Fund Update : January 31, 2024

Fund Performance: Strong start to CY24 Ampersand fund has started well in CY24, delivering 6.6% returns in Jan. This was well ahead of most indices,including our benchmark BSE 500. Since inception, our fund has delivered 21.9% CAGR, again ahead of …

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Fund Update : December 31, 2023

Fund Performance: Continued gains, albeit at slower pace Ampersand fund continued to deliver positive returns in December but lagged other indices. This accounts fora sizable 70bps impact due to advance tax instalment outgo during the month. More significantly theperformance some …

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Fund Update : November 30, 2023

Fund Performance: Strong showing, ahead of benchmark Ampersand fund (AGOFS) NAV rose sharply by 12.4% in Nov, despite some of the large holdings (especiallyICICI) underperforming. This was ahead of benchmark (BSE 500, up 6.9%) as well as other major stock …

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Fund Update : October 31, 2023

Fund Performance: Stood out in the decline Ampersand NAV declined 1.6% in Oct, but fared better than benchmark (BSE 500, down 2.9%) as well as othermajor stock indices. Our portfolio witnessed corrections in several holdings, most of which had risen …

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Fund Update : September 30, 2023

Fund Performance: Pause after stellar showing After sustained and significant outperformance this year, Ampersand Fund lagged most indices in Sept. Thiswas due to, (1) sharp correction in select few portfolio holdings, primarily due to profit taking, (2) sizeableadvance tax outgo, …

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Fund Update : August 31, 2023

Fund Performance: Another strong showing Ampersand NAV was up 6.6% this month, well ahead of the best performing market indices. Our benchmarkBSE500 severely lagged (down 0.8%) as did the Nifty (down 2.5%). Our superior performance was aided by ahost of …

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Fund Update : July 31, 2023

Fund Performance: Superior showing yet again this month Ampersand NAV was up 5.5% this month, well ahead of the benchmark BSE500 (up 3.8%) and the Nifty (up2.9%), and broadly in line with mid cap indices. This was despite several of …

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