AIF · Equity · CAT III - LONG SHORT - CONSERVATIVE
ASK Absolute Return Fund
IRRSince inception12.04%
1Y return8.75%
Minimum investment₹1 Crore
Fund age2 yrs 8 mo
Fund Managers
Piyush Shah
Piyush Shah
CIO & Fund Manager, ASK Long-Short Fund
Piyush joined ASK Group in September 2023 as CIO & Fund Manager, Hedge Fund Solutions to build and manage the Alternate Investment platform. His current role, is setting the investment style and strategy of the firm’s investments managing the various alternate offerings, including the flagship, India long-short strategy as well as complete oversight over the investment team and business management. His key responsibilities include sourcing, managing, and monitoring investment, establishing investment policies and collaborating with the fund management team to optimise investment performance. With an experience spanning over two decades in the financial services industry, Piyush is a seasoned professional with over 25 years of experience in the Indian equity markets, known for his extensive knowledge of derivatives and fundamental analysis. His disciplined and process-driven approach has consistently yielded positive risk-adjusted returns across various market cycles.
Managing AUM₹0 Cr
Vaibhav Sanghavi
Vaibhav Sanghavi
CEO, ASK Long-Short Fund
Vaibhav joined ASK Group in Aug 2023 in the capacity of Managing Director & CEO, Hedge Fund Solutions to build and manage the Alternate Investment platform. Vaibhav’s responsibilitiesinclude, managing the various alternate offerings, including the flagship, India long-short strategy as well as complete oversight over the investment team and business management.Prior to joining ASK, Vaibhav was with Avendus Capital Public Markets Alternate Strategies LLP,where he was responsible for managing multiple alternate strategies totalling ~US$1Bn. Before that, Vaibhav worked with DSP Merrill Lynch and was instrumental in building the prop-book business for alternatives. He started his career with HDFC Bank advising clients on the private banking side before moving to the proprietary desk as a trader.Vaibhav is a regular speaker at industry events and spearheads the development of alternate solutions space in India, through frequent media and investor engagements.Vaibhav holds a Bachelor of Commerce (B. Com) degree from the University of Mumbai and is a qualified Chartered Accountant.
Managing AUM₹0 Cr
Returns: How it has done
Scheme / BenchmarkYTD1Y2Y3Y5YSince inception
ASK Absolute Return—8.75%9.97%——12.04%
Nifty 500−7.78%1.52%−0.69%10.10%10.67%—
Excess over benchmark—7.23%10.66%———
Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date.
Risk : What you take on to earn the return
Volatility
1.64%
A standard deviation reflecting historical swings.
Risk-reward
1.85
Sharpe
Excess return gained per unit of volatility.
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. Both cost the same at a 3.75% gross return.
FixedPlan A · Simple
Fixed Management Fee1.75% / yr
Performance FeeNone
Hurdle RateNot applicable
VariablePlan B · Shared upside
Fixed Management Fee1.00% / yr
Performance Fee20% of profit
Hurdle RateNot applicable
No exit load. Lock-in: Nil.
Let's start a
conversation
  • Compare this AIF against 3,000+ others with our research desk
  • Build a long-term portfolio around your goals, not a one-off buy
  • Experts with decades of experience.
Private. Personal. No obligation.
We will only use these details to contact you about this enquiry. No spam.
Start a conversation
Share a few details and an expert will reach out.
We will only use these details to contact you about this enquiry. No spam.