New Delhi, Portfolio management firm Emkay Investment Managers Ltd (EIML) on Thursday announced the launch of an alternative investment fund, Emkay Capital Builder Fund, through which it aims to mobilize Rs 500 crore in the next 6-8 months .
The open-ended Category III Alternative Investment Fund (AIF), Emkay Capital Builder Fund, hopes to generate long-term capital appreciation for investors from a portfolio of stocks and equity-related securities. This will be a multi-cap portfolio of around 20 to 25 stocks.
"Emkay Capital Builder AIF caters to the growing preference for alternative investment funds as an investment avenue among UHNIs in India. Our bottom-up stock selection strategy will help formulate a winning AIF portfolio backed by the robust E-Qual model for mitigate risks related to quality of management," said Sachin Shah, CEO and Fund Manager at Emkay Investment Managers Ltd.
In a webinar on opportunities in AIFs, the portfolio management firm said, "EIML aims to raise Rs 500 crore from the latest AIF in the next 6-8 months."
Earlier, Emkay Investment Managers, the asset management arm of Emkay Global Financial Services, raised over Rs 450 crore from the previous four series of its closed AIFs and returned over Rs 740 crore to investors ahead of the stipulated time.
EIML has a portfolio management strategy under the name Emkay Capital Builder PMS that is similar to the AIF offering. The average market capital of the existing PMS strategy is Rs 2.7 lakh crore and about 60 per cent of the PMS portfolio is currently comprised of stocks from the financial services, pharmaceuticals and IT sectors. Currently, 70 percent of the strategy's makeup is large-cap companies.
Over the past 11 years, since its inception in April 2013, Emkay Capital Builder PMS has consistently achieved a compound annual growth rate (CAGR) of 16.75 percent.
The open-ended Category III Alternative Investment Fund (AIF), Emkay Capital Builder Fund, hopes to generate long-term capital appreciation for investors from a portfolio of stocks and equity-related securities. This will be a multi-cap portfolio of around 20 to 25 stocks.
"Emkay Capital Builder AIF caters to the growing preference for alternative investment funds as an investment avenue among UHNIs in India. Our bottom-up stock selection strategy will help formulate a winning AIF portfolio backed by the robust E-Qual model for mitigate risks related to quality of management," said Sachin Shah, CEO and Fund Manager at Emkay Investment Managers Ltd.
In a webinar on opportunities in AIFs, the portfolio management firm said, "EIML aims to raise Rs 500 crore from the latest AIF in the next 6-8 months."
Earlier, Emkay Investment Managers, the asset management arm of Emkay Global Financial Services, raised over Rs 450 crore from the previous four series of its closed AIFs and returned over Rs 740 crore to investors ahead of the stipulated time.
EIML has a portfolio management strategy under the name Emkay Capital Builder PMS that is similar to the AIF offering. The average market capital of the existing PMS strategy is Rs 2.7 lakh crore and about 60 per cent of the PMS portfolio is currently comprised of stocks from the financial services, pharmaceuticals and IT sectors. Currently, 70 percent of the strategy's makeup is large-cap companies.
Over the past 11 years, since its inception in April 2013, Emkay Capital Builder PMS has consistently achieved a compound annual growth rate (CAGR) of 16.75 percent.
