Alternative Investment Funds (AIF)

Explore our curated selection of Category III AIF strategies, managed by top fund managers and designed for superior risk-adjusted returns.

Ikigai Emerging Equity Fund

Pankaj Tibrewal • Mid & Small Cap • Open Ended
Launch: 19-Jun-24  | AUM: 2,807 Cr

The fund looks to invest in high quality businesses which can generate high ROCE and are run by honest promoters. The fund follows a broad investment approach of MBV (Management, Business & Valuation) wherein they look to generate a higher risk adjusted return.

Performance: 3M: --%, 6M: -2.3%, 1Y: -9.1%, 3Y: --%, Since Inception: -8.3%
Exit Load: 2% (up to 1 year), Nil (1 year onwards)
Top Holdings:
  • Styrenix Performance Materials (4.6%)
  • Ajanta Pharma Ltd (4.2%)
  • Alkyl Amines Chemicals Ltd (3.4%)
  • VST Tillers Tractors Ltd (3.4%)
  • Ipca Laboratories Ltd (2.9%)
Allocation: Listed: 100%  |  Unlisted: 0%

Motilal Oswal Mid to Mega Series III

Rakesh Tarway • Mid & Small Cap • Close Ended
Launch: 12-May-25  | AUM: 34.7 Cr

The fund targets companies positioned in the mid-cap range showcasing potential to transition in the mega-cap category. By focusing on stocks experiencing upward momentum, it aims to capitalize and capture value of their growth.

Performance: 3M: --%, 6M: --%, 1Y: --%, 3Y: --%, Since Inception: 2.7%
Exit Load: 3% (1st year), 2% (1-2 years), 1% (2-3 years), Nil (3+ years)
Top Holdings:
  • New Offering (NA%)
Allocation: Listed: 70%  |  Unlisted: 30%

Clarus Capital Fund

Soumendra Lahiri • Small Cap • Open Ended
Launch: 04-May-23  | AUM: 2,600+ Cr

The fund is focused on small and micro-cap companies, targeting high-growth segments. It follows a bottom-up investment approach driven by strong fundamentals, and maintains a well-diversified portfolio of 30–40 stocks.

Performance: 3M: 10.9%, 6M: 2.7%, 1Y: 14.0%, 3Y: --%, Since Inception: 27.7%
Exit Load: 2% (1st year), 1% (2nd year), Nil (thereafter)
Top Holdings:
  • 360 One Wealth & Asset Mgmt. (NP%)
  • Aadhar Housing (NP%)
  • Axis Bank (NP%)
  • Federal Bank (NP%)
  • HDFC Bank (NP%)
Allocation: Listed: 100%  |  Unlisted: 0%

PGIM India Equity Growth Opportunities Fund Series II

Aniruddha Naha • Micro & Small Cap • Close Ended
Launch: 19-Oct-24  | AUM: 180 Cr

The investment objective of fund is to invest in sectors that have a stronger ROE metrics than the benchmark index. This would enable the fund to capitalize on long term growth prospects & deliver superior risk adjusted returns.

Performance: 3M: 18.2%, 6M: -2.2%, 1Y: --%, 3Y: --%, Since Inception: -5.9%
Exit Load: 1% (up to 12-24 months), Nil (24+ months)
Top Holdings:
  • Awfis Space Solutions Limited (5.1%)
  • Ram Ratna Wires Limited (4.8%)
  • Syrma SGS Technology Limited (4.7%)
  • Aarti Pharmalabs Limited (4.6%)
  • VRL Logistics Limited (4.2%)
Allocation: Listed: 99%  |  Unlisted: 1%

Motilal Oswal Founders Fund

Abhishek Anand • Multi Cap • Open Ended
Launch: 12-Nov-24  | AUM: 357 Cr

The fund's primary focus is on choosing excellent firms led by skilled leadership. This ensures a compelling potential for success in the medium term. It aims to participate in sectors and themes favoured by strong economic tailwinds.

Performance: 3M: 13.8%, 6M: -4.8%, 1Y: --%, 3Y: --%, Since Inception: 2.5%
Exit Load: 1% (up to 1 year), Nil (after 1 year)
Top Holdings:
  • PTC Industries Limited (5.0%)
  • Eternal Limited (4.9%)
  • Onesource Specialty Pharma (4.9%)
  • Piramal Enterprises Limited (4.6%)
  • Radico Khaitan Ltd. (4.5%)
Allocation: Listed: 100%  |  Unlisted: 0%

Motilal Oswal Select Opportunities Series IV

Vaibhav Agrawal • Flexi Cap • Close Ended
Launch: 19-Apr-24  | AUM: 1,254 Cr

The fund strives to take advantage of possibilities given by strong market dynamics and favourable economic currents, with a primary focus on choosing excellent firms led by skilled leadership. The fund would be taking exposure in unlisted opportunities.

Performance: 3M: 10.4%, 6M: -6.0%, 1Y: 14.6%, 3Y: --%, Since Inception: 28.5%
Exit Load: 3% (36-48 months), 2% (48-60 months)
Top Holdings:
  • Jain Resource Recycling Ltd (8.0%)
  • Onesource Specialty Pharma Ltd (6.3%)
  • Zepto Ltd (3.8%)
  • Radico Khaitan Ltd. (3.6%)
  • PTC Industries Ltd (3.6%)
Allocation: Listed: 85%  |  Unlisted: 15%

Renaissance India Next Fund IV

Pankaj Murarka • Flexi Cap • Open Ended
Launch: 02-Dec-24  | AUM: 211 Cr

A concentrated portfolio that invests in companies across businesses which are at different states of their business lifecycles. Fund follows framework of Sustainable Quality Growth at Reasonable Price (SQGARP).

Performance: 3M: 11.1%, 6M: -0.7%, 1Y: --%, 3Y: --%, Since Inception: -3.4%
Exit Load: 1% (up to 2 years), Nil (2+ years)
Top Holdings:
  • HDFC Bank Ltd (8.4%)
  • ICICI Bank Ltd (5.3%)
  • Infosys Ltd (5.2%)
  • Tech Mahindra Ltd (4.7%)
  • Larsen & Toubro Ltd (4.3%)
Allocation: Listed: 100%  |  Unlisted: 0%

Motilal Oswal Hedged Equity Multifactor

Bijon Pani • Flexi Cap • Open Ended
Launch: 14-Feb-22  | AUM: 586 Cr

The investment objective of the Motilal Oswal Hedged Equity Multifactor Strategy is to invest in a basket of companies based on growth & Momentum using Factor-based investing with Hedge against Tail Risk events.

Performance: 3M: 6.3%, 6M: -5.9%, 1Y: -9.3%, 3Y: 21.1%, Since Inception: 14.6%
Exit Load: 2% (up to 1 year), Nil (1 year onwards)
Top Holdings:
  • Indus Towers Ltd (6.1%)
  • Muthoot Finance Limited (5.6%)
  • Lloyds Metals And Energy Limited (5.0%)
  • Interglobe Aviation Limited (4.5%)
  • Eicher Motors Ltd. (4.0%)
Allocation: Listed: 100%  |  Unlisted: 0%