About Company
ASK Investment Managers Limited
Leading asset and wealth management firm ASK Investment Managers Ltd (ASKIM) primarily serves the HNI and UHNI markets in India. One of the first businesses in India to get a license for portfolio management services, our company is presently one of the biggest providers of discretionary equity portfolio management services. They’ve created India’s first AIF with digital client onboarding, a paperless and simple procedure, and were the first Portfolio Management Company to establish operations in GIFT city for foreign investors, among other recent industry first achievements.Their current clients include HNIs, Institutions, Pension Funds, Endowments, SWFs, Family Offices and Multi-Managers.
ASK Absolute Return Fund
Fund Snapshot
|
Fund Type |
Category III Alternative Investment Fund (AIF) |
|
Tenure |
Open-ended |
|
Investment Manager |
ASK Long-Short Fund Managers Private Limited |
|
Sponsor Commitment |
5% of the corpus or 10 crores, whichever is lower |
|
Minimum Subscription |
INR 1 crore (Individual / Non-Individual) |
|
Subscription frequency |
Month-end / Mid-month as per IM discretion |
|
Liquidity |
Monthly Redemption |
|
Exit Load |
Nil |
|
NAV Frequency |
Monthly (Last business day) |
|
Taxation |
Taxation at Marginal Maximum Rate |
Fund Overview
- The fund endeavors to deliver absolute returns over the medium term with a lower degree of volatility compared to broader Indian equity indices.
- Aims to deliver consistent risk-adjusted returns with an alpha of 100-150 bps (net of fees & tax) over liquid fixed income alternatives from a 12+ month investment horizon.
- Focus on low volatility and fewer drawdowns.
- Emphasis on capital preservation irrespective of market conditions.
- Dynamic deployment strategy taking Long & Short position in stock/indices using a combination of fundamental, technical, quantitative and derivative analysis or any other strategies to deliver a targeted risk-return matrix across market cycles.
Rely on AltPort for transparent, process-led strategies that build confidence and capital.
Risk Management Framework Monitoring of limits & Portfolio Analysis
|
Gross Exposure |
Max. 200% |
|
Long position in single security |
Max. 10% of NAV |
|
Short position in single security |
Max. 10% of NAV |
|
Max net Sector exposure |
25% of NAV or Gross/Exposure, whichever is higher |
|
Hedge |
Min. 30% |
|
Stock Level – Stop Loss limits |
10% review & 15% final limit** from Cost price |
|
Fund Level – Stop-loss limits (FY) |
10% review & 15% final limit |
|
Fund Level – Stop loss limits (Monthly) |
3% review & 6% final limit |
|
Fund Level – Stop loss limits (monthly peak to trough) |
5% review & 10% final limit |
|
Monitoring of Portfolio Liquidity on periodic basis |
Days to liquidate portfolio holdings |
|
Performance Attribution Analysis, Risk Ratios |
Monthly |
Fee Structure
Subscription amount less than INR 25 crore
|
Share Class |
A1 |
A2 |
A3 |
|
Management Fee |
- |
1.00% |
1.75% |
|
Performance Fee |
37.50% |
37.50% |
- |
|
Hurdle Rate |
HDFC Bank FD + 25 bps |
HDFC Bank FD + 25 bps |
- |
Subscription amount equal to INR 25 crore or more
|
Share Class |
A4 |
A5 |
A6 |
|
Management Fee |
- |
0.80% |
1.50% |
|
Performance Fee |
35.00% |
35.00% |
- |
|
Hurdle Rate |
HDFC Bank FD + 25 bps |
HDFC Bank FD + 25 bps |
- |
Characteristics
- High Liquidity
- Multi-strategy approach
- Portfolio diversification
- Portfolio diversification
Investment Approach
Overlay of Global and Domestic macro views
Top-Down
- Global growth—DM vs EM vs India
- Global Interest rates / Currencies / Commodities
- Flows and positioning of EM vs DM vs India
- Domestic macro
- Sector Performance
Sector & Stock view
Bottom Up
- Fundamental
- Evaluating Absolute and/or Relative Value
- Augmenting Special Situation Ideas
- Technical Overlay
- Deployment Strategy
- Portfolio Balancing
Investment Process
Overlay of global and domestic macro on portfolio deployment
- Global growth cycle projections and current performance
- Global Interest rates and Inflation
- Flows and positioning of EM
- Geopolitics and India positioning
- India earnings vs other key markets
- Relative valuations
- Sector selection based on the opportunity
Investment Process -Research backed
