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Top 10 AIF Fund Managers of India
- Ripradaman R
- Jan 26
- 3 min read
Introduction
Alternative Investment Funds (AIFs) cater to high-net-worth individuals seeking sophisticated investment strategies beyond mutual funds.
India has seen rapid growth in AIF assets, driven by experienced fund managers with strong track records in equities, private equity, and structured credit.
Below are some of the most prominent AIF fund managers shaping India’s alternative investment landscape.
Saurabh Mukherjea – Marcellus Investment Managers
Overview
Saurabh Mukherjea is known for building Marcellus into a premium long-only equity AIF platform.
Key Insights
Focus on capital-efficient businesses
Governance and accounting quality filters
Long-term compounding philosophy
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Kenneth Andrade – Old Bridge Capital
Overview
Kenneth Andrade is a veteran fund manager with a strong mid-cap investing pedigree.
Key Insights
Bottom-up stock selection
High conviction portfolios
Focus on scalable Indian businesses
Sunil Singhania – Abakkus Asset Manager
Overview
Former Reliance Mutual Fund CIO, now leading Abakkus AIF strategies.
Key Insights
Mid-cap and small-cap specialist
Deep fundamental research
Sectoral thematic investing
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Prashant Jain – 3P Investment Managers
Overview
One of India’s most respected value investors with decades of experience.
Key Insights
Value investing discipline
Long-term fundamentals-driven approach
Focus on undervalued quality stocks
Ashish Kacholia – Lucky Securities / Ashika Group
Overview
Often called the “Big Whale of Small Caps,” known for spotting emerging businesses early.
Key Insights
Small and mid-cap focused
High-risk, high-reward strategy
Entrepreneurial stock picking style
Ashwin Kedia – Kedia Securities / Kedia Wealth
Overview
Known for multi-bagger stock investments and thematic sector plays.
Key Insights
Long-term equity conviction
Focus on consumption and infrastructure themes
Macro-driven sectoral bets
Samir Arora – Helios Capital
Overview
Samir Arora runs global and India-focused AIF strategies with a macro plus bottom-up approach.
Key Insights
Global equity exposure
Macro-economic driven allocation
Technology and growth stock focus
Ravi Saraogi – Samasthiti Advisors
Overview
Samasthiti focuses on ESG and sustainable investing via AIF structures.
Key Insights
ESG-driven stock selection
Mid-cap sustainability focus
Long-term responsible investing framework
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Nilesh Shah – Kotak Alternate Asset Managers
Overview
A leading name in alternate assets, including credit, real estate, and private equity.
Key Insights
Structured credit strategies
Private equity and real estate AIFs
Institutional-grade risk management
AIF Team – Rare Enterprises
Overview
Rare Enterprises manages alternative strategies inspired by Rakesh Jhunjhunwala’s legacy investing style.
Key Insights
High-conviction equity portfolios
Long-term India growth story focus
Concentrated investment strategy
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Conclusion
AIF fund managers in India are playing a critical role in shaping high-net-worth portfolios.
Their strategies range from value investing and mid-cap growth to structured credit and private equity.
For sophisticated investors, choosing the right AIF manager can significantly impact long-term wealth creation.
FAQ
1. What is an AIF in India?
An AIF is a privately pooled investment vehicle regulated by SEBI for sophisticated investors.
2. Who can invest in AIFs?
Typically high-net-worth individuals, family offices, and institutions with a minimum investment of ₹1 crore.
3. How are AIFs different from mutual funds?
AIFs follow flexible strategies, have higher risk, and are meant for sophisticated investors, unlike mutual funds for retail investors.
4. Are AIFs regulated in India?
Yes, AIFs are regulated by SEBI under the AIF Regulations, 2012.
5. Do AIF fund managers outperform mutual funds?
Some AIFs have delivered superior returns, but performance varies by strategy, risk profile, and market cycles.
Citations
Securities and Exchange Board of India (SEBI)
Association of Mutual Funds in India (AMFI)
Economic Times Wealth
Morningstar India
Bloomberg India
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