Asset Mangement
At Elara Capital, we’re dedicated to compounding capital over the long term for our clients as an independent multi-investment boutique with an active management approach. Our focus on selected asset classes—equities, fixed income, and private equity—reflects our commitment to delivering exceptional investment outcomes. With a deep understanding of both Indian and global markets, our award-winning asset management offerings leverage our expertise to generate value for our investors.
| A Reliable Partner | Adding Long-Term Value |
| At Elara Capital, we prioritize developing long-term relationships with our clients. We achieve this through a combination of strong investment performance unparalleled communication and client service. | Dedicated to creating enduring value, we actively manage our client's assets and invest only when we're convinced it will yield results in the long term. By adhering to our proven investment processes, we consistently deliver repeatable performance. |
Elara Capital's asset management journey began in 2006 when we were granted a license by the Securities & Exchange Board of India (SEBI) to invest in India as a Foreign Portfolio Investor (FPI). Over time, our offerings have expanded to include:
Elara Fixed Income Fund | Elara Global Fund – Elara Emerging Markets Fund |
An open-ended USD fund that invests in fixed-income securities globally. | An open-ended USD fund that focuses on Indian equities. |
Led by a team of seasoned investment professionals, our asset management division remains agile in response to changing market dynamics, ensuring the best possible investment outcomes for our clients. We cater to a diverse clientele, including private banks, hedge funds, sovereign wealth funds, pension funds, family offices, and high-net-worth individuals.
In addition to our standard offerings, we understand that each client's needs are unique. That's why Elara Capital also offers bespoke investment solutions crafted based on specific client requirements.
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
Tel: +230 404 8800
Website: www.elaracapital.com
Address: 4th Floor, 19 Bank Street, Cybercity, Ebene 72201, Mauritius
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).
Charts and Disclaimers
For subscription and information, please contact:
Email: aminfo@elaracapital.com | Tel: +230 404 8800
Website: www.elaracapital.com
Address: 4th Floor, 19 Bank Street, Cybercity, Ebene 72201, Mauritius
