Team

About Fund Manager   
Mr. Abhisar Jain, CFA

Abhisar Jain is the Head and Fund Manager of Monarch AIF. He has completed his MBA in Finance from SP Jain Centre of Global Management and is a CFA charter holder (US). He has been awarded the prestigious 40 under 40 Alternative Investment Professionals in India 2022 award by Equalifi. He has more than 16 years of experience in the equity markets, specializing in equity research and a niche in identifying high-quality businesses. He joined Monarch in 2019 and was instrumental in setting up the AIF division from scratch and subsequently scaling it up to its current AUM of Rs1000cr. He has previously worked with Centrum Broking Limited as a lead analyst for Metals & allied sectors on the institutional equity business and was associated with it between 2011 and 2019.

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Abhisar Jain - Head and Fund Manager of Monarch AIF

Team of Analysts

Toufique Virani - Research Analyst at MNCL

Toufique 
Virani

Devesh Kayal - MNCL AIF Analyst

Gautam 
Gosar

Shrishti Jain - Research Analyst at MNCL

Srishti 
Jain

Heta Vora - Research Analyst at MNCL

Heta 
Vora

What Makes Us Different from Typical Mutual Funds and 
Portfolio Management Services?

Strategic ConcentrationStrategic Concentration

Strategic 
Concentration

Our portfolio is strategically condensed, comprising only 20-25 carefully selected stocks. This deliberate focus ensures optimal management and heightened scrutiny.
Unearthed OpportunityUnearthed Opportunity

Unearthed 
Opportunities

We specialize in under-owned and under-researched stocks, presenting original ideas without compromising on quality. Our emphasis on entry valuations ensures a robust margin of safety.
Closed-Ended PrecisionClosed-Ended Precision

Closed-Ended 
Precision

Operating as a closed-ended fund, our exclusive focus lies on fund performance and avoiding excessive marketing activities and avoiding unwanted AUM build up. This approach aligns with our commitment to deliver substantial value.
Transparent Fee StructureTransparent Fee

Transparent 
Fee Structure

We adhere to a low fixed fee structure with no entry or exit loads, offering transparency and simplicity in our fee arrangements.
Stakeholder AlignmentInvolvement Of Sponsors and Stakeholders

Stakeholder 
Alignment

Our commitment is exemplified by the meaningful involvement of sponsors and stakeholders, fostering a shared commitment to success.
Performance-Linked FeesPerformance Linked Fees

Performance-Linked 
Fees

Our fee structure is intricately tied to performance, reflecting our dedication to delivering tangible results and aligning our interests with those of our investors.
Safety-Focused StrategySafety Focused Strategy

Safety-Focused 
Strategy

With a high emphasis on low volatility and safety, our investment strategy is crafted to preserve capital and provide a secure foundation for growth.
Strategically Framing Of TimeStrategic Time Frame

Strategic 
Time frame

Guided by a medium-term perspective, our fund is structured with a core term of four years, extendable by an additional two years. This aligns seamlessly with our dedication to fostering sustained and meticulously calculated growth.

Connect with Monarch Networth Capital Limited

For inquiries or assistance related to our financial services, feel free to reach out to our dedicated team.
We are committed to providing prompt and reliable support. You can write to us at monarchaif@mnclgroup.com
Your financial success is our priority, and we look forward to assisting you in your journey.

Ahmedabad Corporate Office:
Monarch House,
Opp. Prahladbhai Patel Garden,
Near Ishwar Bhuvan,
Commerce Six Road,
Navrangpura, Ahmedabad-380009
Mumbai Corporate Office :
Monarch Networth Capital Limited,
G Block, Laxmi Tower,
B Wing, 4th Floor,
Bandra Kurla Complex,
Bandra East, Mumbai – 400051.
Registered office :
Unit No. 803-804A,
8th Floor, X-Change Plaza,
Block No. 53, Zone 5,
Road-5E, Gift City,
Gandhinagar - 382050, Gujarat
Contact No. : +91-22-66476400 / 43211800 / 62021600

Lets Connect!

FAQ's

What is an Alternative Investment Fund (AIF)?

