- Category
- III
- Strategy
- Long-only
- Fund house
- Aditya Birla Sun Life AMC
India Equity Services Fund
−8.82%
1-year return, after expenses and tax
Benchmark NIFTY Services Sector · data as of 30 Sep 2026
India Equity Services Fund, a Category III long-only AIF from Aditya Birla Sun Life AMC, returned −8.82% (after expenses and tax) in the year to 30 Sep 2026. It began on 31 Oct 2022 and manages ₹693 crore.
Key numbers
- AUM
- ₹693 Cr
- Benchmark
- NIFTY Services Sector
- Launched
- 31 Oct 2022
- Min. investment
- ₹1 crore
- Returns basis
- After expenses and tax
Returns
| Period | This fund | NIFTY Services Sector |
|---|---|---|
| 1 month | −5.91% | −5.89% |
| 3 months | −4.52% | −4.70% |
| 6 months | +8.35% | +5.23% |
| 1 year | −8.82% | −7.54% |
| 2 years | −9.43% | −6.99% |
| 3 years | +3.59% | +6.02% |
| Since inception | +5.51% | +7.15% |
After expenses and tax, as Aditya Birla Sun Life AMC 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 Services Sector
- Fund manager
- Amit Kansal, Vikas Agrawal
Market-cap mix
- Large cap48.07%
- Mid cap31.68%
- Small cap16.48%
- Cash3.77%
The five largest holdings are 33.14% of the portfolio.
Investment approach
"The objective and purpose of the Fund is to carry on the activity of an open-ended Category III AIF and for this purpose to arrange, make,manage and dispose of investments with the view to providing returns to the Contributors in accordance with Applicable Laws and the Trust Documents. The Fund seeks to maximize long term risk-adjusted returns from a portfolio that is substantially constituted of equity securities and equity related securities of issuers domiciled in India. The concentrated portfolio focuses on significant alpha creation through investment in high quality businesses with consistent growth and returns profile. The emphasis is on strong research orientation in stock selection in industries with strong operating dynamics and with "
"An open ended multi-cap AIF focusing on High Conviction opportunities coming out of Top Trends in Global & Localmarkets. The strategy aims to invest predominately in 4 future drivers / themes; Manufacturing, Digitalization,Sustainability & Cyclical Revival in Real Estate"
About the fund manager
Mr Vikas Agrawal — Fund Manager
Vikas Agrawal is the Fund Manager for Special Mandates at ABSL AMC, with 21 years of overall experience, including 14 years in debt fund management. He holds a PGDBM in Finance & Marketing and a B.Com in Banking & Finance. Prior to his current role, he served as Director at JM Financial Products Ltd (2021-2024) and Fund Manager at JM Financial Mutual Fund (2011-2021). He has also worked at SPA Securities Ltd and Centrum Capital Ltd in fixed income roles. Vikas’ expertise spans managing fixed income portfolios across short-term and long-term mandates. He has been with ABSL AMC for 8 months and is expected to manage portfolio and interest rates starting in August 2024. There may also be a new fund manager hired for the CMPFO portfolio once awarded.
Mr Amit Kansal — Fund Manager
With over 22 years of professional experience, including approximately 14 years at Aditya Birla Capital, as well as roles at ICICI Bank, Ernst & Young, and other organizations, Mr. Amit Kansal has built a broad and deep expertise in finance and investment. He conceptualized and led the joint venture between Aditya Birla Capital and Värde Partners, a US-based credit fund. At Aditya Birla Finance, he headed the Project & Structured Finance vertical for the North and East regions, delivering project-linked lending, structured debt, and corporate finance solutions to large and mid-market corporates. His experience spans the full investment spectrum, from low-yield instruments to high-yield special situation transactions. He is an alumnus of Shri Ram College of Commerce and a rank-holding Chartered Accountant.
As the fund house describes it.
FAQs
What has India Equity Services Fund returned?
−8.82% (1-year return) to 30 Sep 2026, after expenses and tax, as Aditya Birla Sun Life AMC reports it. 1 month: −5.91%; 3 months: −4.52%; 6 months: 8.35%; 1 year: −8.82%; 2 years: −9.43%; 3 years: 3.59%; Since inception: 5.51%.
What kind of AIF is India Equity Services 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 India Equity Services Fund manage?
₹693 crore as of 30 Sep 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). India Equity Services Fund’s stated minimum is ₹1 crore.
Who manages India Equity Services Fund?
Aditya Birla Sun Life AMC runs it; the fund managers are Amit Kansal, Vikas Agrawal.
How are AIF returns reported?
Each fund house reports its own returns on its own basis: India Equity Services 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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