Indian Long-Only Fund

A multi-cap long-only Category III open-ended AIF to invest in the undervalued and under-priced listed equities in the public Indian markets with a heavy tilt towards the mid and small cap market. This is a good investment for Indians and NRIs who believe in the India story and are looking to invest with a long-term horizon in the Indian market.

Fund Overview

Conviction-driven investing in India's growth story.

Our India Long-Only Fund is designed to capture the highest-return opportunities within this theme — primarily in small and mid-cap companies that are under-researched and mispriced by the market. We are sector-agnostic. We go where the conviction is strongest and hold positions through the inevitable volatility that comes with high-conviction investing.

Min. Investment

₹1 Crore

Product Type

AIF

Category

Category III

Strategy

Long-Only Equity

Universe

Indian Listed Equities

Market Cap Bias

Small & Mid Cap

Launched

March 28, 2023

Benchmark

NIFTY 500 TRI

Reg

SEBI

Fund Performance

Historical returns versus benchmark.

3-Year CAGR (Since Inception)

3-Year CAGR (Since Inception)

+30%

Benchmark: +17%

Return (Since Inception)

Return (Since Inception)

+30.00%

Benchmark: +13.14%

PeriodFundBenchmark
1 Month+4.20%+3.10%
3 Months+8.75%+6.40%
6 Months+13.42%+9.85%
1 Year+21.68%+15.32%
2 Yrs (CAGR)+22.91%+16.47%
3 Yrs (CAGR)+24.35%+17.98%
Since Inception+30.00%+13.14%

* Returns as on 31 May 2024

Indian Long-Only FundNifty 500 TRI (Benchmark)

* Returns as on 31 May 2024

Ready to Start Investing?

Request the investor deck and speak to our team about onboarding.

Why invest in the India Long-Only Fund?

Three compelling reasons why the India Long-Only Fund belongs in your portfolio.

India's Decade of Growth
01

India's Decade of Growth

India is at the beginning of a structural multi-decade growth story — driven by a young population, manufacturing renaissance, financial inclusion and digital adoption. Small and mid-cap companies are the biggest beneficiaries of this transformation, and they remain significantly under-owned by global capital.

Proven Outperformance
02

Proven Outperformance

Since launching at the market bottom in March 2023, the fund has delivered 30% CAGR — significantly beating the NIFTY 500 TRI benchmark and earning the #1 AIF ranking in India for FY24 with an 80% post-tax return. The track record reflects the quality of our research and the discipline of our process.

Aligned Incentives
03

Aligned Incentives

The fund manager deployed 100% of the fund capital on Day 1 alongside his own net worth. We make money only when you make money, creating perfect alignment between manager and investor.

Fund Documents

Access detailed insights, performance reports, and strategy documents for this fund.

Indian Long-Only Fund

Fund strategy & thesis

PDF1.1 MB

Invest in India's growth story.

Request the fund presentation, PPM, and learn more about the onboarding process.

Questions we get asked.

Everything you need to know before investing with us. Can't find an answer? Reach out directly.

Question markWhat are the asset management services offered by Rational?

As one of the top asset management firms in India, we offer three investment opportunities focused on diversifying investor portfolios. All three follow the same investment philosophy but use different instruments based on investor suitability.

1. India Long-Only Fund — we invest in listed Indian companies.

2. Gold & Silver Miners' Fund — a GIFT City based fund investing in gold & silver mining companies listed in global markets.

3. Absolute Return Fund — we invest in derivatives of publicly listed Indian companies through a long-short strategy.

Question markHow do I invest in Rational's funds?

Click the "Invest with Us" button or fill out the contact form. Our team will reach out to walk you through the onboarding and KYC process, share the Private Placement Memorandum, and answer any questions you may have.

Alternatively, reach out on +91 99119 00096 or +91 99872 61105.

Question markWhat is the minimum investment amount?

India Fund — ₹1 Crore

GIFT City Fund — US$ 150,000

Question markWhich is the regulatory body governing Rational?

Rational is registered with SEBI as a Category II Alternative Investment Fund. Our GIFT City Fund operates under the IFSCA regulatory framework. All funds comply fully with applicable regulations.