Emkay Investment Managers Launches Rs 500 Crore AIF to Capitalize on UHNIs

Emkay Investment Managers Ltd announces the launch of the Emkay Capital Builder Fund, an alternative investment fund aimed at mobilising Rs 500 crore within 6 to 8 months. The fund focuses on equity securities for long-term capital appreciation and caters to the growing preference for Alternative Investment Funds among UHNIs in India.

Emkay Investment Managers Ltd (EIML) announced the launch of the Emkay Capital Builder Fund, an alternative investment fund aiming to mobilise Rs 500 crore within the next 6 to 8 months.

Designed to generate long-term capital appreciation, this open-ended category III Alternative Investment Fund (AIF) will focus on a multi-cap portfolio of 20-25 stocks, primarily equity and equity-related securities. ''Alternative Investment Funds have become a preferred investment avenue among Ultra-High Net Worth Individuals (UHNIs) in India,'' said Sachin Shah, Executive Director and Fund Manager at Emkay Investment Managers Ltd. ''Our bottom-up stock-picking strategy supports a robust AIF portfolio guided by the E-Qual model to mitigate management quality risks.''

The firm aims to raise Rs 500 crore with this latest AIF in the coming 6 to 8 months. Emkay Investment Managers, part of Emkay Global Financial Services, previously raised over Rs 450 crore through its four prior close-ended AIFs, returning more than Rs 740 crore to investors ahead of schedule.