Harmony Alternative

Funds managed

Fund name	Asset Class	License
Harmony Hedge Fund	Multi-strategy Hedge fund	SEBI AIF Cat 3

About the AMC

• It started in 2013.
• Important people Ramesh Kumar M. (Partner & Certified Financial Planner), Sudha K. (Partner & Certified Financial Planner), Vivek G. Hiremath (Chief Mentor of Research and Business Team).
• Harmony Hedge Fund has become the first institutional participant on the Multi Commodity Exchange of India Ltd (MCX). (July 2017)
• Ramesh Kumar M.-A Certified Financial Planner by qualification and Systemic wealth creation evangelist, with over 25+ years of experience in Financial Services and Wealth Management. Ramesh conducts workshops and is a professional speaker on Wealth management on various forums. 
• Sudha K.-Certified Financial Planner by qualification with over 20+ years of experience in financial planning. Sudha has assisted more than 200+ families, Young entrepreneurs, and high-performance professionals to financial freedom and build sustainable wealth.

Investment Philosophy (for the firm)

• We take long term positions and short term advantages while staying true to our investment philosophies
• The objective of the 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

• Minimum Investment – Rs. 1 crore
• Term – Open Ended
• 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.

Analyst questions

1. Being the first AIF Cat III to invest in the commodity derivatives market, do you think you have performed as per your expectations?
2. Your investment scheme says, the universe of portfolio strategies, what are these?
3. How much do you weight on diversified and investment strategies?

Peer review – Shivani Kadam

Date – 11th May 2020