AIF · Equity · CAT III - LONG SHORT - CONSERVATIVE
Alpha Alternatives - Multi Strategy Absolute Return Scheme
IRRSince inception12.02%
Alpha (3Y)5.63%
3Y return12.25%
Fund age7 yrs 10 mo
Fund Managers
Mudit Singhania
Mudit Singhania
Partner, Commodities, Alpha Alternatives Fund
Mudit leads the Commodities business at Alpha, bringing nearly two decades of expertise in the commodities industry. A recognized person in the industry, Mudit has been instrumental in positioning commodities as a viable alternative asset class in India. His entrepreneurial vision led to the creation of India’s largest advisory platform for commodity investments and the launch of the country’s first commodity-focused Category III Alternative Investment Fund.Prior to Alpha, Mudit played a pivotal role at Edelweiss, where he successfully built and scaled the agri-commodities business, contributing significantly to its growth and success.Beyond his professional achievements, Mudit is a fitness enthusiast and holds a Bachelor of Management Studies degree from the University of Mumbai.
Managing AUM₹1,716 Cr
Deepak Sood
Deepak Sood
Partner, Fixed Income, Alpha Alternatives Fund
Deepak leads Fixed Income investing at Alpha. He has over 25 years of expertise in trading and portfolio management across local and regional fixed income markets. His expertise encompasses active investment strategies across global and domestic macro markets, investment-grade and high-yield corporate debt, and currency management. Deepak's career highlights include leading Barclays Bank's Macro and Credit Trading business across India and Singapore, where he held a pivotal role in shaping the firm’s market strategy in interest rates and credit markets. As a senior sell-side professional, he managed proprietary trading and flow desks, driving the promotion of Indian fixed income products to global institutional investors and executing significant structured credit transactions. Additionally, as part of Barclays' Debt Capital Markets (DCM) initiatives, he led multiple fund-raising mandates. Prior to this, at Axis Bank, he led the Fixed Income Rates and Treasury desk, managing active multi-asset portfolios delivering strong risk-adjusted returns. Outside of his professional pursuits, Deepak is a passionate auto enthusiast. Deepak holds a Post-Graduate Diploma in Business Management from IMS Delhi and a degree in Commerce from Delhi University
Managing AUM₹1,716 Cr
Prashant Mohanraj
Prashant Mohanraj
Partner, Liquid Alternatives, Alpha Alternatives Fund
Prashant leads the Liquid Alternatives Group and oversees the Equities Trading business at Alpha. With 24 years of extensive experience in fund management and trading across Indian and global financial markets, Prashant is known for his disciplined approach to trading and risk management. Over the years, he has consistently delivered superior risk-adjusted returns through various market cycles. A proven leader and business builder, he has successfully established ventures in asset management, automated trading, physical bullion, and structured products. His prior roles include senior positions at UBS, Kotak, Edelweiss, and Quant.Prashant enjoys travel, food and books. He is an avid fan of Sachin, Rohit, Fedex and Messi and is a keen enthusiast of the music of Morrison, Page, Plant, Bono and Cobain, among others. Prashant holds a PGDM from IIM Ahmedabad and a BE in Electronics from VJTI, Mumbai University
Managing AUM₹1,716 Cr
Growth of₹Cr
Alpha Alternatives Multi Strategy Absolute Return
Returns: How it has done
Scheme / BenchmarkYTD1Y2Y3Y5YSince inception
Alpha Alternatives Multi Strategy Absolute Return5.31%9.41%11.21%12.25%12.35%12.02%
NIFTY 50 TRI−5.93%7.01%7.40%7.54%6.53%56.99%
Excess over benchmark11.24%2.40%3.81%4.71%5.82%−44.97%
Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Jul 2026.
Risk : What you take on to earn the return
Volatility
1.62%
Benchmark approx 12.81%
A standard deviation reflecting historical swings.
Sensitivity
0.08
Beta vs benchmark 1.00 · 92% less reactive
How strongly the scheme moves with the index.
Risk-reward
3.65
Sharpe
Excess return gained per unit of volatility.
Capture ratio
37 / -21
Upside / Downside Capture
Share of market gains captured versus losses absorbed.
How far below its previous high it fell
Over the trailing 3Y window the scheme fell −9.62% from its 30 Jan 2025 peak to a 31 Jan 2025 trough, and recovered on 31 Jan 2026 after 365 days.
Max drawdowns
−9.62%
Recovery period
365 days
Scheme Drawdown Trajectory
Drawdown analysisPeakTroughDepthFell overRecoveredRecovery took
Scheme30 Jan 202531 Jan 2025−9.62%1 days31 Jan 2026365 days
Benchmark30 Aug 202428 Feb 2025−15.27%182 days––
Scheme
Peak30 Jan 2025
Trough31 Jan 2025
Depth−9.62%
Fell over1 days
Recovered31 Jan 2026
Recovery took365 days
Benchmark
Peak30 Aug 2024
Trough28 Feb 2025
Depth−15.27%
Fell over182 days
Recovered–
Recovery took–
The benchmark's peak, trough and recovery are read off its month-end curve; the scheme's row is measured on daily NAV. · Risk and drawdown use a trailing 3Y window · As on 31 Jul 2026
Fees
A fixed plan is cheaper when returns are strong. A performance plan costs less in lean years and shares the upside only when the fund beats a hurdle.
PerformancePlan A · Simple
Fixed Management Fee2.00% / yr
Performance FeeNone
Hurdle RateNot applicable
PerformancePlan B · Simple
Fixed Management Fee0.10% / yr
Performance FeeNone
Hurdle RateAbove 8%
PerformancePlan C · Simple
Fixed Management Fee0.10% / yr
Performance FeeNone
Hurdle RateAbove 50%
PerformancePlan D · Simple
Fixed Management Fee–
Performance FeeNone
Hurdle RateAbove 50%
No exit load. Lock-in: Nil.
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