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AIF
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Equity
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CAT III - LONG SHORT - AGGRESSIVE
Avendus Enhanced Return Fund Series - II
Fund size
₹330 Cr
Alpha (3Y)
−0.22%
3Y return
14.15%
Fund age
6 yrs 1 mo
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Fund Managers
Abhay Laijawala
Fund Manager, AIF, Avendus
Abhay Laijawala is Managing Director and Fund Manager at Avendus. Abhay joined from Deutsche Bank where he was the Managing Director and Head of Equity Research. With an experience stretching close to a quarter century, Abhay is a veteran in India’s capital markets, having seen their evolution since they were liberalized and opened to foreign institutional investors post the 1991 reforms. At Deutsche Bank, he spent a decade overseeing research coverage of more than 120 stocks across sectors, lead covering Indian metals companies and writing India Equity Strategy. Prior to joining Deutsche Bank , Abhay was Regional Head for Metals and Mining research at JP Morgan. Abhay has been a highly ranked analyst and strategist and prior to Deutsche Bank and JP Morgan, Abhay worked with Citigroup, DSP Merrill Lynch, HSBC and BZW Barclays. Abhay has earned his MBA from the University of Rhode Island, USA with a specialization in finance and holds a Master’s degree in commerce from the University of Bombay. Apart from equity markets his other interests include global macro, international finance and the economics of climate change.
Managing AUM
₹950 Cr
Vaibhav Sanghavi
Fund Manager, AIF, Avendus
Previously Ambit Investment Advisors and DSP Merrill Lynch (proprietary trading team), HDFC Bank - (as part of treasury ) managing proprietary investments in equities
Managing AUM
₹950 Cr
Growth of
₹
Cr
Avendus Enhanced Return Fund Series II
Since Inception
5Y
3Y
1Y
Returns: How it has done
Trailing returns
Calendar year
Rolling return
Scheme / Benchmark
YTD
1Y
2Y
3Y
5Y
Since inception
Avendus Enhanced Return Fund Series II
—
6.27%
18.49%
14.15%
—
17.15%
NIFTY 50 Index
−12.67%
9.88%
15.45%
12.10%
—
15.57%
Excess over benchmark
—
−3.61%
3.04%
2.05%
—
1.58%
Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Dec 2024.
Risk : What you take on to earn the return
Volatility
15.65%
Benchmark approx 12.37%
A standard deviation reflecting historical swings.
Sensitivity
1.16
Beta vs benchmark 1.00 · 16% more reactive
How strongly the scheme moves with the index.
Risk-reward
0.38
Sharpe
Excess return gained per unit of volatility.
Capture ratio
112 / 118
Upside / Downside Capture
Share of market gains captured versus losses absorbed.
Portfolio Details : Where the money actually sits
Stocks
26
P/E ratio
33.66
P/B ratio
4.56
Dividend yield
0.30%
Avg market cap
₹3.74 L Cr
Median market cap
₹1.09 L Cr
Asset class
Equity
Allocation
Style box
Sectors
Holdings
Market cap
Large cap
51.29%
Mid cap
13.91%
Small cap
13.56%
Cash & others
21.24%
As on 31 Dec 2024
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