AIF · Equity · CAT III - LONG ONLY - MULTI CAP & FLEXI CAP
Renaissance India Next Fund III - Cat III AIF
Fund size₹302 Cr
IRRSince inception10.29%
1Y return-1.96%
Fund age2 yrs 9 mo
From the research desk
Rotating with the evidence, not the headlines.
Renaissance India Next Fund is Renaissance Investment Managers' equity strategy built on a quality biased philosophy, focused on businesses that can deliver sustainable, high growth over the medium to long term while staying selective in cyclical businesses rather than chasing them across the cycle. The process starts top down, identifying macro themes shaping the economy, then picks stocks bottom up using the firm's SQGARP framework, sustainable business model, quality, growth and a fair price.
Seven named risks, not a general risk view
Every holding is explicitly screened against seven distinct risks, Quality, Price, Management, Financial, Volatility, Mortality and Event, with position sizes adjusted against each one individually.
Cyclical or structural, sized differently
Sectors are classified as either cyclical or structural and sized on that basis, a read that is revisited as evidence changes rather than held rigidly through the cycle.
Fair price over a good story
Focus stays on a sustainable business model, real quality in moat, pricing power and management, and a fair price, rather than paying up for a compelling narrative.
Fund Manager
Growth of₹Cr
Renaissance India Next Fund III Cat III AIF
Returns: How it has done
| Scheme / Benchmark | YTD | 1Y | 2Y | 3Y | 5Y | Since inception |
|---|---|---|---|---|---|---|
| Renaissance India Next Fund III Cat III AIF | −7.97% | −1.96% | −0.30% | — | — | 10.29% |
| NIFTY 50 TRI | −9.61% | −1.55% | −1.14% | — | — | 7.27% |
| Excess over benchmark | 1.64% | −0.41% | 0.84% | — | — | 3.02% |
Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 May 2026.
Risk : What you take on to earn the return
Volatility
17.30%
A standard deviation reflecting historical swings.
Risk-reward
0.26
Sharpe
Excess return gained per unit of volatility.
How far below its previous high it fell
Over the trailing 3Y window the scheme fell −18.19% from its 30 Jul 2025 peak to a 31 Mar 2026 trough. It has not yet recovered.
Max drawdowns
−18.19%
Scheme Drawdown Trajectory
| Drawdown analysis | Peak | Trough | Depth | Fell over | Recovered | Recovery took |
|---|---|---|---|---|---|---|
| Scheme | 30 Jul 2025 | 31 Mar 2026 | −18.19% | 244 days | – | – |
| Benchmark | 30 Aug 2024 | 28 Feb 2025 | −15.27% | 182 days | – | – |
Scheme
Peak30 Jul 2025
Trough31 Mar 2026
Depth−18.19%
Fell over244 days
Recovered–
Recovery took–
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 May 2026
Portfolio Details : Where the money actually sits
Asset class
Equity
Top 5 holdings
HDFC Bank Ltd8.78%
One 97 Communications Ltd6.68%
Reliance Industries Ltd6.07%
State Bank of India5.22%
ICICI Bank Ltd4.76%
Fees
A fixed plan is cheaper when returns are strong.
FixedPlan A · SimpleFixed Management Fee2.50% / yr
Performance FeeNone
Hurdle RateNot applicable
No exit load. Lock-in: Nil.
Let's start a
conversation
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.