B N Rathi Securities Limited announces the launch of its cat III AIF - B-FLY India Opportunities Fund through its subsidiary Company B- Fly Asset Manager LLP.
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B.N. Rathi Securities Ltd (BNRSL) has announced the launch of its Category III Alternative Investment Fund called B-Fly India Alternate Opportunities Fund, operated through its subsidiary B-Fly Asset Manager LLP. The fund was originally launched in September 2024 and has already reached an AUM of about ₹30 crore. The Hyderabad-based broker, listed on BSE and serving over 60,000 depository accounts, is using the fund to deepen its presence in alternate investments alongside its recently started Portfolio Management Services (PMS), which crossed ₹5 crore AUM since launching in April 2025. The company's MD and ED said the fund will leverage BNRSL's research and technology to create long-term wealth for clients.
Diversifies BNRSL's revenue beyond traditional broking into higher-margin alternate investment products, which could support long-term earnings growth. However, the absolute AUM size (₹30 crore in the AIF and ₹5 crore in PMS) remains very small, so near-term impact on stock price or financials is likely limited.