Monarch AIF announces launch of MNCL Capital Compounder Fund 2 and outlines strong growth path

Monarch AIF (wholly owned asset management arm of Monarch Networth Capital Ltd) has announced the launch of its third CAT-3 long only equity scheme (MNCL Capital Compounder Fund 2 or MNCL CCF 2) which is now open for subscription on private placement basis by the investors. MNCL CCF 2 is designed as a flexi cap fund with closed ended nature and Monarch AIF is targeting a fund raise in the vicinity of Rs600-700cr in the same. The term of the fund is 4 years extendable by 2 years.

Monarch AIF is currently operating a single scheme named MNCL CCF - I which was launched in August 2022 with an AUM of Rs252cr. The term of the fund is 3 years extendable by 2 years. The fund has generated solid alpha* over its benchmark since inception and current AUM stands at approx. Rs330cr. The fund was raised by MNCL on its own relationships without involving intermediaries and had participation from marquee corporate families.

Monarch AIF distinguishes itself from the competition by following a client centric & performance driven approach with investor friendly terms and competitive cost structure. Monarch AIF is excited about the solid growth prospects of the AIF industry in India and has chalked out strong growth plans in the coming years with an aim to reach an AUM of Rs3000-4000cr within next 2 years with launch of appropriate new schemes across various AIF categories.

Shares of Monarch Networth Capital Ltd was last trading in BSE at Rs. 485.75 as compared to the previous close of Rs. 496.60. The total number of shares traded during the day was 13028 in over 722 trades.

The stock hit an intraday high of Rs. 504.60 and intraday low of 482.70. The net turnover during the day was Rs. 6465676.00.

Source : Equity Bulls

Keywords

MonarchNetworthCapital INE903D01011 MonarchAIF Cat3 LongOnly EquityScheme