The Manager Behind the Mandate
23 years of group presence. ₹3,000 Cr+ under management. 95%+ client retention.
6 branches, pan-India. 95%+ client retention rate.
Boutique focus, institutional discipline.
600+ clients. 10+ strategies for wealth clients.
CIO + 5 fund managers, supported by a research bench.
Alternative Investment Funds at a Glance
Beyond stocks and bonds, access strategies previously reserved for institutions.
India's AIF industry has grown 3.6× in five years. Category III AIFs — long-short equity strategies — are the fastest-growing segment. (Source: SEBI)
What Is an AIF?
A SEBI-regulated pooled investment vehicle that deploys capital across strategies unavailable in mutual funds or PMS including long-short equity, derivatives, and structured debt.
- Minimum investment: ₹1 crore
- Eligible investors: HNIs, corporates, NRIs, institutions
- Regulated: SEBI under AIF Regulations, 2012
Categories of AIFs
- Category I — Startups, infrastructure, social impact
- Category II — Private equity, structured debt
- Category III — Long-short equity, derivatives, arbitrage
Taxation
Category III AIFs are taxed at the fund level. Post-tax returns are distributed to investors. Consult your tax advisor for specific implications.
Regulated by SEBI
- All AIFs registered under SEBI AIF Regulations, 2012
- Mandatory disclosures, audits, and valuations
- Leverage restricted per category norms
Why Invest in an AIF?
- Access strategies unavailable in mutual funds or PMS
- Professional management - disciplined, process-driven
- Portfolio diversification beyond listed equity benchmarks
- Regulated, transparent, SEBI-supervised
RH Rising India Opportunities AIF at a Glance
What we are offering and what it means for your portfolio.
The Three Pillars
Multicap Fund
Currently SMID-biased, flexible across large, mid, and small caps. Moves to large caps to manage drawdown risk.
RH Multibagger Framework
Conviction-led. Targets earnings growth × multiple re-rating. Unconstrained by benchmarks.
Disciplined Risk Management
Three structural layers: phased deployment, large-cap buffering, selective hedging.
Key Fund Terms
| Structure | Closed-Ended Category III AIF |
| Manager | Right Horizons Portfolio Management Pvt Ltd |
| Asset Class | Listed equity & equity-related instruments |
| Fund Tenure | 6 years from First Closing (+2 year extension) |
| Fund Size | ₹100 Cr + ₹100 Cr Greenshoe |
| Minimum Commitment | ₹1 Crore (Class A Units) |
| Commitment Period | 24 months from First Closing, subject to IM discretion |
| Liquidity | Monthly on valuation day (subject to discretion) |
| Lock-In | 6 months from last drawdown, subject to Commitment Period |
| Exit Load | No Exit Load |
| Risk Profile | High Risk |
| Eligible Investors | Resident Indians, NRIs, HNIs, Corporates, Banks, Institutions |
| SEBI Registration No. | IN/AIF3/25-26/2114 |
India Is at an Inflection Point
The $10T economy is not a forecast, it is a trajectory already in motion.
India's Structural Growth Chart
GDP FY15 → FY35E (Inflection Point)
Source: World Bank, IMF, OECD, EY, RH PMS Internal Research.
Every 25%+ small cap correction since 2003 has been followed by a 2x–4x recovery. Phased deployment captures this opportunity systematically.
India's Growth Case
- $10T GDP target by 2035 — Base: 8.8% CAGR, Robust: 10.1% CAGR
- Structural drivers: Manufacturing, Consumption, Healthcare, Capital Markets
- Small & Mid caps: 18.7% earnings CAGR vs 10.4% for Nifty 50
Why Now — The Entry Opportunity
Currently SMID stocks have corrected ~26% since December 2024. ~60% of stocks are down more than 30% as of March 2026 — creating a compelling phased entry zone.
Where Wealth Is Actually Created
Earnings growth × multiple re-rating = wealth creation.
ΔEPS (Earnings Growth) × ΔP/E (Multiple Re-Rating) = WEALTH CREATION
Step 1
Find the Earnings Engine
- Earnings doubling over 3–5 years
- Structural sector tailwind as confirmation
- Above-industry net sales and ROCE growth
Step 2
Enter at Reasonable Valuation
- Current P/E at a meaningful discount
- Margin of safety enforced — not growth at any price
- Valuation discount narrows as earnings compound
Result
A Double Engine
- EPS growth + P/E expansion = outsized returns
- Asymmetric profile: limited downside, large upside
Four Proprietary Process Tools
Each tool operates in sequence to remove behavioural bias at every stage of the investment decision.
RH Screener
Quantitative filter: CAGR, ROCE, D/E, promoter holding.
RH Scorecard
Valuation check: EV/EBITDA, TTM P/E vs sector history.
RH Risk Radar
Governance, moat, cash flow quality.
RH Pendulum
Dynamic rebalancing + technical entry/exit triggers.
Downside Protection Is Structural
Three layers of risk management - built in, not bolted on.
Layer 1
Entry Risk: Structured Stock Picks
- Capital deployed in tranches - never all at once
- RH Risk Radar screens for governance and moat quality
- Mitigates market-timing and peak-valuation risk
Layer 2
Volatility Risk: Multi-Cap Diversification
- Pivots to large caps during Currently SMID corrections
- Closed-ended structure prevents forced selling at lows
- Seamless rotation within the multicap mandate
Layer 3
Downturn Protection: Selective Hedging
- Up to 10% of portfolio in derivatives hedging
- Deployed during extended drawdown periods only
- Reduces drawdown without exiting equity positions
Who Can Invest?
Open to HNIs, institutions, NRIs, and corporates - minimum ₹1 crore.
HNIs and Ultra-HNIs
Minimum commitment: ₹1 crore. Seeking superior risk-adjusted returns over a 6-year horizon.
