A 25-year-old CA, formed Chanakya Opportunities Fund, a freshly established fund with a capital of Rs. 200 crore, is creating significant ripples in the financial scene by focusing on SME exchange and micro-cap enterprises.
Reetu | Nov 20, 2023 |
Young CA Launched Alternative Investment Venture; ROI of more than 45% registered within a few Months of Launch
Ms. Kresha Gupta, a 25-year-old Chartered Accountant, formed Chanakya Opportunities Fund, a freshly established fund with a capital of Rs. 200 crore, is creating significant ripples in the financial scene by focusing on SME exchange and micro-cap enterprises.
The fund has achieved exceptional success in just four months, providing an astonishing 45% return on investment. The trust was established in April 2023.
Chanakya Fund Trust AIF is a privately pooled investment vehicle that allows Indian and foreign investors to profit from a defined investment philosophy. Our primary focus is on investing in unlisted SMEs securities or SMEs securities that are listed or intended to be listed on a SME exchange or SME sector of an exchange.
The trust is sector-agnostic and seeks to identify and invest in the greatest prospects to meet our investment goal. Their primary goal as a Category II AIF-SME Fund is to structure, manage, and dispose of investments in Portfolio Entities in compliance with the Regulations. Chanakya Fund approaches Finance, Business, and Corporate Laws holistically.
The Chanakya Opportunities Fund has outperformed investor expectations in the four months since its establishment, with the net asset value rising from Rs. 10 per unit to Rs. 14.92 per unit.
Kresha Gupta, the founder of Chanakya Fund Trust, said , “It’s a remarkable feat, which speaks to the fund’s strong management and investment strategy.”
The fund carefully allocated 51% of its investments to unlisted SMEs and 24% to listed SMEs, providing exposure to the SME sector’s development potential while providing stability from the listed market.
The fund’s success can be ascribed to judicious investments in 13 publicly traded firms, with 12 producing positive returns. Notably, with a Rs. 10 crore investment in Plaza Wires Ltd, a cable producer that was listed at a 40% premium to the IPO price and is now trading at a 120% premium, Chanakya became an anchor investor.
“Chanakya is one of India’s only funds dedicated to SME exchange. We see a huge opportunity in this segment, especially given that some recent IPOs have been subscribed to more than 100 times in the market,” Gupta said.
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