Chanakya Fund Trust gets SEBI's nod for Category II-Alternative Investment Fund (AIF)

Ahmedabad: - Chanakya Fund Trust, said it has received approval from the Securities and Exchange Board of India (SEBI) to launch a Category 2 Alternative Investment Fund (AIF). Ace Share Services Private Limited is the Investment Manager and Sponsor of the said Trust. CA Kresha Gupta and Mr. Ankush Kumar Jain, CFA are part of the key Investment Team for Chanakya Fund Trust.

The sector-agnostic Trust said it is planning to build a war chest in the coming months to invest in SME Listed Profitable companies with high potential opportunities in unorganized sectors. The approval of the fund is awaited from SEBI, however the fund will consider investments in both technology-enabled companies and a broader consumption theme.

Emphasising investors’ trust in SME Listed Companies, CA Kresha Gupta, Director of Ace Share Services Limited, said that the enthusiasm for capital support to Companies listed on the SME Exchange is growing.

CFA Ankush Kumar Jain, Director of Ace Share Services Limited said “We are gearing to launch the AIF and see it as a strong force that will fuel SME Companies with the combined energies, support and capital from our growing network of investors.”

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