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Karma Capital launches Indian alts fund for UHNWIs

Karma Capital has launched its first open-ended alternative investment fund for ultra high net worth investors in India, the Mumbai-based firm announced on Tuesday. Named the Karma Capital Jasmine Alternative Investment Fund (AIF), the strategy includes around 25 Indian stocks and is benchmarked against the BSE 500 Total Returns Index. The fund aims to “create a concentrated portfolio of businesses…

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