Exhilway Private Capital Market Launches Milestone Emerging Fund
Milestone Emerging Fund is the India's first e-commerce fund planned for high net worth investors.
- (1888PressRelease) May 08, 2012 - Exhilway Private Capital Market, India's only secondary market for private companies has launched India's first e-commerce fund named Milestone Emerging Fund. This fund will invest in stocks or membership units of emerging private businesses and will strive for an annual return of 30-35%. The fund will also offer capital protection along with fixed annual return of 12% per annum or 1% monthly.
Milestone Emerging Fund is also the India's first no load fund. The fund will not charge any kind of add on fee to the investor. The fund manager will lend money to emerging business on 14% monthly against adequate security and will also keep 10-15% stake in the company which he will sell when the company will approach IPO stage or will get listed. Milestone Emerging Fund will keep 2% annual income which will cover basic overheads of the fund.
The minimum investment amount for the fund is fixed at INR 30 lakhs and in multiples of INR 10 lakhs for the investment made thereafter.
Milestone Emerging Fund will collectively invest in major dotcom's like Flipkart, Babyoye, Infibeam, CandyDate Jobs, StyleAdda and Exclusively, however the addition or deletion of the companies in investment portfolio is subject to fund manager's discretion.
"In the horrible stock market scenario, these funds certainly help investors make some money. Stock exchanges do not offer capital protection and neither do they give guarantee of companies listed on them. These secondary markets on the other hand make investors feel safe and help them make twice the money they annually generate trading in stock markets without the risk of losing money," said Tushar Agarwal of Delhi based, Change Financial Markets.
The fund will raise a INR 80 crore with an green shoe option of INR 20 crore. The fund will be distributed by all leading wealth management organizations in India. The maximum sales fee for the product is kept at 3%. The fund will remain open for public subscription till July 1, 2012.
Milestone Emerging Fund will also focus on other business sectors. According to the industry insiders the product will remain favourite of high net worth investors as it is offering everything which an investor can expect from a product.
"Early investors in Facebook made 10,000% return, there are companies who may not be as powerful as Facebook but they carry a potential to generate 30-50% of annual return every year," said Purnima Agnihotri of India Infoline.
Some of the research analysts feel that the investments in emerging companies may be disastrous if not managed in the planned manner. Milestone Emerging Fund on the other hand is offering capital protection against its INR 500 crore investor protection fund.