Successful pre-closure of MNCL Capital Compounder Fund

Monarch AIF (wholly owned asset management arm of Monarch Networth Capital Ltd) has announced the successful pre closure of its maiden CAT-3 long only equity scheme (MNCL Capital Compounder Fund - MNCL CCF) has been completed in May 2023 and 100% of capital has been returned to the investors with attractive pre-tax CAGR returns of 23.5%* generated during the life of the fund.

MNCL CCF was launched by Monarch AIF as its maiden scheme in October 2020 with an AUM of Rs 70 cr. The term of the fund was 3 years but in the best interest of investors and all stakeholders, Monarch AIF pre-closed the MNCL CCF scheme five months before scheduled closure and returned 100% of investors capital in May 2023. The fund generated a pre-tax CAGR of 23.5%* during its life (post all fees and expenses). The fund was raised by MNCL on its own relationships without involving intermediaries and had participation from marquee corporate families.

Monarch AIF is currently operating a single scheme named MNCL CCF - I which was launched in August 2022 with an AUM of Rs 252 cr. The term of the fund is 3 years extendable by 2 years. The fund has generated solid alpha** over its benchmark in its short lifespan. The fund too was raised by MNCL on its own relationships.

Shares of Monarch Networth Capital Ltd was last trading in BSE at Rs. 211.05 as compared to the previous close of Rs. 207.50. The total number of shares traded during the day was 287 in over 26 trades.

The stock hit an intraday high of Rs. 215.00 and intraday low of 207.75. The net turnover during the day was Rs. 61315.00.

Source : Equity Bulls

Keywords

MonarchNetworthCapital INE903D01011 MonarchAIF PreClosure CAT3 LongOnly EquityScheme