India: Karma Capital looks to raise $51.4m for debut alternative investment fund

India: Karma Capital looks to raise $51.4m for debut alternative investment fund

Photo by Josh Appel on Unsplash

India’s equity-led portfolio management services firm Karma Capital is targeting to raise Rs400 crore ($51.4 million) for its debut alternative investment fund (AIF), as it looks to cash in on opportunities in the current market scenario where valuations have become attractive.