Ro Fund Management launches ‘Ro Stars of India Fund’ under Category III AIF

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The Economic Times daily newspaper is available online now. Read Today's Paper Ro Fund Management launches ‘Ro Stars of India Fund’ under Category III AIF platformBy Kshitij Anand, ETMarkets.comLast Updated: May 19, 2026, 01:50:00 PM ISTSynopsis

Mumbai-based Ro Fund Management has launched the ‘Ro Stars of India Fund’, a SEBI-registered Category III AIF focused on generating high-alpha returns through a differentiated investment approach and disciplined risk management. The fund has reportedly outperformed benchmark indices within its first month of operations.

Mumbai-based Ro Fund Management has announced the launch of the ‘Ro Stars of India Fund’, a SEBI-registered Category III Alternative Investment Fund (AIF) aimed at delivering high-alpha returns through a differentiated investment strategy backed by disciplined risk management.

The company said the fund has already demonstrated strong early momentum by outperforming benchmark indices within its first month of operations.

Ro Fund Management is a Mumbai-based asset management firm focused on alternative investment strategies. Founder Rohit Aggarwal brings more than 30 years of global investment experience, including senior roles at Oppenheimer & Co. and RAS Capital in New York.

Concentrated flexi-cap strategy

The Ro Stars of India Fund follows a curated flexi-cap strategy with a concentrated portfolio of 32 high-conviction stocks. The fund adopts a multi-advisor and multi-strategy framework, partnering with specialist managers who bring 15 to 20 years of experience across specific market-cap segments.

According to the company, this structure is designed to capture opportunities across India’s evolving growth landscape while avoiding the dilution often associated with broad-based generalist strategies.

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“After more than three decades of working in Indian equities, both in the US and here at home, I’m delighted to share that we have officially launched our AIF, the Ro Stars of India Fund,” said Rohit Aggarwal, Founder and Chief Investment Officer at Ro Fund Management.

Aggarwal said the fund has been built to deliver consistent and high-quality alpha while maintaining disciplined risk controls.

Dual-engine approach to manage volatility

To manage volatility typically associated with high-growth equity portfolios, the fund incorporates what the company calls a “Dual-Engine” strategy.

While the equity allocation focuses on high-growth sectors such as BFSI and Industrials/Capital Goods, the portfolio also includes allocations to government securities and arbitrage strategies to provide stability during periods of market correction.

The current allocation to government securities and arbitrage strategies stands at 16.42%, which the company said is intended to act as a counterbalance to equity drawdowns and help deliver a smoother long-term return profile.

The fund’s equity exposure is currently tilted toward sectors such as BFSI (19.29%) and Industrials/Capital Goods (19.23%).

Focus on low-debt, high-conviction businesses

Ro Fund Management said the launch comes at a time when Indian markets are entering a more valuation-driven phase, prompting greater emphasis on operational efficiency and balance sheet strength.

The portfolio currently has a debt-to-equity ratio of 0.26, reflecting a preference for companies with relatively low leverage.

Key holdings include Solar Industries India, Data Patterns India, and ICICI Prudential AMC, underscoring the fund’s focus on high-conviction “Make in India” businesses.

Aggarwal added that the firm aims to offer a one-stop investment solution by managing the complete investment lifecycle, including asset allocation, specialist manager selection, risk monitoring, and stock exposure limits.

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

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