Subhechcha Ganguly Shares Bazaar Pvt Ltd has announced that it has received the license from the Securities andExchange Board of India to launch its Category-III alternative investment fund (AIF) called Shares Bazaar AIF. The hedge fund aims to raise a corpus of Rs. 1000 crore over the next 5 years. This move by Shares Bazaar is a step towards providing investors with access to the best investment opportunities in the market. Mr. Nanavath Bhupal Naik, Managing Director of Shares Bazaar, stated that the Shares Bazaar AIF is a strategic step that the company has taken to meet the evolving investment
needs of its clients. The fund’s investment strategy is focused on delivering superior risk- adjusted returns by investing in a diversified portfolio of long-only equities and a market-neutral strategy that allows the fund manager to use derivatives to take advantage of market opportunities. Shares Bazaar AIF is a Category-III AIF, which is an alternative investment fund that is allowed to invest in a wide range of assets and use complex investment strategies to generate higher returns. The AIF route has more potential for long-term stable returns than other investments
because of the flexibility it provides to the fund manager to use derivatives. The fund will allocate around 60% towards long-only equities with the rest 40% being assigned to a market-neutral strategy, according to a statement. Mr. Naik further added that the fund will aim to capture a significant share of the AIF industry size in India, which is currently estimated to be around Rs. 1.8 lakh crore in next 5 years. SKI Capital acted as the Merchant Banker during the registration of their Category-III AIF. According to Ghanisht Nagpal, Partner at SKI Capital, the launch of Shares Bazaar AIF is not just a significant step for the company, but also a milestone for India’s investment landscape.
The AIF industry in India has demonstrated impressive growth and resilience, showing a significant increase in commitments despite global economic challenges. This growth trajectory underpins the potential of alternative investment funds, like Shares Bazaar AIF, to offer investors a more diversified and potentially high-return investment option. CA Manish Mishra Managing Partner at Enterslice and Advisor to the Shares Bazaar AIF during the Application Process has advised investors to be cautious of unauthorised and unorganised investment advisors operating in India. This is important as there are many unauthorised and unorganised investment advisors who offer investment advice to retail investors without any regulatory supervision.
CA Manish Mishra Virtual CFO, also added that The alternative investment fund (AIF) industry in India has experienced impressive growth despite the economic slowdown caused by the Covid-19 pandemic. Commitments to AIFs in India surged to INR 6.94 trillion (USD 8.43 billion) by June 2022, representing a 42% YoY growth and over 600% growth from INR 960 billion in June 2017. Furthermore, the number of registered AIFs has nearly tripled in the last ten years,
from 346 in June 2017 to nearly 1108 as on date. This growth has led to an increase in the average size of AIFs, with higher fundraising in a typical AIF. The regulatory importance of AIFs has also increased, with the Securities and Exchange Board of India (SEBI) introducing more stringent regulations to bring greater checks and balances to the AIF ecosystem. The Shares Bazaar AIF aims to deliver a higher rate of return compared to traditional investment options by leveraging the expertise of its fund managers. The fund managers will use a quantitative approach to investment management that has been proven to generate consistent returns for investors. This approach uses advanced mathematical models to analyse data and make investment decisions based on data-driven insights.
The launch of Shares Bazaar AIF marks a significant step in the evolution of Shares Bazaar as a leading investment management company. The company has been known for its innovative investment strategies and its ability to deliver consistent returns to its investors. The company’s expertise in the equity markets combined with its focus on delivering superior risk-adjusted returns makes it a preferred investment partner for investors looking for higher returns on their
investments. You can find more information in http://www.camanishmishra.com
