Fund Performance
Ampersand NAV was up 4% this month, largely in line with the Nifty. This was despite our contra overweight
stance in the IT sector, which performed poorly relative to all market indices and restricted our performance
as well. As a result, we underperformed benchmark and the mid cap indices.
Our 3-month and 12-month performances have been ahead of benchmark and major market indices. Also
since inception, our fund delivered cumulative returns of 124.3%. In comparison, Nifty registered 81.3% and
Nifty Midcap 72.9%
Table 1: Fund and Market Performance
| Returns | Since Inception | 1 Month | 3 Months | 6 Months | 1 Year | 3 Year CAGR | 5 Year CAGR |
| AGOFS-I | 124.3% | -0.3% | 4.8% | -0.7% | 7.1% | 30.5% | 10.0% |
| S&P BSE 500 (Benchmark) | 75.0% | 4.5% | 1.8% | -1.5%% | 2.8% | 23.9% | 11.2% |
| NIFTY 50 | 81.3% | 4.1% | 2.3% | 0.3% | 5.6% | 22.4% | 11.0% |
| NIFTY MIDCAP 100 | 4.0% | 5.9% | 3.6% | 1.2% | 6.4% | 33.0% | 9.4% |
| AFOFS-I NAV* | 224.3 |