Multi Strategy Absolute Return Scheme

Returns

After expenses, before performance fee and tax, as Alpha Alternatives Fund Advisors reports them, to 31 Aug 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

NIFTY 50 TRI

Fund manager

Mudit Singhania & Prashant Mohanraj & Deepak Sood

Investment approach

MSAR (Multi Strategies Absolute Return) employs a multi-strategy approach, allocating 60-70% to low-risk and the remainder to medium-risk strategies. It blends Equity Absolute Return (EQAR), Commodity Absolute Return (CAR), Fixed Income, and more, targeting monthly positive returns with liquidity. Ideal for short-term liquidity and treasury management, it is offered as a Category III AIF for Indian investors

MSAR (Multi Strategies Absolute Return) employs a multi-strategy approach, allocating 60-70% to low-risk and the remainder to medium-risk strategies. It blends Equity Absolute Return (EQAR), Commodity Absolute Return (CAR), Fixed Income, and more, targeting monthly positive returns with liquidity. Ideal for short-term liquidity and treasury management, it is offered as a Category III AIF for Indian investors

About the fund manager

Mr. Mudit Singhania — Fund Manager

Mudit leads the Commodities business at Alpha, bringing nearly two decades of expertise in the commodities industry. A recognized person in the industry, Mudit has been instrumental in positioning commodities as a viable alternative asset class in India. His entrepreneurial vision led to the creation of India’s largest advisory platform for commodity investments and the launch of the country’s first commodity-focused Category III Alternative Investment Fund. Prior to Alpha, Mudit played a pivotal role at Edelweiss, where he successfully built and scaled the agri-commodities business, contributing significantly to its growth and success. Beyond his professional achievements, Mudit is a fitness enthusiast and holds a Bachelor of Management Studies degree from the University of Mumbai.

Mr. Prashant Mohanraj — Fund Manager

Prashant leads the Liquid Alternatives Group and oversees the Equities Trading business at Alpha. With 24 years of extensive experience in fund management and trading across Indian and global financial markets, Prashant is known for his disciplined approach to trading and risk management. Over the years, he has consistently delivered superior risk-adjusted returns through various market cycles. A proven leader and business builder, he has successfully established ventures in asset management, automated trading, physical bullion, and structured products. His prior roles include senior positions at UBS, Kotak, Edelweiss, and Quant. Prashant enjoys travel, food and books. He is an avid fan of Sachin, Rohit, Fedex and Messi and is a keen enthusiast of the music of Morrison, Page, Plant, Bono and Cobain, among others. Prashant holds a PGDM from IIM Ahmedabad and a BE in Electronics from VJTI, Mumbai University.

Mr. Deepak Sood — Fund Manager

Deepak leads Fixed Income investing at Alpha. He has over 25 years of expertise in trading and portfolio management across local and regional fixed income markets. His expertise encompasses active investment strategies across global and domestic macro markets, investment-grade and high-yield corporate debt, and currency management. Deepak's career highlights include leading Barclays Bank's Macro and Credit Trading business across India and Singapore, where he held a pivotal role in shaping the firm’s market strategy in interest rates and credit markets. As a senior sell-side professional, he managed proprietary trading and flow desks, driving the promotion of Indian fixed income products to global institutional investors and executing significant structured credit transactions. Additionally, as part of Barclays' Debt Capital Markets (DCM) initiatives, he led multiple fund-raising mandates. Prior to this, at Axis Bank, he led the Fixed Income – Rates and Treasury desk, managing active multi-asset portfolios delivering strong risk-adjusted returns. Outside of his professional pursuits, Deepak is a passionate auto enthusiast. Deepak holds a Post-Graduate Diploma in Business Management from IMS Delhi and a degree in Commerce from Delhi University.

As the fund house describes it.