NSE Index recently published its first Nifty Alternative Investment Fund Benchmark Report to meet the growing investor interest in Alternative Investor Funds (AIFs) in India.
This report will help investors to compare the historical performance of various categories of AIFs with their respective benchmarks and broader market indices like Nifty 50 and Nifty 500. NSE India has created the Nifty AIF benchmark for each of the three AIF categories – Category I, II and III – based on data as of March 31, 2021. The report will be published semi-annually based on March-end and September-end data.
The first report, which is based on March 2021 data, shows that the total commitment taken by the AIF industry has grown by about 63% (5-year CAGR) from Rs. 38,879 crore till March-end 2016. 4.5 lakh crore by March-end 2021. Category II AIFs account for the largest share of 79 per cent of the total commitments raised by March-end 2021. Category II AIFs include real estate funds and private equity funds. The report collated data from 392 AIF schemes and 277 AIF funds.
Category I and II AIFs, as a whole, are classified according to their previous year, and the total IRR (Internal Rate of Return) for them is calculated for each benchmark year. The vintage year is defined as the financial year in which the scheme was first closed. For Category III AIFs, two performance benchmark indices, asset-weighted and equal-weighted, have been calculated. Only AIFs registered with the Securities and Exchange Board of India (SEBI) and at least one year old as on March 31, 2021 are considered for computing the benchmark.
The full report can be accessed at https://www.niftyindices.com/aif-benchmark-report.
Don’t miss a story! Stay connected and informed with Mint.
download
Our App Now!!