Family Offices, Corporates & Institutions
Corporates, banks, partnerships, and institutions seeking structured long-term investment with an AIF framework.
NRIs and Foreign Investors
NRIs eligible subject to FEMA and SEBI regulations. Check with our team to know more about eligible geographies open for inflows.
Share Classes & Minimum Commitments
Multiple share classes are available to align with your commitment size. Larger commitments qualify for preferential fee structures.
How to Invest with Right Horizons
Guided at every step — from first enquiry to capital deployment.
Connect with Us
Reach out. Your dedicated RM will connect within 24 hours.
Product Walkthrough
Understand the strategy, structure, risk profile, and fee options.
Clarify Your Options
Choose your share class and commitment level with advisor guidance.
Documentation & KYC
We guide you through the full onboarding process — end to end.
Review PPM & Commit
Read the Private Placement Memorandum. Formalise your commitment.
Track Your Investment
Monthly valuation statements. Regular updates from your RM.
Frequently Asked Questions
Answers to what every investor and distributor should know.
₹1 crore (Class A Units). Higher commitment amounts qualify for different share classes and fee structures.
Resident Indians, NRIs, HNIs, Corporates, Partnerships, Banks, and Institutional Investors. Minimum ₹1 crore as per SEBI AIF Regulations.
6 months from last drawdown, subject to the commitment period. Fund tenure is 6 years from First Closing.
Closed-ended enforces discipline and avoids forced selling at market lows. Phased deployment reduces entry-timing risk — no waiting for the 'right moment.'
Phased deployment mitigates timing risk. Historically, every 25%+ small cap correction since 2003 has been followed by a 2–4× recovery. Waiting often means missing the early phase.
Benchmark-agnostic. 20–25 high-conviction positions vs 80+ index-tracking stocks. Proprietary 4-tool process removes behavioural bias at every stage.
Three structural layers: phased deployment, large-cap buffer, and up to 10% derivatives hedging — deployed selectively, not mechanically.
KYC, signed Contribution Agreement, and financial documentation per SEBI AIF Regulations. Our team guides you through the full process.
PMS: ₹50 lakh minimum, open-ended, individual portfolio. AIF: ₹1 crore minimum, pooled, access to complex strategies including long-short and derivatives.
Fixed fee and variable fee share classes available. Variable classes align manager incentives with investor outcomes. Full fee schedule in the PPM.
Category III AIFs are taxed at the fund level. Post-tax returns distributed to investors. Consult your tax advisor for your specific situation.
Registered and regulated by SEBI under AIF Regulations, 2012. SEBI Reg. No: IN/AIF3/25-26/2114. Mandatory disclosures, audits, and periodic valuations.
Group Fund Management Team
Collective experience, complementary skills, one shared investment discipline.
Fund Management Team
Anil Rego
Founder & CIO
- 30+ years in equity markets — portfolio management & contrarian investing
- MBA / CFA from ICFAI. Founder, Right Horizons
- Frequent expert: ET Now, CNBC TV18
Prabhat Ranjan
Co-Fund Manager
- 10+ years in equity and investment research
- B.Tech BVP | MBA Delhi School of Economics | CFA Charterholder (USA)
- Sectors: Manufacturing, Cement, Chemicals, Auto
Vijay Chauhan
Co-Fund Manager
- 7+ years in equity research and fund management — Currently SMID focus
- B.Tech (IIT) | MBA (IIM)
- Sectors: Financial Services, Pharma, IT, FMCG
Piyush Sharma
Fund Manager
- 20+ years across India and US capital markets
- MBA UNC Chapel Hill | MS MNNIT | BS University of Allahabad
- Prior: Sanford Bernstein, Citigroup, BSE
Satwik Jain
Fund Manager
- Founder, Generational Capital | Head of Investment Committee, Breakout AIF
- MBA IMT Ghaziabad
- Focus: Bottom-up investing, M&A, startup ecosystem
Research Team
Shakthi Prabhu A
Equity Research Analyst
- 5+ years in equity research — bottom-up stock selection
- CFA Level II cleared | Certified Financial Modeller (CFI Canada)
Archana H
Junior Equity Research Analyst
- 2+ years in equity research — macro analysis and portfolio support
- M.Com (International Finance)
A Seamless Journey from Interest to Investment
Here's what you can expect once you reach out.
RM Connects Within 24 Hours
Your dedicated Relationship Manager reaches out to understand your goals and investment context.
Product Walkthrough & Suitability
We walk you through the strategy, structure, fee options, and share class selection aligned to your portfolio.
Documentation & Onboarding
KYC, Contribution Agreement, and regulatory documentation — managed end to end by our team.
Capital Deployment
Capital deployed in tranches per the phased deployment schedule — risk-managed, outcome-focused.
Why choose RH AIF?
- Transparent process — clear communication at every stage
- Timely updates — monthly valuation statements and fund reports
- Regulated & secure — SEBI-registered AIF
- Dedicated support — your RM is always accessible
Disclaimer
This material is provided solely for informational purposes and does not constitute an offer to sell or solicitation to buy any securities or units of the Fund. Any offer shall be made only through the Private Placement Memorandum (PPM), contribution agreement, and other legally binding documents.
Investments in Alternative Investment Funds are subject to market risks, including potential loss of capital. Past performance is not indicative of future results. The Fund is a Category III AIF and may employ permissible strategies that could result in higher volatility and risk compared to traditional investments.
Fund units are unlisted and subject to limited liquidity and transfer restrictions as per the PPM. Investors are advised to read all scheme-related documents carefully and consult their financial, legal, and tax advisors before investing.
SEBI Registration AIF No: IN/AIF3/25-26/2114. Right Horizons Portfolio Management Pvt Ltd.