AIF Tracker: Northern Arc, InCred, Vivriti & StepTrade AMCs deliver over 10% return to crorepati investors in July 2024

July 2024 saw over 40% of alternative investment funds (AIFs) surpass the Nifty50 index. Northern Arc, InCred, Vivriti, and StepTrade AMCs provided returns over 10%. Category II and 'long-only' schemes performed notably well, with funds like Motilal Oswal’s Hedged Equity Multi Factor Strategy achieving significant gains. Long-short strategies had varied outcomes.