AIFs which invest primarily in the listed space of equities across large, mid, small cap businesses and are allowed to employ diverse or complex trading strategies and may employ leverage through investment in listed or unlisted derivatives. This is one of the most popular and largest categories from the sellers and buyers’ perspectives as this category has maximum number of funds, as well as maximum number of investors.
Category III AIFs are further divided into Long Only and Long Short Funds. Many well-known companies with long only AIFs are Motilal Oswal, ASK, Alchemy, IIFL, Abakkus, Sage One, and so on. Some companies with Long short AIF products are Tata, Kotak, Avendus, IIFL, Edelweiss, ITI, and so on.