Mumbai-based investment firm Aurrevia has launched a Category III Alternative Investment Fund (AIF) after securing a $10 million (approx. ₹83 crore) anchor investment from the Kothari Family Office. The fund will utilize a hybrid investment strategy combining fundamental research with momentum-based stock selection to target risk-adjusted returns.
Investment platform Aurrevia has entered the Indian Alternative Investment Fund (AIF) space with the launch of its first Category III fund. The move is supported by a $10 million anchor commitment from the Kothari Family Office, which is investing through its investment arm, Aarii Ventures.
Investment Strategy and Portfolio Restrictions
The fund aims to differentiate its approach by using a proprietary framework called TechnoValue. This strategy seeks to blend traditional fundamental analysis—which evaluates a company's financial health and business model—with momentum-based management, which focuses on identifying stocks showing consistent price trends. The fund is designed to operate across a broad spectrum of market capitalizations and sectors.
Investors should note that the fund follows a specific exclusion policy. It has implemented negative screening to avoid companies involved in industries such as tobacco, liquor, gambling, meat, and leather. This restriction limits the available investment universe, which may impact performance depending on the growth cycles of the sectors that remain in the portfolio.
Leadership Background and Market Growth
The firm is co-founded by Sagar Nishar, who previously served as the Chief Investment Officer for the Kothari Family Office and was named in the Forbes 30 Under 30 Asia 2026 list. He is joined by Suyog Dhavan, who founded StrategicAlpha and is credited with developing the TechnoValue framework. Their combined background in family office management and quantitative research forms the base for the new entity's investment operations.
This launch enters a rapidly growing segment of the Indian financial market. As of March 2026, the cumulative commitments to AIFs in India have reached over ₹16.9 lakh crore. Within this, Category III funds—which often use complex trading strategies and derivatives to manage risk—have grown to command a significant share of over ₹3.14 lakh crore. These funds are typically designed for sophisticated investors and high-net-worth individuals, given the higher ticket sizes and specialized investment mandates compared to traditional mutual funds.
The success of this fund will depend on the effectiveness of its hybrid strategy in varying market cycles. Investors in such funds generally track the consistency of returns against benchmark indices and the impact of the fund's specific sector exclusions on overall performance. The next monitorable for the industry will be how these newer, niche-strategy funds perform as the broader AIF market continues to attract deeper capital participation.