Mumbai: ASK Investment Managers Limited (“ASK”), one of India’s largest asset and wealth management companies, announced the closure for the Golden Decade Fund.

The long only and close-ended category III alternative investment fund (AIF) achieved a milestone of 1,000 subscribers, 87% of the investors are Individual Resident Indians. The maximum subscriptions have come from Mumbai followed by investors from Delhi and NCR.

The fund focusses on spaces where stronger growth may sustain for longer on account of sustained value transfer such as new private sector banks, speciality chemicals, consumers, etc. To attract investments from HNIs (High Net Worth Individuals) and UHNIs (Ultra High Net Worth Individuals) for long-term and consistent wealth creation, ASK has limited the scheme’s term to four years without any restrictions of a lock-in period.

Speaking on the occasion, Mr. Sunil Rohokale – MD & CEO at ASK Group said, “The Golden Decade Fund has received an immensely positive response and we continue to receive enquiries. Our strong research with disciplined investing during all market conditions and adaptation of digital technologies for a seamless, paper-free application have made HNI, UHNI, and family offices place their confidence in the fund despite volatile market conditions. It testifies to our consistent delivery of the investment objective of the fund and deep client engagement.”

Prateek Agrawal, Business Head and CIO, ASK Investing Managers, added, “We aspire to generate long-term returns for clients by investing in potentially high-growth sectors, which are likely to be India’s growth drivers in the coming years. These sectors offer substantial wealth creation opportunities for investors. We are confident that we will be successful in achieving capital preservation and appreciation over the long term.”