AIF Tracker: Category II debt funds gave 10% returns to crorepati investors in September 2024
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Over 30% of the alternative investment funds (AIFs), which are investment funds pooling money from investors for assets beyond conventional stocks, bonds, and cash, surpassed the benchmark index (Nifty50) in performance in September 2024. Data tracked by PMSBazaar.com showed that 38 AIF funds across categories have risen more than 2.3% in September 2024 compared to 2.2% rally seen in the Nifty50 in the same period. Note : Each scheme may have a different benchmark. Nifty is used as a reference. AIFs are regulated by the Securities and Exchange Board of India (SEBI) and can be formed as a trust, company, or limited liability partnership (LLP). The minimum investment for an investor in an AIF is Rs 1 crore. Top 4 funds which rose by about 10% in September are from Category II AIF which include schemes like Vivriti’s Emerging Corporate Bond Fund (up14%), Northern Arc’s IFMR Fimpact Long Term Credit Fund (up 12.2%), Vivriti AMC’s Alpha Debt F...