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The assets under management of Emkay Emerging Stars Fund has surpassed ₹200 crore since its launch in October, the company said in a release on Thursday. The new fund is a five-year close-ended equity alternate investment fund managed by Emkay Investment Managers and sponsored by Emkay Global Financial Services. Emkay Investment Managers is a portfolio management services (PMS) subsidiary of Emkay Global Financial Services, a holding company engaged in stock broking.
Correction
This report was amended on January 13, 2018, to correct the fund name from Avendus Absolute Return Fund to Emkay Emerging Stars Fund.
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