Karma Capital Jasmine AIF will create a concentrated portfolio of businesses, says Sheth
The newly launched Karma Capital Jasmine Alternative Investment Fund (AIF) will offer ultra-high net worth investors easy access to a portfolio of complementary businesses that can be added to their overall long-term equity portfolios, says Rajnish Girdhar, Chief Executive Officer, Karma Capital https://karmacapital.co.in/ , the Wilmington, Delaware-based owner of first open-ended AIF.
“A large proportion of the investments by domestic ultra-high net worth investors are anyways allocated to Indian equities, and with the launch of the Karma Capital Jasmine AIF we will be able to offer them easy access to a portfolio of complementary businesses that can be added to their overall long-term equity portfolios,” he said, announcing the AIF https://www.nseindia.com/ launch on 14 May in Mumbai. Karma Capital has offices in Mumbai and New Delhi.
Rushabh Sheth, Co-Founder and Co-CIO, Karma Capital, emphasized, “Karma Capital Jasmine AIF will create a concentrated portfolio of businesses https://www.nyse.com/index that are financially strong, are growing at a faster rate and the underlying business cycle is turning for the positive — but are trading at reasonable valuations due to current news or narratives around the business being negative.
“Investing in such businesses, early in the cycle in a disciplined manner, helps investors benefit from the expected earnings’ growth and a substantial re-rating in valuations,” he explained.
The open-ended AIF extends Karma Capital’s commitment to offer its differentiated equity portfolios to domestic ultra-high net worth investors and their wealth managers or investment advisors https://deutsche-boerse.com/dbg-de/ , he added.
This is a Category-III AIF that will comprise of 20–25 stocks selected across market capitalizations and is benchmarked to the BSE 500 Total Returns Index https://www.bseindia.com/ .
The minimum investment is Rs.1 crore https://www.londonstockexchange.com/ , said Karma Capital, an Indian equities investment management firm with a track record of over 17 years.
Founded in 2005, Karma Capital is a boutique portfolio management firm that provides like-minded investors and their advisors actively managed access to listed Indian equities, with an aim to deliver superior longer-term returns.
Karma Capital is responsible for managing assets of Rs.6,061 crores for institutional and individual investors spread across India, United States, Europe, and the Middle East (as on May end 2024). Fiinews.com
