AIF · Equity · CAT III - LONG ONLY - FLEXI CAP
Umbrella Blend Fund 2
IRRSince inception12.10%
Alpha (3Y)−2.05%
3Y return8.80%
Fund age5 yrs 1 mo
From the research desk
Multiple strategies, one portfolio.
Blended Rangoli is Unifi Capital's Thematic AIF strategy built on the belief that investment opportunities arise from multiple market inefficiencies rather than a single investment style.
Four named strategies, not one style
Sources ideas across four distinct underlying strategies, APJ 20, Green Strategy, Insider Shadow Strategy and BCAD, each targeting a different source of return such as corporate events, valuation driven ideas or structural themes.
Weights follow opportunity, not a fixed plan
Portfolio weights are determined by where opportunities are currently available across the four underlying strategies, rather than fixed, predetermined allocations to each.
Four independent theses, not one shared checklist
Companies are evaluated entirely within their own underlying strategy's specific thesis, corporate events for one, valuation for another, structural themes for a third, rather than screened against a single checklist applied across the whole portfolio.
Fund Manager
Growth of₹Cr
Umbrella Blend Fund 2
Returns: How it has done
| Scheme / Benchmark | YTD | 1Y | 2Y | 3Y | 5Y | Since inception |
|---|---|---|---|---|---|---|
| Umbrella Blend Fund 2 | 4.66% | 4.35% | 0.60% | 8.80% | 10.81% | 12.10% |
| Nifty 500 | −1.07% | 2.98% | 0.42% | 11.89% | 12.35% | 12.72% |
| Excess over benchmark | 5.73% | 1.37% | 0.18% | −3.09% | −1.54% | −0.62% |
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
14.28%
Benchmark approx 14.78%
A standard deviation reflecting historical swings.
Sensitivity
0.88
Beta vs benchmark 1.00 · 12% less reactive
How strongly the scheme moves with the index.
Risk-reward
0.29
Sharpe
Excess return gained per unit of volatility.
Capture ratio
84 / 90
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 −15.88% from its 30 Aug 2024 peak to a 28 Feb 2025 trough, and recovered on 11 Jun 2025 after 103 days.
Max drawdowns
−15.88%
Recovery period
103 days
Scheme Drawdown Trajectory
| Drawdown analysis | Peak | Trough | Depth | Fell over | Recovered | Recovery took |
|---|---|---|---|---|---|---|
| Scheme | 30 Aug 2024 | 28 Feb 2025 | −15.88% | 182 days | 11 Jun 2025 | 103 days |
| Benchmark | 30 Aug 2024 | 28 Feb 2025 | −18.59% | 182 days | – | – |
Scheme
Peak30 Aug 2024
Trough28 Feb 2025
Depth−15.88%
Fell over182 days
Recovered11 Jun 2025
Recovery took103 days
Benchmark
Peak30 Aug 2024
Trough28 Feb 2025
Depth−18.59%
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
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