Edelweiss AMC’s long short fund ‘Alternative Equity Scheme’ has delivered the highest one year CAGR of 28%, 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 seven AIFs. Interestingly, of the seven AIFs on PMS Bazaar, six long short funds are offered by AMCs having mutual fund business – Edelweiss, IDFC, ITI and Tata.
ITI Long Short Equity Fund ranked second in the list with 9% one year return. The other two products that gave above 8% return were Varanium Capital Dynamic Fund and IDFC AMC’s IEH Conservative Fund.
Currently, there are about 117 funds under Category III AIFs. Of these, 12 funds are long short funds.
Here are category III long short funds:
|
Players |
Strategy |
6-month |
1-year |
2-year |
3-year |
5-year |
|
Edelweiss Asset Management |
Alternative Equity Scheme |
21.16 |
27.95 |
8.21 |
14 |
11.43 |
|
ITI MF |
ITI Long Short Equity Fund |
9.14 |
8.58 |
- |
- |
-. |
|
IDFC MF |
IEH Conservative Fund |
5.13 |
8.5 |
- |
- |
-. |
|
Varanium Capital Advisors |
Dynamic Fund |
3.2 |
8.4 |
8.3 |
13.2 |
-. |
|
Edelweiss Asset Management |
Alpha Fund Scheme |
3.79 |
6.69 |
7.45 |
9.6 |
10.85 |
|
Tata MF |
Absolute Return |
4.8 |
- |
- |
- |
- |
|
IDFC MF |
IEH Tactical Fund |
2.57 |
- |
- |
- |
- |