Raining returns: Long-only AIFs beat long-short strategies in August

Long-only different funding funds (AIF) strategies outperformed long-short funds in August.

The former gave common class returns of 4.3 per cent, in comparability to 0.2 per cent for the latter, reveals knowledge from PMS Bazaar.

Of the 16 long-only funds, 14 managed to beat the Nifty50 returns of two.8 per cent in the course of the month, whereas all seven of the long-short funds underperformed the benchmark.

For a 1-year interval, Girik Multicap Growth Equity Fund has been the perfect performer, with returns of 21.5 per cent.

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