An Alternative Investment Fund (AIF) stands as a discrete investment vehicle forged within India. Tailored for sophisticated investors, both domestic and international, it serves as a clandestine reservoir, gathering financial resources and channeling them strategically in alignment with a meticulously crafted investment policy. The ultimate aim is to yield lucrative returns for its discerning group of investors.

What are the types of alternative investment funds?

Alternative Investment Funds (AIFs) offer a spectrum of strategic avenues, with applicants vying for registration falling into distinct categories:

  • Category I AIFs:
    These entities focus on investments in socially and economically advantageous sectors, such as Venture Capital funds (including Angel Funds), SME Funds, Social Venture Funds, and Infrastructure funds endorsed by governmental or regulatory bodies.
  • Category II AIFs:
    Encompassing a diverse array, Category II AIFs delve into realms like real estate funds, private equity funds (PE funds), and funds specializing in distressed assets, exhibiting a versatile approach to investment.
  • Category III AIFs:
    Pioneering multi-asset class strategies, Category III AIFs employ a spectrum of investing and trading strategies in line with their articulated investment policy. These funds may also venture into leveraging within the prescribed limits set by SEBI. For example, Monarch AIF adeptly manages a Category III AIF, strategically navigating investments in listed equity.

Who can offer AIF management services in India?

AIF management services can only be offered by SEBI-registered entities under the SEBI (Alternative Investment Funds) Regulations of 2012.

What is the minimum or maximum investment in AIFs?

The statutory minimum investment stands at Rs 1,00,00,000/- (Rupees One Crore). Additional investments can be injected in increments of Rs. 1,00,000/- on any stipulated dealing date outlined in the offer document. However, should the investor be classified as an employee or director of the AIF or the Manager, the minimum investment bar is set at 25,00,000/- (Rupees Twenty-Five Lakh).

In contrast, no upper ceiling on investments exists within an AIF. The dimensions of the fund and the inflow of subscriptions (for closed-ended funds) dictate the pinnacle of permissible investment, reflecting a dynamic landscape responsive to the fund's size and market interest.

What returns can I expect from an AIF?

In accordance with SEBI regulations, it is imperative to emphasize that we cannot assure specific rates of return. Nevertheless, the primary investment objective of any AIF Manager is to consistently surpass the performance benchmarks, exemplified by indices such as NIFTY 500 TRI. This commitment underscores our dedication to achieving superior financial outcomes while adhering to regulatory standards.

As a Monarch AIF investor, what is the expected time horizon I need to bear in mind?

Our funds are structured as closed-ended vehicles, featuring an initial lock-in period of 18 months and an overall term of three years. The extension of this term by an additional two years is contingent upon obtaining prior consent from a two-thirds majority of contributors. This framework aligns with our commitment to transparency and ensures the flexibility required for strategic decision-making in the best interest of our investors.

How often can I view my NAV, positions, and transactions in my account?

The Net Asset Value (NAV) is computed on a monthly basis. Our Fund Management team is committed to transparency and responsiveness, providing investors with comprehensive information upon request. This includes detailed insights into asset allocation, return attribution, top holdings, and liquidity. This practice reflects our dedication to fostering a clear and communicative relationship with our valued investors.

What is my tax liability under the AIF?

Tax obligations are settled at the fund level, ensuring returns to clients are post-tax. Profits within the AIF are subjected to prevailing capital gains tax rates for equity and market-linked instruments. For income stemming from other sources like interest, dividends, processing fees, etc., taxation is levied at Maximum Marginal Rates. As a prudent measure, we strongly advise consulting with your tax consultant before considering an investment in the AIF, ensuring alignment with your individual tax considerations and objectives.

What is the fee structure under the AIF scheme?

Monarch AIF’s fee structure includes:

  • No set-up fee
  • No exit load (though there is an 18-month lock-in period)
  • Operating expenses not exceeding 0.50% p.a. of net asset value
  • Fixed management fee charged annually
  • Performance fee, charged only if the hurdle rate is crossed and billed annually

Who is eligible to invest in AIF?

