EMKAY GLOBAL FINANCIAL SERVICES LIMITED Emkay Emerging Stars Fund, a Category III Alternative Investment Fund
A sector agnostic fund with a focus on mid and small cap companies
A 5-year close ended fund, with a draw-down structure
Fund raising commitment of INR 200-300cr
Feature of Automatic Termination post the fund gains 300% commitment amount
Emkay Emerging Stars Fund has received an approval from Securities and Exchange Board of India (SEBI) and its primary objective will be to generate long term capital appreciation for investors with an investment horizon of five years in Indian equity. In last four and half years, the Fund Management Team of EIML has generated returns at CAGR of over 25%.
Emkay Emerging Stars Fund is a five-year closed ended fund with a fundraising commitment in the range of INR 200 crore to INR 300 crore. The Investment Universe of the fund is the top 300 to 1000 companies ranked by market capitalisation. These companies will have market capitalisation between INR 500 cr. to INR 5000 cr. and have offered attractive returns historically.
On this occasion, Mr. Krishna Kumar Karwa, Managing Director, Emkay Global Financial Services Ltd said, "We are pleased to announce the launch of our first AIF which is backed by our research expertise. AIFs are at the cusp of significant evolution in India and with its diversification we see an attractive opportunity as a wealth creation asset for the high net worth individuals."
Offering a rationale, Mr. Sachin Shah, Fund Manager, Emkay Investment Managers Ltd said, "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."
Through this fund, Emkay Investment Managers Ltd will employ sound (conventional) & smart fundamental investment strategies.
About Emkay Investment Managers Limited:Emkay Investment Mangers Ltd. (EIML) is a wholly owned subsidiary of Emkay Global Financial Services Limited and is a SEBI registered Portfolio Manager since 2003. EIML offers different types of portfolio management services, catering to individual risk appetites, goals and investment preferences of individuals. The team that comprises of professional fund managers, research and wealth advisors and associates is focused on offering the clients a superior research based portfolio which effectively manages risks and optimizes returns. EIML offers highly customized & personalized advisory services to large HNIs / NRIs & Corporate Investors. Emkay's Portfolio Management Services' expertise ranges across the breadth of the Indian equities market, from blue-chip large cap funds and well-performing mid-cap funds to emerging small caps. All of EMIL's PMS strategies have consistently out-performed the index over the years, thereby building substantial wealth for its clients.
For further information, please contact:Nidhi Verma Emkay Global Financial Services Ltd +91 22 66242436 Nidhi.verma@emkayglobal.com | Jimit Harde Genesis Burson-Marsteller +91 8879330820 Jimit.Harde@bm.com |
Emkay Global Financial Services Limited published this content on 12 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 October 2017 10:44:02 UTC.
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