Our fund house offers AIF – Category III to both Indian and International investors. Hedge funds, being offered by IDFC AMC under AIF – Category III, are an asset class that aim to have lower correlation to traditional asset classes, such as long only equities and fixed income and intend to improve an investor’s overall return per unit of risk.

Investors can participate in the India growth story through diverse and complex trading strategies that may leverage investments in listed and unlisted derivatives.

IDFC AMC

Our Current AIF Category
III Product

IDFC AMC

Our AIF Category III basket includes two funds under the IDFC India Equity Hedge (IEH) umbrella. Being an AIF Category III offering, the fund has a minimum ₹1 crore investment requirement suitable for Ultra High Net Worth Individuals, Family offices, Corporations and Institutions.

With the two funds, we offer ‘true-to-label’ alternatives to both traditional equity and fixed income funds. The objective of the Alternative Funds is to add diversification and low correlation to existing traditional investments. They are not meant to replace traditional investments, but to add value to the overall asset allocation mix.

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IDFC AMC

Investment Framework

IDFC AMC

Create non-cyclical, all‑weather products within the designed risk framework

IDFC AMC

Generate alpha by employing uncrowded, uncorrelated and non‑traditional strategies with a value bias

IDFC AMC

Focus on liquid markets to complement rising liquidity in other alternative allocations

Investment Universe

IDFC AMC
IDFC AMC

Indian equity cash and
derivatives market

IDFC AMC

Equity indices

IDFC AMC

Fixed deposits as margin for
derivative trades

IDFC AMC

Liquid mutual funds or other liquid assets of
higher quality for parking cash

Strategies deployed by the Fund Manager

IDFC AMC

Short exposures

IDFC AMC

Yield enhancement

About the Fund Manager

Mr. Vijay Krishna-Kumar - IDFC Fund Manager

Mr. Vijay Krishna Kumar

Head - Liquid Alternatives
(March 2017 to date)

Mr. Vijay Krishna-Kumar is an early pioneer and a specialist with a 12-year track record in India Long/Short investing and has a total global investment experience of almost two decades. He has successfully generated positive returns for his clients, even in bear markets*.


Before joining IDFC AMC, Mr. Kumar was the Director of Mumbai based Gulmohar Alpha Capital Advisors and Senior Portfolio Manager of Swiss based multi-manager SteppenWolf Capital LLC. During his time there, he won awards for ‘Best Emerging Markets Investor – India’ and ‘Best India Long/Short’ by AI Hedge in 2016.

Prior to this, he was the CIO and Portfolio Manager for The Chatterjee Group’s public equities division (TCG, a Soros spinoff). During his tenure, TCG IndiaStar was ranked number two by Eurekahedge in its peer group. Before that, he was the Co-CIO of the Agra India Fund (PCE Investors, London), seeded by New Alpha Advisers, a consortium of blue chip European insurance companies.

Mr. Kumar holds a Masters in Corporate and International Finance from Durham University, UK.

*Based on previous track record, including funds managed prior to IDFC AMC.
Past performance may not be sustained in the future.

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IDFC AMC
IDFC AMC

Our current market outlook

March 2020 market outlook document

As per SEBI regulations, all AIFs, like IDFC IEH Funds, are privately placed. For IDFC SPICE Fund related queries/account statement and for information on other products, please write to investor.services@idfc.com or call at +91 22 43422799.

IDFC AMC