MUMBAI, (GNI): Samvitti Capital, a SEBI registered asset management boutique founded by first generation professionals and based out of Mulki, Karnataka, has announced the completion of the three year term of its first AIF fund ‘Samvitti Capital Alternative Investment Fund’. This fund had multiple unique features. This was one of the earliest category 3 AIFs launched out of Karnataka, three years back. The fund was also one of the few AIFs to have the CNX Nifty Index as its performance benchmark.
The fund has outperformed its benchmark CNX Nifty by 30% points over its three year tenure. Samvitti Capital today manages assets of approximately 400 crores with more than 200 clients.
“We are extremely pleased to announce the closure of our flagship closed ended fund with a significant outperformance to the benchmark. In fact, this fund has outperformed most equity mural funds in the comparable universe. This reflects our ability to generate alpha over an extended period of time” said Prabhakar Kudva, Co-Founder and Director, Samvitti Capital.“I would like to thank all our investors for reposing faith in us, back when we started. I could not ask for a better testament to their trust than them having chosen to re-invest the proceeds back with us in our other products.”
Samvitti Capital has been successfully managing two other SEBI registered open ended AIFs viz. Alpha fund – a long-short growth strategy fund and Alpha Opportunities fund – a long-short short term strategy fund. Samvitti also manages individual and corporate accounts via its SEBI registered Portfolio Management Service (PMS). Ends