Niveshaay Hedgehogs Fund is a SEBI-registered Category III Alternative Investment Fund (Reg. No. IN/AIF3/24-25/1571) managed by Niveshaay Investment Management Pvt. Ltd. under the Niveshaay Investment Trust, benchmarked against the Nifty Smallcap 250. Launched on 9 October 2024, the fund follows an "Invest the Entrepreneur Way" philosophy built on a scuttlebutt-style, entrepreneur-led investment approach. As of 31 August 2026, it manages total AUM of ₹1,073.26 crore, with a post-tax NAV of 1,337.26 and returns of 33.73% since inception (20.68% over 1 year, 31.55% over 6 months, and 12.34% over 3 months, all post-tax and post-fees). The portfolio is concentrated in small-cap territory — 100% of holdings by AMFI market-cap classification — spread across 54 portfolio companies, with the top 10 holdings making up 77.32% of the portfolio and the top 30 accounting for 92.11%. Listed securities dominate the mix at 84.48%, with the remaining 15.52% in unlisted names. Sector allocation is led by Data Center (22.10%), Aerospace/Defence (15.26%), and Energy Storage/Smart Grid (15.03%), followed by Electronics/EMS (12.15%) and Infrastructure (8.09%), spread across 15 sectors in total. Top holdings include E2E Networks, Sterlite Technologies, Shivalik Bimetal Controls, Neogen Chemicals, and Centum Electronics, alongside one unlisted name — Afcom Holdings. The fund is led by Compliance Officer Vidhya Sanwal, with investors able to track performance through Niveshaay's dedicated research platform.
