volatility
About the fund manager
Mr. Manish Batwara — Fund Manager
Mr. Manish Batwara brings over 20 years of experience in the financial services industry, with deep expertise in equity derivatives markets. He currently manages the IIFL Capital Absolute Return Fund (formerly known as the IIFL Derivative Advantage Fund), a Category III Alternative Investment Fund (AIF) focused on Indian derivatives markets. He holds a PGDBM from New Delhi Management Institute, is a Certified Financial Planner (CFP), and holds NISM Fund Manager certifications for PMS (XXI-B) and AIF (XIX-C). Over the course of his career, he has held key strategic roles, including Fund Manager in the equity derivatives segment and Chief Investment Advisor, where he managed Ultra HNI client portfolios across equities and derivatives. He has also served as Fund Manager for the YSL Alternates Alpha Plus Category III Fund, a derivatives-based strategy. Prior to this, he served as Derivative Desk Head at IIFL Capital Services Limited (formerly IIFL Securities Limited), where he led the derivatives desk, managed client investment strategies, and acted as a key point of contact for all internal and external derivatives-related matters
As the fund house describes it.
FAQs
What has IIFL Capital Absolute Return Fund( previously known as IIFL Derivatives Advantage Fund) returned?
13.12% (1-year return) to 30 Sep 2026, gross of fees, as IIFL Capital Asset Management reports it. 1 month: 1.02%; 3 months: 2.93%; 6 months: 6.30%; 1 year: 13.12%; 2 years: 10.62%; 3 years: 12.22%; Since inception: 13.16%.
What kind of AIF is IIFL Capital Absolute Return Fund( previously known as IIFL Derivatives Advantage Fund)?
A Category III AIF following a long-short (conservative) 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). IIFL Capital Absolute Return Fund( previously known as IIFL Derivatives Advantage Fund)’s stated minimum is ₹1 crore.
Who manages IIFL Capital Absolute Return Fund( previously known as IIFL Derivatives Advantage Fund)?
IIFL Capital Asset Management runs it; the fund manager is Manish Batwara.
How are AIF returns reported?
Each fund house reports its own returns on its own basis: IIFL Capital Absolute Return Fund( previously known as IIFL Derivatives Advantage Fund)’s are gross of fees. 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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