An Alternative Investment Fund, or AIF, is a privately pooled investment vehicle registered under SEBI which collects funds from sophisticated investors, whether Indian or foreign, for investing it in accordance with a defined investment policy made for the benefit of its investors.
There are 3 categories of AIFs and the third category, a CAT III AIF, is allowed to employ diverse trading strategies. CAT III AIFs can invest in listed as well as unlisted securities.
A portfolio manager is a body corporate who, pursuant to a contract or arrangement with a client, advises or directs or undertakes on behalf of the client (whether as a discretionary portfolio manager or otherwise), the management or administration of a portfolio of securities or the funds of the client.
An AIF, on the other hand, pools funds from multiple investors into a single investment vehicle. AIFs also have greater flexibility and avenues for investing (such as taking on leverage, trading in unlisted securities and derivatives).
AIFs have far greater flexibility in investing than a regular mutual fund. This gives the investment manager a better opportunity in generating returns higher than the markets’ (i.e. alpha).
AIFs can accept investments from any sophisticated investor, whether India, foreign, or non-resident Indian.
Please note that SEBI mandates a minimum ticket size of Rs 1 crore.
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Ashika India Alpha invests only in listed companies based in India. These would mean stocks listed on NSE and BSE. The fund is sector and market cap agnostic. We invest where we see good opportunity.
Our maiden scheme, Ashika India Alpha, is an open-ended fund. Which means that an investor can invest in our fund at any time during the fund’s tenure. An investor can also exit his investment at any time (subject to minimum lock-in requirements).
Our investment method involves deep dive into few companies and follow a buy and hold approach for the long-term. We suggest investors to have a long-term time horizon of 3-5 years to see the results. Shorter time periods can be affected by market swings and overreactions.
We have a lock-in period of 3 years after which there will be no exit charge. The earliest an investor can withdraw his funds is after 18 months with an exit charge of 2%. In case of a withdrawal between 24 to 30 months, the exit charge would be 1% and in case of a withdrawal between 30 to 36 months, an exit charge of 0.5%
The investment manager will provide NAV on a monthly basis as well as quarterly and annual reports on the performance of the fund.
Please reach out to us on firstname.lastname@example.org or fill out the form at the bottom of our website. We will get back to you on further details and the necessary documentation to get started.