Category: III
Strategy: Long-only
Fund house: Neomile Asset Managers

Neomile Growth Fund - Series I

+10.44%

1-year return, after expenses and tax

Benchmark BSE 500 TRI · data as of 30 Sep 2026

Neomile Growth Fund - Series I, a Category III long-only AIF from Neomile Asset Managers, returned 10.44% (after expenses and tax) in the year to 30 Sep 2026. It began on 9 Jun 2023 and manages ₹510 crore.

Key numbers

AUM: ₹510 Cr
Benchmark: BSE 500 TRI
Launched: 9 Jun 2023
Min. investment: ₹1 crore
Returns basis: After expenses and tax

Returns

Neomile Growth Fund - Series I returns against the BSE 500 TRI
Period	This fund	BSE 500 TRI
1 month	+4.23%	−5.60%
3 months	+5.57%	−3.88%
6 months	+39.55%	+7.40%
1 year	+10.44%	−3.22%
2 years	+5.16%	−4.91%
Since inception	+20.41%	+9.04%

After expenses and tax, as Neomile Asset Managers 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: BSE 500 TRI
Fund manager: Rashesh Shah

Market-cap mix

Large cap2.45%
Small cap80.82%
Cash16.73%

The five largest holdings are 44.28% of the portfolio.

Investment approach

The Fund aims to provide capital appreciation and generate returns by investing predominantly in listed equity and equity related securities across market capitalization by having exposure in companies enjoying some economic moat and/or undergoing special situations or in the midst of unfavourable business cycle. The Fund aims to invest/trade in listed domestic companies across all sectors that have potential for meaningful growth, and which have a certain sustainable competitive advantage

About the fund manager

Mr Rashesh Shah — Fund Manager

Rashesh Shah brings with him over 16 years of experience in Equity Research and Portfolio Management. Prior to joining Neomile, he has served as an Assistant Vice President at ICICI Securities Ltd. His roles included equity strategy, sector and market research with emphasis on long-term capital appreciation from investments in listed equities. He holds “Chartered Accountant” degree and is graduate from Mumbai University

As the fund house describes it.

FAQs

What has Neomile Growth Fund - Series I returned?

10.44% (1-year return) to 30 Sep 2026, after expenses and tax, as Neomile Asset Managers reports it. 1 month: 4.23%; 3 months: 5.57%; 6 months: 39.55%; 1 year: 10.44%; 2 years: 5.16%; Since inception: 20.41%.

What kind of AIF is Neomile Growth Fund - Series I?

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 Neomile Growth Fund - Series I manage?

₹510 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). Neomile Growth Fund - Series I’s stated minimum is ₹1 crore.

Who manages Neomile Growth Fund - Series I?

Neomile Asset Managers runs it; the fund manager is Rashesh Shah.

How are AIF returns reported?

Each fund house reports its own returns on its own basis: Neomile Growth Fund - Series I’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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