Any sophisticated investor, whether Indian, foreign, or non-resident Indian, is eligible to invest in an AIF, contingent upon possessing the requisite funds for investment. Eligible investor categories encompass Resident Individuals, Hindu Undivided Families (HUF), Body Corporates (Private/Public), Trusts, Partnership Firms, and other qualified entities. This inclusive framework underscores our commitment to providing investment opportunities to a diverse range of discerning investors.

Are Joint Contributors allowed in AIF?

Certainly, the Fund is open to Joint Contributors for investments, with a minimum threshold of Rs. 1,00,00,000/- (Rupees One Crore). Joint Contributors may consist of an investor and their spouse, an investor and their parent, and/or an investor and their daughter/son. However, it's important to note that no more than two persons can jointly contribute to the Fund.

For any inquiries specific to the fund, please feel free to contact us at monarchaif@mnclgroup.com. We are dedicated to assisting you on your investment journey and addressing any questions you may have.

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Investor Announcements

Name of the Company has changed from Networth Stock Broking Limited to Monarch Networth Capital Limited upon Certification of Incorporation received from Registrar of Companies, Mumbai vide certificate dated 13th October, 2015.

    • KYC is one time exercise while dealing in securities markets-once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), You need not undergo the same process again when you approach another intermediary.
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    • Prevent Unauthorized Transactions in your demat account - > Update your Mobile Number with your Depository Participant. Receive alert on your Registered Mobile for All Debit and other important transactions. In your demat account directly from depository on the same day.
    • Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
    • Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
    • Pay 20% upfront margin of the transaction value to trade in cash market segment.
    • Investors may please refer to the Exchange’s Frequently Asked Questions (FAQ's) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
    • Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. Issued in the interest of Investors

    If you are not satisfied with the resolution provided, you can lodge your complaint online at: https://scores.sebi.gov.in/link

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    In case of grievance client can log on to the SMART ODR Portal, if they are unsatisfied with the response provided by us. Your attention is drawn to the SEBI circular no. SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/131 dated July 31, 2023, on “Online Resolution of Disputes in the Indian Securities Market”.

    Download Pdf

  • Purchase of REs only gives buyer the right to participate in the ongoing Rights Issue of the concerned company by making an application with requisite application money or renounce the REs before the issue closes. REs which are neither subscribed by making an application with requisite application money nor renounced, on or before the Issue closing date shall lapse and shall be extinguished after the Issue closing date. Please check your dp account for further details.

  • Please do not share your online trading password with anyone as this could weaken the security of your account and lead to unauthorized trades or losses.
    Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014

    Registered Address

    Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat

    Corporate Address

    Ahmedabad

    “Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad - 380009

    Mumbai

    Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.

    Contact Details

    Tel:079-26666500 / 6600500
    Email:helpdesk@mnclgroup.com
    Grievances:grievances@mnclgroup.com
    NPS Email ID:nps@mnclgroup.com
    Email ID:reachus@mnclgroup.com
    IPO:ipo@mnclgroup.com
    Compliance Officer:Nikhil Parikh (Click to view details)
    Compliance Email:compliance@mnclgroup.com
    Compliance Tel:+91-79-26666768

    “Filing of complaints on SCORES – Easy & quick
    (Link is given in our useful link option on our website)

    • A. Register on SCORES portal
    • B. Mandatory details for filing complaints on SCORES:
      • I. Name, PAN, Address, Mobile Number, Email ID
    • C. Benefits
      • I. Effective communication
      • II. Speedy redressal of the grievances

    Email for Grievance: grievances@mnclgroup.com

    CLIENT BANK ACCOUNT DETAILS

    Investors are requested to note that Stock broker (Monarch Networth Capital Ltd) is permitted to receive money from investors through designated bank accounts only named as Up streaming Client Nodal Bank Account (USCNBA). Stock broker (Monarch Networth Capital Ltd) is also required to disclose these USCNB accounts to Stock Exchange. Hence, you are requested to use following USCNB accounts only (Click to View) for the purpose of dealings in your trading account with us. The details of these USCNB accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker".

