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AIF
·
Equity
·
CAT III - LONG ONLY - FLEXI CAP
Ashika India Select Fund
IRR
Since inception
10.62%
1Y return
6.19%
Minimum investment
₹1 Crore
Fund age
2 yrs 6 mo
Talk to a Specialist
Download Factsheet
Fund Manager
Manish Lodha
CIO - Active Funds, ASHIKA
Manish Lodha is a senior investment professional with over 25 years of expertise across the Indian financial markets, spanning corporate finance, fixed income, equity research, and portfolio management. A Chartered Accountant and Company Secretary, Manish combines financial discipline with an understanding of market fundamentals to deliver long-term returns. Prior to his current role at Ashika Investment Managers, he made significant contributions as a Fund Manager at Mahindra Manulife Mutual Fund. Manish has also been associated with Canara HSBC OBC Life Insurance Company and Kotak Mahindra Mutual Fund, where he was a part of equity research and portfolio management. Earlier in his career, he spent four years in corporate finance function in BOC India Ltd (now Linde India Ltd), giving him a well-rounded perspective on both capital markets and corporate finance. Manish comes with research-driven approach, strong focus on fundamentals, and ability to navigate diverse market cycles, making him a respected voice in the equity investment field.
Managing AUM
₹0 Cr
Returns: How it has done
Trailing returns
Scheme / Benchmark
YTD
1Y
2Y
3Y
5Y
Since inception
Ashika India Select
—
6.19%
3.19%
—
—
10.62%
Nifty 500
−7.78%
2.38%
−0.15%
—
—
7.51%
Excess over benchmark
—
3.81%
3.34%
—
—
3.11%
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
22.42%
Benchmark approx 16.08%
A standard deviation reflecting historical swings.
Sensitivity
1.15
Beta vs benchmark 1.00 · 15% more reactive
How strongly the scheme moves with the index.
Risk-reward
0.13
Sharpe
Excess return gained per unit of volatility.
Portfolio Details : Where the money actually sits
Stocks
46
Asset class
Equity
Allocation
Holdings
Market cap
Large cap
9.96%
Mid cap
11.23%
Small cap
74.83%
Cash & others
3.98%
As on 31 Jul 2026
Fees
A fixed plan is cheaper when returns are strong.
Fixed
Plan A · Simple
Fixed Management Fee
2.00% / yr
Performance Fee
None
Hurdle Rate
Not applicable
i
No exit load. Lock-in: Nil.
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