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ASK Absolute Return Fund

Category III

Overview

The ASK Absolute Return Fund is a dynamic long-short Category III AIF engineered to deliver positive absolute returns over a 12+ month horizon with significantly lower volatility and fewer drawdowns than broader equity markets. Prioritizing capital preservation across all market conditions, the fund actively takes long and short positions in stocks and indices using a blend of fundamental, quantitative, and derivative analysis. Ultimately, it aims to protect downside risk while generating a consistent alpha of 100–150 basis points (net of fees and taxes) over liquid fixed-income alternatives.

Fund Structure Details

Fund Type

Category III

Category Type

Long Only Equity Funds (100%)

Investment Focus

Equity Market

Fund Currency

INR

AUM (₹in cr.)

-

Sponsor Commitment (₹in cr.)

-

Registration Number

IN/AIF3/23-24/1417

Fund Inception Date

31-01-2024

First Close Date

-

Last Close Date

-

Last Updated Factsheet

-

Ticket Size (₹in cr.)

₹1

Open And Close Ended Fund

Open-Ended

Tenure

-

6 Month Return

0%

1 Year Return

0%

3 Year Return

0%

5 Year Return

0%

Since Inception Return

0%

Extension Period

-

Lock-in Period

-

Residual Tenure

-

Open For Investments

Yes