Alchemy Capital Management on Thursday said it has launched Alchemy Smart Alpha 250 Fund, an alternative investment fund (AIF), designed to achieve long-term capital appreciation.
The AIF will predominately focus on listed large and mid-cap investments, the company said in a statement.
With a minimum investment requirement of Rs 1 crore, the fund is open to resident Indians, NRIs, accredited investors, high net-worth individuals (HNIs), Hindu undivided families (HUFs), banks, corporates, and trusts, it added.
"Alchemy Smart Alpha 250 Fund seeks to capitalise on great alpha opportunities based on an unbiased assessment of fundamental factors, along with an equally strong risk management framework to deliver consistent returns and alpha," Hiren Ved, Director & Chief Investment Officer (CIO) at Alchemy Capital Management, said.
Alchemy Capital Management, a Sebi-registered entity, provides portfolio management services.
Alok Agarwal, Head – Quant & Fund Manager, pointed out that, “Alchemy Smart Alpha 250 Fund is based on Alchemy Smart Alpha 250 - PMS strategy, which has established a strong track record since its inception. With rigorous back-testing and real-time evaluations, the Fund adapts to changing market cycles in its endeavour to generate superior risk-adjusted returns.”
