News From Press Category-III alternative investment funds beat Nifty returns in February

Category-III alternative investment funds beat Nifty returns in February

Long-only funds provided average returns of 8 per cent, while long-short funds returned 0.3 per cent, data from PMS Bazaar showed

Business Standard Apr 2, 2021

Category-III alternative investment funds (AIFs) beat Nifty returns of -0.4 per cent in February. Long-only funds provided average returns of 8 per cent, while long-short funds returned 0.3 per cent, data from PMS Bazaar showed. Only two of the 34 funds ended in the red. The top performer was Roha Emerging Companies Fund (17.5 per cent), followed by Abakkus Asset Manager’s Growth Fund 1 (14 per cent), and Nippon India’s Big Switch Scheme 1 (13.9 per cent).

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