Alternative Investment Funds
Why us?
With over a decade of equity investing expertise, we take a differentiated approach by prioritizing entrepreneurial leadership over traditional professional management. Our strategy is driven by on-ground insights, enabling us to identify and capitalize on emerging, high-growth opportunities.
We aim to offer a mix of listed and unlisted opportunities through our Alternative Investment Fund (AIF), strategically allocating capital across both segments to maximize long-term returns. We offer a well-balanced strategy that aims to capture growth opportunities in more established private equity markets, while benefiting from the liquidity and scale of listed securities.
Niveshaay Hedgehogs Fund
Open-ended Category – III AIF
INR 1 crore
Long-Term, Long Only Fund
Upto 100% of the Fund
Upto 40% of the Fund
IN/AIF3/24-25/1571
Arvind Kothari
This fund is open for subscription
This Fund offers a unique, diversified investment strategy by prudently allocating capital across both listed and unlisted securities, with a strong emphasis on mid and small-cap companies. We strive to identify emerging trends early. With the flexibility of an open-ended structure, the fund provides greater liquidity, while aiming for long-term capital appreciation.
Niveshaay Sambhav Fund
Close-ended Category – II AIF
INR 1 crore
Long-Term, Long Only Fund
Upto 49% of the Fund
Upto 100 % of the Fund
IN/AIF2/24-25/1607
Arvind Kothari
This fund is now closed for subscription
This Fund aims to back exceptional founders and visionary businesses, partnering deeply through their growth journey. It is designed for investors with a long-term horizon who are willing to commit capital to unlock higher growth potential through conviction-driven investments.
|
Niveshaay Hedgehogs Fund |
Niveshaay Sambhav Fund |
|
|
Tenure |
Open-ended Category – III AIF |
Close-ended Category – II AIF |
|
Minimum Capital Commitment |
INR 1 crore |
INR 1 crore |
|
Investment Horizon |
Long-Term, Long Only Fund |
Long-Term, Long Only Fund |
|
Investment in Listed Securities |
Upto 100% of the Fund |
Upto 49% of the Fund |
|
Investment in Un-Listed Securities |
Upto 40% of the Fund |
Upto 100 % of the Fund |
|
SEBI Registration |
IN/AIF3/24-25/1571 |
IN/AIF2/24-25/1607 |
|
Fund Manager |
Arvind Kothari |
Arvind Kothari |
|
Status |
This fund is open for subscription |
This fund is now closed for subscription |
Niveshaay Hedgehogs Fund offers a unique, diversified investment strategy by prudently allocating
capital across both listed and unlisted securities, with a strong emphasis on mid and small-cap
companies. We strive to identify emerging trends early. With the flexibility of an open-ended
structure, the fund provides greater liquidity, while aiming for long-term capital appreciation.
Niveshaay Sambhav Fund aims to back exceptional founders and visionary businesses, partnering deeply through their growth journey. It is designed for investors with a long-term horizon who are willing to commit capital to unlock higher growth potential through conviction-driven investments.
Want to know more about our AIF?
What is Alternative Investment Fund ?
Alternative Investment Fund (AIF) means any fund established or incorporated in India which is a privately pooled investment vehicle which ,collects funds from investors, whether Indian or foreign, for whether Indian or foreign, for investing it in accordance with a defined investment policy. Minimum investment required is 1cr as per SEBI.
What are the different categories of AIFs ?
Category I AIFs invest in early-stage, socially or economically beneficial areas like venture capital, SMEs, startups, and infrastructure.
Category II AIFs focus on private equity, private credit, and structured debt without leverage, aiming for steady long-term returns.
Category III AIFs use complex, often leveraged strategies across listed and unlisted markets to generate absolute returns.
What is the Lock In Period ?
Category III scheme is open-ended, there is no lock-in period. However, investors might incur an Exit Load if they redeem their investments within a specified timeframe as outlined in the agreement but Category I and II is close ended so there is definite lock in period.
How taxation for AIF works ?
For Category I and II AIFs, taxation is applied at the investor level, whereas for Category III AIFs, taxation is applied at the fund level.
How can an investor view the transactions and NAV in their account ?
The Fund’s asset allocation, return attribution, top holdings, and liquidity information will be provided on a monthly basis, along with a detailed report at the end of each quarter. Additionally, the NAV for unitholders will be calculated at the end of every month.
How is an AIF different from PMS?
AIFs can also invest in differentiated, often unlisted or structured opportunities with longer horizons, including access to pre-IPO, anchor, and preferential deals, enabling higher alpha. PMS is restricted only to listed equities.
AIF Investor Charter 
NIVESHAAY INVESTMENT ADVISORS
508, SNS Platina, Near Someshwara Enclave, Vesu, Surat, Gujarat-395007
(+91) 7859870559
research.smallcase@niveshaay.com (Equity Baskets)
NIVESHAAY INVESTMENT MANAGEMENT PRIVATE LIMITED
610, SNS Platina, Near Someshwara Enclave, Vesu, Surat, Gujarat-395007
(+91) 7836915478
contactaif@niveshaay.com (AIF)
SEBI Registration No. : INH000017338, IN/AIF3/24-25/1571, IN/AIF2/24-25/1607, INP000009506 | BASL Membership ID: 6276
Disclaimer:
Investment in Securities Market are subject to market risks. Read all related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
The securities quoted are for illustration only and are not recommendatory
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