    Registered Numbers

    SEBI Registration No:INZ000008037
    NSE Member ID:06386
    BSE: Member ID :197
    MCX: Member ID :10585
    Date of Admission:28/02/2004
    NCDEX: Member ID :00011
    MSEI Member Code :84251
    Date of Admission:06/12/2003
    CDSL-DP ID:35000
    NSDL-DP ID:IN303052
    SEBI Reg (DP):IN-DP-278-2016
  • Complete name of entity registered with SEBI as Portfolio Manager:Monarch Networth Capital Limited
    Type of Registration (Individual, Non-Individual):Non-Individual
    PMS Registration No.:INP000006059
    Corporate Identification No.:L64990GJ1993PLC120014
    Principal Place of Business:301-302, 3rd Floor, Arunachal Building, Barakhamba Road, New Delhi - 110001
    Registered Office Address:Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar, Gujarat, India, 382050
    Corresponding SEBI regional/local office Address:8th floor, Plate B, Tower 1, NBCC Complex, East Kidwai Nagar, New Delhi – 110023

    Contact Details

    Principal Officer:Md Shaukat Ali
    Email:shaukat.ali@mnclgroup.com
    Contact No.:011-40851303
    Compliance Officer:Ms. Bhumika Gowda
    Email ID:pms.compliance@mnclgroup.com
    Contact No.:011-40851312

    Mechanism for addressing grievances and information about SCORES.

    Contacts for Investor Grievance

    pms.grievance@mnclgroup.com

  • Fund Name:Monarch AIF
    Category of AIF :Category III
    AIF Registration number :IN/AIF3/20-21/0787
    Registration Date :April 23, 2020
    Registered Office Address :Laxmi Tower, B Wing, 4th Floor, G Block, Bandra Kurla Complex, Bandra East, Mumbai 400051

    Contact Details

    Fund Manager:Mr. Abhisar Jain
    Email :abhisar.jain@mnclgroup.com
    Phone :+91 22 66746425
    Compliance Officer:Ms. Bhumika Gowda
    Email :AIFcompliance@mnclgroup.com
    Phone :+91 22 66746424

    Gift City AIF Disclaimer

    Monarch Networth Capital IFSC Private Limited (Wholly owned subsidiary of Monarch Networth Capital Limited) is a Registered Fund Management Entity (Retail) having Registration No: IFSCA/FME/III/2025-26/169. Monarch India Growth Fund will be an open-ended Restricted Scheme (Non-Retail) construed as a Category III AIF under the IFSCA (Fund Management) Regulations, 2025. Monarch AIF is a Category III AIF having SEBI Registration No. IN/AIF3/20-21/0787. This material is for informational purposes only and is not intended as an offer or solicitation or investment advice to buy or sell securities. Investments are subject to market risks. The offering is made only through official scheme documents to eligible investors under GIFT IFSC regulations. Investors should read all documents carefully and consult their advisors before investing.

  • Complete name of entity registered with SEBI as Merchant Banker:Monarch Networth Capital Limited
    Type of Registration (Individual, Non-Individual):Non-Individual
    MB Registration No.:INM000011013
    Corporate Identification Number:L64990GJ1993PLC120014
    Principal Place of Business:4th FLoor, B Wing, Laxmi Tower, Bandra Kurla Complex, Bandra East, Mumbai-400051
    Registered office address:Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar, Gujarat, India, 382050

    Contact Details

    Compliance Officer:Mr.Jayesh Bhagwat
    Contact No.:(022) 66476400
    Email for Regulatory Communication:mbdcompliance@mnclgroup.com

    Mechanism for addressing grievances and information about SCORES.

