Edelweiss AMC’s long short fund ‘Alternative Equity Scheme’ has delivered the highest one year CAGR of 18%, shows the latest performance data published by PMS Bazaar.
Of the 12 funds that follow long-short strategy i.e. combination of both cash and derivatives, PMS Bazaar has listed out performance of six AIFs. Interestingly, of the six AIFs on PMS Bazaar, five long short funds are offered by AMCs having mutual fund business – Edelweiss, IDFC and Tata.
Varanium Capital Advisors ranked second in the list with 7.50% one year return. The other two products that gave above 5% return were Edelweiss AMC’s Alpha Fund Scheme and IDFC AMC’s IEH Conservative Fund.
Here are category III long short funds:
|
AMC |
Category |
Strategy |
1-year return |
Inception date |
|
Edelweiss Asset Management |
Open ended |
Alternative Equity Scheme |
18% |
Aug-14 |
|
Varanium Capital Advisors |
Open ended |
Dynamic Fund |
7.50% |
Nov-16 |
|
Edelweiss Asset Management |
Open ended |
Alpha Fund Scheme |
7.11% |
Jun-13 |
|
IDFC |
Open ended |
IEH Conservative Fund |
5.71% |
Jan-18 |
|
IDFC |
Open ended |
IEH Tactical Fund |
3.32% (6 months) |
Mar-19 |
|
TATA |
Open ended |
Absolute Return |
12.36% (6 months) |
Apr-19 |