Alternative Investment Funds

Why us?

With over a decade of equity investing expertise, we take a differentiated approach by prioritizing entrepreneurial leadership over traditional professional management. Our strategy is driven by on-ground insights, enabling us to identify and capitalize on emerging, high-growth opportunities.

We aim to offer a mix of listed and unlisted opportunities through our Alternative Investment Fund (AIF), strategically allocating capital across both segments to maximize long-term returns. We offer a well-balanced strategy that aims to capture growth opportunities in more established private equity markets, while benefiting from the liquidity and scale of listed securities.

Alternative Investment Funds

Niveshaay Hedgehogs Fund

Open-ended Category – III AIF

INR 1 crore

Long-Term, Long Only Fund

Upto 100% of the Fund

Upto 40% of the Fund

IN/AIF/24-25/1571

Arvind Kothari

Niveshaay Sambhav Fund

Close-ended Category – II AIF

INR 1 crore

Long-Term, Long Only Fund

Upto 49% of the Fund

Upto 100 % of the Fund

IN/AIF/24-25/1607

Arvind Kothari

Niveshaay Hedgehogs Fund

Niveshaay Sambhav Fund

Tenure

Open-ended Category – III AIF

Close-ended Category – II AIF

Minimum Capital Commitment

INR 1 crore

INR 1 crore

Investment Horizon

Long-Term, Long Only Fund

Long-Term, Long Only Fund

Investment in Listed Securities

Upto 100% of the Fund

Upto 49% of the Fund

Investment in Un-Listed Securities

Upto 40% of the Fund

Upto 100 % of the Fund

SEBI Registration

IN/AIF/24-25/1571

IN/AIF/24-25/1607

Fund Manager

Arvind Kothari

Arvind Kothari


Niveshaay Hedgehogs Fund offers a unique, diversified investment strategy by prudently allocating capital across both listed and unlisted securities, with a strong emphasis on mid and small-cap companies. We strive to identify emerging trends early. With the flexibility of an open-ended structure, the fund provides greater liquidity, while aiming for long-term capital appreciation.​ ​ ​

​ Niveshaay Sambhav Fund aims to back exceptional founders and visionary businesses, partnering deeply through their growth journey. It is designed for investors with a long-term horizon who are willing to commit capital to unlock higher growth potential through conviction-driven investments.​​

Want to know more about our AIF? Fill out the form

GET STARTED NIVESHAAY HEDGEHOGS FUND NIVESHAAY SAMBHAV FUND

What is Alternative Investment Fund ?

Alternative Investment Fund (AIF) means any fund established or incorporated in India which is a privately pooled investment vehicle which ,collects funds from investors, whether Indian or foreign, for whether Indian or foreign, for investing it in accordance with a defined investment policy.

Who are the Eligible Investors ?

In an AIF (Alternative Investment Fund), investment is open to all.

What is the Lock In Period ?

Since Category III scheme is open-ended, there is no lock-in period. However, investors might incur an Exit Load if they redeem their investments within a specified timeframe as outlined in the agreement

How taxation for AIF works ?

For Category I and II AIFs, taxation is applied at the investor level, whereas for Category III AIFs, taxation is applied at the fund level.

How can an investor view the transactions and NAV in their account ?

The Fund’s asset allocation, return attribution, top holdings, and liquidity information will be provided on a monthly basis, along with a detailed report at the end of each quarter. Additionally, the NAV for unitholders will be calculated at the end of every month.

What are Unlisted Investments ?

Unlisted investments refer to equity stakes in companies that are not traded on public stock exchanges. In the past, we have invested in Waaree Energies Ltd., Sambhv Sponge Power Pvt. Ltd., Kimbal Technologies Pvt. Ltd., Vikram Solar Ltd., Indo-Farm Equipments Ltd., Magicrete Building Solutions Pvt. Ltd., Jupiter International Ltd., and XYXX Apparels Pvt. Ltd.