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Scheme of Aarth Aif · Managed by Aarth AIF
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Aarth AIF (branded as Aarth Growth Fund, SEBI Reg. IN/AIF3/24-25/1610) is a Category III Alternative Investment Fund registered in October 2024 and managed by Aarth Fund Manager LLP, headquartered at The Ruby, 2nd Floor, SW, 29, Senapati Bapat Marg Road, Dadar West, Mumbai 400028. The fund is operationally based at A-505, North Block, World Trade Park, JLN Marg, Jaipur 302017, Rajasthan. Led by co-founders Adheesh Kabra and Rishi Agarwal, the fund takes a research-oriented approach to identify high-impact, high-growth investment opportunities. It actively invests across listed equities, growth-stage ventures, and select private placements — with a particular focus on the SME and Pre-IPO segment. The fund has been active as an anchor investor in SME IPOs. Aarth Growth Fund aims to build sustainable wealth through innovation, discipline, and ethics, combining Adheesh Kabra's deep capital markets network and SME sector expertise with Rishi Agarwal's institutional finance and treasury background.
To generate long-term capital appreciation by investing across the medium, small and micro-cap spectrum — listed equities, pre-IPO and anchor allocations in SME & mainboard IPOs, and select unlisted opportunities. The fund follows a fundamentally-driven, sector-agnostic approach that captures discovery-stage premiums while carefully balancing risk, reward and portfolio liquidity.
Aarth Growth Fund is a Category III, close-ended AIF (vintage 2024) pursuing an MSME / small-&-micro-cap strategy. Its flexible Cat-III mandate lets it allocate dynamically across pre-IPO deals, anchor and QIB allotments and listed equities (up to 10% per security, up to 40% unlisted). The bottom-up process — anchored on the firm's AARTH framework (Addressable market, Asset quality, Regulation & governance, Timing & trends, Horizon) — filters a 10,000+ stock universe to a concentrated book, with a stated 'invest-to-exit' discipline. Since the 2 Dec 2024 first close it has taken anchor allocations in 17 SME & mainboard IPOs.
Eligibility: Capped at 1,000 investors · Minimum commitment ₹1 crore, drawn in 4–5 tranches over 1–2 years; open to resident & NRI investors, family offices and institutions.
NAV growth, trailing returns and risk metrics for Aarth Growth Fund.
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Indian AIF returns are taxed differently by category. Confirm with your CA before committing — final treatment depends on the scheme's PPM.
What this fee schedule would cost in a single year — an illustration, not a quote.
A high-water mark applies — the performance fee is charged only on gains above the previous peak, so losses must be recovered first.
GST at 18% is included in the total cost above. Illustrative example only. Actual results will vary based on portfolio composition, entry timing, and market conditions.
Disclaimer
Fees + GST (18%) apply on top. Actual terms governed by the Private Placement Memorandum (PPM). Past performance does not indicate future results.
Adheesh Kabra
FMCo-Founder & Fund Manager
Adheesh Kabra is a Chartered Accountant, Company Secretary, and Certified Financial Planner with over 15 years of expertise in capital markets. As Co-Founder and Fund Manager of Aarth Growth Fund, he specialises in identifying high-potential investment opportunities in the SME sector and designing agile investment strategies for sustainable growth. He has a deep institutional network and promoter relationships that allow him to validate and execute investment ideas effectively. Previously, he founded Prabhat Investment Services and AS Finalysis Ventures LLP, and served as Director & CFO of Prabhat Financial Services Ltd.
Rishi Agarwal
FMCo-Founder & Fund Manager
Rishi Agarwal is a Chartered Accountant, CFA Charterholder, and Certified Fund Manager with over a decade of experience in investment strategies for family offices and corporate treasuries. He has led finance transformations for corporates with assets exceeding ₹1,000 crore and worked alongside CXOs of wealth management firms managing over $40 billion in AUM. He is known for driving cost efficiencies exceeding ₹500 crore. He serves as a Non-Executive Director at Finaura, an RBI-registered NBFC. He is the SEBI-registered contact person for Aarth AIF.
Shilpa Kabra
CFO
Shilpa Kabra is the CFO of Aarth Fund Manager LLP and holds a Certified Financial Planner (CFP) designation.
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Investments in AIFs carry market and credit risk including possible loss of capital. Past performance does not indicate future returns. Information shown is sourced from the issuer's PPM and SEBI filings — confirm against the latest PPM before committing. wisefolio is an information platform; it is not registered with SEBI as an investment adviser, portfolio manager, or distributor. By using this page you accept our terms and privacy policy, including the self-attestation that you are eligible to view AIF marketing material under SEBI rules.
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