Chanakya Opportunities Fund, a newly established Rs 200 crore fund focusing on SMEexchange and micro-cap companies, has demonstrated remarkable success since itslaunch, delivering over a 45% return on investment within just four months.
As a SEBI registered category II alternative investment sector-agnostic fund, ChanakyaOpportunities Fund is part of the Chanakya Fund Trust launched by 25-year-oldC hartered Accountant Kresha Gupta. SEBI approved the trust in March, and the fund was officially launched in June, with Chanakya Opportunities Fund I serving as a crores ector-agnostic SME-focused fund, including a green shoe option of an additional Rs 100 crore.
In the brief span of four months since its inception, the Chanakya Opportunities Fundh as surpassed investor expectations, witnessing the net asset value surge from Rs 10 per unit to Rs 14.92 per unit.
Kresha Gupta, the founder of Chanakya Fund Trust, expressed, “It’s a remarkable feat, which speaks to the fund’s strong management and investment strategy.”
The fund allocates 51% of its investments to unlisted SME companies and 24% to listed SME companies, providing exposure to the growth potential of the SME sector while offering stability from the listed market.
The success of the fund can be attributed to strategic investments in 13 listed companies, with 12 showing positive returns. Additionally, Chanakya became an anchor investor with a Rs 10 crore investment in Plaza Wires Ltd, a cable manufacturer that was listed at a 40% premium to the IPO price and is currently trading at a 120% premium.
“Chanakya is one of the only funds in India, which is focused on SME exchange. We see a huge opportunity in this segment especially as some of the recent IPOs have been subscribed by more than 100 times in the market,” Gupta commented.
Managed by Gupta and Ankush Jain, a chartered financial analyst with over 15 years of experience in equity markets, Chanakya Opportunities Fund is the first fund of Steptrade Share Services Pvt Ltd, the sponsor of Chanakya Fund Trust. Following arobust filtration and due diligence process, the fund aims to identify the best investment ideas.
The fund targets investors with a time horizon of over one year and aims to raise capital from resident and non-resident Indians, high-net-worth individuals (HNIs), banks, accredited investors, corporates, and trusts.
Kresha Gupta, with her qualifications and experience as a Chartered Accountant, Nisam Certified Research Analyst, and expertise in various financial domains, plays a pivotal role in steering Chanakya Opportunities Fund toward its successful trajectory. Her dedication and passion for equity markets have positioned her as a proficient learner, planner, and executor in the financial landscape.