- Performance vs Sector
- Financial modelling earning performance/quality
- Sell-side research views
- Management interaction
- Management quality and validating earnings forecast
- Regulatory & Governance risks
- Valuations – Both relative and absolute
- Close monitoring of all events affecting stock
Portfolio Construction
Long positions
- Fundamental – Pool of stocks
- Technical / Derivatives / Catalyst Overview
- Evaluation of opportunity cost/relative value
- Special Situations / Primary market participation to augment performance
Short positions
- Minimum 30% hedge to reduce market correlation
- Fundamental – Overvalued / weak business models stocks and sectors
- Absolute and/or relative short calls
- Basket of single-stock shorts and Index puts to protect the portfolio
Align your financial goals with AltPort’s smart, structured investing framework.
The Competitive Edge of ASK
Vintage
- The key investment team has been together for the last 19 years, with extensive experience in the Long-Short space.
- Pioneered the "Alternative Investment Fund (AIF) Category III Long-Short Fund" in India, with the skill set focused on generating "Risk Adjusted Returns."
Team
A seasoned Investment team comprising of 8 members encompassing Fund management, Research and Trading
Track Record
Successfully & consistently delivered positive absolute returns with low volatility in most market scenarios
Recognition
Won multiple awards in the Hedge Fund space, garnering accolades on Global platforms.
Philosophy
Focused on innovative strategies by extensively using derivatives, with appropriate risk management framework and emphasis on capital preservation
Tailored Portfolios Crafted Around You
At AltPort, personalization is more than a promise—it’s our process. We take time to understand your risk appetite, aspirations, and financial goals before building a portfolio that reflects them. Our measurable consistency score and deep domain expertise ensure every choice is deliberate and aligned. If you want a portfolio that feels genuinely tailor-made rather than one-size-fits-all, we’re here to build it with care and precision.
Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Sunil Rohokale
Sunil Rohokale, the Managing Director and CEO of ASK Asset & Wealth Management Group since 2008 and a board member since 2012, has over 20 years of banking and finance experience, including a significant stint at ICICI Bank. His academic credentials include an engineering degree from the University of Poona and an MBA. Sunil's financial expertise and strategic vision are critical to propelling ASK Group forward, and he brings deep insights from his previous banking experiences.
Find answers to common questions about fund investments, performance, portfolio strategy, and investor services.
The fund aims to generate consistent absolute returns with lower volatility and reduced drawdowns compared to broader equity markets while focusing on capital preservation across market cycles.
The fund uses a combination of long and short positions in stocks and indices supported by fundamental research, technical analysis, quantitative models, derivatives, and macroeconomic views.
The minimum subscription amount for both individual and non-individual investors is ₹1 crore.
The fund offers monthly redemption liquidity and currently has no exit load, making it relatively flexible for investors within the AIF structure.
The fund follows a strict risk management framework with exposure limits, hedging requirements, stop-loss mechanisms, sector caps, and periodic liquidity monitoring to control downside risk.
Connect with our investment experts for personalized guidance, fund details, and support tailored to your financial needs.
Get In Touch
Disclaimer: Investing in AIF, PMS, Gift City or Mutual Fund is subject to market risk. Please read the related documents carefully. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. Actual portfolios may differ as a result of account size, client-imposed investment restrictions, the timing of client investments and market, economic, and individual company factors. We at ALTPORT do not guarantee any returns in the hands of investors, nor do we take any sort of accountability for the performance of the scheme.