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Unicorn Fund is a SEBI-registered Category III Alternative Investment Fund (AIF) based in Ahmedabad, committed to delivering sophisticated investment strategies for high-net-worth and institutional investors. Our vision is to become a trusted alternative investment platform, delivering consistent risk-adjusted returns through following guiding principles.

more about
ABOUT US

Focused on India’s next wealth creators beyond index heavyweights.

+

Years of Experience

Cr+

of Assets Under Management

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Strengths

Why Unicorn Fund? :
Unicorn Advantages

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01

In House SME IPO Consultancy


Our seasoned team has been managing end to end SME IPO Floating process for last 7 year

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02

Short Term Tactical Calls


Our expert traders stay on their toes - spotting and capturing short-term market opportunities in real time

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03

Exhaustive network of Merchant Bankers


We enjoy a vast network of merchant bankers who lead the SME IPO process on BSE or NSE platforms, making Anchor investing much easier.

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04

Multi-asset
Strategy with no sectoral bias


Get exposure of diversified investment avenues including Listed / Unlisted Equities, Derivatives, Algorithm based strategies, G-Secs etc.

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Strategy

Diversified Investment
Buckets

Listed & Unlisted
& Equities


To be dominated by Small & Micro Caps. Curated exclusively for high risk-taking HNIs

IPOs



Focused on the SME IPO ecosystem, including Pre-IPO, Anchor, and IPO investments

Algorithmic Strategies


Algo based strategies focuses on generating returns through system driven approach.

Derivatives Strategies


Includes Hedging, Speculating and Arbitrage opportunities.

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Objective

Who Should Invest in Alternative Investment Funds (AIFs)?

✅ Who Should Invest in AIFs?

  • High Net Worth Individuals (HNIs) & Ultra-HNIs

    • Investors with surplus capital beyond core savings and emergency funds

    • Comfortable with higher risk in pursuit of higher returns

    • Able to meet the minimum investment requirement (₹1 crore)

  • Family Offices

    • Looking for portfolio diversification beyond listed equities and mutual funds

    • Interested in private markets, pre-IPO opportunities, SME IPOs, or alternative strategies

    • Focused on long-term wealth creation and capital preservation through diversification

  • Institutional & Sophisticated Investors

    • Corporates, trusts, or institutions with professional investment teams

    • Investors who can evaluate complex strategies, structures, and risks

    • Those seeking customized or niche investment exposure

  • Investors with a Medium-to-Long-Term Horizon

    • Investors who can stay invested for 3–7 years or more

    • Comfortable with lock-in periods and limited liquidity

    • Willing to allow strategies time to play out across market cycles

  • Investors Seeking Diversification & Alpha

    • Those looking to reduce reliance on traditional asset classes

    • Investors seeking alpha generation through active management, niche strategies, or under-researched segments

    • Suitable for investors who already have exposure to mutual funds, equities, real estate, etc.

❌ Who Should NOT Invest in AIFs?

  • Retail Investors with Limited Capital

    • Investors who cannot afford to block ₹1 crore or more

    • Those for whom the investment represents a significant portion of total net worth

  • Investors Seeking Guaranteed or Fixed Returns

    • AIFs do not offer capital protection or assured returns

    • Returns can be volatile and are market-dependent

  • Short-Term or Liquidity-Focused Investors

    • Investors who may need funds on short notice

    • Those uncomfortable with lock-in periods and restricted redemptions

  • First-Time Equity Investors

    • Investors with little or no experience in equity or capital markets

    • Those who have not yet built a base portfolio in traditional instruments like mutual funds or equities

  • Risk-Averse Investors

    • Investors uncomfortable with market volatility, drawdowns, or periods of underperformance

Unicorn Fund - FAQ

An Alternative Investment Fund (AIF) is a privately pooled investment vehicle that collects capital from eligible investors and invests it according to a defined investment strategy. AIFs are regulated by the Securities and Exchange Board of India under the SEBI (Alternative Investment Funds) Regulations, 2012. AIFs typically invest in opportunities beyond traditional asset classes such as mutual funds or fixed deposits and are meant for sophisticated investors who understand market risks and long-term investing.

A Category III AIF is a type of AIF that employs flexible and complex investment strategies. These funds may invest in listed and unlisted securities and may use derivatives and other permitted instruments, subject to regulatory guidelines.

Category III AIFs are designed to:
  • Actively manage portfolios across market cycles
  • Capitalize on market inefficiencies
  • Pursue risk-adjusted returns through dynamic strategies
These funds are suitable for investors with a higher risk appetite and a good understanding of capital markets.

Aspect AIF Mutual Funds PMS
Regulation SEBI (AIF Regulations) SEBI (MF Regulations) SEBI (PMS Regulations)
Minimum Investment ₹1 crore Very low ₹50 lakh
Strategy Flexibility High Limited Moderate
Investor Type HNIs / Institutions Retail investors HNIs
Portfolio Structure Pooled Pooled Individual
AIFs offer greater flexibility, exclusivity, and customization, but also involve higher risk compared to mutual funds.

Unicorn Fund does not have any lock-in period. Investors may exit their investment subject to the terms and conditions mentioned in the fund's offering documents (PPM). The absence of a lock-in provides higher liquidity compared to many traditional alternative investment structures.

Taxation of AIF investments depends on the nature of income and the applicable tax laws in force from time to time. CAT III AIFs work on fund level taxation.
  • Capital gains and other income are taxed as per prevailing tax regulations
  • Tax treatment may vary based on holding period and type of income
  • Investors are advised to consult their tax advisors for specific tax implications
This is a high-level overview and not tax advice.

The Net Asset Value (NAV) of Unicorn Fund is calculated on a weekly basis, providing investors with regular visibility into portfolio valuation.

There is no lock-in period, and investors may exit the fund as per the process and timelines specified in the offering documents.

Exit proceeds are subject to:
  • Applicable valuation
  • Settlement timelines
  • Regulatory and operational procedures

Category III AIFs are suitable for:
  • High Net Worth Individuals (HNIs)
  • Family Offices
  • Institutional and sophisticated investors
  • Investors with higher risk appetite and market understanding
They are not suitable for retail investors or those seeking guaranteed returns.

No. Investments in AIFs are subject to market risks. There is no assurance or guarantee of returns. Investors should carefully review all scheme-related documents before investing.