Edelweiss AMC’s long short fund ‘Alternative Equity Scheme’ has delivered the highest one year CAGR of 7.15%, shows the latest performance data 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.
The other products that gave above 5% return were Tata’s Absolute Return Scheme and ITI’s ITI Long short Equity Fund.
Varanium Capital Advisors ranked sixth in the list with 0.40% one year return.
Here are category III long short funds:
|
AMC |
Category |
Strategy |
1-year return |
Inception date |
|
Edelweiss Asset Management |
Open ended |
Alternative Equity Scheme |
7.15% |
Aug-14 |
|
Tata |
Open ended |
Absolute Return |
6.90% |
Apr-19 |
|
ITI |
Open ended |
ITI Long short Equity Fund |
6.21% |
Apr-18 |
|
Edelweiss Asset Management |
Open ended |
Alpha Fund Scheme 1 |
2.54% |
Jun-13 |
|
IDFC |
Open ended |
IEH Conservative Fundd |
1.66% |
Jan-18 |
|
Varanium Cap Advisors |
Open ended |
Dynamic Fund |
0.40% |
Nov-16 |
|
IDFC |
Open ended |
IEH Tactical Fund |
-14.31% |
Mar-19 |