India: ASK Investment Managers launches flexicap Alternate Investment Fund

ASK Investment Managers Ltd. has launched digital onboarding for its Alternate Investment Fund (AIF), the first of its kind in the industry. The ASK Emerging Opportunities Fund, a close-ended Category-III, long-only AIF is a flexi-cap portfolio with a mid-cap bias and will invest in listed Indian equities. With the government’s focus on Atmanirbhar Bharat and PLI Schemes aimed at lowering dependence on imports and boosting exports, this fund aims to invest in beneficiaries of varied sectors such as speciality chemicals, footwear, diagnostics, niche digital technologies, among others.