Category 3 alternative investment funds (AIFs) gave flat returns in the month of January but beat Nifty returns of -2.5 per cent. Eighteen of the 33 funds managed to give positive returns.
Long-only funds gave average returns of -0.2 per cent for the month, while long-short funds returned 0.1 per cent, the data from PMS Bazaar showed. The top performer for the month was Emkay Emerging Stars Fund 1, with returns of 4.5 per cent, followed by Roha Emerging Companies Fund (3.2 per cent), and Avendus’ Absolute Return Fund (2.5 per cent). The total commitments to ...
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