Niveshaay Hedgehogs Fund

Returns

After expenses and tax, as Niveshaay Investment 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-only

Market-cap style

Small and mid cap

Asset type

—

Benchmark

NIFTY Smallcap 250

Fund manager

Arvind Kothari

Market-cap mix

• Small cap100.00%

Investment approach

The theme of the Niveshaay Hedgehogs Fund revolves around research-based, executor-driven investing in high-growth, micro, small, and mid-cap companies. The fund focuses on identifying emerging sectors and niche market opportunities that offer lower volatility and strong growth potential, prioritizing entrepreneurial talent, capital allocation skills, and execution capabilities. The strategy emphasizes investing in companies with clear earnings visibility and the potential to scale rapidly, while maintaining flexibility to adapt to market cycles and emerging trends. The fund also seeks to capitalize on supply-side dominance, overlooked opportunities, and sectors with limited competition to generate long-term wealth creation.

The objective and investment strategy of the Fund shall be to carry on the activity as permitted under the Regulations, for the purpose of raising capital for making investments, with a view to achieving long term capital appreciation, to the general benefit of the Investors in accordance with Applicable Laws and the Fund Documents.Subject to Applicable Laws, the Fund intends to invest in listed and unlisted securities and equity related securities as permitted under the Regulations.

About the fund manager

Mr Arvind Kothari — Founder and Fund manager

Arvind Kothari is the Founder of Niveshaay Investment Advisors, a SEBI Registered Investment Advisory Firm he established in 2017.Prior to this, he worked at ICICI Bank, where he conducted comprehensive industry research on various sectors like solar, capital goods etc. Post this, with an intention to make wealth management and investing simple, he established Niveshaay Investment Advisors. Throughout more than a decade of experience, his approach remains unchanged: deeply understanding businesses, investing in promising entrepreneurs, conducting ongoing research, and maintaining continuous engagement with industry professionals and entrepreneurs. This commitment has enabled him to minimize bias across sectors and capitalize on emerging opportunities often overlooked by other investors, such as in renewables and electronics. He firmly believes in trusting entrepreneurs' judgments over scrutinizing quarterly performance, a principle ingrained in the culture of his firm.A firm believer in Indian entrepreneurial blossoming and the India growth story, Mr. Arvind wants to scout for such great managements, play a significant role in these companies by either providing growth capital or helping them by leveraging his entrepreneurial /investors network built over the years. Apart from this he also actively participates in webinars, talking about emerging industry trends and his investment strategies and also got featured in prominent publications like Economic Times, Business Standards, Money Control, Live Mint, among others.

As the fund house describes it.