A Category III AIF with ₹200 crore target corpus launched to invest in small- and mid-cap stocks

A Category III AIF with ₹200 crore target corpus launched to invest in small- and mid-cap stocks


Bengaluru-based Right Horizons Portfolio Management Pvt Ltd has launched the RH Rising India Opportunities AIF, a closed-ended Category III Alternative Investment Fund (AIF), with a target corpus of ₹100 crore and a greenshoe option of an additional ₹100 crore.

The fund is open to resident Indians, non-resident Indians (NRIs), high-net-worth individuals (HNIs), corporates and institutional investors, with a minimum investment commitment of ₹1 crore.

According to the company, the fund will follow a multi-cap investment strategy with an initial bias towards small- and mid-cap (SMID) stocks. The portfolio is expected to hold 20-25 stocks and will have a six-year tenure.

Right Horizons said the fund’s investment framework will focus on identifying companies with sustainable earnings growth and those trading below their estimated intrinsic value, where potential valuation re-rating could support returns over time.

The company stated that the fund would incorporate risk-management measures, including allocations to large-cap stocks, phased deployment of capital and the use of hedging strategies during periods of market volatility.

Founded in 2012, Right Horizons is a SEBI-registered portfolio manager and manages over ₹3,000 crore in group assets under management, according to the company. It said the new offering is its first Category III AIF.

Commenting on the launch, Anil Rego, Founder and Chief Investment Officer of Right Horizons Group, said the fund seeks to capitalise on opportunities in the SMID segment, which he believes could benefit from India’s manufacturing expansion, rising consumption and increasing financial formalisation.

The company noted that investments in alternative investment funds are subject to market risks and that the past performance of its portfolio management services (PMS) strategies may not be sustained in the future or replicated in the AIF.



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