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Unifi High Yield

AUM ( cr) | Inc Date (1-Apr-2014)

Scheme Rating

IME Scheme Rating

4 of 5 stars

Recommend Unifi High Yield for investors that are looking for a higher yield on debt, without taking on too much higher credit or duration risk.

IME Strategy Rating

4 of 5 stars

Unifi High Yield AIF aims to generate net post tax returns of 3% over core inflation (assuming 4-5% LT inflation, 7-8% net yield) by investing in a diversified portfolio comprising performing credit bonds (high-yield bonds in the A-BBB categroies) combined with some exposures to lower-risk bonds, special situation & aribitrage opportunities and a small allocation to directional trades.

AMC Rating

5 of 5 stars

AMC: Unifi PMS (click link for detailed AMC review)

Unifi’s unique thematic investment approach and experienced in-house team have positioned them as a leading player in the PMS market, allowing them to successfully deliver consistent results across various strategies and achieve significant growth.

PMS Scheme Ratings are driven by IME’s Proprietary Scheme Rating Methodology, which takes into account our ratings of the Scheme’s investment strategy, its maturity, the investment team, and our separate rating on the AMC that runs this particular scheme. Our views on each of these individual criteria are available via the IME RMS – which you can view by reaching out to one of our relationship managers (using either the live chat or book appointment feature on this site).

Investment Strategy

Unifi High Yield Fund is a Category III AIF that combines fixed-income investments with event arbitrage strategies to generate stable, high-yield returns with capital preservation. The fund leverages opportunities across corporate credit, structured high-yield debt, and arbitrage trades​.

Core Investment Approach

Fixed-Income Portfolio with High-Yield Debt:

  • Focus on AA-rated to investment-grade debt for stable returns.
  • Hold-to-maturity (HTM) approach with selective trading for capital appreciation.
  • Seeks superior risk-adjusted yields over conventional debt instruments.

Event Arbitrage for Additional Returns:

  • Invests in opportunities arising from mergers, acquisitions, buybacks, open offers, delistings, and special dividends.
  • These low-correlation trades provide market-neutral returns, reducing portfolio volatility.

Structured Portfolio for Risk Mitigation:

  • Majority allocation to fixed-income investments ensuring stability.
  • Select exposure to structured high-yield credit and directional equity trades.
  • Active monitoring of corporate actions and market trends for dynamic allocation.

Trailing Performance

1yr 3yr 5yr Since Inception
Unifi High Yield

Performance as of: 31-Mar-25 | Inception Date: 01-Apr-14

Fund Managers

Sarath K Reddy | 5-star rated FM

CIO | 35 yrs Experience | 24 yrs at current firm

Past Experience: Navia Markets (MD), Stan C (Manager)

Having started his career with Standard Chartered Bank, Sarath founded Unifi Capital in 2001 and has since built the company into one of the leading PMS providers in India. As CIO, he works closely with his investment team to deliver outperformance on Unifi PMS strategies.

Baidik Sarkar | 4-star rated FM

Fund Manager | 18 yrs Experience | 17 yrs at current firm

Past Experience: Unifi (Corporate Finance), PWC (Strategy Consultant)

Baidik has been with Unifi for over a decade, with core responsibilities of research in the IT, real-estate and the agricultural sectors and assisting the CIO in managing the spin-off and APJ funds.

Fee Structure

Fee Structure Fee
Fixed Fee Structure
Variable Fee Structures 1% fixed + 20% over 10% hurdle (non-cumulative and monthly)
Exit Fees 2% (6 months)

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