Karma Capital, an Indian equities investment management firm has announced the launch of the Karma Capital Jasmine Alternative Investment Fund (AIF).

With this step, Karma Capital reinforces its dedication to providing unique equity portfolios to affluent domestic investors and their wealth managers or advisors. This Category-III AIF will consist of 20–25 stocks chosen across various market capitalizations, aligned with the BSE 500 Total Returns Index. The minimum investment requirement is INR 10 million (US$ 119,742).

Founded in 2005, Karma Capital is a boutique portfolio management firm that provides like-minded investors and their advisors actively managed access to listed Indian equities, to deliver superior longer-term returns. Karma Capital is responsible for managing assets of INR 60.61 billion (US$ 725.7 million) for institutional and individual investors spread across India, the USA, Europe, and the Middle East (as of May end 2024). Since its inception, Karma Capital has built credibility among its investors through its consistent investment philosophy, backed by an experienced research team that runs a disciplined, bottom-up, fundamental, and first-hand research process.