Emkay launches category III Alternative Investment Funds

ANI | Updated: Oct 11, 2017 19:23 IST

Mumbai [Maharashtra], Oct. 11 (ANI): Emkay Investment Managers on Wednesday announced the launch of category III Alternative Investment Fund (AIF) with an objective to generate long-term capital appreciation for investors.

With an aim to create investment horizon for five years in the Indian equity industry, Emkay Investment Managers received an approval from Securities and Exchange Board of India (SEBI) prior to the launch.

In the last four and a half years, the Fund Management Team of EIML has generated returns at CAGR of over 25 percent.

"We are pleased to announce the launch of our first AIF which is backed by our research expertise. AIFs are at the cusp of a significant evolution in India and with its diversification, we see an attractive opportunity as a wealth creation asset for the high net worth individuals," said MD, Emkay Global Financial Services Ltd., Krishna Kumar Karwa.

Emkay Emerging Stars Fund is a five-year closed-ended fund with a fundraising commitment in the range of Rs. 200 crore to Rs. 300 crore.

The investment universe of the fund is the top 300 to 1000 companies ranked by market capitalisation.

"In the last few years, especially during 2013 to 2016, small cap and mini cap companies have delivered better return on equity and return on capital employed and also delivered better CAGR. We will be targeting these securities as the investment universe for the fund," said fund manager, Emkay Investment Managers Ltd., Sachin Shah.

However, through this fund Emkay Investment Managers intends to employ sound and smart fundamental investment strategies in the sector. (ANI)