Asset Mangement

Elara Capital is an independent multi-investment boutique focused on long-term capital growth. We specialize in equities, fixed income, and private equity, leveraging our expertise in Indian and global markets to deliver exceptional investment outcomes.

Evolving Asset Management Solutions for Global and Indian Markets

At Elara Capital, we build long-term client relationships through strong performance, clear communication, and exceptional service. We actively manage assets, investing only when confident in long-term results, and consistently deliver repeatable performance.

Elara Capital’s asset management began in 2006 with SEBI’s approval to invest as a Foreign Portfolio Investor (FPI) in India.

Led by experienced professionals, we adapt to market changes, ensuring optimal outcomes for a diverse clientele, including private banks, hedge funds, sovereign wealth funds, pension funds, family offices, and high-net-worth individuals.

Explore our investment offerings

Elara Fixed Income Fund
The Elara Fixed Income Fund, incorporated in Bermuda, aims to generate optimal returns by investing in corporate and government debt, bonds, and other fixed-income instruments on a leveraged basis. Ideal for investors seeking to diversify portfolio risk while receiving a steady income flow without exposing themselves to substantial market and credit risk, the fund offers stability and growth potential. Managed by Elara Asset Management Ltd and administered by Apex Fund Services (Bermuda) Limited, the Elara Fixed Income Fund presents a robust investment opportunity with a focus on delivering consistent performance.

Fund Description
The Elara Fixed Income Fund employs an opportunistic strategy, unbound by specific emerging market debt indices. With broad flexibility to invest across geographies, sectors, and different emerging market segments, the fund aims to provide maximum total return while reducing volatility and drawdowns. Notably, the fund mitigates currency risk for non-USD investments. As of January 31, 2024, the fund’s Net Asset Value (NAV) increased by 4.76% to USD 2188.63.

Investor Benefits
Stable Return Profile: The fund’s strategy aims to deliver a stable return profile, minimizing the need for investors to make market timing decisions.
Diverse Opportunities: Investors benefit from the fund’s discretion to navigate the full spectrum of emerging markets fixed income opportunities, eliminating the burden of asset allocation choices within the asset class.
Enhanced Portfolio Returns: The fund’s relatively higher Sharpe Ratio allows for larger allocations to emerging markets, potentially boosting overall realized portfolio returns.

Risk and Reward Profile
Credit and Default Risk:Fluctuations in the financial health of fixed-income issuers may impact bond values.
Currency Risk:Changes in exchange rates may affect investment values.
Liquidity Risk: Certain securities may become hard to sell under difficult market conditions.
Interest Rate Risk: Interest rate changes typically affect bond prices inversely.

Fund Advantages
Proven Track Record: The fund boasts a long track record of outperformance across credit cycles.
Disciplined Investment Process: With a disciplined approach, the fund maintains a robust investment process.
Flexible Allocation: Opportunities across developed and emerging markets, as well as investment-grade and high-yield segments, are explored with flexibility.
Dynamic Portfolio Management: Active monitoring and trading ensure dynamic portfolio management.
Dedicated Execution Traders: A team of dedicated execution traders ensures optimal execution and maintains relationships with market intermediaries.

For subscription and information, please contact:
Email: aminfo@elaracapital.com
EFIF Factsheet
Elara Emerging Markets Fund

Welcome to the Elara Global Fund – Elara Emerging Markets Fund (EGF – EEMF) page, where we showcase our India-centric, open-ended fund domiciled in Mauritius and denominated in US dollars. With a focus on delivering superior returns over the long term, our fund employs a nimble approach to investing, aiming to outperform key market indices while mitigating risk. Our philosophy centres on constructing a portfolio of companies with sustainable competitive advantages, providing investors with attractive returns with lower risk exposure. Managed by Elara Asset Management and advised by AlfAccurate Advisors, our fund is backed by seasoned professionals with deep expertise in the Indian Equity spectrum.


Key Information
Currency US Dollars
Domicile Mauritius
Life Open-ended
Auditor | Administrator| Custodian KPMG | Apex Fund Services| BNP Paribas
NAV Calculated monthly
Minimum Investment USD 100,000
Entry/Exit Fee/Lock-in Period None
Subscription | Redemption Monthly | Monthly with 30 days’ notice
Management Fee 1.5% per annum, payable monthly
Performance Fee 15% with a high water mark of 7% per annum


Investment Manager

Elara Asset Management (EAM) is a private company with limited liability incorporated under the laws of Mauritius and licensed by the Financial Services Commission as a Collective Investment Scheme Manager. The company’s objective is to provide asset management services to the Funds.



Investment Advisor

AlfAccurate Advisors Pvt. Ltd. (AAA) is a leading investment advisory firm with over 10 years of experience. Headed by Mr. Rajesh Kothari, who brings over 25 years of experience within the Indian Equity spectrum, AAA is recognized for its expertise. Before AAA, Rajesh held positions as a Fund Manager with DSP Merrill Lynch Asset Mutual Fund. Recently, AAA was recognized by PMSAIF World for the best 10-year performance PMS (Rank 2).

For subscription and information, please contact:
Email: aminfo@elaracapital.com