    Contacts for Investor Grievance

    mbd@mnclgroup.com

  • Complete name of entity registered with SEBI as Research Analysts :Monarch Networth Capital Limited
    Type of Registration (Individual, Non-Individual):Non-Individual
    RA Registration No.:INH000000644
    BSE Enlistment No.:5039
    Corporate Identification Number: L64990GJ1993PLC120014

    Contact Details

    Registered office address: Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar, Gujarat, India, 382050
    Principal Place of Business: 4th FLoor, B Wing, Laxmi Tower, Bandra Kurla Complex, Bandra East, Mumbai-400051
    Principal Officer: Sahil Sanghvi
    Email address:sahil.sanghvi@mnclgroup.com
    Compliance Officer: Nikhil Parikh
    Email address:racompliance@mnclgroup.com
    Telephone no.: +91-79-26666768
    Contacts for Investor Grievance: ragrievance@mnclgroup.com
  • Complete name of entity registered with SEBI as Investment Adviser : Monarch Networth Investment Advisors Private Limited
    Type of Registration (Individual, Non-Individual) :Non-Individual
    IA Registration No.: INA000005721
    BSE Enlistment No.:2005
    Validity of registration : Perpetual
    Corporate Identification Number : U74140GJ2007PTC052348
    Registered office address : Monarch House, Nr. Ishwar Bhuwan Cross Road, Nr. Commerce Six Road, Navrangpura, AHMEDABAD, GUJARAT, 380009
    Corresponding SEBI Office address: SEBI Bhavan, Western Regional Office, Panchvati 1st Lane, Gulbai Tekra Road, Ahmedabad - 380006, Gujarat

    Contact Details

    Compliance Officer : Ankita Sudhir Madhwani
    Email address : iacompliance@mnclgroup.com
    Telephone no. : +91 22-66476405
    Registration granted by SEBI, enlistment of IA with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

  • AMC's Empanelled

    AMFI Registered Mutual Fund Distributor - ARN-8812

    Regulatory Details

    Complete name of entity registered with SEBI as : Monarch Networth Capital Limited
    AMFI Registration No. :8812
    Validity of ARN: 29-03-2028
    Registered Office address:Office No 901/902, 9Th Floor, Atlanta Centre, Opp Udyog Bhavan, Sonawala Road Goregaon East, MUMBAI, MA- 400063
    Corporate Office and Principal Place of Business : Monarch House, Nr. Ishwar Bhuwan Cross Road, Nr. Commerce Six Road, Navrangpura, AHMEDABAD, GUJARAT, 380009

    Contact Details

    Email address : mutualfund@mnclgroup.com
    Telephone no. :079-66000790
    Compliance Officer : Nikhil Parikh
    Compliance Email : compliance@mnclgroup.com
    Compliance Tel :079-26666768

    Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.

  • Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014

    For Broking and Demat Related Queries

    Call on this number +91-79-26666768
    For any queries related to broking please contact helpdesk@mnclgroup.com
    Escalation Matrix

    Monarch Networth Capital Limited

    Registered Address

    Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat

    Corporate Address

    Ahmedabad

    “Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad – 380009

    Mumbai

    Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.

    Contact Details

    “Filing of complaints on SCORES – Easy & quick
    (Link is given in our useful link option on our website)

    • A. Register on SCORES portal
    • B. Mandatory details for filing complaints on SCORES:
      • I. Name, PAN, Address, Mobile Number, Email ID
    • C. Benefits
      • I. Effective communication
      • II. Speedy redressal of the grievances

    Email for Grievance: cs@mnclgroup.com

    Company Secretary & Compliance Officer

    (As per LODR Regulations and Companies Act, 2013)

    Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances :
    Mr. Nitesh Tanwar : 022 - 66476400 / 66476405

    Listing of Equity Shares on Stock Exchange at

    BSE

    Add :Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001
    Scrip Id :Monarch Scrip Code : 511551

    NSE

    Add :Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai – 400 051.
    Scrip Id :Monarch Scrip Code : MONARCH

    Demat ISIN Numbers in NSDL & CDSL for

    Equity Shares:INE903D01011

    REGISTRAR AND SHARE TRANSFER AGENT

    MUFG Intime India Private Limited

    (Formerly known as Link Intime India Private Limited)

    Add:C 101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083
    Tel:(0) 810 811 6767
    Toll-free number:1800 1020 878
    Fax:022 - 4918 6060
    Email:Investor.helpdesk@in.mpms.mufg.com
    Website:in.mpms.mufg.com

    For any queries related to broking please contact helpdesk@mnclgroup.com.

Disclaimer

‘Investments in securities market are subject to market risks, read all the related documents carefully before investing.’

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