- Category
- III
- Strategy
- Long-only
- Fund house
- Axis Asset Management Company
Newgen India Fund - I
+22.90%
1-year return, after expenses, before tax
Benchmark NIFTY 500 & Debt Composite Index · data as of 31 Aug 2026
Newgen India Fund - I, a Category III long-only AIF from Axis Asset Management Company, returned 22.90% (after expenses, before tax) in the year to 31 Aug 2026. It began on 14 Oct 2022 and manages ₹43.35 crore.
Key numbers
- AUM
- ₹43.35 Cr
- Benchmark
- NIFTY 500 & Debt Composite Index
- Launched
- 14 Oct 2022
- Min. investment
- ₹1 crore
- Returns basis
- After expenses, before tax
Returns
| Period | This fund | NIFTY 500 & Debt Composite Index |
|---|---|---|
| 1 month | +5.40% | −0.78% |
| 3 months | +17.77% | +2.68% |
| 6 months | +27.45% | −1.35% |
| 1 year | +22.90% | +2.56% |
| 2 years | +5.22% | −1.50% |
| 3 years | +20.47% | +15.94% |
| Since inception | +15.67% | +11.15% |
After expenses, before tax, as Axis Asset Management Company 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
- NIFTY 500 & Debt Composite Index
- Fund manager
- Hitesh Zaveri
Investment approach
A diversified portfolio which identifies investment opportunities across sectors and across market caps A low churn portfolio, the objective is to identify a stock and ride it over the complete market cycle The portfolio will have a Quality bias and a combination of Qualitative and Quantitative factors will be considered for identifying investment opportunities
A diversified portfolio which identifies investment opportunities across sectors and across market caps A low churn portfolio, the objective is to identify a stock and ride it over the complete market cycle The portfolio will have a Quality bias and a combination of Qualitative and Quantitative factors will be considered for identifying investment opportunities
About the fund manager
Mr. Hitesh Zaveri — Fund Manager - PMS
Hitesh joined Axis AMC in 2022 as SVP & Head – Listed Equity Alternatives. He is responsible for managing the Axis PMS portfolios along with relevant CAT-3 AIF strategies. Hitesh has over 25 years of experience in portfolio management, investment banking and equity research. Prior to joining Axis AMC, he served as Head of Investments in the PMS business at Aditya Birla Mutual Fund. Hitesh has also worked with Enam Asset Management as Executive Director & Portfolio Manager and Edelweiss Capital as Senior VP & Co-Head of Institutional Research. He has managed large equity funds, authored research reports and executed a number of transactions in M&A, IPO and IB assignments that involved Restructuring and Delisting in his past roles. Hitesh has contributed his research to a book co-authored by two Harvard Business School Professors - ‘Wall Street Research – Past Present & Future’, co-authored by Prof. Boris Groysberg and Prof. Paul Healy, published by Stanford Press. Qualification:- MBA from Mumbai University, Hitesh has also completed Advanced Management Program, Investment Management Program, and General Management Program from the Harvard Business School and Executive Development Program from The Wharton School. Also, he is an alumnus of Harvard Business School and an Advisor to the Board of HBS Club of India.
As the fund house describes it.
FAQs
What has Newgen India Fund - I returned?
22.90% (1-year return) to 31 Aug 2026, after expenses, before tax, as Axis Asset Management Company reports it. 1 month: 5.40%; 3 months: 17.77%; 6 months: 27.45%; 1 year: 22.90%; 2 years: 5.22%; 3 years: 20.47%; Since inception: 15.67%.
What kind of AIF is Newgen India Fund - 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 Newgen India Fund - I manage?
₹43.35 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). Newgen India Fund - I’s stated minimum is ₹1 crore.
Who manages Newgen India Fund - I?
Axis Asset Management Company runs it; the fund manager is Hitesh Zaveri.
How are AIF returns reported?
Each fund house reports its own returns on its own basis: Newgen India Fund - I’s are after expenses, before 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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