Friday, Mar 29 2024 | Time 10:14 Hrs(IST)
image
Business Economy


ASK Investment Managers achieves 1,000 subscribers cap, raises over Rs 1,200 crore

Kochi, July 5 (UNI) ASK Investment Managers Limited, one of India’s largest asset and wealth management companies, has announced the closure for the Golden Decade Fund.
The long only and close-ended category III Alternative Investment Fund (AIF) achieved a milestone of 1,000 subscribers and raised over Rs 1200 crore, and 87% of the investors are Individual Resident Indians, a release said on Tuesday.
The maximum subscriptions have come from Mumbai followed by investors from Delhi and NCR.
The fund focusses on spaces where stronger growth may sustain for longer on account of sustained value transfer such as new private sector banks, speciality chemicals, consumers, etc.
To attract investments from HNIs (High Net Worth Individuals) and UHNIs (Ultra High Net Worth Individuals) for long-term and consistent wealth creation, ASK has limited the scheme’s term to four years without any restrictions of a lock-in period.
Speaking on the occasion, Mr Sunil Rohokale, MD & CEO at ASK Group said, “The Golden Decade Fund has received an immensely positive response and we continue to receive enquiries. Our strong research with disciplined investing during all market conditions and adaptation of digital technologies for a seamless, paper-free application have made HNI, UHNI, and family offices place their confidence in the fund despite volatile market conditions."
"It testifies to our consistent delivery of the investment objective of the fund and deep client engagement.”
Prateek Agrawal, Business Head and CIO, ASK Investing Managers, added “We aspire to generate long-term returns for clients by investing in potentially high-growth sectors, which are likely to be India’s growth drivers in the coming years."
"These sectors offer substantial wealth creation opportunities for investors. We are confident that we will be successful in achieving capital preservation and appreciation over the long term.”
UNI DS SHK1813
More News
India's core sector output rises to three-month high of 6 7 pc in February

India's core sector output rises to three-month high of 6 7 pc in February

28 Mar 2024 | 7:51 PM

New Delhi, Mar 28 (UNI) Driven primarily by coal, cement and crude oil production, India's core sector comprising of eight key infrastructure components grew 6.7% year-on-year in February 2024, as per data released by Ministry of Commerce and Industry on Thursday.

see more..

Honda Motorcycle & Scooter India achieves historic 6 cr domestic sales milestone

28 Mar 2024 | 7:19 PM

Mumbai, Mar 28 (UNI) Honda Motorcycle & Scooter India (HMSI) announced on Thursday that it has accomplished a historic achievement of 6 crore domestic sales in India. Honda ventured into the Indian market with its first two-wheeler, the Activa, in 2001.

see more..

28 Mar 2024 | 5:28 PM

UNI NK AKS.

see more..
Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

28 Mar 2024 | 5:16 PM

Rudrapur, Mar 28 (UNI) From power Back-up solutions to Batteries and Solar applications, Luminous Power Technologies on Thursday announced the launch of its state-of-the-art solar panel manufacturing facility here.

see more..

Kottayam-Kochi Rubber Market rates

28 Mar 2024 | 5:04 PM

Kottayam, Mar 28 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Thursday per quintal.

see more..
image