Of the 13 long only AIFs listed by PMS Bazaar, funds of IIFL AMC and Nippon Life AMC have delivered CAGR of over 18% in the last one year.
PMS Bazaar has featured 2 schemes of IIFL AMC and 4 schemes of Nippon Life AMC in the list of long only funds.
Among other long only funds were Proalpha Capital, Ampersand Capital, TCG, Carnelian Asset and Vishuddha Capital.
Alchemy Capital’s strategy- Leaders of Tomorrow (ALOT) was the only long only fund featured in the list that gave negative returns in the last one year.
Long-only funds invest in businesses with potential for growth. The strategy is also quite popular among mutual funds. However, unlike MFs, AIFs have no restrictions in terms of market capitalisation or investment concentration. This allows fund managers to take bolder bets than mutual funds. The logic is equities being a risky asset class, high-risk can deliver high return. However, there is no guarantee on when the return will be realised. Another factor in favour of this category is that equities over a long time tend to move up, so it is challenging to make money by short selling.
Currently, long-only AIFs are more popular as a bulk of the registered funds in Category III are long-only entities.
Here are the category III long-only funds:
|
AMC |
Category |
Strategy |
1-year return |
Inception date |
|
IIFL Asset Management |
Closed ended |
High Growth |
18.31% |
Nov-18 |
|
Nippon India |
Closed ended |
Financial Services Scheme-2 |
18.30% |
Jan-18 |
|
Nippon India |
Closed ended |
India Millennial Scheme-3 |
17.30% |
Jan-18 |
|
Proalpha Capital |
Open ended |
QG Dynamic Equity Fund (QGD) |
11.20% |
Jan-14 |
|
Nippon India |
Closed ended |
Next Billion Scheme-4 |
10.70% |
Jul-18 |
|
Ampersand Capital Trust |
Open ended |
Growth Opportunities Fund Scheme-1 |
10.30% |
Sep-17 |
|
Nippon India |
Closed ended |
The Big Switch Scheme-1 |
9.70% |
Aug-17 |
|
IIFL Asset Management |
Closed ended |
Multi Strategy |
5.48% |
Sep-18 |
|
TCG Advisory Services |
Open ended |
SMF Disruption Fund |
0.02% |
Jul-17 |
|
Alchemy Capital |
Open ended |
Leaders Of Tomorrow (ALOT) |
-7.30% |
Jan-18 |
|
Accuracap Technologies |
Open ended |
Alphagen Next |
3.7%(6 months) |
Dec-18 |
|
Carnelian Asset Management |
Closed ended |
Capital Compounder Fund-1 |
15.27%(6 months) |
May-19 |
|
Vishuddha Capital |
Closed ended |
India Value And Growth Fund-1 |
3.06(1 months) |
Sep-19 |