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 Index Plus Fund
Fund Snapshot
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Nature of the Fund |
Category III (AIF) Open-ended |
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Investment Manager |
ASK Long Short Fund Manager Pvt. Ltd. |
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Sponsor Commitment |
5% of the corpus or 10 crores, whichever is lower |
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Minimum Investment |
INR 1 crore (Individual / Non-Individual) |
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Subscription Frequency |
Month-end / Mid-month (as per IM discretion) |
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Redemption Frequency | Exit Load |
Monthly (at month end) Exit load - 1% for redemption within 12 months |
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NAV frequency |
Month-end / Mid-month (as per IM discretion) |
Fee Structure
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Horizon |
Option I |
Option II |
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Management Fee |
Management Fee |
Performance Fee |
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INR 1 to 5 Crs |
2.00% |
0.50% |
20% |
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INR 5 to 10 Crs |
1.75% |
0.50% |
18% |
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INR Amt > 10 crs |
1.50% |
0.40% |
15% |
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Fund positioning
An ideal alternative for investors with allocations to passive large-cap index funds and ETFs as well as large Cap oriented active Funds. This fund overlays a Quantitative long- short edge on long-only factor investing. Designed to achieve reduced drawdowns and lower correlation to the benchmark, while outperforming the Nifty. The target is to generate an average net alpha (post fees and tax) of ~3% over the Nifty 50 Index on an annualized basis.
The strategy aims to generate superior risk-adjusted returns over Nifty with reduced drawdowns and lower correlation to Benchmark.
Unlock smarter portfolio performance with AltPort’s analytical and disciplined approach.
Long-Only Portfolio
- Multi-factor Index model
- Provides Equity exposure
- Up to 100% long-only exposure
Active Long-Short Portfolio
- Rule-based approach with uncorrelated strategies.
- Provides active alpha.
- Up to 100% long-short exposure
Index Plus Fund
- Intends to outperform benchmark across a market cycle
- Better risk-adjusted performance
- Equity upside with better downside mitigation
Portfolio construct
- ~ 15% of the capital is allocated to take levered exposure in the portfolio through index derivatives, with a primary emphasis on the Nifty 50 Index, Bank Nifty Index, Nifty Midcap Select Index, Sensex Index, and Nifty Financial Services.
- Exposures range from -100% to +100%
- Employs a trend-following strategy, utilizing uncorrelated systematic models for portfolio construction.
Quant Long-Short Portfolio Construction
Combine up to 25 diversified strategies, which are a mix of momentum, mean-reversion and pattern recognition with varying trade duration (i.e., holding periods) and different lookback periods (ranging from 2 to 200 days)
- Mix of Active/Passive Trend-Following Models
- Objective: To capture short- and medium-term trends in underlying equity markets
- Description: Long and short positions on listed liquid equity indices, mainly using futures
- Data Used: Price and price derivatives
- Risk control: Different signals across time frames, with defined stop losses
- Average trade duration: 8-12 days
- Average gross exposure: 40-50%
- Average net exposure: 15-20%
Long-short portfolio construction process
STEP 01 >100 models
- Testing more than 100 models based on idea generation from Proprietary research as well as global academic journals and working papers
- Models are based on momentum, pattern recognition & mean reversion
STEP 02 ~30 - 50 models
Eliminate models:
- Lacks global consistency
- Fail to perform in liquid markets
- Highly correlated returns
- Highly correlated losses
Include models:
- Time Diversification
STEP 03 25 models
- Optimize to maximize MAR Ratio (MAR=Annualized Returns/Max Drawdown)
- Models have in-built stop-loss limits
Semi-Annual Review and Inclusion of New Research.
Avail Precision-Led Portfolio Building
At AltPort, we don’t believe in shortcuts. Our seasoned experts bring cycle-tested experience, a rigorous selection process, and a commitment to scrutinizing every opportunity. We craft portfolios that genuinely align with your goals, not generic templates. Whether the markets stay calm or turn unpredictable, we guide you with clarity and discipline. If you want a portfolio built with purpose and consistency, we’re here to lead the way.
Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Sameer Dev
Sameer joined ASK Capital Management in 2016 and has over 30 years of experience in the Global Asset Management industry. Responsible for implementing the international growth strategy for ASK’s product offerings, he serves as a Member of the Board for ASK Capital Management Pte Limited and ASK Real Estate Fund vehicles domiciled in Singapore. Sameer’s previous experience includes leadership roles at Deutsche Asset Management, Principal Global Investors and Franklin Templeton in Singapore and Hong Kong. Sameer has a Bachelor’s Degree in Advanced Accountancy & Economics from Pune University.
Find answers to common questions about fund investments, performance, portfolio strategy, and investor services.
ASK Index Plus Fund is an open-ended Category III AIF that combines long-only factor investing with quantitative long-short strategies to aim for better risk-adjusted returns than traditional index investing.
The fund combines passive equity exposure with systematic long-short strategies based on momentum, mean reversion, and pattern recognition models to generate additional alpha over the Nifty 50 Index.
This strategy may suit sophisticated investors looking for an alternative to traditional large-cap index funds or ETFs, especially those seeking lower drawdowns and improved downside management.
The minimum investment amount in the fund is ₹1 crore for both individual and non-individual investors.
ASK Long Short Fund Manager Pvt. Ltd. uses diversified quantitative models, controlled gross and net exposure limits, defined stop-loss mechanisms, and multiple uncorrelated strategies to manage volatility and downside risks.
Connect with our investment experts for personalized guidance, fund details, and support tailored to your financial needs.
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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.