HarmonyCapital

Scheme

Harmony Hedge Fund is the first scheme of Harmony Alternative Investment Fund Trust. The objective of Harmony Hedge Fund is to work towards an absolute rate of return, using a portfolio of strategies which will be a Combination of diversified Trading (Long and Short) Strategies and Investment (Long only) Strategies. The Universe of Portfolio Strategies among which Fund's assets are allocated, and the relative weightage among them, are expected to vary from time to time.

  • Associated people
    • Custodian - IL&FS Securities Services Limited
    • Trustee - IL&FS Trust Company Limited.
    • Investment Manager - Harmony Capital
    • Sponsor - Harmony Capital
    • Fund Accounting & NAV calc agent - IL&FS Securities Services Limited
    • Auditor - Kamdar Desai & Patel
    • Banker - HDFC Bank

  • Scheme details
    • Fund Structure - SEBI registered Category III AIF
    • Minimum Investment - Rs. 1 crore
    • Term - Open Ended
    • Valuation Day - Last Business Day of every month
    • Liquidity option - The Units of the Fund will be redeemable at the Net Asset Value per unit prevailing at the close of business on the applicable Valuation day. (Last business day of every month)
    • Sponsor Commitment - INR 10 crore or 5% of total fund corpus, whichever is lower

  • Fees structure
    • Management fee - (a) Establishment cost -On actual, subject to a cap of 1 % of the total Fund Size (b) Operational Cost – On actual subject to a cap of 1% per annum on the total NAV
    • Performance fee - 20% of the Total Profits made by the fund during the year will be charged as Performance fees and payable at the end of the year or at the time of full or partial redemption, whichever is earlier.
    • Hurdle Rate - NIL
    • Set-up fee - NIL