In 2024, most Category III Alternative Investment Funds (AIFs) yielded positive returns for affluent investors, coinciding with a nearly 9% rise in the NSE Nifty index. Notably, A9 Finsight’s Finavenue Growth Fund led with a remarkable 132% return, followed by Negen Capital’s fund at 57.17% and Ampersand’s at 48.32%. Fund Manager Abhishek Jaiswal attributed this success to thorough research and effective portfolio management. Other funds, including those from Motilal Oswal and Alchemy Capital, also reported returns between 30%-50%. The minimum investment for Category III AIFs is Rs 1 crore, with reduced amounts for certain stakeholders.