Emkay Investment Managers (EIML) has launched an AIF focused on small-caps. The company aims to raise Rs.500 crore through this fund.
Named Emkay Emerging Stars Fund- Series IV, the category III AIF is fourth in the series of 'emerging star funds'.
The fund has a one year lock-in period and comes with a flexible subscription model. "The fund enables investors to choose from three types of payment options – 100% on application, three tranches of 30-30-40% across 6 months and 10% every month for 10 months. The fund which is open for both domestic and NRI investors also offers the option for quarterly redemption post an initial lock-in period of one year," EIML said in a press release.
"The fund has been introduced at a time when the uncertainty around the pandemic is largely under control. Economic growth is likely to see an upward trajectory going forward. Our aim will be to provide superior, benchmark beating returns for our investors," said CEO, Vikaas Sachdeva.
EIM said the latest fund will invest in 20-25 emerging companies, mainly in the small-cap space. The stock selection will be based on the AIF's E-Qual model which evaluates each company on parameters like management quality, management integrity and liquidity, among others.