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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.

Alternative Investment Funds

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.

CLIENT REVIEWS

What our clients say

  • Awadhesh Kr. Pandey

    Awadhesh Kr. Pandey

    CFO
    Damlia Cement​

    I began my investment journey with them through Smallcase, then moved to their equity research services, and have now finally invested in the Niveshaay AIF

  • Parsh Kothari

    Parsh Kothari

    CEO & Co founder
    Think School

    We’ve been investing with Niveshaay for over two years now, and it’s been a rewarding experience.

  • Mr. Gobind Ram Choudhary

    Mr. Gobind Ram Choudhary

    Managing Director
    ANMOL INDUSTRIES LTD

    We have been associated with Niveshaay since 2023-2024, and the experience has been phenomenal.

  • CA Jay Chhaira

    CA Jay Chhaira

    Central Council Member, ICAI

    I have known Arvind since his formative years as a Chartered Accountancy student,

  • Prateek Kapoor

    Prateek Kapoor

    Director
    Shubham Group

    Your thoughtful approach, depth of knowledge, and dedication have truly made a difference in my financial journey.

  • Karna

    Karna

    Semiconductor Design Leader
    Hyderabad

    Partnering with NIVESHAAY has been a transformative experience in my investment journey.