
Category III
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 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