Monarch Networth Capital Limited has announced the triumphant closure of its third Alternative Investment Fund, MNCL Capital Compounder Fund 2, raising Rs 729 crore from esteemed clients, including high-net-worth individuals, family offices, and corporations. This milestone showcases our ability to attract a diverse and sophisticated clientele and our dedication to providing unique and rigorous investment strategies.
Key Highlights of MNCL Capital Compounder Fund 2:
– Strong Investor Loyalty: An impressive 85% of the fund’s participants were repeat investors from our earlier funds, showcasing their faith in our proven investment approaches.
– Direct Client Relationships: Notably, 95% of the capital raised stemmed from direct client connections, underscoring the depth and strength of our relationsh ips.
Our collective Assets Under Management (AUM) stands at Rs1,000 crore plus, with plans to expand this to Rs 1,500 crore within the current fiscal year. As part of our growth strategy, we will launch a Portfolio Management Service (PMS) within this period.
“We are elated to announce the successful closure of MNCL Capital Compounder Fund 2, a clear testament to our steadfast commitment to delivering superior value to our investors. The robust participation of our clients reflects the solid relationships we’ve cultivated over the years. Our focus remains on achieving our AUM targets while introducing innovative products such as our forthcoming PMS to better serve our clients.” – Gaurav Bhandari, CEO of Monarch Networth Capital Limited.
“We extend heartfelt thanks to our investors and stakeholders for their unwavering trust and support. This successful fund closure epitomizes Monarch’s commitment to nurturing strong relationships and delivering value to all stakeholders. The performance of our previous funds underscores our meticulous approach to stock selection while managing associated risks. Monarch Networth Capital Limited continues its commitment to exceptional, long-term investment performance and its tradition of excellence in client service. Over the past four years, we have evolved from a solely retail broking firm to a fully integrated financial services company.”- Vaibhav Shah, MD of Monarch Networth Capital Limited.
Performance of Previous Funds:
MNCL Capital Compounder Fund (MNCL CCF):
– Launched in October 2020 with an initial AUM of Rs 70 crore.
– Pre-closed five months ahead of schedule, in May 2023, returning 100% of investors’ capital.
MNCL Capital Compounder Fund – I (MNCL CCF-I):
– Launched on August 23, 2022, with an initial AUM of Rs 252 crore.
– The fund continues to generate strong returns during its relatively short lifespan.
– As of April 12, 2024, the fund boasts a CAGR of 28% since inception (net of fees and expenses on a pre-tax basis).
Shares of Monarch Networth Capital Ltd was last trading in BSE at Rs. 597.55 as compared to the previous close of Rs. 594.05. The total number of shares traded during the day was 6506 in over 863 trades.
The stock hit an intraday high of Rs. 606.35 and intraday low of 583.25. The net turnover during the day was Rs. 3866679.00.