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Blackstone-backed ASK Investment Managers has launched a new equity PMS strategy – ASK Special Opportunities Portfolio, which will focus on value investment opportunities in today’s volatile times.
This fund will invest predominantly in stocks that present special investment opportunities and capitalize on the market conditions.
The subscription window for the proposed fund will close if any of these conditions is fulfilled;
- End of fundraising window on 31 July 2025, or
- Total assets raised reach Rs. 1000 crore, or
- At the discretion of the Portfolio Manager, provided the market valuations become unfavourable or if the incremental investment opportunity diminishes
The minimum ticket size for the fund is Rs.50 lakh. BSE 500 Total Return Index (TRI) is the benchmark of the PMS.
ASK, in a press release, said that the strategy of the portfolio is market-cap agnostic and will typically comprise 15 to 30 stocks. Further, no single stock can exceed 10% of the portfolio.
Interestingly, the fund intends to return capital to investors upon the occurrence of any of the following three conditions at the discretion of the Portfolio Manager:
- Completion of 4 to 5 years of portfolio tenure
- Doubling of the portfolio value
- At the discretion of the Portfolio Manager, in situations where factors such as sharp valuation escalations, diminishing return potential, or evolving market conditions indicate that returning capital would be in the best interest of investors
George Heber Joseph, CIO & CEO (Equity), ASK Investment Managers, said, “The current market offering many value investing opportunities, where the companies have a sound track record, proven management credentials and have good growth prospects. As market volatility increases, we believe ASK Special Opportunities Portfolio will be an ideal fit for investors looking to create wealth with a horizon of 4-5 years.”
